ANNUAL REPORT
TRY-AGAIN HOMES, INCORPORATED
(A WEST VIRGINIA NONPROFIT CORPORATION)
Try-Again Homes, Incorporated is a non-stock, not-for profit corporation, which operates child placing and behavioral health facilities in Fairmont, and Parkersburg, West Virginia.
The details concerning the contents of this advertisement, together with the other reports, statements, and schedules required to be filed, are available for public inspection and copying at the office of the West Virginia Health Care Cost Review Authority, 100 Dee Drive, Charleston, WV 25311.
STATEMENT OF FINANCIAL POSITION
ASSETS
CURRENT ASSETS
Cash on hand and in bank 70,437
Accounts receivable 163,605
Accounts receivable-affiliate organization 7,411
Prepaid expenses 8,351 $ 249,804
FIXED ASSETS
Furniture & equipment $34,329
Buildings 468,214
502,543
Less: accumulated depreciation (395,175) 107,368
TOTAL ASSETS $ 357,172
LIABILITIES AND FUND BALANCES
CURRENT LIABILITIES
Accounts payable and other accrued expenses $ 80,264
Accrued payable- parent organization 42,750
Liability for payroll taxes & related withholdings 5,749
Salaries payable 13,706
Accrued employee benefits 21,346
Deferred revenue 27,235 $ 191,050
NET ASSETS
Unrestricted:
Undesignated $ 58,754
Invested in fixed assets 107,368 166,122
TOTAL LIABILITIES AND NET ASSETS $ 357,172
STATEMENT OF ACTIVITIES
UNRESTRICTED NET ASSETS
PUBLIC SUPPORT:
Contributions $ 15,194
REVENUES:
West Virginia Department of Health & Human Resources $ 1,480,812
Medicaid reimbursements 70,338
Other income 22455
Interest income 139 1,573,744
TOTAL UNRESTRICTED SUPPORT & REVENUE 1,588,938
NET ASSETS RELEASED FROM RESTRICTIONS
Restrictions satisfied by payments 6,663
TOTAL UNRESTRICTED SUPPORT AND RECLASSIFICATION 1,595,601
FUNCTIONAL EXPENSES
PROGRAM SERVICES:
Parkersburg Foster Care $ 864,011
Fairmont Foster Care 631,080 1,495,091
SUPPORTIVE SERVICES
Administration $ 250,541
P.R. and development 12,719 263,260
TOTAL FUNCTIONAL EXPENSES 1,758,351
INCREASE (DECREASE) IN NET ASSETS (162,750)
TEMPORARILY RESTRICTED NET ASSETS
Support – restricted by donor $ -0-
Net assets released from restrictions:
Restrictions satisfied by payments (6,663) (6,663)
INCREASE (DECREASE) IN NET ASSETS (169,413)
NET ASSETS AT BEGINNING OF YEAR 335,535
NET ASSETS AT END OF YEAR $ 166,122
Feb 24