CHICAGO HOUSE AND SOCIAL SERVICE AGENCY AND FRED WOODS HOME, INC. CONSOLIDATING STATEMENT OF FINANCIAL POSITION As of June 30, 2013
Chicago House Assets Current Assets Cash and cash equivalents Cash - restricted Investments - certificates of deposit Government contributions receivable Non-governmental contributions due within one year Other accounts receivable Prepaid expenses
$
1,246,596 21,437 210,232 1,253,280 119,248 84,248 119,534
Fred Woods Home, Inc.
$
Eliminations
9,445 204,614 6,200 4,812 -
$
-
Total
$
Total current assets
3,054,575
225,071
Property and equipment, net Related party receivable Security deposits
2,010,678 1,458,518 15,398
3,018,887 -
(1,458,518) $ (1,458,518)
$
8,324,609
$
$
201,585
Total Assets Liabilities and Net Assets Current Liabilities Accounts payable Accrued expenses Payroll and related Other Refundable advance
$
6,539,169
$
3,243,958
$
184,292
$
17,293
-
1,256,041 226,051 210,232 1,259,480 119,248 89,060 119,534
-
3,279,646 5,029,565 15,398
384,306 32,935 63,631
-
-
384,306 32,935 63,631
665,164
17,293
-
682,457
Related party payable Refundable advance Tenant security deposits
241,828 7,411
1,458,518 2,910
(1,458,518) -
241,828 10,321
Total liabilities
914,403
1,478,721
(1,458,518)
934,606
Total current liabilities
Net Assets Unrestricted General and operational designated Net investment in property and equipment Total unrestricted net assets Temporarily restricted Total net assets Total Liabilities and Net Assets
$
2,614,834 2,010,678
(1,447,414) 733,187
-
1,167,420 2,743,865
4,625,512 999,254
(714,227) 2,479,464
-
3,911,285 3,478,718
5,624,766
1,765,237
-
7,390,003
6,539,169
See independent auditor's report. -20-
$
3,243,958
$ (1,458,518)
$
8,324,609