Page 14 - The Arc CCR Annual Report 2023
P. 14

2023 Financials
Consolidated Statement of Financial Position, June 30, 2023.
Full audited financials and the most recent 990 for fiscal year 2023 can be found at thearcccr.org.
  Assets Current Assets
2023
 Cash and cash equivalents $ 9,806,932 Investments     1,461,786 Due from State of Maryland     2,630,657 Accounts receivable FMS, net of allowance for doubtful accounts     29,844,998 Accounts receivable, other net of allowance for doubtful accounts     177,848 Unconditional promises to give     153,079 Prepaid expenses     424,840
Total current assets     44,500,140 Property and Equipment
Net of accumulated depreciation
Other Assets
560,289
Unconditional promises to give, net of discount 560,289 Security deposits and escrows     426,493 Rigtht of use assets - operating leases     4,063,314 Other assets     -
Total other assets     5,050,096 Total assets     $ 80,085,065
Liabilities and Net Assets
Current Assets
Accounts payable, trade
Line of credt
Due to State of Maryland
Accrued vacation
Accrued salaries and related taxes Rep Payee Funds
Lease liability - financed leases Lease liability - operating leases Mortgages and notes payable
Total current liabilities
Long-Term Liabilities
Due to State of Maryland
Lease liability - financed leases
Mortgages and notes payable, net of debt issuance costs Lease liability - operating leases
Participation liability
Total long-term liabilities Total liabilities
Net Assets
Without donor restrictions With donor restrictions
Total net assets
Total liabilities and net assets     $
$ 4,854,704 21,600,000 9,839,314 - 10,636,255 127,845 460,091 474,880 359,557 48,352,646
122,808 1,346,795 13,902,579 3,672,411 86,397 19,130,990 67,483,636
11,740,899 860,530 12,601,429 80,085,065
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