AFAR INC DBA THE ABILITY CENTER
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,794,458
Cash & Equivalents
43%
Receivables (Non-Related)
42%
Other Assets
10%
Investments
3%
Property, Plant, & Equipment (net)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$78,609
Payables & Accruals
60%
Other Liabilities
40%
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
$1,464,170
$1,641,248
+12%
Receivables (Non-Related)
$1,710,139
$1,597,743
-7%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$1,372
-
Investments
$82,076
$115,810
+41%
Property, Plant, & Equipment (net)
$63,238
$67,863
+7%
Other Assets
$133,480
$370,422
+178%
Total Assets
$3,453,103
$3,794,458
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$84,069
$46,821
-44%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$31,788
-
Total Liabilities
$84,069
$78,609
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$2,994,494
$3,486,518
+16%
Unrestricted Net Assets
$374,540
$229,331
-39%
Net assets
2023
2024
Change
Net assets
+$3,369,034
+$3,715,849
+10%
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