Financial Summary
Financial summary at June 30, 2003
Condensed consolidated statement of financial position
| ASSETS |
2003 |
2002 |
Cash and investments
Government grants receivable
Pledges receivable
Property and equipment
Other assets |
$ 3,066,602
2,927,105
1,110,093
8,247,160
1,208,427 |
$ 2,405,710
2,391,313
1,145,420
9,410,224
1,216,116
|
| TOTAL ASSETS |
$ 16,559,387 |
$ 16,568,783 |
|
|
|
| LIABILITIES AND NET ASSETS |
|
|
Government contract and advances
Other liabilities |
1,276,725
1,656,301 |
2,073,708
1,307,349 |
Total liabilities
Net assets
|
2,933,026
13,626,361 |
3,381,057
13,187,726 |
| TOTAL LIABILITIES AND NET ASSETS |
$ 16,559,387 |
$ 16,568,783 |
Condensed statement of activities and changes in net assets
| SUPPORT AND REVENUE |
2003 |
2002 |
Contributions
Special events
Government contracts
Other revenue
|
$ 7,880,698
5,576,661
10,060,368
1,778,112 |
$ 8,801,182
5,859,012
7,874,484
2,181,612 |
| Total support and revenue |
$ 25,295,839 |
$ 24,716,290 |
| |
|
|
| EXPENSES |
|
|
Program services
Supporting services
Fund raising
|
20,198,870
912,537
3,745,798
|
18,149,838
1,231,613
3,947,422
|
| TOTAL EXPENSES |
$ 24,857,205 |
$ 23,328,873 |
| |
|
|
Change in net assets
Net assets, beginning of year
|
438,634
13,187,726 |
1,387,417
11,800,309 |
| NET ASSETS, END OF YEAR |
13,626,360 |
13,187,726 |
The consolidated statement of financial position of Gay Men’s
Health Crisis, Inc. and affiliates as of June 30, 2003 and 2002, and
the related consolidated statements of activities and changes in net
assets, and of cash flows for the years then ended, were audited by
Mitchell and Titus, LLP. The condensed consolidated financial statements
have been derived from the consolidated audited financial statements.
Copies of the audit reports and the complete consolidated financial
statements are available upon request to the GMHC Financial Department,
at The Tisch Building, 119 West 24th Street, New York, NY 10011.
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