Financial Information CONDENSED BALANCE SHEETS as of September 30, 2016 2015 ASSETS cash and investments $ 23,017,019 $ 20,750,176 loans receivable, net 5,025,947 59,248,686 grants, contracts and other receivables 63,931,530 3,154,963 fixed assets 2,561,887 2,847,654 other assets 3,680,365 4,226,760 total assets $ 98,216,748 $ 90,228,239 LIABILITIES AND NET ASSETS accounts payable & accrued liabilities $ 2,870,072 $ 2,205,056 notes and bonds payable 60,780,725 54,044,339 net assets 34,565,951 32,854,103 total liabilities and net assets $ 98,216,748 $ 90,228,239 EXPENSES BY PROGRAM CONDENSED STATEMENTS OF ACTIVIT Y for theYears Ending September 30, 2016 2015 REVENUE grants and contracts $ 12,745,767 $ 13,262,779 loan fees and interest 3,730,324 3,494,374 investment income 202,502 110,167 other 104,410 44,899 total revenue $ 16,783,003 $ 16,912,219 EXPENSES loan fund $ 2,292,750 $ 2,031,986 housing 2,787,604 3,240,044 community & environmental 6,779,196 5,556,047 other programs 834,275 594,742 fundraising 258,761 268,006 rental operations 149,575 149,375 management and general 3,007,984 2,391,491 total expenses $ 16,110,145 $ 14,231,691 increase in net assets $ 672,858 $ 2,680,528 consisting of: change in unrestricted net assets $ 4,620,432 $ 2,717,391 change in temporarily restricted net assets (3,947,574) (36,863) $ 672,858 $ 2,680,528 Management & General Rental Operations Fundraising Other Programs Community & Environmental Housing Loan Fund 14% 17% 42% 1% 2% 5% 19% The following is a summary of information contained in RCAC’s annual financial statements for fiscal years 2016 and 2015. Complete financial statements with the associated independent auditor’s report are available at www.rcac.org.