SALEM COMMUNITY CORPORATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$73,937,014
Property, Plant, & Equipment (net)
61%
Investments
18%
Cash & Equivalents
10%
Other Assets
7%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$85,295,065
Tax-Exempt Bond Liabilities
45%
Other Liabilities
41%
Deferred Revenue
11%
Payables & Accruals
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,904,008
$7,330,125
-18%
Receivables (Non-Related)
$2,582,733
$2,298,859
-11%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$481,355
$415,549
-14%
Investments
$9,256,164
$13,447,230
+45%
Property, Plant, & Equipment (net)
$47,221,136
$45,212,960
-4%
Other Assets
$5,184,321
$5,232,291
+1%
Total Assets
$73,629,717
$73,937,014
+0%
Liabilities
2023
2024
Change
Payables & Accruals
$2,733,765
$2,748,388
+1%
Grants Payable
-
-
-
Deferred Revenue
$8,469,449
$9,669,673
+14%
Tax-Exempt Bond Liabilities
$39,194,647
$38,111,226
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$33,991,402
$34,765,778
+2%
Total Liabilities
$84,389,263
$85,295,065
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$2,843,076
$3,118,238
+10%
Unrestricted Net Assets
-$13,602,622
-$14,476,289
-6%
Net assets
2023
2024
Change
Net assets
-$10,759,546
-$11,358,051
-6%
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