Assets
CURRENT ASSETS
2025
2024
Cash and cash equivalents
$ 1,448,983
$ 1,387,984
Membership fee receivable
20,000
20,000
Loans receivable, current portion
2,065,583
1,682,941
Loans receivable -organization funded, current portion
22,297
18,586
Prepaid expenses
430
430
TOTAL CURRENT ASSETS
$3,557,293
$3,109,941
SOFTWARE AND EQUIPMENT, net
2,682
0
OTHER ASSETS
Loans receivable – long-term, net
57,511,918
53,432,588
Loans receivable – organization funded, long-term, net
620,809
590,105
Membership fee receivable
15,000
15,000
Certificate of deposit
217,957
200,000
Cash escrows, restricted
0
0
TOTAL OTHER ASSETS
$58,365,684
$54,237,693
$61,925,659
$57,347,634
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES
Notes payable, current portion
$2,087,880
$1,701,527
Interest Payable
8,962
16,434
Deferred membership fees, current portion
20,000
20,000
TOTAL CURRENT LIABILITIES
$2,116,842
$1,737,961
LONG-TERM LIABILITIES
Notes payable, net of current portion
58,896,821
54,831,437
Deferred membership – net of current portion
15,000
15,000
TOTAL LONG-TERM LIABILITIES
$58,911,821
$54,846,437
TOTAL LIABILITIES
$61,028,663
$56,584,398
NET ASSETS WITHOUT DONOR RESTRICTIONS
$896,996
$763,236
$61,925,659
$57,347,634