The RVCDF staff and board of directors manages the Fund prudently on behalf of our community and the organization has received unqualified audit opinions since inception in 2003.
| 2019 | ||
|---|---|---|
| Assets | ||
| Current assets | $11,554,209 |
|
| Loans receivable, net of current portion and loan loss reserves | 17,237,414 |
|
| Other assets | 445,901 | |
| Total Assets | $29,237,524 | |
| Liabilities and Net Assets | ||
| Current liabilities | $24,104 |
|
| Notes payable | 1,513,500 | |
| Total Liabilities | 1,537,604 | |
| Net assets without donor restrictions | 27,669,920 | |
| Total Liabilities and Net Assets | $29,237,524 |
| 2019 | ||
|---|---|---|
| Revenue | ||
| Loan interest and fees | $ 1,196,968 |
|
| Grants | 10,075 |
|
| Other income | 83,767 |
|
| Total Revenue | 1,290,810 | |
| Expenses | ||
| Program services | 724,545 | |
| Management and general | 248,245 | |
| Total Expenses | 972,790 |
|
| Change in net assets without donor restrictions | 318,020 | |
| Net assets without donor restrictions, beginning of year | 27,381,900 | |
| Net assets without donor restrictions, end of year | $ 27,699,920 |