HERITAGE CHRISTIAN SERVICES INC
HERITAGE CHRISTIAN SERVICES INC
HERITAGE CHRISTIAN SERVICES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$76,233,843
Cash & Equivalents
31%
Receivables (Non-Related)
31%
Property, Plant, & Equipment (net)
29%
Other Assets
5%
Investments
2%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$30,103,457
Payables & Accruals
55%
Other Liabilities
13%
Deferred Revenue
12%
Notes Payable / Debt (Non-Related)
11%
Tax-Exempt Bond Liabilities
9%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$18,632,692
$23,974,444
+29%
Receivables (Non-Related)
$18,865,441
$23,912,095
+27%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$601,375
$792,995
+32%
Investments
$1,238,237
$1,540,018
+24%
Property, Plant, & Equipment (net)
$21,090,212
$22,003,409
+4%
Other Assets
$3,683,106
$4,010,882
+9%
Total Assets
$64,111,063
$76,233,843
+19%
Liabilities
2023
2024
Change
Payables & Accruals
$11,724,250
$16,572,794
+41%
Grants Payable
-
-
-
Deferred Revenue
$3,340,162
$3,622,900
+8%
Tax-Exempt Bond Liabilities
$2,825,075
$2,641,775
-6%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,268,399
$3,411,549
-20%
Related-Party Payables
-
-
-
Other Liabilities
$4,003,743
$3,854,439
-4%
Total Liabilities
$26,161,629
$30,103,457
+15%
Net assets
2023
2024
Change
Restricted Net Assets
$3,951,996
$1,987,701
-50%
Unrestricted Net Assets
$33,997,438
$44,142,685
+30%
Net assets
2023
2024
Change
Net assets
+$37,949,434
+$46,130,386
+22%
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