Financial Information
Last updated December 10, 2008
Assets
| Current assets | 2007 | 2006 | 2005 |
| Cash and cash equivalents |
90,150 |
408,125 |
165,630 |
| Accrued interest receivable |
91,460 |
22,871 |
122,329 |
| Accrued ground rents receivable |
38,421 |
38,421 |
10,604 |
| Prepaid expenses |
11,413 |
6,254 |
5,990 |
| Program related cash flow loans receivable |
90,000 |
27,000 |
10,000 |
| Ground rents |
1,443,426 |
1,459,416 |
1,463,841 |
| Investments, at market |
66,630,504 |
63,577,458 |
59,590,723 |
| Property |
438,243 |
438,052 |
440,783 |
| Total assets |
68,841,509 |
65,977,597 |
61,809,900 |
Liabilities and Net Assets
| Current liabilities | 2007 | 2006 | 2005 |
| Accounts payable |
60,099 |
52,928 |
80,337 |
| Grants payable |
566,400 |
373,000 |
626,502 |
| Accrued expenses |
- |
38,635 |
73,645 |
| Total current liabilities |
626,499 |
464,563 |
780,484 |
| Unrestricted net assets |
68,215,010 |
65,513,034 |
61,029,416 |
| Total liabilities and net assets |
68,841,509 |
65,977,597 |
61,809,900 |
IRS Form 990-PF