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PASSYUNK A V E N U E FINANCIAL POSITION
CORPORATION
REVITALIZATION
December 31, 2015
ASSETS
Current Assets
» Cash & Cash Equivalents $ 1,451,142
» Accounts Receivable 33,538
» Prepaid Expenses 29,628
» Note Receivable, Current 13,634
Total Current Assets 1,527,942
Non-Current Assets
» Property & Equipment 9,903,703
» Accumulated Depreciation (1,360,413)
Net Property & Equipment 8,543,290
Note Receiable, Long-Term 10,309
Financing Cost, Net of Accumulated Amortization of $3,137 for 2015 14,802
Total Assets $ 10,096,343
LIABILITIES & NET ASSETS
Current Liabilities
» Accounts Payable & Accured Expenses $ 34,155
» Deferred Revenue 8,574
» Current Portion of Long-Term Debt 52,361
Total Current Liabilities 95,090
Deposits 44,213
Long-Term Debt 2,312,603
Total Liabilities 2,451,906
Net Assets
» Unrestricted
• Undesignated 6,655,151
• Board Designated 989,286
Total Unrestricted 7,644,437
» Temporary Restricted -
Total Net Assets 7,644,437
Total Liabilities & Net Assets $ 10,096,343
PASSYUNK AVENUE REVITALIZATION CORPORATION | 1134 TITAN STREET | 215.551.5111
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