DUPAGE P.A.D.S., INC. AND SUBSIDIARY CONSOLIDATED ...

1 DUPAGE , INC. AND SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2018 AND 2017 TOGETHER WITH AUDITOR'S report -, Dugan .:~ I Lopatka To the Board of Directors of Certified Public Accountants 4320 WINFIELD ROAD, SUITE 450 WARRENVILLE, IL 60555 630 665 4440 INDEPENDENT AUDITOR'S report DUPAGE , Inc. and SUBSIDIARY We have audited the accompanying CONSOLIDATED financial statements of DUPAGE , Inc. and SUBSIDIARY (the Organization) which comprise the CONSOLIDATED statement of financial position as of June 30, 2018 and 2017, and the related CONSOLIDATED statements of activities, cash flows and functional expenses for the years then ended, and the related notes to the CONSOLIDATED financial statements.

2 Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these CONSOLIDATED financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these CONSOLIDATED financial statements based on our audits.

3 We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the CONSOLIDATED financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the CONSOLIDATED financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the CONSOLIDATED financial statements, whether due to fraud or e1 Tor.

4 In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the CONSOLIDATED financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the CONSOLIDATED financial statements.

5 We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 'MEMBER INPACT INTERNATIONAL ALLIANCE OF PROFESSIONAL ACCOUNTANTS To the Board of Directors of DUPAGE , Inc. and SUBSIDIARY Page2 Opinion In our opinion, the accompanying CONSOLIDATED financial statements referred to above present fairly, in all material respects, the financial position of DUPAGE , Inc. and SUBSIDIARY as of June 30, 2018 and 2017, and the changes in their net assets and their cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

6 Warrenville, Illinois October 29, 2018 DUGAN & LOPATKA DUPAGE .. INC. AND SUBSIDIARY CONSOLIDATED STATEMENT OF FINANCIAL POSITION JUNE 30, 2018 AND 2017 2018 ASSETS CURRENT ASSETS: Cash and cash equivalents - Unrestricted $ 2,269,140 - Temporarily restricted 99,972 -Escrow accounts 55,945 Investments 195,164 Receivables 358,530 Prepaid expenses 39,138 Total current assets 3,017,889 PROPERTY AND EQUIPMENT: Capital assets, at cost, less accumulated depreciation 2,449,385 NON-CURRENT ASSETS: Security deposits 38,107 $ 5,505,381 LIABILITIES AND NET ASSETS CURRENT LIABILITIES: Notes payable, current maturities $ 28,750 Accounts payable and accrued expenses 190,502 Deferred revenue 39,915 Total current liabilities 259,167 NOTES PAY ABLE, net of current maturities 796,720 Total liabilities 1,055,887 NET ASSETS: Unrestricted - Undesignated 3,160,974 -Board designated 251,000 Temporarily restricted 1,037,520 Total net assets 4,449,494 $ 5,505,381 The accompanying notes are an integral part of this statement.

7 EXHIBIT l 2017 $ 1,899,276 70,970 61,195 171,719 192,195 40,088 2,435,443 2,479,692 26,439 $ 4,941,574 $ 28,750 143,923 46,155 218,828 823,868 1,042,696 2,639,360 251,000 1,008,518 3,898,878 $ 4,941,574 SUPPORT AND REVENUE: Contributions Grants -'United Way Special events, net of direct expense of $78,557 and $88,344 in 2018 and 2017, respectively Program service fees In-kind revenue Investment return Rental income Release from restrictions Total supp01i and revenue DUPAGE , INC. AND SUBSIDIARY CONSOLIDATED STATEMENT OF ACTIVITIES FOR THE YEARS ENDED JUNE 30, 2018 AND 2017 2018 Temporarily Unrestricted Restricted Total $ 1,442,595 $ 108,500 $ 1,551,095 1,986,158 -1,986,158 87,466 -87,466 620,121 620,121 158,061 -158,061 968,787 -968,787 17,643 -17,643 116,006 -116,006 79,498 (79,498) -_J_____l,476,335 $ 29,002 $ 5,505,337 Unrestricted $ 1,063,079 1,770,910 90,340 534,743 144,741 1,023,319 19,636 108,381 56,712 $ 4,811,861 The accompanying notes are an integral paii of this statement.

8 2017 Temporarily Restricted $ 55,019 ------(56,712) $ (1,_693) $ EXHIBIT2 Page 1 of2 Total 1,118,098 1,770,910 90,340 534,743 144,741 1,023,319 19,636 108,381 $ 4,810,168 FUNCTIONAL EXPENSES: Program -Client Service Center Interim Housing Permanent Supportive Housing DUPAGE Housing Solutions Total program expense Management and general Fundraising Total functional expenses CHANGE IN NET ASSETS NET ASSETS, Beginning of the year NET ASSETS, End of year DUPAGE , INC. AND SUBSIDIARY CONSOLIDATED ST A TEMENT OF ACTIVITIES FOR THE YEARS ENDED JUNE 30, 2018 AND 2017 2018 Temporarily Unrestricted Restricted Total $ 1,003,648 $ -$ 1,003,648 976,558 -976,558 1,987,489 -1,987,489 156,003 -156,003 4,123,698 -4,123,698 119,556 -119,556 711,467 -711,467 4,954,721 -4,954,721 521,614 29,002 550,616 2,890,360 1,008,518 3,898,878 $ 3,411,974 $ 1,037,520 $ 4,449,494 Unrestricted $ 935,112 1,011,116 1,711,512 135,704 3,793,444 89,107 686,886 4,569,437 242,424 2,647,936 $ 2,890,360 The accompanying notes are an integral pati of this statement.

9 2017 Temporarily Restricted $ --------(1,693) 1,010,21 I $ 1,008,518 $ EXHIBIT2 Page 2 of2 Total 935,112 1,011,116 1,711,512 135,704 3,793,444 89, l 07 686,886 4,569,437 240,731 3,658,147 $ 3,898,878 DUPAGE , INC. AND SUBSIDIARY CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEARS ENDED JUNE 30, 2018 AND 2017 CASH FLOWS FROM OPERATING ACTIVITIES: Change in total net assets $ Adjustments to reconcile change in total net assets to net cash provided by operating activities: Depreciation Realized and unrealized (gain) on investments Changes in assets and liabilities: (Increase) decrease in receivables Decrease in prepaid expenses (Increase) in security deposits Increase in accounts payable and accrued expenses (Decrease) in defen-ed revenue Total adjustments Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of investments Purchases of property and equipment Net cash (used in) investing activities CASH FLOWS FROM FINANCING ACTIVITIES.

10 Payments on note payable NET CHANGE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, Beginning of year CASH AND CASH EQUIVALENTS, End of year $ 2018 550,616 103,734 (11,919) (166,335) 950 (11,668) 46,579 (6,240) (44,899) 505,717 (11,526) (73,427) (84,953) (27,148) 393,616 2,031,441 2,425,057 The accompanying notes are an integral part of this statement. EXHIBIT3 2017 $ 240,731 105,210 (15,638) 258,929 72 (5,483) 38,612 (11,066) 370,636 611,367 (1,321) (1,321) (28,750) 581,296 1,450,145 $ 2,031,441 EXHIBIT4 Page 1 of2 DUPAGE , INC. AND SUBSIDIARY CONSOLIDATED STATEMENT OF FUNCTIONAL EXPENSES FOR_THEYEAR END_ED JlJNE 30,2018 Program Services SuEEorting Services Client Pennanent DUPAGE Total Management Service Interim Supportive Housing Program and Center Housing Housin~ Solutions Services General Fundraising Total FUNCTIONAL EXPENSES.