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

2021

2020

2019

Cash & investments $61,975,052 $54,812,151 $46,613,979
Restricted cash $51,436,102 $45,238,522 $44,494,763
Notes receivable $515,213,892 $470,922,421 $441,359,287
Allowance for loan losses ($18,188,743) ($17,891,493) ($15,248,398)
Other assets $29,401,316 $23,069,241 $11,316,784
Total Assets
$639,837,619
$576,150,842
$528,536,415
Liabilities and Net Assets
Liabilities
Notes payable $428,397,137 $411,147,769 $383,735,873
Funds held in trust $10,096,112 $7,432,208 $12,122,628
Other liabilities $43,785,300 $20,431,501 $9,478,525
Total liabilities
$482,278,549
$439,011,478
$405,337,026
Net Assets
Noncontrolling interest in subsidiaries $3,748,526 $0 $0
Without donor restrictions $101,016,834 $77,077,417 $74,092,186
With donor restrictions $52,793,710 $60,061,947 $49,107,203
Total net assets
$157,559,070
$137,139,364
$123,199,389
Total liabilities and net assets
$639,837,619
$576,150,842
$528,536,415

FOR YEAR ENDED JUNE 30

Revenue

2021

2020

2019

Net financing income $16,369,170 $14,931,664 $11,458,827
Syndication fees $8,330,650 $1,935,708 $2,350,588
Grants & contributions $55,588,596 $30,027,412 $16,612,436
Other $1,456,947 $2,273,978 $10,972,062
Total Revenue
$81,745,363
$49,168,762
$41,393,913
Expenses
Program expenses $53,139,902 $24,347,664 $22,375,008
Supporting expenses $10,520,395 $9,706,056 $8,503,557
Total Expenses
$63,660,297
$34,053,720
$30,878,565
Change in assets without donor restriction $27,687,943 $2,985,231 $11,979,074
Change in assets with donor restriction ($7,268,237) $10,954,744 ($1,463,726)
Change in total net assets
$20,419,706
$13,939,975
$10,515,348

Click the links below for additional financial detail.
iscal Year 2021 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