EASTERN AMERICAN ECONOMIC DEVELOPMENT CORPORATION

EASTERN AMERICAN ECONOMIC DEVELOPMENT CORPORATION

Palisades Park, NJ, US
501(c)(3)
EIN
20-4647454

EASTERN AMERICAN ECONOMIC DEVELOPMENT CORPORATION

Palisades Park, NJ, US
501(c)(3)
EIN
20-4647454

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$1,145,222

Receivables (Non-Related)
58%
Cash & Equivalents
37%
Property, Plant, & Equipment (net)
3%
Other Assets
2%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)

$232,022

Related-Party Payables
80%
Other Liabilities
9%
Notes Payable / Debt (Non-Related)
7%
Payables & Accruals
5%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$815,904
$423,785
-48%
Receivables (Non-Related)
$708,496
$663,691
-6%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$40,498
$33,506
-17%
Other Assets
$3,777
$24,240
+542%
Total Assets
$1,568,675
$1,145,222
-27%
Liabilities
2023
2024
Change
Payables & Accruals
$8,496
$10,981
+29%
Grants Payable
-
-
-
Deferred Revenue
$30,160
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$13,864
$15,200
+10%
Related-Party Payables
$259,781
$184,620
-29%
Other Liabilities
-
$21,221
-
Total Liabilities
$312,301
$232,022
-26%
Net assets
2023
2024
Change
Restricted Net Assets
$1,088,142
-
-
Unrestricted Net Assets
$168,232
$913,200
+443%
Net assets
2023
2024
Change
Net assets
+$1,256,374
+$913,200
-27%
Balance Sheet
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