MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,113,821,909
Investments
94%
Cash & Equivalents
3%
Receivables (Non-Related)
1%
Other Assets
<1%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$127,150,763
Notes Payable / Debt (Non-Related)
78%
Payables & Accruals
21%
Other Liabilities
1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$21,873,231
$32,094,703
+47%
Receivables (Non-Related)
$30,766,313
$15,378,780
-50%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,587,803
$2,058,208
+30%
Investments
$969,679,204
$1,045,120,209
+8%
Property, Plant, & Equipment (net)
$9,775,222
$8,684,207
-11%
Other Assets
$11,503,699
$10,485,802
-9%
Total Assets
$1,045,185,472
$1,113,821,909
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$30,328,718
$26,300,333
-13%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$99,258,561
$99,361,420
+0%
Related-Party Payables
-
-
-
Other Liabilities
$1,593,963
$1,489,010
-7%
Total Liabilities
$131,181,242
$127,150,763
-3%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$914,004,230
$986,671,146
+8%
Net assets
2023
2024
Change
Net assets
+$914,004,230
+$986,671,146
+8%
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