BREAD OF LIFE MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$5,446,367
Property, Plant, & Equipment (net)
69%
Investments
18%
Receivables (Non-Related)
7%
Cash & Equivalents
5%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,372,250
Notes Payable / Debt (Non-Related)
86%
Payables & Accruals
8%
Other Liabilities
6%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$345,971
$272,432
-21%
Receivables (Non-Related)
$120,972
$371,108
+207%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$80,936
$32,334
-60%
Investments
$884,044
$955,106
+8%
Property, Plant, & Equipment (net)
$3,555,364
$3,773,708
+6%
Other Assets
$47,310
$41,679
-12%
Total Assets
$5,034,597
$5,446,367
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$47,905
$115,765
+142%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,017,689
$1,174,242
+15%
Related-Party Payables
-
-
-
Other Liabilities
$66,850
$82,243
+23%
Total Liabilities
$1,132,444
$1,372,250
+21%
Net assets
2023
2024
Change
Restricted Net Assets
$38,417
$41,679
+8%
Unrestricted Net Assets
$3,863,736
$4,032,438
+4%
Net assets
2023
2024
Change
Net assets
+$3,902,153
+$4,074,117
+4%
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