Financials

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In its role as steward for capital invested into low income communities, LIIF’s financial statements exemplify strong financial management, disciplined underwriting and portfolio management, and a dedication to fulfilling its mission through community lending and grant related activities.

AS OF JUNE 30

Assets

2019

2018

2017

Cash & investments $46,613,979 $35,468,369 $34,795,691
Restricted cash $44,494,763 $26,998,260 $42,484,893
Notes receivable $441,359,287 $423,244,628 $329,259,261
Allowance for loan losses ($15,248,398) ($12,652,523) ($9,956,112)
Other assets $11,316,784 $18,308,287 $17,570,309
Total Assets
$528,536,415
$491,367,021
$414,154,042

 

Liabilities and Net Assets

Liabilities
Notes payable $383,735,873 $360,006,555 $276,012,426
Funds held in trust $12,122,628 $10,272,738 $16,001,705
Other liabilities $9,478,525 $8,403,687 $14,517,720
Total liabilities
$405,337,026
$378,682,980
$306,531,851

 

Net Assets

Without donor restrictions $74,092,186 $62,113,112 $57,059,610
With donor restrictions $49,107,203 $50,570,929 $50,562,581
Total net assets
$123,199,389
$112,684,041
$107,622,161
Total liabilities and net assets
$528,536,415
$491,367,021
$414,154,042

FOR YEAR ENDED JUNE 30

Revenue

2019

2018

2017

Net financing income $12,811,408 $10,904,707 $10,840,196
Technical assistance & consulting $6,806,174 $4,632,954 $3,337,175
Grants & contributions $16,612,436 $13,993,547 $20,362,659
Other $5,163,895 $3,165,436 $3,420,209
Total Revenue
$41,393,913
$32,696,644
$37,960,239

 

Expenses

Program expenses $22,375,008 $19,788,933 $15,144,762
Supporting expenses $8,503,557 $7,845,862 $7,077,584
Total Expenses
$30,878,565
$27,634,794
$22,222,346
Change in assets without donor restriction $11,979,074 $5,053,502 $2,735,031
Change in assets with donor restriction $(1,463,726) $8,348 $10,821,312
Change in total net assets
$10,515,348
$5,061,850
$15,737,893

Click the links below for additional financial detail.
Fiscal Year 2019 Consolidated Financial Statements and Independent Auditors Report

Loan Portfolio Detail
As of June 30, 2019

Loan Portfolio by Loan Product
Loan Portfolio by Asset Class
Loan Portfolio by Region
Loan Portfolio by Quality and Leverage