 |
|
|
|
REVENUE |
FY 2006 |
FY 2005 |
Grants & Contributions |
$ 602,610 |
$ 1,419,155 |
Development Fees |
1,487,400 |
1,550,271 |
Administrative Service Fees |
106,003 |
123,979 |
Rental Revenue |
22,400 |
20,899 |
Special Events, Net |
81,319 |
120,277 |
| Management Fees |
401,158 |
378,498 |
Interest Income |
229,627 |
307,838 |
Other Income (loss) |
76,796 |
(173,997) |
TOTAL REVENUE & SUPPORT |
3,007,343 |
3,746,940 |
|
|
|
EXPENSES |
|
|
Program Services |
1,527,483 |
1,777,983 |
Management & General |
347,325 |
286,632 |
Fundraising |
129,843 |
98,211 |
TOTAL EXPENSES |
2,004,651 |
2,162,826 |
|
|
|
Increase (Decrease) in Net Assets
|
$ 1,002,692
|
$ 1,584,114
|
|
|
|
|
Statement of Assets and Liabilities |
ASSETS |
FY 2006 |
FY 2005 |
Cash |
|
|
|
Operating |
$ 368.981 |
$ 187,285 |
|
Development Reserve |
137,544 |
1,058,346 |
|
Total Current Assets |
$ 506,525 |
$ 1,245,631 |
|
|
|
|
| Management Fees Receivable |
74,001 |
90,509 |
Developer Fees Receivable |
3,113,326 |
2,126,308 |
Accounts Receivable & Prepaid |
444,516 |
36,961 |
Property and Equipment |
280,778 |
237,757 |
Land |
1,396,279 |
1,396,279 |
Notes, Interest & Fees Receivable |
5,103,377 |
4,470,091 |
Investment in Affiliates |
3,123,228 |
2,632,725 |
Total Long Term Assets1 |
$ 13,445,505 |
$ 10,990,630 |
|
|
|
TOTAL ASSETS
|
$ 13,952,030
|
$ 12,236,261
|
|
|
|
| LIABILITIES |
|
|
Accounts Payable & Other |
531,345 |
374,069 |
| Due to Banks and Counties |
2,117,755 |
1,561,954 |
Total Liabilities |
$ 2,649,100 |
$ 1,936,023 |
|
|
|
|
|
|
NET ASSETS |
|
|
|
Permanently Restricted |
582,325 |
582,325 |
|
Unrestricted |
10,720,605 |
9,717,913 |
Total Net Assets |
$ 11,302,930 |
$ 10,300,238 |
|
|
|
TOTAL LIABILITIES & NET ASSETS
|
$ 13,952,030
|
$ 23,236,261
|
|
|
|
| 1Net of accumulated depreciation and amortization and CDBG funds and land contribution that must be repaid upon sale or other disposition of property. |
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WHDC is a non-profit 501(c)(3) organization, partially funded by these government entities:
Fairfax County Redevelopment and Housing Authority, U.S. Department of Housing and Urban Development, the Commonwealth of Virginia, Fairfax County, Arlington County, the City of Falls Church, and the City of Alexandria.
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