SAVING GRACE MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,838,537
Property, Plant, & Equipment (net)
95%
Cash & Equivalents
2%
Prepaid Expenses
1%
Receivables (Non-Related)
1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$3,460,702
Notes Payable / Debt (Non-Related)
88%
Payables & Accruals
7%
Other Liabilities
5%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$45,168
$61,344
+36%
Receivables (Non-Related)
$90,500
$48,299
-47%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$13,956
$52,504
+276%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$3,705,110
$3,648,198
-2%
Other Assets
$23,680
$28,192
+19%
Total Assets
$3,878,414
$3,838,537
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$183,921
$224,950
+22%
Grants Payable
-
-
-
Deferred Revenue
$3,523
$3,523
+0%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,061,373
$3,061,373
+0%
Related-Party Payables
-
-
-
Other Liabilities
$158,765
$170,856
+8%
Total Liabilities
$3,407,582
$3,460,702
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$154,061
$154,061
+0%
Unrestricted Net Assets
$316,771
$223,774
-29%
Net assets
2023
2024
Change
Net assets
+$470,832
+$377,835
-20%
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