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LUTHERAN HOMES OF MICHIGAN FOUNDATION
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LUTHERAN HOMES OF MICHIGAN FOUNDATION
Saginaw, MI, US
•
501(c)3
•
EIN
26-1630687
•
WWW.WELLSPRINGLUTHERAN.COM
•
Regional Funder
LUTHERAN HOMES OF MICHIGAN FOUNDATION
Sign up to claim this org
Saginaw, MI, US
•
501(c)3
•
EIN
26-1630687
•
WWW.WELLSPRINGLUTHERAN.COM
•
Regional Funder
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Income Statement
Balance Sheet
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Balance Sheet
Fiscal Year Start:
Jan 1
Assets in
2024
(Year End)
$12,246,152
Other Assets
78%
Cash & Equivalents
20%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Liabilities in
2024
(Year End)
$16,642
Payables & Accruals
96%
Other Liabilities
4%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,010,887
$2,463,618
+23%
Receivables (Non-Related)
$20,358
$167,098
+721%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,649
$7,501
+33%
Investments
-
-
-
Property, Plant, & Equipment (net)
$0
$0
-
Other Assets
$8,971,483
$9,607,935
+7%
Total Assets
$11,008,377
$12,246,152
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$29,087
$15,933
-45%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$8,342
$709
-92%
Total Liabilities
$37,429
$16,642
-56%
Net assets
2023
2024
Change
Restricted Net Assets
$8,946,100
$9,813,212
+10%
Unrestricted Net Assets
$2,024,848
$2,416,298
+19%
Net assets
2023
2024
Change
Net assets
+$10,970,948
+$12,229,510
+11%
Balance Sheet
