Ironbound Community Corporation
Ironbound Community Corporation
Ironbound Community Corporation
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$21,189,810
Property, Plant, & Equipment (net)
43%
Cash & Equivalents
39%
Receivables (Non-Related)
17%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$2,775,865
Notes Payable / Debt (Non-Related)
84%
Payables & Accruals
16%
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
$6,785,137
$8,329,200
+23%
Receivables (Non-Related)
$4,438,830
$3,670,639
-17%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$115,263
$114,122
-1%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$9,379,114
$9,045,661
-4%
Other Assets
$24,399
$30,188
+24%
Total Assets
$20,742,743
$21,189,810
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$890,553
$451,152
-49%
Grants Payable
$0
$0
-
Deferred Revenue
$0
$0
-
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$2,560,826
$2,324,713
-9%
Related-Party Payables
$0
$0
-
Other Liabilities
$0
$0
-
Total Liabilities
$3,451,379
$2,775,865
-20%
Net assets
2023
2024
Change
Restricted Net Assets
$5,077,118
$5,291,628
+4%
Unrestricted Net Assets
$12,214,246
$13,122,317
+7%
Net assets
2023
2024
Change
Net assets
+$17,291,364
+$18,413,945
+6%
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