Revenues, Contributions, Expenses And Change in Net Position For the year ending December 31, 2017 Revenues and Contributions Tenant rentals $ 4,132,792 Housing assistance payment subsidies 31,983,553 Operating subsidies and grants 16,533,714 Interest income 261,160 Capital contributions 2,462,865 Other 997,848 Total revenue and contributions 56,371,932 Expenses Housing operations and administration 10,734,401 Tenant services 602,537 Utilities 3,239,306 Maintenance 8,115,046 Housing assistance payments 29,522,275 Protective services 599,162 Interest expense 300,516 Insurance premiums 984,339 Depreciation and amortization 6,720,289 Other 1,404,609 Total expenses 62,222,480 Change in net position (5,850,548 ) Total net position at beginning of year 77,386,017 Total net position at end of year $ 71,535,469 Statement of Net Position December 31, 2017 Assets and Deferred Outflows Cash equivalents and investments $ 24,316,896 Accounts receivable 628,568 Inventory and prepaid items 340,221 Restricted investments 1,559,858 Assets held for sale 130,000 Other 114,503 Capital assets, net of depreciation 53,959,216 Total assets 81,049,262 Liabilities Accounts payable Accrued liabilities 3,331,118 Security deposits 352,935 Unearned revenue 400,683 Current portion of debt 411,411 Accrued compensated absences 1,176,686 Long-term debt 3,840,960 Total liabilities and deferred inflows of resources 9,513,793 Net assets Investment in capital assets, net of related debt 48,973,431 Restricted for debt service and other purposes 2,211,309 Unrestricted 20,350,729 Total equity/net assets 71,535,469 Total net position $ 81,049,262 These numbers are from unaudited financial statements. 19 18 2017 Leadership Staff Aaron Darden CEO/President Matthew Letzig COO Andrea O’Dell CFO Arthur Waller, Sr. Vice President of Affordable Housing Terri Cole Vice President of Rental Assistance Saraa Kami Vice President of Communications Kent Keith Vice President of Construction Services Steve King Vice President of IT Vickie Williams Vice President of Human Resources Gary Kammer Vice President of Community Development Ruth Martin General Counsel Darian Walker Controller