FINANCIAL SUMMARY
Fiscal Year Ending June 30, 2001
| CURRENT ASSETS | ||
|
Cash |
358,074 | |
| Rent receivable | 1,125 | |
| Grants receivable | 563,432 | |
| Accounts receivable net | 127,447 | |
|
Total current assets |
1,050,078 | |
| PROPERTY AND EQUIPMENT | ||
| Land, buildings, improvements and equipment | 1,492,269 | |
| Less:Accumulated Depreciation | (256,717) | |
|
Net property and equipment |
(256,717) | |
|
|
TOTAL ASSETS | 793,361 |
| CURRENT LIABILITIES | ||
| Line of credit | 300,000 | |
| Current portion long-term debt | 43,376 | |
| Accounts payable and accrued expenses | 291,267 | |
| Accrued payroll | 90,954 | |
| Payroll taxes withheld and accrued | 41,518 | |
|
Total current liabilities |
767,115 | |
| LONG-TERM DEBT LESS CURRENT PORTION | 553,292 | |
| TOTAL LIABILITIES | 1,320,407 | |
| NET ASSETS | ||
| Unrestricted net assets | 411,840 | |
| Temporarily restricted net assets | 553,383 | |
|
Total net assets |
965,223 | |
| TOTAL LIABILITIES AND NET ASSETS | 2,285,630 | |
| REVENUE AND SUPPORT | ||
| Grants | 4,619,961 | |
| Outpatient services | 1,336,233 | |
| Contributions | 18,838 | |
| Rental income | 13,250 | |
| Interest income | 3,075 | |
| Miscellaneous other income | 16,741 | |
|
Total revenue and support |
6,008,098 | |
| OPERATING EXPENSES | ||
| Salaries and wages | 3,200,930 | |
| Payroll taxes and fringe benefits | 752,707 | |
| Supplies, contractual, depreciation and others | 1,988,711 | |
| Total operating expenses | 5,942,348 | |
| Change in net assets | 65,750 | |
| Net assets at the beginning of year |
899,473 |
|
|
Net assets at the end of year |
965,223 | |