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Financials: Fiscal Year 2018

CEDAC Non-Profit Funding in Massachusetts

$45,873,920Total

Statement of Net Assets June 30, 2018

Enterprise Funds
Operating and CEDAC Loan Funds Restricted Program Funds Loan Funds Under Management Total
Assets        
Total current assets $16,047,211 $5,636,732 $49,720,054 $71,403,997
Total other assets 10,266,116 — 8,339,415 18,605,531
Total assets $26,313,327 $5,636,732 $58,059,469 $90,009,528
Liabilities and Net Assets        
Total current liabilities 2,947,041 5,382,768 1,319,628 9,649,437
Long term notes payable 10,996,163 — 56,739,841 67,736,004
Total liabilities $13,943,204 $5,382,768 $58,059,469 $77,385,441
Net Assets        
Unrestricted net assets 8,359,667 — — 8,359,667
Invested in capital assets 249,440 — — 249,440
Restricted net assets – expendable 3,761,016 253,964 — 4,014,980
Total net assets $12,370,123 $253,964 — $12,624,087
Total liabilities and net assets $26,313,327 $5,636,732 $58,059,469 $90,009,528

Statement of Revenues, Expenses and Changes In Net Assets For the Year Ended June 30, 2018

Enterprise Funds
Operating and CEDAC Loan Funds Restricted Program Funds Loan Funds Under Management Total
Total operating revenues $3,990,957 $2,071,774 $674,677 $6,737,408
Total operating expenses 3,687,727 1,996,632 132,627 5,816,986
Changes in net assets from operations 303,230 75,142 542,050 920,422
Net operations of loan funds not recourse to CEDAC — — (542,050) (542,050)
Changes in net position 303,230 75,142 — 378,372
Net Assets, beginning of year 12,066,893 178,822 — 12,245,715
Net Assets, end of year $12,370,123 $253,964 — $12,624,087

Fiscal Year 2018 Projects Funded by CEDAC and Children’s Investment Fund

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