Adult Day Center of Somerset County
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2006 Statement of Financial Position
December 31
2006
2005
ASSETS    

Cash and cash equivalents
Receivables
Fixed assets
Security deposit
Other
TOTAL ASSETS

$331,716
72,483
7,557
2,566
2,962
$417,284

$220,083
24,283
6,834
2,566
--
$253,766

LIABILITIES AND NET ASSETS
LIABILITIES
Accounts payable and accrued expenses
Bank credit line
TOTAL LIABILITIES

NET ASSETS

$12,575
11,472
$24,047
$5,800
--
$5,800
Unrestricted
Temporarily restricted
TOTAL NET ASSETS
38,812
354,425
393,237		 54,797
193,169
247,966
TOTAL LIABILITIES AND NET ASSETS
 $417,284 $253,766

 

2006 Statement of Activities
December 31
2006
2005
INCOME
Grants from government agencies
Indirect public support
Contributions
Special events
Client fees
Capital campaign donations
Interest and dividend income
Other
TOTAL INCOME

$377,298
184,000
77,718
124,475
117,593
154,947
4,921
--
1,040,952

$382,515
184,000
107,920
82,419
103,692
72,260
788
875
934,469
EXPENSES
Program service expense
Management and general
Fundraising
TOTAL EXPENSES
662,819
151,018
81,844
895,681		 658,574
149,356
82,870
890,800

INCREASE (DECREASE) IN NET ASSETS
NET ASSETS, BEGINNING OF YEAR
NET ASSETS, END OF YEAR

 145,271
247,966
$ 393,237
 43,669
204,297
$ 247,966

 

120 Finderne Avenue • Bridgewater, New Jersey 08807 • Phone: 908-725-0068 • Fax: 908-725-2995 • E-Mail: info@adultdaycenter.org