WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC
WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC
WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$11,712,530
Other Assets
67%
Receivables (Non-Related)
22%
Cash & Equivalents
7%
Property, Plant, & Equipment (net)
4%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,675,296
Notes Payable / Debt (Non-Related)
61%
Payables & Accruals
31%
Other Liabilities
5%
Deferred Revenue
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$933,710
$793,847
-15%
Receivables (Non-Related)
$3,528,120
$2,588,275
-27%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$11,876
$26,525
+123%
Investments
-
-
-
Property, Plant, & Equipment (net)
$52,425
$507,224
+868%
Other Assets
$8,074,882
$7,796,659
-3%
Total Assets
$12,601,013
$11,712,530
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$131,250
$511,483
+290%
Grants Payable
-
-
-
Deferred Revenue
$30,876
$60,876
+97%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,313,193
$1,022,764
-56%
Related-Party Payables
-
-
-
Other Liabilities
$76,643
$80,173
+5%
Total Liabilities
$2,551,962
$1,675,296
-34%
Net assets
2023
2024
Change
Restricted Net Assets
$692,950
$484,592
-30%
Unrestricted Net Assets
$9,356,101
$9,552,642
+2%
Net assets
2023
2024
Change
Net assets
+$10,049,051
+$10,037,234
0%
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