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UNITED CHURCH HOMES FINANCIAL HIGHLIGHTS
Financial Highlights provides a general overview of the financial status of United Church Homes. The Balance Sheet and Income Statement reflect information for United Church Homes, Inc. only. They do not include the balances and income information from our for-profit subsidiary (United Church Homes Management, Inc.) or any of our Housing subsidiaries. The format as presented is not intended to comply with all GAAP requirements and as such does not. For further information contact John Stoner, Vice President — Financial Services at JStoner@uchinc.org.
| Financial Statement Recap |
 |
|
|
| |
12/31/05 |
12/31/06 |
| Cash & Equivalents |
25,545,000 |
25,532,000 |
 |
| Fixed Assets, net |
47,175,000 |
46,394,000 |
|
| Other Assets |
31,636,000 |
36,220,000 |
|
| Total Assets |
104,356,000 |
108,146,000 |
|
| Debt—Long Term |
44,624,000 |
42,277,000 |
|
| Other Liabilities and Deferred Revenues |
17,244,000 |
18,723,000 |
|
| Net Assets |
42,488,000 |
47,624,000 |
|
| Total Liabilities, Deferred Revenues & Net Assets |
104,356,000 |
108,624,000 |
|
| |
(12 mos) |
(12 mos) |
| Net Revenues |
72,040,000 |
73,062,000 |
|
| Less: Expenses |
69,623,000 |
72,629,000 |
|
| Net Operating Income/(Expense) |
2,417,000 |
433,000 |
|
| Other Income/Expense—Gift Planning—Investments |
2,567,000 |
2,368,000 |
|
| Revenues over Expenses |
4,984,000 |
2,801,000 |
|
| Description |
Target |
UCH
(as of 12/31/06) |
| Days Cash on Hand = >> |
140 |
136 |
|
| Debt Service Coverage Ratio = >> |
2.87 |
2.37 |
|
| Operating Ratio = >> |
1.09 |
1.06 |
|
| Leverage Ratio = << |
1.43 |
1.22 |
|
| Operating Leverage Ratio = << |
4.05 |
4.50 |
|
>> Ratio should exceed and increase
<< Ratio should be less than and decrease |
|
