CONCORDIA LUTHERAN MINISTRIES OF PITTSBURGH
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$111,753,410
Property, Plant, & Equipment (net)
50%
Investments
37%
Cash & Equivalents
7%
Receivables (Non-Related)
4%
Other Assets
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$55,957,302
Tax-Exempt Bond Liabilities
60%
Payables & Accruals
22%
Other Liabilities
14%
Deferred Revenue
4%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,779,700
$7,511,148
+99%
Receivables (Non-Related)
$3,620,399
$4,510,357
+25%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$902,347
$312,071
-65%
Investments
$35,657,596
$41,461,367
+16%
Property, Plant, & Equipment (net)
$57,762,035
$55,958,467
-3%
Other Assets
$2,000,000
$2,000,000
+0%
Total Assets
$103,722,077
$111,753,410
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$3,702,170
$12,254,626
+231%
Grants Payable
-
-
-
Deferred Revenue
$2,326,867
$2,283,765
-2%
Tax-Exempt Bond Liabilities
$41,203,154
$33,323,496
-19%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$9,942,082
$8,095,415
-19%
Total Liabilities
$57,174,273
$55,957,302
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$2,273,205
$2,523,901
+11%
Unrestricted Net Assets
$44,274,599
$53,272,207
+20%
Net assets
2023
2024
Change
Net assets
+$46,547,804
+$55,796,108
+20%
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