COLLABORATIVE SOLUTIONS FOR COMMUNITIES 2021 Financial Summary (Jan.1 – Dec. 31)
FINANCIAL REPORT
Liabilities & Net Assets: $3,715,617
Assets: $3,715,617
Net Assets $2,135,377
Other Assets $1,618,027
Liabilities $1,580,240
Cash and Cash Equivalents $2,097,590
Change in Net Assets:
Expenses: $6,274,842
Support and Revenue: $6,303,77
$28,936
Net Assets Beginning of Year:
$2,106,441
Net Assets End of Year: $ 2,135,377
Grants and Contracts $6,257,944
Program Services $6,161,166 Other Expenses $113,676
Other Revenue $45,834
The name change from Columbia Heights/Shaw Family Support Collaborative to Collaborative Solutions for Commu- nities has allowed the organization to increase revenue by working across the DC metropolitan area, USA, and globally. Even in the middle of the COVID-19 pandemic while many small nonprofit organizations were closed, CSC maintained the same amount of revenue compared to the previous year and provided the same services to the community.
Collaborative Solutions for Communities (CSC) is committed to efficient stewardship of assets on behalf of its grantors and donors. CSC and its Board of Directors work with the independent auditing firm of Bert Smith & Co. to ensure that management provides accurate and reliable financial information. The summarized financial reports above are based on 2021 audited financial statements.
Learn more about CSC at wearecsc.org.
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