Results & Financials
2016 Impact in Numbers
jobs
EDUCATIONAL OPPORTUNITIES FOR STUDENTS
MINORITY- OR WOMEN-OWNED/CONTROLLED BUSINESSES
GROCERY STORES AND OTHER HEALTHY FOOD OUTLETS
OF ENERGY CONSERVED AND CREATED
BENEFICIARIES OF SOCIAL SERVICE PROVIDERS
PEOPLE POSITIVELY IMPACTED
HOMES
Financial Summary
Managed assets increased by $81 million to $951 million. The increase was due primarily to receipt of $75 million from the U.S. Department of the Treasury’s CDFI Bond Guarantee Program and a new $7.8 million debt facility for lending in Baltimore.
Loans and leases outstanding hit a new high of $333.1 million at December 31, 2016, an increase of $37.4 million over prior year. Net recoveries were $56 thousand due to successful workouts.
Unrestricted net assets increased by $6 million to $67 million and consolidated net assets increased by $22 million to $173 million based on the strength of our operating and capital activities.
Transactions
Reinvestment Fund Financing Transactions Closed in Calendar Year 2016:
$134.6 Million
- 1530 Chestnut Street Mixed-Use Building (Philadelphia, PA)
- 60th Street Corridor Mixed-Use Properties (Philadelphia, PA)
- Aloft Hotel - Avenue of the Arts (Philadelphia, PA)
- Boulevard Theater (Baltimore, MD)
- Cast Iron Building (Philadelphia, PA)
- Constitution Health Medical Complex (Philadelphia, PA)
- CT Solar Loan I Portfolio (Various, CT)
- First Community Bancorp (New Haven, CT)
- Kobernick Anchin Benderson Senior Assisted-Living Facility (Sarasota, FL)
- LeadingAge Office Building (Washington, DC)
- Lion Brothers Building (Baltimore, MD)
- Maplewood Office Park Building (Ft. Washington, PA)
- Navy Yard Business Center (Philadelphia, PA)
- The Racquet Club (Philadelphia, PA)
- Twenty One Property Building (Baltimore, MD)
Total:
$19,901,070- Chester Charter School for the Arts (Chester, PA)
- Community Concern Childcare Center (Philadelphia, PA)
- Congreso de Latinos Unidos Administrative and Education Space (Philadelphia, PA)
- District of Columbia International School at Walter Reed (Washington, DC)
- Gary Comer College Prep High School (Chicago, IL)
- Keystone Academy Charter School (Philadelphia, PA)
- Learning Community Charter School (Jersey City, NJ)
- Menlo Park Academy Charter School (Cleveland, OH)
- Sheltering Arms Early Education and Family Center (Atlanta, GA)
- St. Paul on Fourth Street (Washington, DC)
- Urban Academy of Greater Pittsburgh Charter School (Pittsburgh, PA)
Total:
$52,908,175- C-Town Supermarket - Lehigh Ave (Philadelphia, PA)
- JR's Fresh Market (Egg Harbor Township, NJ)
- Kensington Community Food Co-op (Philadelphia, PA)
- Robert Fresh Market (New Orleans, LA)
- Save-a-Lot Food Store - Chew Avenue (Philadelphia, PA)
- Save-a-Lot Food Store (Moorseville, NC)
- Seabra Foods (Harrison, NJ)
Total:
$11,847,000- Centennial Village (Philadelphia, PA)
- East Liberty Development, Inc. Conservatorship Housing (Pittsburgh, PA)
- Foundry Place Apartments (Atlanta, GA)
- Greenmount West For-Sale Homes (Baltimore, MD)
- Homes for All at Toms River (Manchester, NJ)
- Homes for All Autumn Ridge at Manchester (Manchester, NJ)
- Innova Point Breeze Affordable Housing (Philadelphia, PA)
- Langdon Apartments (Washington, DC)
- McCleary School Condos (Pittsburgh, PA)
- New Jersey Community Capital Mortgage Purchase Program (Various, NJ)
- North Barclay Green Townhomes Phase II (Baltimore, MD)
- Station East Homes (Baltimore, MD)
- Talbot Village Condominium Townhomes (Montclair, NJ)
- The Senior Residence at St. Peter the Apostle (River Edge, NJ)
- West Philadelphia Real Estate Affordable Rental Housing (Philadelphia, PA)
Total:
$35,794,252- CASA of Philadelphia County (Philadelphia, PA)
- Family Stability Project (New Haven-Milford, CT)
- Housing Not Jail Program (Salt Lake City, UT)
- Jewish Community Center Metrowest (West Orange, NJ)
- Second Harvest Food Bank of Metrolina (Charlotte, NC)
Total:
$14,178,577Financial Review
