THE SUMMIT CENTER INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$30,698,933
Property, Plant, & Equipment (net)
39%
Other Assets
28%
Receivables (Non-Related)
25%
Cash & Equivalents
8%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$24,142,094
Other Liabilities
34%
Payables & Accruals
29%
Notes Payable / Debt (Non-Related)
29%
Deferred Revenue
8%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,487,862
$2,319,122
-34%
Receivables (Non-Related)
$4,529,214
$7,629,870
+68%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$353,252
$418,747
+19%
Investments
-
-
-
Property, Plant, & Equipment (net)
$11,655,112
$11,845,784
+2%
Other Assets
$702,548
$8,485,410
+1108%
Total Assets
$20,727,988
$30,698,933
+48%
Liabilities
2023
2024
Change
Payables & Accruals
$6,110,741
$7,062,845
+16%
Grants Payable
-
-
-
Deferred Revenue
$56,989
$1,865,035
+3173%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,715,438
$6,916,008
+3%
Related-Party Payables
-
-
-
Other Liabilities
$400,411
$8,298,206
+1972%
Total Liabilities
$13,283,579
$24,142,094
+82%
Net assets
2023
2024
Change
Restricted Net Assets
$106,597
$68,200
-36%
Unrestricted Net Assets
$7,337,812
$6,488,639
-12%
Net assets
2023
2024
Change
Net assets
+$7,444,409
+$6,556,839
-12%
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