FY 2017

common capital fY 2017Businesses Financed

Name LocatioN DescriptioN ACD Fitness Center Greenfield Fitness GymAssemble Northampton Furniture/Art StudioAuntie Elsie’s Oatmeal Crisps Belchertown Gourmet CookiesAutentica Mexican South Hadley Mexican RestaurantCozy Corner Enterprise Amherst LaundromatDevelopSpringfield Springfield Nonprofit Neighborhood RejuvenationDevine Designs Unisex Salon Springfield Beauty SalonDivine Elegance Agawam Beauty Boutique and SpaGamelli Vending East Longmeadow Vending MachinesGentlemen Painting Pittsfield Painting ServicesHampshire Antique Furniture Northampton Antique Furniture SalesHero Men’s Gear Northampton Men’s Apparel and AccessoriesHitpoint Springfield Video Game DeveloperJ&B Fleet Maintenance East Longmeadow Mechanic ServicesJC Williams Community Center Springfield Neighborhood Community CenterLittle Ark Family Daycare Holyoke DaycareMary Ann’s Dance and More Easthampton Retail ShopMountain Pet Products Orange Pet ProductsMovement Terrain Wilbraham Fitness GymMuseum Fascimiles Pittsfield Picture Framing and GiftsPan’e Dolcetti Wilbraham Italian Pastries and Coffee ShopProfound Sound Voice Studio Florence Voice StudioShea Theatre Arts Center Turners Falls Theater and Entertainment FacilitySkyline Trading Company Westfield Homebrew Supply & RestaurantSpirit of the Heart Northampton Martial Arts TrainingThe Quarters Hadley Food & Entertainment FacilityUnique Styles Greenfield Beauty SalonVega Yoga & Movement Arts Holyoke Yoga InstructionWhite Glove Cleaning Services East Longmeadow Cleaning ServicesWilbraham Flowers Wilbraham Flower Shop

Financial Support Provided By Berkshire BankCountry BankFlorence Savings BankGreenfield Co-operative BankKey BankMassachusetts Executive Office

of Housing and Economic Development

Monson Savings BankPeoplesBankPeople’s United Bank

Community FoundationSam Adams Brewing the

American DreamSantander BankU.S. Economic Development

AdministrationU.S. Small Business

AdministrationU.S. Treasury CDFI FundWestfield Bank

2017 2016 ASSETS Current Assets: Cash – operating $413,387 $1,067,019 Cash – lending 245,394 293,897 Grants and accounts receivable 221,210 200,268 Loans receivable – due within one year 561,664 687,948 Interest receivable 21,132 16,919 Prepaid expense 2,537 6,703 Total Current Assets $1,465,324 2,272,754

Property and Equipment: Equipment 32,500 28,266 Software 29,950 29,950 Less – accumulated depreciation (57,686) (55,561) Total Property and Equipment 4,764 2,655

Other Assets: Cash – revolving loan funds 442,708 910,588 Loans receivable – due after one year 4,034,924 3,338,507 Contribution receivable – after one year 144,363 0 Security deposits 2,329 2,329 Investment 53,179 53,358 Total Other Assets 4,677,503 4,304,782

TOTAL ASSETS $6,147,591 $6,580,191

LIABILITIES AND NET ASSETS Current Liabilities: Accounts payable $9,230 $1,306 Accrued expenses 130,762 76,554 Lines of Credit 370,255 182,430 Deferred revenue 1,042 0 Total Current Liabilities 882,117 713,010 Long-Term Liabilities: Long-term debt – due after one year 1,035,754 1,304,588 Total Liabilities 1,917,871 2,017,598

Net Assets Unrestricted 3,935,357 4,412,593 Temporarily restricted 294,363 150,000 Total Net Assets 4,229,720 4,562,593 TOTAL LIABILITIES AND NET ASSETS $6,147,591 $6,580,191

Support and Revenue: Grant income $271,261 $495,000 Contract income 123,580 202,403 Contributions 284,161 81,866 Interest income and fees 287,269 263,074 In-kind income 180 1,781 Investment gain (loss) 1,865 4,707 Total Support and Revenue 968,316 1,048,831 Expense: Program 993,459 829,399 Administrative 209,217 138,880 Total Expense 1,202,676 968,279 Change in Net Assets (332,873) 80,552 Net assets – beginning of year 4,562,593 4,482,041 Net assets – end of year $4,229,720 $4,562,593

Board of directorsfY 2017Tim Brennan, Board TreasurerPioneer Valley Planning Commission Jonathan DaenAustralis Aquaculture

Pascale DesirWay Finders, Inc. Linda DunlavyFranklin Regional Council of Governments Peter Gagliardi Way Finders, Inc. Jim Hickson, Board PresidentBerkshire Bank Clare Higgins Community Action Samalid HoganMA Small Business Development Center Jan Klausner-WiseOffice of retired MA Representative Ellen Story Sarah la CourAmherst Business Improvement Disctrict Jay LeonardBabson Capital Wilfredo LopezNAI Plotkin Frank Robinson Partners for a Healthier Community Ira Rubenzahl, Board Clerk Springfield Technical Community College (retired) Kevin Sweeney Sweeney Strategic Consulting

common capital fY 2017Statement of Financial Position and Activities

June 30, 2017 with comparative totals for 2016

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Common Capital is an equal opportunity employer and provider

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