Magnificat Houses Inc
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$6,747,902
Property, Plant, & Equipment (net)
57%
Investments
37%
Cash & Equivalents
3%
Receivables (Non-Related)
2%
Inventories
<1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$4,207,096
Other Liabilities
98%
Payables & Accruals
2%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$362,333
$229,653
-37%
Receivables (Non-Related)
$74,077
$115,712
+56%
Related-Party Receivables
-
-
-
Inventories
$38,213
$33,085
-13%
Prepaid Expenses
$12,569
$24,913
+98%
Investments
$3,056,971
$2,515,079
-18%
Property, Plant, & Equipment (net)
$3,765,587
$3,827,820
+2%
Other Assets
$1,640
$1,640
+0%
Total Assets
$7,311,390
$6,747,902
-8%
Liabilities
2023
2024
Change
Payables & Accruals
$64,128
$78,317
+22%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$1,395
$1,829
+31%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$4,433,392
$4,126,950
-7%
Total Liabilities
$4,498,915
$4,207,096
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$10,000
$77,068
+671%
Unrestricted Net Assets
$2,802,475
$2,463,738
-12%
Net assets
2023
2024
Change
Net assets
+$2,812,475
+$2,540,806
-10%
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