| Abilities First |
|
|
|
|
| Income Statement |
|
|
|
|
| 31-Dec-08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| REVENUES |
|
|
|
|
|
|
|
|
|
|
|
| Client Services |
|
|
$ 5,079,468 |
86.2% |
| Contributions |
|
|
197,268 |
3.3% |
| United Way |
|
|
|
194,338 |
3.3% |
| Investment Income |
|
|
20,014 |
0.3% |
| Revenues Released from Restriction |
128,473 |
2.2% |
| Restricted Revenues |
|
|
169,814 |
2.9% |
| Rental Income |
|
|
100,716 |
1.7% |
|
|
|
|
|
|
| Total |
|
|
|
5,890,091 |
100.0% |
|
|
|
|
|
|
|
|
|
|
|
|
| EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
| Wages & Fringes |
|
|
3,894,444 |
62.6% |
| Health Insurance |
|
|
333,422 |
5.4% |
| Other Variable |
|
|
1,655,786 |
26.6% |
| Rents, Leases, Interest |
|
171,207 |
2.8% |
| Insurance & Depreciation |
|
167,277 |
2.7% |
|
|
|
|
|
|
| Total |
|
|
|
6,222,136 |
100.0% |
|
|
|
|
|
|
| Increase (Decrease) in Net Assets |
$ (332,045) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expenses By Program |
|
|
|
|
|
|
|
|
|
| Residential |
|
|
|
|
42.7% |
| Fundraising |
|
|
|
|
1.9% |
| Administration |
|
|
|
17.0% |
| Employment Services |
|
|
|
7.2% |
| Therapies |
|
|
|
|
13.4% |
| Early Childhood Learning |
|
|
8.1% |
| Adult Day Program |
|
|
|
7.3% |
| Community Living |
|
|
|
2.4% |
|
|
|
|
|
|
| Total |
|
|
|
|
100.0% |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Abilities First |
|
|
|
|
| Balance Sheet |
|
|
|
|
| 31-Dec-08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
|
|
$ 6,588 |
|
| Accounts Receivable |
|
|
704,918 |
|
| Prepaid Expenses |
|
|
43,697 |
|
| Property & Equipment |
|
|
2,832,501 |
|
| Other Assets |
|
|
3,167,965 |
|
|
|
|
|
|
|
| Total Assets |
|
|
6,755,669 |
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
|
|
| Accounts Payable |
|
|
410,484 |
|
| Accrued Expenses |
|
|
917,473 |
|
| Mortgages |
|
|
|
1,361,426 |
|
|
|
|
|
|
|
| Total Liabilities |
|
|
2,689,383 |
|
|
|
|
|
|
|
| Unrestricted Net Assets |
|
495,942 |
|
| Temporarily Restricted Net Assets |
3,186,576 |
|
| Permanently Restricted Net Assets |
383,768 |
|
|
|
|
|
|
|
| Total Net Assets |
|
|
4,066,286 |
|
|
|
|
|
|
|
| Total Liabilities & Net Assets |
|
$ 6,755,669 |
|
|
|
|
|
|
|
|
