b'Consolidated Statementof Net PositionIFiscal Year 2020Assets Liabilities and net positionCash and cash equivalents $ 151,366,942 Accounts payable and accrued expenses $ 21,955,762Investments 156,706,285 Bonds payable 5,254,410Investment in joint ventures 5,525,052 Loans payable 25,000Investment in small-business recovery loan funds 5,000,000 Advances from the Commonwealth 7,375,057Loans receivable, net 81,723,050 Accrued interest payable 216,266Interest receivable 786,419 Project escrow payable 2,324,464Accounts receivable and other assets 9,275,056 Other liabilities 37,686,397Project escrow deposits 2,133,907 Total liabilities $ 74,837,356Predevelopment and Brownfields receivables, net 916,930Assets held for sale 12,002,543 Net position $ 431,760,975Capital assets, net 81,162,147 Total liabilities and net position $ 506,598,331Total assets $ 506,598,33130MassDevelopment 2020 Annual Report'