HILLCREST MINISTRIES OF MIDAMERICA
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,040,950
Property, Plant, & Equipment (net)
92%
Other Assets
4%
Cash & Equivalents
4%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,759,321
Notes Payable / Debt (Non-Related)
99%
Payables & Accruals
1%
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
$1,249,649
$277,920
-78%
Receivables (Non-Related)
-
$172
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$21,326
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$6,368,610
$6,476,675
+2%
Other Assets
$676,204
$286,183
-58%
Total Assets
$8,315,789
$7,040,950
-15%
Liabilities
2023
2024
Change
Payables & Accruals
$17,135
$22,842
+33%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,575,394
$1,736,479
+10%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,592,529
$1,759,321
+10%
Net assets
2023
2024
Change
Restricted Net Assets
$692,318
$260,821
-62%
Unrestricted Net Assets
$6,030,942
$5,020,808
-17%
Net assets
2023
2024
Change
Net assets
+$6,723,260
+$5,281,629
-21%
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