HOVNANIAN SCHOOL INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$10,999,303
Investments
52%
Receivables (Non-Related)
24%
Property, Plant, & Equipment (net)
21%
Cash & Equivalents
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,663,899
Notes Payable / Debt (Non-Related)
65%
Payables & Accruals
22%
Deferred Revenue
13%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$266,379
$196,949
-26%
Receivables (Non-Related)
$3,798,583
$2,686,549
-29%
Related-Party Receivables
-
-
-
Inventories
$3,306
$7,240
+119%
Prepaid Expenses
$31,330
$50,471
+61%
Investments
$4,045,127
$5,773,359
+43%
Property, Plant, & Equipment (net)
$2,265,709
$2,284,735
+1%
Other Assets
-
-
-
Total Assets
$10,410,434
$10,999,303
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$358,514
$359,892
+0%
Grants Payable
-
-
-
Deferred Revenue
$255,180
$209,015
-18%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,225,517
$1,089,669
-11%
Related-Party Payables
-
-
-
Other Liabilities
$1,653
$5,323
+222%
Total Liabilities
$1,840,864
$1,663,899
-10%
Net assets
2023
2024
Change
Restricted Net Assets
$6,682,877
$6,575,483
-2%
Unrestricted Net Assets
$1,886,693
$2,759,921
+46%
Net assets
2023
2024
Change
Net assets
+$8,569,570
+$9,335,404
+9%
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