Financials

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In its role as steward for capital invested into distressed communities, LIIF’s operations exemplify strong financial management, disciplined underwriting and careful portfolio management.

AS OF JUNE 30

Assets

2015

2014

2013

Cash & investments $21,877,891 $27,532,439 $22,280,504
Restricted cash $26,975,337 $34,194,856 $35,182,625
Notes receivable $229,836,878 $201,480,617 $138,962,580
Allowance for loan losses ($7,642,972) ($6,908,466) ($6,945,404)
Other assets $9,576,129 $2,774,080 $6,068,476
Total Assets
$280,623,263
$259,073,526
$195,548,781

 

Liabilities and Net Assets

Liabilities
Notes payable $169,672,399 $151,561,713 $95,022,438
Funds held in trust $10,002,986 $17,329,349 $15,019,300
Other liabilities $9,694,828 $8,696,602 $6,542,193
Total liabilities
$189,370,213
$177,587,664
$116,583,931

 

Net Assets

Unrestricted $44,293,272 $41,808,931 $35,421,513
Temporarily Restricted $46,959,778 $39,676,931 $43,543,337
Total net assets
$91,253,050
$81,485,862
$78,964,850
Total liabilities and net assets
$280,623,263
$259,073,526
$195,548,781

FOR YEAR ENDED JUNE 30

Revenue

2015

2014

2013

Interest & investment income–net $8,776,707 $9,250,713 $6,665,877
Technical assistance & consulting $1,759,998 $1,794,107 $1,736,933
Grants & contributions $13,127,122 $7,003,378 $4,306,759
Other $3,093,459 $3,550,947 $2,961,526
Total Revenue
$26,757,286
$21,599,145
$15,671,095

 

Expenses

Program expenses $11,755,633 $14,761,116 $7,790,476
Supporting expenses $5,234,465 $4,317,017 $3,799,337
Total Expenses
$16,990,098
$19,078,133
$11,589,813
Change in unrestricted net assets $2,484,341 $6,387,418 $2,735,031
Change in temporarily restricted net assets $7,282,847 ($3,866,406) $1,346,251
Change in total net assets
$9,767,188
$2,521,012
$4,081,282