NEW HOPE MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$12,646,769
Property, Plant, & Equipment (net)
58%
Investments
14%
Inventories
10%
Cash & Equivalents
10%
Other Assets
5%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$359,894
Payables & Accruals
60%
Notes Payable / Debt (Non-Related)
39%
Other Liabilities
1%
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
$488,370
$1,226,775
+151%
Receivables (Non-Related)
$215,302
$292,858
+36%
Related-Party Receivables
-
-
-
Inventories
$1,161,473
$1,298,585
+12%
Prepaid Expenses
$215,215
$119,185
-45%
Investments
$1,603,587
$1,767,266
+10%
Property, Plant, & Equipment (net)
$7,487,730
$7,344,602
-2%
Other Assets
$60,007
$597,498
+896%
Total Assets
$11,231,684
$12,646,769
+13%
Liabilities
2023
2024
Change
Payables & Accruals
$128,236
$214,454
+67%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$140,491
-
Related-Party Payables
-
-
-
Other Liabilities
$5,275
$4,949
-6%
Total Liabilities
$133,511
$359,894
+170%
Net assets
2023
2024
Change
Restricted Net Assets
$1,294,403
$1,078,797
-17%
Unrestricted Net Assets
$9,803,770
$11,208,078
+14%
Net assets
2023
2024
Change
Net assets
+$11,098,173
+$12,286,875
+11%
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