Capital Impact Partners and Subsidiaries
Consolidated Statements of Financial Position |
2013 (AS OF DECEMBER 31) AND 2012 |
| 2013 | 2012 |
Assets | | |
Cash and cash equivalents - unrestricted | $16,824,376 | $11,301,781 |
Cash and cash equivalents - restricted | 35,530,070 | 34,900,973 |
Accounts and interest receivable | 2,559,694 | 3,292,379 |
Contributions receivable | 7,174,778 | 1,179,363 |
Investments | 4,623,745 | 4,571,409 |
Investment in joint venture | 2,661,129 | 2,647,181 |
|
Loans receivable | 159,897,403 | 143,904,975 |
Less: allowance for loan losses | (8,915,755) | (9,114,558) |
Loans receivable, net | 150,981,648 | 134,790,417 |
Loans receivable - subsidiaries | 36,709,530 | 41,474,750 |
Other real estate owned, net of valuation allowance
of $0 and $570,178 in 2013 and 2012, respectively | 394,929 | 1,313,330 |
Other assets | 3,256,266 | 2,530,456 |
|
Total assets | $260,716,165 | $238,002,039 |
|
Liabilities and Net Assets | | |
|
Liabilities | | |
Accounts payable and accrued expenses | 2,917,710 | 3,614,878 |
Revolving line of credit | 21,000,000 | 7,500,000 |
Notes payable | 62,363,844 | 51,102,851 |
Subordinated debt | 8,218,000 | 8,218,000 |
Notes payable - subsidiaries (Note 12) | 36,729,152 | 41,491,344 |
|
Total liabilities | 131,228,706 | 111,927,073 |
| | |
Commitments and Contingencies (Notes 15 and 16) | | |
Net Assets | | |
Unrestricted | 79,215,513 | 79,024,200 |
Temporarily restricted | 48,784,471 | 45,478,724 |
Permanently restricted | 1,487,475 | 1,572,042 |
|
Total net assets | 129,487,459 | 126,074,966 |
|
Total liabilities and net assets | $260,716,165 | $238,002,039 |