NORTH RALEIGH MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,964,421
Property, Plant, & Equipment (net)
49%
Cash & Equivalents
41%
Receivables (Non-Related)
6%
Inventories
3%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$2,502,772
Notes Payable / Debt (Non-Related)
85%
Payables & Accruals
15%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,626,224
$3,245,178
+24%
Receivables (Non-Related)
$634,735
$507,184
-20%
Related-Party Receivables
-
-
-
Inventories
$152,260
$273,003
+79%
Prepaid Expenses
-
$36,191
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,250,334
$3,883,252
+19%
Other Assets
$20,960
$19,613
-6%
Total Assets
$6,684,513
$7,964,421
+19%
Liabilities
2023
2024
Change
Payables & Accruals
$122,142
$371,243
+204%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,191,284
$2,131,529
-3%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$2,313,426
$2,502,772
+8%
Net assets
2023
2024
Change
Restricted Net Assets
$740,982
$953,447
+29%
Unrestricted Net Assets
$3,630,105
$4,508,202
+24%
Net assets
2023
2024
Change
Net assets
+$4,371,087
+$5,461,649
+25%
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