| 2009 | 2008 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and Equivalent | $900,400 | $171,387 |
| Loss Reserve - City of Rochester |
125,211 | 259,550 |
| Grants and Other Receivables | 139,000 | 54,422 |
| Due From RHDFC | 316,673 | 211,992 |
| Interest Receivable | 23,725 | 65,386 |
| Note Receivable | 168,732 | 127,422 |
| Construction Financing Receivables | 4,278,051 | 10,853,142 |
| Current Portion of Mortgages Receivable | 11,761 | 190,914 |
| Prepaid Expenses and Other Assets | 24,018 | 15,710 |
| Total Current Assets: | 5,987,571 | 11,949,925 |
| Investments | 3,250 | 3,894 |
| Mortgage Receivable, net of current portion and allowance for losses of $25,000 in 2009 and 2008 | 160,873 | 172,633 |
| Property and Equipment, net | 16,129 | 13,273 |
| $6,167,823 | $12,139,725 | |
| LIABILITIES & NET ASSETS | ||
| Current Liabilities: | ||
| Accrued Expenses | $64,542 | $77,646 |
| Participation Note Payable | -0- | 1,409,886 |
| Line Of Credit Payable | -0- | 4,600,000 |
| Loss Reserve - City of Rochester | 125,211 | 259,550 |
| Total Current Liabilities: | 189,753 | 6,347,082 |
| Total Liabilities: | 189,753 | 6,347,082 |
| Net Assets: | 5,978,070 | 5,792,643 |
| $6,167,823 | $12,139,725 | |