b"FinancialsThe following is a summary of CONDENSED BALANCE SHEETS information contained in RCAC's as of September 30,20202019annual financial statements.ASSETSComplete financial statements withcash and investments$34,439,082$ 24,130,353 the associated independent auditor'sgrants, contracts & other receivables5,836,4188,993,656 report are available at www.rcac.org. loans receivable, net 111,621,35681,943,128 fixed assets2,036,6682,230,228 other assets3,257,6442,874,331Expenses by Program total assets$ 157,191,168$ 120,171,696 LIABILITIES & NET ASSETS accounts payable & accrued liabilities$$7,751,673$ $6,313,432 1% 15% 18% notes and bonds payable97,944,96269,050,020 1% net assets51,494,53344,808,2443%total liabilities and net assets$ 157,191,168 $120,171,696 2020 15% CONDENSED STATEMENTS OF ACTIVITY for the Years Ending September 30, 2020201947% REVENUEgrants and contracts$22,812,909$18,690,612 loan fees and interest6,346,2904,789,637 investment income275,427444,220 other372,512304,9351% 16% 20% total revenue$29,807,138$ 24,229,404 1%6% EXPENSES2019 14% loan fund$4,724,256 $$3,903,907 housing3,242,4603,349,179 community & environmental9,699,87210,305,600 other programs1,330,857728,672 42% fundraising294,240254,908 rental operations139,374152,673 management and general3,689,7903,323,232 total expenses$23,120,849$22,018,171 Loan Fund FundraisingHousingRental Operations increase in net assets$6,686,289$ 2,211,233 Community & Management & consisting of: Environmental General change in unrestricted net assets$2,789,492$ 957,404change in temporarily restricted net assets3,896,7971,253,829Other Programs$6,686,289$2,211,233 18 | RCAC Annual Report"