Financial Information CONDENSED BALANCE SHEETS as of September 30, 2017 2016 A S S E T S cash and investments $ 24,417,783 $ 23,017,019 grants, contracts & other receivables 5,703,153 5,025,947 loans receivable, net 60,397,020 63,931,530 fixed assets 2,529,268 2,561,887 other assets 3,035,647 3,680,365 total assets $ 96,082,871 $ 98,216,748 L I A B I L I T I E S & N E T A S S E T S accounts payable & accrued liabilities $ 3,032,838 $ 2,870,072 notes and bonds payable 56,066,654 60,780,725 net assets 36,983,379 34,565,951 total liabilities and net assets $ 96,082,871 $ 98,216,748 CONDENSED STATEMENTS OF ACTIVITY for the Years Ending September 30, 2017 2016 R E V E N U E grants and contracts $ 15,001,979 $ 12,745,767 loan fees and interest 3,504,501 3,730,324 investment income 269,909 202,502 other 253,892 104,410 total revenue $ 19,030,281 $ 16,783,003 E X P E N S E S loan fund $ 2,406,382 $ 2,292,750 housing 3,208,403 2,787,604 community & environmental 6,848,461 6,779,196 other programs 648,139 834,275 fundraising 248,448 258,761 rental operations 161,668 149,575 management and general 3,091,352 3,007,984 total expenses $ 16,612,853 $ 16,110,145 increase in net assets $ 2,417,428 $ 672,858 consisting of: change in unrestricted net assets $ 1,260,377 $ 4,620,432 change in temporarily restricted net assets 1,157,051 3,947,574 $ 2,417,428 $ 672,858 The following is a summary of infor- mation contained in RCAC’s annual financial statements for fiscal years 2017 and 2016. Complete financial statements with the associated independent auditor’s report are available at www.rcac.org. EXPENSES BY PROGRAM 2017 2016 Loan Fund Housing Community & Environmental Other Programs Fundraising Rental Operations Management & General 14% 14% 19% 17% 41% 42% 19% 19% 4% 5% 1% 1% 2% 2% 12