building stronger communities one small business at a time

FY 20

15Common Capital is an equal opportunity employer and provider

FY 2015 Board of Directors

2015 2014 ASSETS Current Assets: Cash-operating $991,690 $342,919 Cash-lending 1,048,881 369,980 Grants and accounts receivable 249,328 577,223 Loans receivable – due within one year 875,501 1,414,129 Interest receivable 16,165 15,470 Prepaid expense 4,069 14,457 Total Current Assets 3,185,634 2,734,178 Property and Equipment: Equipment 26,557 42,686 Software 29,950 29,950 Less – accumulated depreciation (54,097) (70,385) Total Property and Equipment 2,410 2,251 Other Assets: Cash – revolving loan funds 990,920 915,812 Loans receivable – due after one year 2,427,365 2,128,654 Security deposits 2,329 2,369 Investment 48,651 62,962 Total Other Assets 3,469,265 3,109,797 TOTAL ASSETS $6,657,309 $5,846,226

Common Capital FY 2015Statement of Financial Position and ActivitiesJune 30, 2015 with comparative totals for 2014

2015 2014 LIABILITIES AND NET ASSETS Current Liabilities: Accounts payable $2,184 $7,214 Accrued expenses 78,873 72,477 Deferred revenue 60,000 0 Long-term debt – due within one year 361,945 246,423 Total Current Liabilities 503,002 326,114 Long-Term Liabilities: Long-term debt – due after one year 1,472,266 1,462,234 Other Liability 200,000 300,000 Total Long-Term Liabilities 1,672,266 1,762,234 Total Liabilities 2,175,268 2,088,348Net Assets Unrestricted 4,482,041 3,685,743 Temporarily restricted 0 72,135 TOTAL LIABILITIES AND NET ASSETS $6,657,309 $5,846,226

Support and Revenue: Grant income $1,348,718 $225,000 Contract income 115,389 149,738 Contributions 52,960 68,250 Interest income and fees 277,073 268,961 New Markets Tax Credit fees 0 117,023 Other Income 24,525 53,110 In-kind income 1,320 4,921 Investment gain (loss) (13,272) 3,206 Total Support and Revenue 1,806,713 890,209 Expense: Program 896,767 656,351 Administrative 185,783 222,075 Total Expense 1,082,550 878,426 Change in Net Assets 724,163 11,783 Net assets – beginning of year 3,757,878 3,746,095 Net assets – end of year $4,482,041 $3,757,878

Funder & Supporter liSt

Financial Support Provided By Berkshire BankFirst Niagara Bank FoundationFlorence savings BankFreedom credit UnionGreenfield Co-operative BankGreenfield Savings BankMassachusetts Office of Business Developmentmassmutual Financial GroupMGM SpringfieldpeoplesBanksam adams Brewing the american DreamtD Bank charitable FoundationUnited BankU.s. Department of agricultureU.s. economic Development administrationU.s. small Business administrationU.s. treasury cDFi FundWebster BankWestfield Bank

anonymous (11)michael abbateLee Badgettraymond Belangertimothy Brennancapital market teammarlynn claytonHenry c. and melinda m. cropseyregina curtis and mark maynardBelden & pamela DanielsKelly erwinDeborah FavreauBarry Feingold and marci YossJoel FeinmanKaren and andrew FiskFrances Fund, inc.adele Frankspeter GagliardiJack Golden and Lisa Limontcleo Gormanarlen GouldJames HicksonDaniel Hodge and Lucille schmidtinnovation path, inc.rita Jarosterry KayneJanet Klausner-WiseJoshua Knoxelizabeth KroghJennifer LaddHenry LappenBarry Levy and Jackie WolfDebbie Lynangalechristopher and sue mastroianniJoan and steven NarmontasNew england annual conference of

the United methodist church samuel ortizJeffrey rosen

Daniel rosenberg and addie Hollandthomas schwabGarth shaneyfeltLeon and Nancy shatkinWalter shawchristopher sikesMichele Spring-Mooresustainability Grouptemenos retreat centerJeanette VoasBeverly Weeksmary WhalenWheelock Whitneymartin Wohl

2015 2014 LIABILITIES AND NET ASSETS Current Liabilities: Accounts payable $2,184 $7,214 Accrued expenses 78,873 72,477 Deferred revenue 60,000 0 Long-term debt – due within one year 361,945 246,423 Total Current Liabilities 503,002 326,114 Long-Term Liabilities: Long-term debt – due after one year 1,472,266 1,462,234 Other Liability 200,000 300,000 Total Long-Term Liabilities 1,672,266 1,762,234 Total Liabilities 2,175,268 2,088,348Net Assets Unrestricted 4,482,041 3,685,743 Temporarily restricted 0 72,135 TOTAL LIABILITIES AND NET ASSETS $6,657,309 $5,846,226

Support and Revenue: Grant income $1,348,718 $225,000 Contract income 115,389 149,738 Contributions 52,960 68,250 Interest income and fees 277,073 268,961 New Markets Tax Credit fees 0 117,023 Other Income 24,525 53,110 In-kind income 1,320 4,921 Investment gain (loss) (13,272) 3,206 Total Support and Revenue 1,806,713 890,209 Expense: Program 896,767 656,351 Administrative 185,783 222,075 Total Expense 1,082,550 878,426 Change in Net Assets 724,163 11,783 Net assets – beginning of year 3,757,878 3,746,095 Net assets – end of year $4,482,041 $3,757,878

Community First Fund Investors

Name LocatioN DescriptioNAmbiance Hair Replacement Agawam Hair Care ServiceAngela’s Hair Salon Westfield Hair SalonAuto Custom Leathers Ludlow Auto Interior ManufacturingBanh Mi Saigon Northampton Vietnamese RestaurantCamp K-9 Westfield Pet Day CareCarpaccio Springfield Italian RestaurantCB Electric Springfield Electrical ContractorFratelli’s Restaurant Amherst Italian RestaurantGMT Construction & Painting Sterling Paint ContractorJanik’s Pierogi Café Westfield Polish RestaurantLong Plain Farm Whately Vegetable FarmMi Tierra Hadley Mexican RestaurantNick Cerio’s Kenpo Millbury Karate StudioO-MI Market Springfield Oriental GroceryPlay Date Place South Hadley Child Play SpaceQuabbin Harvest Orange Cooperative GrocerySimply Divine Beauty Lounge Springfield Beauty SalonThe Label Group Springfield Print ShopThe Magic Spoon Monson CateringWhite Lion Brewing Springfield Craft Brewery

Common Capital FY 2015 Businesses Financed Allan Blair

EDC of Western Massachusetts Tim Brennan, Board TreasurerPioneer Valley Planning Commission Jonathan DaenAustralis Aquaculture Peter Gagliardi, Board Clerk HAP, Inc. Jim Hickson, Board PresidentBerkshire Bank Clare Higgins Community Action Samalid HoganCoWork Springfield Jan Klausner-WiseOffice of MA Representative Ellen Story Georgianna Parkin, Board Vice-PresidentMA Small Business Development Center Frank Robinson Partners For A Healthier Community Ira Rubenzahl Springfield Technical Community College Joseph SteigLong River Ventures Kevin Sweeney Sweeney Strategic Consulting

FY 2015 Board of Directors