Balance Sheet
Goodwill Industries of Greater New York and Northern New Jersey, Inc.
For the Year Ended June 30, 2006 (with comparative totals for 2005)
As of June 30, 2006
Goodwill Industries of Greater New York and Northern New Jersey, Inc.
Goodwill Industries Housing Consolidating Company, Inc. Eliminations $ 9,960 146,775 58,936 3,399,951 102,247 202,915 80,255 4,001,039 $ (205,851) $ (205,851)
Consolidated Total 2006 $ 1,413,525 10,601,395 155,000 61,358 1,420,903 890,931 13,809,995 20,383,659 472,370 102,247 202,915 638,657 80,255 50,233,210
Consolidated Total 2005 $ 3,839,423 8,764,276 187,270 49,677 1,429,158 683,926 14,199,267 18,399,985 389,773 101,139 168,549 588,687 79,496 48,880,626
ASSETS
Cash and Cash Equivalents Accounts Receivable, Net Pledges Receivable Interest Receivable Inventory Prepaid Expenses, Deferred Charges and Other Due From Affiliate Property and Equipment, Net Investments, at Market Value Investments, at Market Value – Deferred Compensation Mortgage Escrow Deposits Reserve for Replacements Security Deposits Held by Lessors Tenant Security Deposits Held $ 1,403,565 10,454,620 155,000 61,358 1,420,903 831,995 205,851 10,410,044 20,383,659 472,370 638,657 46,438,022
TOTAL ASSETS
$
$
$
$
LIABILITIES
Accounts Payable and Accrued Expenses Deferred Compensation Payable Payroll Taxes Payable Accrued Salaries Accrued Vacation Accrued Mortgage Interest Deferred Revenue/Due to Funding Source Mortgages Payable Notes Payable Tenant Security Deposits Payable $ 1,964,586 472,370 495,868 811,987 973,921 5,401,781 18,432 10,138,945 $ 366,482 1,112 5,119 9,415 21,768 4,120,938 80,255 4,605,089 $ (205,851) (205,851) $ 2,125,217 472,370 496,980 817,106 983,336 21,768 5,401,781 4,120,938 18,432 80,255 14,538,183 $ 2,098,575 389,773 536,402 1,618,154 1,124,921 21,866 6,986,327 4,220,307 39,381 79,496 17,115,202
TOTAL LIABILITIES
NET ASSETS
Unrestricted Temporarily Restricted Permanently Restricted 35,352,443 405,091 541,543 36,299,077 (604,050) (604,050) 34,748,393 405,091 541,543 35,695,027 31,085,353 346,936 __ 333,135 31,765,424
TOTAL NET ASSETS
TOTAL LIABILITIES AND NET ASSETS
$
46,438,022
$
4,001,039
$
(205,851)
$
50,233,210
$
48,880,626
Statement of Support, Revenue and Expense
Goodwill Industries of Greater New York and Northern New Jersey, Inc.
For the Year Ended June 30, 2006 (with comparative totals for 2005)
Year Ended June 30, 2006
Goodwill Industries of Greater New York and Northern New Jersey, Inc. Goodwill Industries Housing Company, Inc. Consolidated Total 2006 Consolidated Total 2005
Consolidating Eliminations
CHANGES IN UNRESTRICTED NET ASSETS PUBLIC SUPPORT AND REVENUE
Public Support Bequests and Legacies Contributions Sales of Contributed Goods Net Assets Released From Restrictions Total Public Support Governmental Support Fees and Grants From Governmental Agencies Total Governmental Support Other Revenue Industrial and Service Contracts Tenant Rent Investment Activity Other Total Other Revenue $ 12,450 481,250 21,222,142 391,845 22,107,687 34,757,482 34,757,482 33,306,742 2,465,110 496,578 36,268,430 93,133,599 $ 689,881 689,881 1,255,827 274,269 1,530,096 2,219,977 $ (58,096) (173,068) (231,164) (231,164) $ 12,450 481,250 21,222,142 391,845 22,107,687 35,447,363 35,447,363 33,306,742 1,197,731 2,465,110 597,779 37,567,362 95,122,412 $ 375,927 79,529 20,265,251 332,250 21,052,957 32,206,888 32,206,888 22,340,197 1,141,622 1,629,842 329,085 25,440,746 78,700,591
TOTAL UNRESTRICTED PUBLIC SUPPORT AND REVENUES EXPENSES
Industrial Operations Rehabilitation and Employment Services Management and Administration Other Supporting Services Fund Raising Residential Operations of Affiliate
51,080,287 32,661,014 5,376,075 176,593 186,671 89,480,640 3,652,959
173,068 2,036,828 2,209,896 10,081
(16,532) (27,593) (185,297) (788) (954) (231,164) -
51,063,755 32,633,421 5,363,846 175,805 185,717 2,036,828 91,459,372 3,663,040
39,140,767 28,214,206 4,926,019 148,418 171,728 1,941,371 74,542,509 4,158,082
TOTAL EXPENSES
Change in Unrestricted Net Assets
CHANGES IN TEMPORARILY RESTRICTED NET ASSETS
Contributions Net Assets Released From Restrictions Change in Temporarily Restricted Net Assets 450,000 (391,845) 58,155 450,000 (391,845) 58,155 188,480 (332,250) (143,770)
CHANGES IN PERMANENTLY RESTRICTED NET ASSETS
Contributions Change in Permanently Restricted Net Assets 208,408 208,408 3,919,522 32,379,555 $ 36,299,077 $ 10,081 (614,131) (604,050) $ $ 208,408 208,408 3,929,603 31,765,424 35,695,027 $ 333,135 333,135 4,347,447 27,417,977 31,765,424
CHANGE IN NET ASSETS
Net Assets—Beginning of Year
NET ASSETS—END OF YEAR
NOTE
This abbreviated report does not include the notes and supplemental schedules which are an integral part of the auditor’s report. A copy of Goodwill Industries’ audited financial statements for fiscal year 2006 is available upon request.