New Jersey Association On Correction
New Jersey Association On Correction
New Jersey Association On Correction
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$9,446,670
Property, Plant, & Equipment (net)
47%
Receivables (Non-Related)
32%
Cash & Equivalents
11%
Other Assets
6%
Investments
2%
Prepaid Expenses
2%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$4,684,870
Notes Payable / Debt (Non-Related)
35%
Payables & Accruals
27%
Grants Payable
21%
Other Liabilities
17%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,537,167
$1,056,495
-31%
Receivables (Non-Related)
$2,159,496
$3,054,843
+41%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$158,934
$163,278
+3%
Investments
$177,341
$177,873
+0%
Property, Plant, & Equipment (net)
$4,666,532
$4,437,339
-5%
Other Assets
$488,001
$556,842
+14%
Total Assets
$9,187,471
$9,446,670
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,144,573
$1,277,793
+12%
Grants Payable
$448,000
$994,192
+122%
Deferred Revenue
$0
$0
-
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$1,515,383
$1,616,429
+7%
Related-Party Payables
$0
$0
-
Other Liabilities
$824,662
$796,456
-3%
Total Liabilities
$3,932,618
$4,684,870
+19%
Net assets
2023
2024
Change
Restricted Net Assets
$547,982
$548,669
+0%
Unrestricted Net Assets
$4,706,871
$4,213,131
-10%
Net assets
2023
2024
Change
Net assets
+$5,254,853
+$4,761,800
-9%
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