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2022 June WRF Financials
Jan - Jun, 2022 Jan - Jun, 2021 Change Income F41000 Other Types of Income F41300 Miscellaneous Income 333 333 F41700 Affiliate Income 5 74 (69) F41800 Rent-6229 CB Rd Property 4,897 (4,897) Total F41000 Other Types of Income 338 4,971 (4,633) F45000 Investments & Interest (27,855) 10,335 (38,191) Total Income (27,518)15,306 (42,823) Gross Profit (27,518)15,306 (42,823) Expenses F65000 Operations F65010 Credit Card Fees 28 (28) F65040 Office Supplies 480 420 60 F65060 Meeting Expense 123 (123) F65070 Insurance 1,564 1,492 72 F65080 Donations 500 (500) F65095 Maintenance-6229 Carolina Beach 3,186 (3,186) Total F65000 Operations 2,044 5,749 (3,705) F65100 Other Types of Expenses F65170 Miscellaneous Expense 50 (50) Total F65100 Other Types of Expenses 50 (50) F65130 Corning Credit Union-Interest 3,847 3,959 (112) Total Expenses 5,891 9,758 (3,867) Net Operating Income (33,408)5,548 (38,957) Net Income (33,408)5,548 (38,957) Wilmington REALTORS Foundation Profit and Loss January - June, 2022 6/30/2022 6/30/2021 Change ASSETS Current Assets Bank Accounts F10200 BB&T Operating Account -1437 36,561 28,595 7,965 F10300 Corning Credit Union-Checking 300 300 F10305 Corning Credit Union-Savings 5 5 Total F10300 Corning Credit Union-Checking 305 305 F10460 Stifel-Endowment Fund 153,657 181,383 (27,726) Total Bank Accounts 190,523 210,284 (19,761) Other Current Assets Earnest Money-6221 Carolina Beach Road 15,000 15,000 Earnest Money-6223 Carolina Beach Road 15,000 15,000 F11000 Accounts Receivable 50 50 F11350 Due to/from MLS (613) 613 Total Other Current Assets 30,050 (613)30,663 Total Current Assets 220,573 209,671 10,902 Fixed Assets F12000 6229 Carolina Beach Road 58,430 52,930 5,500 F12300 Land 105,860 105,860 F15000 Accumulated Depreciation (7,464) (6,107) (1,357) F19000 Other Assets - Pierson's Point 7,239 7,239 Total Fixed Assets 164,066 152,683 11,382 TOTAL ASSETS 384,638 362,354 22,284 LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts Payable F20000 Accounts Payable 5,500 5,500 Total Accounts Payable 5,500 5,500 Total Current Liabilities 5,500 5,500 Long-Term Liabilities F24900 Corning Credit Union 144,675 149,727 (5,053) Total Long-Term Liabilities 144,675 149,727 (5,053) Total Liabilities 150,175 149,727 447 Equity F24725 Community Action Fund Restr.4,954 4,954 F24730 FEED ILM 3,228 3,228 F24750 R Helping R ($10,000)29,716 41,716 (12,000) F30000 Members Equity 8,254 8,254 F32000 Retained Earnings 221,720 148,926 72,794 Net Income (33,408) 5,548 (38,957) Total Equity 234,464 212,627 21,837 TOTAL LIABILITIES AND EQUITY 384,638 362,354 22,284 Wilmington REALTORS Foundation Balance Sheet As of June 30, 2022