STATEN ISLAND ECONOMIC DEVELOPMENT CORPORATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,349,875
Cash & Equivalents
63%
Receivables (Non-Related)
28%
Other Assets
5%
Property, Plant, & Equipment (net)
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$474,063
Deferred Revenue
38%
Payables & Accruals
35%
Other Liabilities
27%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,365,860
$1,476,522
+8%
Receivables (Non-Related)
$698,972
$658,024
-6%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$8,455
$12,407
+47%
Investments
-
-
-
Property, Plant, & Equipment (net)
$117,903
$78,380
-34%
Other Assets
$197,582
$124,542
-37%
Total Assets
$2,388,772
$2,349,875
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$179,313
$165,890
-7%
Grants Payable
-
-
-
Deferred Revenue
$202,426
$181,576
-10%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$199,782
$126,597
-37%
Total Liabilities
$581,521
$474,063
-18%
Net assets
2023
2024
Change
Restricted Net Assets
$41,315
$22,968
-44%
Unrestricted Net Assets
$1,765,936
$1,852,844
+5%
Net assets
2023
2024
Change
Net assets
+$1,807,251
+$1,875,812
+4%
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