COLLABORATIVE SOLUTIONS FOR COMMUNITIES
FINANCIAL REPORT
2020 Financial Summary (Jan.1 – Dec. 31)
Assets: $3,224,545
Liabilities & Net Assets: $3,224,545
55%
55%
45%
45%
Other Assets $1,474,922
Cash and Cash Equivalents $1,749,623
Net Assets $2,106,441
Liabilities $1,118,104
Support and Revenue: $6,504,145
Expenses: $6,503,960
Change in Net Assets:
$185
98%
98%
Net Assets Beginning of Year:
$2,106,256
Grants and Contracts $6,368,114
Program Services $6,376,826 Other Expenses $127,134
Net Assets End of Year: $2,106,441
Other Revenue $136,001
Collaborative Solutions for Communities (CSC) is committed to efficient stewardship of assets on behalf of its funders and donors. CSC and its Board of Directors work with the independent auditing firm, Bert Smith & Co. to ensure accurate and reliable financial information. The summarized financial reports are based on 2016-2020 audited financial statements.
The name change from Columbia Heights/Shaw Family Support Collaborative to Collaborative Solutions for Communities has allowed the organization to increase revenue by working across the DC metropolitan area, USA, and globally. Since 2015, CSC has increased its revenue by more than $2 million. By the end of 2020 the fund balance had increased from less than $1 million to more than $2 million. Learn more about CSC at WeAreCSC.org.
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