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.
Per Fiscal Year 2022 audited financials
Assets |
2022 |
2021 |
2020 |
| Cash & investments | $90,081,335 | $61,975,052 | $54,812,151 |
| Restricted cash | $49,520,580 | $51,436,102 | $45,238,522 |
| Notes receivable | $448,218,339 | $515,213,892 | $470,922,421 |
| Allowance for loan losses | ($16,759,967) | ($18,188,743) | ($17,891,493) |
| Other assets | $30,059,662 | $29,401,316 | $23,069,241 |
Total Assets |
$601,119,949 |
$639,837,619 |
$576,150,842 |
| Liabilities and Net Assets | |||
Liabilities |
|||
| Notes payable | $390,846,156 | $428,397,137 | $411,147,769 |
| Funds held in trust | $7,749,806 | $10,096,112 | $7,432,208 |
| Other liabilities | $37,329,764 | $43,785,300 | $20,431,501 |
Total liabilities |
$435,925,726 |
$482,278,549 |
$439,011,478 |
Net Assets |
|||
| Noncontrolling interest in subsidiaries | $4,440,476 | $3,748,526 | $0 |
| Without donor restrictions | $102,889,313 | $101,016,834 | $77,077,417 |
| With donor restrictions | $57,864,434 | $52,793,710 | $60,061,947 |
Total net assets |
$165,194,223 |
$157,559,070 |
$137,139,364 |
Total liabilities and net assets |
$601,119,949 |
$639,837,619 |
$576,150,842 |
Per Fiscal Year 2022 audited financials
Revenue |
2022 |
2021 |
2020 |
| Net financing income | $17,178,676 | $16,369,170 | $14,931,664 |
| Syndication fees | $9,312,909 | $8,330,650 | $1,935,708 |
| Grants & contributions | $27,936,662 | $55,588,596 | $30,027,412 |
| Other | $3,641,849 | $1,456,947 | $2,273,978 |
Total Revenue |
$58,070,096 |
$81,745,363 |
$49,168,762 |
| Expenses | |||
| Program expenses | $36,953,079 | $53,139,902 | $24,347,664 |
| Supporting expenses | $13,191,864 | $10,520,395 | $9,706,056 |
Total Expenses |
$50,144,943 |
$63,660,297 |
$34,053,720 |
| Change in assets without donor restriction | $2,564,429 | $27,687,943 | $2,985,231 |
| Change in assets with donor restriction | $5,070,724 | ($7,268,237) | $10,954,744 |
Change in total net assets |
$7,635,153 |
$20,419,706 |
$13,939,975 |
Click the links below for additional financial detail.
Fiscal Year 2022 Consolidated Financial Statements and Independent Auditors Report
Loan Portfolio Detail
As of June 30, 2021
Loan Portfolio by Quality and Leverage
Loan Portfolio by Product
Loan Portfolio by Region
Loan Portfolio by Asset Class
