OPPORTUNITY DEVELOPMENT CENTERS, INC.
2018 ANNUAL REPORT
Financials ODC, INC. & SUBSIDIARY STATEMENTS OF FINANCIAL POSITION Assets
STATEMENTS OF FINANCIAL ACTIVITIES
2018
2017
Cash-restricted
$69,009
$3,620
Cash-unrestricted
1,174,333
1,106,231
Accounts receivable
865,165
1,230,526
Inventories
410,593
434,803
Unconditional promises to give
20,000
-
3,811,438
4,009,867
Investments - ODC Endowment Fund
1,321,158
1,406,414
Beneficial interest in assets held by others
1,267,162
1,402,707
39,601
16,505
$8,978,459
$9,610,673
Property and equipment, net
Other assets
Total Assets
Line of credit Capital lease obligations
Total Liabilities Net Assets
2018
2017
Services fees and grants
$4,501,135
$4,574,749
Sales and other revenue
5,364,359
5,296,773
489,046
808,125
162,351
140,252
$10,516,891
$10,819,899
$4,363,532
$4,327,816
4,743,966
4,893,964
Donations, contributions and fund raising revenue (including restricted donations) Investment return
Total Revenue & Support
$473,604
$456,958
179,700
635,000
25,861
2,248
$679,165
$1,094,206
$8,299,294
$8,516,467
51% Sales
& Other Revenue
Operating Expenses Cost of products sold Salaries, wages and benefits - staff Fund raising expense
73,901
47,971
806,350
986,458
$9,987,749
$10,256,209
$529,142
$563,690
$69,671
$10,500
Unrealized gains from investments
(199,927)
72,776
Change in value of beneficial interest
(135,545)
129,267
Depreciation
(480,514)
(472,240)
Total Non-Operating Revenue/(Expenses)
$(746,315)
$(259,697)
Change in Net Assets
$(217,173)
$303,993
Other operating costs
Liabilities Accounts payable and accrued expenses
Revenue & Support
2018 REVENUE SOURCES
Total Operating Expenses Change in Net Assets From Operations Non-Operating Revenues/(Expenses) In-kind contributions
Financial statements audited by Hawkins Ash CPSs. For a copy of the audit please contact ODC.
43% Services Fees & Grants
6% Donations
& Investment Return
15