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Catalyst for growing ministries - one relationship at a time

Financials

Statements of Financial Position

    Dec. 31, 2011 Dec. 31, 2010 Dec. 31, 2009
     (Unaudited)         
ASSETS
Cash, time deposits and investments  $     36,388,608  $     37,963,752    $     40,798,395
Loans receivable, net        130,401,135        122,180,542          111,849,203
Other assets                              1,000,149          924,193           1,199,583
Total Assets  $  167,789,892  $  161,068,487    $  153,847,181
LIABILITIES AND NET ASSETS
Investment certificates  $   141,602,326  $   136,962,012    $   131,669,714
Other liabilities              312,794              307,847                271,538
Net Assets          25,874,773          23,798,628            21,905,929
Total Liabilities and Net Assets  $  167,789,892  $  161,068,487    $  153,847,181

 

The above is unaudited summary information prepared by management and is not a complete set of financial statements as required under U.S. Generally Accepted Accounting Principles. Please refer to Appendix A of our  Offering Circular for a complete set of audited financial statements.