Evidence version 1 · financial statements
Audited financial statements, fiscal year 2025 (summary)
Showing evidence version 1 (ev_riverbend_1), the deal's active version.
A synthetic document, split into the passages a draft memo can quote. The table below lists the facts the checks read from it, each with the passage that states it. The deal and its documents · Evidence versions.
Revenue and expenses
Total revenue for fiscal year 2025 was $4.1 million, of which $0.7 million was rental income, $2.8 million was contributions and grants, and $0.6 million was ground lease and program fees. Total expenses were $3.6 million.
cited as financials-fy2025/fs-1
Net assets and liquidity
Net assets at year end were $6.9 million, including $1.4 million without donor restrictions. Cash and equivalents were $0.9 million, equal to about three months of operating expenses.
cited as financials-fy2025/fs-2
Debt and coverage
Outstanding debt at year end was $5.2 million across two lenders. Debt service coverage for the rental portfolio was 1.32x for fiscal year 2025 and 1.28x for fiscal year 2024.
cited as financials-fy2025/fs-3
Auditor's opinion
The independent auditor issued an unmodified opinion on the fiscal year 2025 financial statements. No material weaknesses in internal control were reported.
cited as financials-fy2025/fs-4
Facts the checks read from this document
Wide table: scroll sideways to see every column.
| Fact | Value | Stated in |
|---|---|---|
| Total revenue stored as revenue | $4,100,000 | Revenue and expenses |
| Net assets stored as net_assets | $6,900,000 | Net assets and liquidity |
| Debt service coverage stored as dscr | 1.32x | Debt and coverage |
| Outstanding debt stored as outstanding_debt | $5,200,000 | Debt and coverage |
| Auditor's opinion stored as audit_opinion | unmodified | Auditor's opinion |