UNRESTRICTED	TEMPORARILY RESTRICTED	PERMANENTLY RESTRICTED	JUNE 30, 2007 TOTAL	JUNE 30, 2006 TOTAL
ASSETS
Cash and cash equivalents	$ 55,070	$ 237,346	$ -	$ 292,416	$ 1,532,780
Contributions receivable	40,756	638,750	-	679,506	364,853
Accounts, notes and income receivable	31,094	922	197,475	229,491	148,879
Prepaid expenses	136,616	-	-	136,616	128,610
Land, buildings and equipment, net of accumulated depreciation of $568,470	614,105	-	-	614,105	629,763
Long-term note receivable	241,833	-	-	241,833	252,776
Long-term investments	6,272,811	412,773	12,984	6,698,568	5,642,451
Beneficial interest in perpetual trust	-	-	42,284,332	42,284,332	38,447,381
TOTAL ASSETS	$ 7,392,285	$ 1,289,791	$ 42,494,791	$ 51,176,867	$ 47,147,493
LIABILITIES AND NET ASSETS
Lease payable	$ 21,792	$ -	$ -	$ 21,792	$ 41,681
Accounts payable	118,335	6,250	-	124,585	74,383
Accrued liabilities	221,831	71	-	221,902	174,697
Total liabilities	361,958	6,321	-	368,279	290,761
Net assets	7,030,327	1,283,470	42,494,791	50,808,588	46,856,692
TOTAL LIABILITIES AND NET ASSETS	$ 7,392,285	$ 1,289,791	$ 42,494,791	$ 51,176,867	$ 47,147,453

Community Renewal Society and Subsidiaries
Consolidated Statement of Activities
For the Year Ended June 30, 2007 and 2006

	UNRESTRICTED	TEMPORARILY RESTRICTED	PEMANENTLY RESTRICTED	June 30, 2007 Total	June 30, 2006 Total
Operating Revenues, Gains and Other Support
Contributions	$ 1,195,455	$ 693,630	$ -	$ 1,889,085	$ 2,207,716
Program service fees	76,413	-	-	76,413	249,337
Subscription, tickets and other sales	26,735	-	-	26,735	35,002
Revenue from perpetual trust	1,544,593	-	-	1,544,593	1,483,261
Investment return designated for operations	311,395	-	-	311,395	240,114
Other income	65,275	3,734	-	69,009	10,915
Net assets released from restrictions
Satisfaction of program restrictions	1,109,459	(1,109,459)	-	-	4,295.00
Total Operating Revenues, Gains and Other Support	4,329,325	(412,095)	-	3,917,230	4,230,640
Operating Expenses
Program Services	3,260,666	-	-	3,260,666	3,257,837
General management and program development	569,512	-	-	569,512	767,261
Business management	305,228	-	-	305,228	325,278
Development	456,874	-	-	456,874	552,616
Total Operating Expenses	4,592,280	-	-	4,592,280	4,902,992
Change in Net Assets - Operating	(262,955)	(412,095)	-	(675,050)	(672,352)
Non-Operating Gains and Losses	578,047	79,322	3,969,577	4,626,946	578,802
Change in Net Assets	315,092	(332,773)	3,969,577	3,951,896	(93,550)
Net Assets - Beginning of Year	6,715,235	1,616,243	38,525,214	46,856,692	46,950,242
Net Assets - End Of Year	$ 7,030,327	$ 1,283,470	$ 42,494,791	$ 50,808,588	$ 46,856,692