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

2020

2019

2018

Cash & investments 54,812,151 $46,613,979 $35,468,369
Restricted cash 45,238,522 $44,494,763 $26,998,260
Notes receivable 470,922,421 $441,359,287 $423,244,628
Allowance for loan losses (17,891,493) ($15,248,398) ($12,652,523)
Other assets 23,069,241 $11,316,784 $18,308,287
Total Assets
576,150,842
$528,536,415
$491,367,021

 

Liabilities and Net Assets

Liabilities
Notes payable 411,147,769 $383,735,873 $360,006,555
Funds held in trust 7,432,208 $12,122,628 $10,272,738
Other liabilities 20,431,501 $9,478,525 $8,403,687
Total liabilities
439,011,478
$405,337,026
$378,682,980

 

Net Assets

Without donor restrictions 77,077,417 $74,092,186 $62,113,112
With donor restrictions 60,061,947 $49,107,203 $50,570,929
Total net assets
137,139,364
$123,199,389
$112,684,041
Total liabilities and net assets
576,150,842
$528,536,415
$491,367,021

FOR YEAR ENDED JUNE 30

Revenue

2020

2019

2018

Net financing income 14,931,664 11,458,827 $10,904,707
Technical assistance & consulting 242,056 $6,806,174 $4,632,954
Grants & contributions 30,027,412 $16,612,436 $13,993,547
Other 3,967,630 6,516,476 $3,165,436
Total Revenue
49,168,762
$41,393,913
$32,696,644

 

Expenses

Program expenses 24,347,664 $22,375,008 $19,788,933
Supporting expenses 9,706,056 $8,503,557 8,286,062
Total Expenses
34,053,720
$30,878,565
$27,634,794
Change in assets without donor restriction 2,985,231 $11,979,074 $5,053,502
Change in assets with donor restriction 10,954,744 $(1,463,726) $8,348
Change in total net assets
13,939,975
$10,515,348
$5,061,850

Click the links below for additional financial detail.
Fiscal Year 2020 Consolidated Financial Statements and Independent Auditors Report

Loan Portfolio Detail
As of June 30, 2020

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