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<br /> HOMELESS ASSISTANCE CENTER, INC.
<br /> Statement of Financial Position
<br /> June 30 , 2002
<br /> (with summarized information as of June 30 , 200 1 )
<br /> Assets
<br /> Temporarily All Funds Combined
<br /> Unrestricted Restricted 2002 2001
<br /> Current assets :
<br /> Cash and cash equivalents $ 67 ,232 485828 116 , 060 64 ,401
<br /> Accounts receivable (note 3 ) 50 , 896 - 50, 896 241159
<br /> Prepaid insurance 2 , 809 - 25809 6 , 756
<br /> Leasehold interest (note 5 ) - - - 2 , 116
<br /> Total current assets 120 , 937 485828 1693765 975432
<br /> Assets restricted to investment in building
<br /> fund (note 9) - 389 ,637 3895637 143 ,005
<br /> Property and equipment, net (note 4) 6213530 - 621 , 530 297 , 501
<br /> Leasehold interest (note 5 ) - - - 629 , 588
<br /> Other assets 21221. . - 2 , 221 2 ,438
<br /> Total assets $ 744 , 688 438 ,465 11183 , 153 1 , 169 , 964
<br /> Liabilities and Net Assets
<br /> Current liabilities :
<br /> Note payable to bank (note 6) 203000 - 20 , 000 -
<br /> Current installments of long-term debt
<br /> (note 6) 5 , 926 - 55926 -
<br /> Accounts payable and accrued
<br /> expenses 24 , 619 - 241619 95764
<br /> Due to clients 54533 - 5 , 533 3 , 743
<br /> Total current liabilities 56 , 078 - 56 , 078 13 , 507
<br /> Long-term debt (note 6) 17 , 185 - 17 , 185 -
<br /> Totalliabilities 73 ,263 - 73 ,263 13 , 507
<br /> Net assets :
<br /> Unrestricted 6715425 - 671 ,425 3585197
<br /> Temporarily restricted (note 9) - 438 , 465 4389465 798 ,260
<br /> 6715425 438 ,465 1 , 109 , 890 1 , 156 , 457
<br /> Commitment (note 7)
<br /> Total liabilities and net assets $ 744 , 688 438 ,465 1 , 183 , 153 1 , 169 , 964
<br /> See accompanying notes to financial statements .
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