INVEST DETROIT FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$208,587,430
Receivables (Non-Related)
46%
Investments
37%
Cash & Equivalents
13%
Property, Plant, & Equipment (net)
4%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$64,115,511
Notes Payable / Debt (Non-Related)
80%
Grants Payable
10%
Other Liabilities
7%
Payables & Accruals
3%
Deferred Revenue
<1%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$43,597,670
$27,470,929
-37%
Receivables (Non-Related)
$79,550,113
$96,819,604
+22%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$13,826
$45,941
+232%
Investments
$63,117,547
$76,697,583
+22%
Property, Plant, & Equipment (net)
$257,750
$7,312,097
+2737%
Other Assets
-
$241,276
-
Total Assets
$186,536,906
$208,587,430
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$3,059,320
$1,688,413
-45%
Grants Payable
$11,123,729
$6,115,301
-45%
Deferred Revenue
$1,545,527
$355,635
-77%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$34,442,943
$51,382,475
+49%
Related-Party Payables
-
-
-
Other Liabilities
-
$4,573,687
-
Total Liabilities
$50,171,519
$64,115,511
+28%
Net assets
2023
2024
Change
Restricted Net Assets
$32,645,148
$38,824,491
+19%
Unrestricted Net Assets
$103,720,239
$105,647,428
+2%
Net assets
2023
2024
Change
Net assets
+$136,365,387
+$144,471,919
+6%
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