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 Joseph’s Home, Inc. — a community voluntary not-for-profit corporation, licensed and overseen by the New York State Health Department — is a legally, financial separate co-agency with Loeb House, Inc., a community voluntary not-for-profit corporation licensed and overseen by the New York State Office of Mental Health which specializes in special needs housing, including community residences and apartments for victims of chronic, persistent mental illness and dual diagnoses. Together, these agencies offer 216 people safe, clean, healing sanctuaries. |
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JOSEPH’S HOME, INC.STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED DECEMBER 31, 2005
ASSETS
|
| Current Assets: |
| Cash and cash equivalents |
|
$ |
353,351 |
| Accounts receivable: |
| Accounts receivable |
$ |
1,272 |
|
| Grants |
|
8,000 |
|
|
|
9,272 |
|
| Total Current Assets |
362,623 |
Fixed assets (net of accumulated |
| depreciation of $441,737) |
|
2,774,332 |
|
| Total Assets |
$ |
3,136,955 |
LIABILITIES AND NET ASSETS
|
| Current Liabilities: |
| Accounts payable |
|
11,759 |
|
| Accrued expenses and other liabilities |
|
27,087 |
|
| Deferred revenue |
|
70,474 |
|
| HHAP advance payable |
|
20,000 |
|
| Due to affiliates |
|
142,975 |
|
|
| Total Current Liabilities |
272,295 |
Long Term Liabilities: |
| Long term debt |
|
|
1,917,341 |
|
| Total Liabilities |
2,189,636 |
Net Assets: |
| Unrestricted net assets |
|
|
947,319 |
|
| Total Liabilities and Net Assets |
$ |
3,136,955 |
UNRESTRICTED NET ASSETS
|
| Support and Revenue: |
| SSI and SSD |
|
428,885 |
|
| Grants and Contracts |
|
58,300 |
|
| Other income |
|
7,485 |
|
Total Support and Revenue |
494,670 |
Expenses: |
| Program Expenses |
|
493,338 |
|
| General and Administrative |
|
89,658 |
|
Total Expenses |
582,996 |
Change in Unrestricted Net Assets |
(88,326) |
Net assets, beginning of year |
1,035,645 |
Net assets, end of year |
947,319 |
HOME PAGE | MISSION | OPERATIONS | FINANCIALS | FUTURE
BOARD OF DIRECTORS | SENIOR STAFF | CONTACT US
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