FREDERICK MENNONITE COMMUNITY
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$58,298,879
Property, Plant, & Equipment (net)
77%
Investments
17%
Cash & Equivalents
2%
Receivables (Non-Related)
2%
Other Assets
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$48,258,998
Tax-Exempt Bond Liabilities
31%
Other Liabilities
30%
Deferred Revenue
26%
Notes Payable / Debt (Non-Related)
9%
Payables & Accruals
5%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,015,162
$1,408,707
+39%
Receivables (Non-Related)
$1,361,861
$935,382
-31%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$351,007
$127,295
-64%
Investments
$9,782,694
$10,107,552
+3%
Property, Plant, & Equipment (net)
$37,895,432
$44,987,829
+19%
Other Assets
$780,966
$732,114
-6%
Total Assets
$51,187,122
$58,298,879
+14%
Liabilities
2023
2024
Change
Payables & Accruals
$2,525,765
$2,208,395
-13%
Grants Payable
-
-
-
Deferred Revenue
$12,714,647
$12,390,707
-3%
Tax-Exempt Bond Liabilities
$15,058,353
$14,833,226
-1%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,499,879
$4,399,879
+26%
Related-Party Payables
-
-
-
Other Liabilities
$14,531,012
$14,426,791
-1%
Total Liabilities
$48,329,656
$48,258,998
0%
Net assets
2023
2024
Change
Restricted Net Assets
$1,866,216
$1,681,720
-10%
Unrestricted Net Assets
$991,250
$8,358,161
+743%
Net assets
2023
2024
Change
Net assets
+$2,857,466
+$10,039,881
+251%
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