Results & Financials
2015 Impact in Numbers
jobs
EDUCATION OPPORTUNITIES FOR STUDENTS
BUSINESSES
SUPERMARKETS, GROCERY STORES AND FRESH FOOD RETAIL
OF ENERGY CONSERVED AND CREATED
ANNUAL PATIENT VISITS
PEOPLE POSITIVELY IMPACTED
HOMES
Transactions
Reinvestment Fund Financing Transactions Closed in Calendar Year 2015:
$223.8 Million- 60th Street Commercial Corridor (Philadelphia, PA)
- Albany Avenue Shopping Plaza (Hartford, CT)
- Azcon Riverfront (Pittsburgh, PA)
- Bayard Building (Baltimore, MD)
- City of Asylum, Alphabet City Center (Pittsburgh, PA)
- Cobblestone Hotel (Connellsville, PA)
- Ecosave, Linden Office Park (Jenkintown, PA)
- Historic East Baltimore Community Action Coalition (Baltimore, MD)
- Lion Brothers Building (Baltimore, MD)
- Open Works (Baltimore, MD)
- Parkway Film Center (Baltimore, MD)
- Pythian Building (New Orleans, LA)
- Reading Recreation Company (Reading, PA)
- Renew Financial Energy Portfolio (CA)
- Shoppes at Wissinoming Plaza (Philadelphia, PA)
- Shops at Hiester Lane (Reading, PA)
- Villita Artes (Orange, NJ)
Total:
$66,013,727- Grays Ferry Education and Wellness Center (Philadelphia, PA)
- Fifth Street Shelter (Washington, D.C.)
- Project Welcome Home (Santa Clara, CA)
Total:
$13,245,313- Achievement Preparatory Charter School (Washington, D.C.)
- Emory & Henry College School of Health Sciences (Emory, VA)
- Empowerment Academy Charter School (Jersey City, NJ)
- Great Oaks Charter School (Newark, NJ)
- Kinder Academy Child Care Center (Philadelphia, PA)
- KIPP Cooper Norcross Academy Charter School (Camden, NJ)
- KIPP Team Academy Charter School (Newark, NJ)
- Leaguers Headquarters (Newark, NJ)
- Lehigh Valley Charter High School for the Performing Arts (Bethlehem, PA)
- North Star Academy (Newark, NJ)
- Sankofa Freedom Academy Charter School (Philadelphia, PA)
- Tech Freire Charter School (Philadelphia, PA)
- Urban Academy of Greater Pittsburgh Charter School (Pittsburgh, PA)
Total:
$85,778,060- Brown’s Parkside and Haverford ShopRites (Philadelphia, PA)
- Great Valu Supermarket (Philadelphia, PA)
- Honor Capital Save-A-Lot (Winfield, KS)
- JR's Fresh Market (Egg Harbor Township, NJ)
- Kroger Marketplace (Atlanta, GA)
- Nelly’s Deli and Grocery (Trenton, NJ)
- Newark Farmer's Market Produce and Meat Distribution (Newark, NJ)
- Passaic ShopRite Supermarket (Passaic, NJ)
- Philadelphia Save-A-Lot, four stores (Philadelphia, PA)
- Whole Foods at Hahnes (Newark, NJ)
Total:
$31,930,150- Alexandria Neighborhood Health Services (Alexandria, VA)
- Ecosave, Chandler Hall Assisted Living Facility (Newtown, PA)
- Gaudenzia Integrity House (York, PA)
- Hudson River Healthcare (Peeksill, NY)
- Primary Health Network (Sharon, PA)
Total:
$11,426,057- Apartments at the Mill (Burlington, NJ)
- CARE Housing (Baltimore, MD)
- Centennial Village (Philadelphia, PA)
- Fallstaff Apartments (Baltimore, MD)
- Innova South City Gardens (Philadelphia, PA)
- Mt. Vernon Manor II (Philadelphia, PA)
- Randolph Towers Cooperative (Washington, D.C.)
- Rittenhouse Claridge, EnergyWorks (Philadelphia, PA)
- St. Joseph's Carpenter Society Community Links Housing (Camden, NJ)
- Station East Housing (Baltimore, MD)
- The One on Carey Street (Baltimore, MD)
Total:
$15,382,689Financial Summary
Capital under management increased by $82 million to $870 million. The increase was due primarily to receipt of $65 million in New Markets Tax Credits allocation from the U.S. Department of the Treasury and new capital of $54 million, including $10 million from a new debt facility with the Federal Home Loan Bank of Pittsburgh.
Loans and leases outstanding hit a new high of $295.7 million at December 31, 2015, an increase of $62.4 million over the prior year.
Unrestricted net assets increased by $8 million to $61 million and consolidated net assets increased by $1.5 million to $151 million based on the strength of our operating and capital activities.
Financial Review
