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LCH continued to benefit from the generosity of individual donors, foundations and corporations in spite of the weak economy.
statements of activities and Changes innet assets
statements of Financial position
9
F i na nC i a l s : l C H
8
CurrENt aSSEtS
Cash and cash equivalents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$790,416
$1,040,191
accounts and grants receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
55,745
65,727
Pledges receivable, current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
638,187
956,938
Prepaid expenses and other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19,740
15,744
Total Current Assets
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,504,088
2,078,600
Property and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,195,314
3,260,443
OtHEr aSSEtS
Contributions receivable, net of current portion
. . . . . . . . . . . . . . . . . . . . . .
289,807
444,144
Total Assets
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$4,989,209
$5,780,187
CURRENT LIaBILIT IES
accounts payable and accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . .
$89,094
$76,205
Current portion of note payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9,788
27,313
Deferred revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7,000
---
Due to affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ---
115,023
Total Current Liabilities
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
105,882
218,541
MORTgagE PayaBLE,
NET OF CURRENT MaTURIT IES
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
369,936
1,021,072
Total liabilities
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
475,818
1,239,613
NEt aSSEtS
unrestricted
Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
494,757
48,627
Invested in real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,652,862
2,045,259
Temporarily restricted
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,365,772
2,446,688
Total net assets
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4,513,391
4,540,574
TOTaL LIaBILITIES aND NET aSSETS . . . . . . . . . . . . . . . . . . . . . . . . . $4,989,209
$5,780,187
REvENUE
aND SUPPORT
Unrestricted
Temporarily
Restricted
Total
Unrestricted
Temporarily
Restricted
Total
Government and
other contracts
$424,180
---
$424,180
$583,531
---
$583,531
Contributions
634,932
747,746
1,382,678
176,512
1,569,123
1,745,635
Program service fees
206,067
---
206,067
154,633
---
154,633
Investment income
11,126
---
11,126
26,922
---
26,922
Other income
17,502
---
17,502
11,827
---
11,827
Net assets released
from restrictions
1,828,662
(1,828,662)
---
1,631,418
(1,631,418)
---
Total revenue and support
3,122,469
(1,080,916)
2,041,553
2,584,843
(62,295)
2,522,548
ExPENSES
Program Services
Health Center
1,061,246
---
1,061,246
1,171,614
---
1,171,614
Social Services
290,082
---
290,082
271,611
---
271,611
Education
233,031
---
233,031
191,814
---
191,814
Supporting Services
Management and general
319,048
---
319,048
599,850
---
599,850
Fundraising
165,329
---
165,329
130,579
---
130,579
Disaffiliation
---
---
---
300,000
---
300,000
Total expenses
2,068,736
---
2,068,736
2,665,468
---
2,665,468
Changes in net assets
1,053,733
(1,080,916)
(27,183)
(80,625)
(62,295)
(142,920)
Net assets,
beginning of year
2,093,886
2,446,688
4,540,574
2,174,511
2,508,983
4,683,494
Net assets, end of year
$3,147,619
$1,365,772
$4,513,391
$2,093,886
$2,446,688 $4,540,574
2011
2010
July 1, 2009 - June 30, 2010
July 1, 2010 - June 30, 2011
2011
2010
July 1, 2009 - June 30, 2010
July 1, 2010 - June 30, 2011