Financial Information
Last updated September 14, 2009
Assets
| Current assets | 2008 | 2007 | 2006 |
| Cash and cash equivalents |
54,415 |
90,150 |
408,125 |
| Accrued interest receivable |
66,459 |
91,460 |
22,871 |
| Accrued ground rents receivable |
19,148 |
38,421 |
38,421 |
| Excise tax receivable |
- |
11,413 |
- |
| Prepaid expenses |
4,793 |
7,892 |
6,254 |
| Program related cash flow loans receivable |
92,000 |
90,000 |
27,000 |
| Ground rents |
1,436,242 |
1,443,426 |
1,459,416 |
| Investments, at market |
40,738,056 |
66,630,504 |
63,577,458 |
| Property |
442,407 |
438,243 |
438,052 |
| Total assets |
42,853,520 |
68,841,509 |
65,977,597 |
Liabilities and Net Assets
| Current liabilities | 2008 | 2007 | 2006 |
| Accounts payable |
45,560 |
60,099 |
52,928 |
| Federal excise tax payable |
28,587 |
- |
38,635 |
| Grants payable |
237,850 |
566,400 |
373,000 |
| Total current liabilities |
311,997 |
626,499 |
464,563 |
| Unrestricted net assets |
42,541,523 |
68,215,010 |
65,513,034 |
| Total liabilities and net assets |
42,853,520 |
68,841,509 |
65,977,597 |
IRS Form 990-PF