Galveston Urban Ministries
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$8,097,957
Property, Plant, & Equipment (net)
75%
Cash & Equivalents
25%
Prepaid Expenses
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$2,563,840
Notes Payable / Debt (Non-Related)
62%
Payables & Accruals
38%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,307,786
$2,035,210
-53%
Receivables (Non-Related)
$1,275
-
-
Related-Party Receivables
-
-
-
Inventories
$75
-
-
Prepaid Expenses
-
$16,774
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,302,875
$6,045,973
+364%
Other Assets
-
-
-
Total Assets
$5,612,011
$8,097,957
+44%
Liabilities
2023
2024
Change
Payables & Accruals
$7,663
$971,867
+12583%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$1,591,973
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$7,663
$2,563,840
+33357%
Net assets
2023
2024
Change
Restricted Net Assets
$4,138,721
$4,251,135
+3%
Unrestricted Net Assets
$1,465,627
$1,282,982
-12%
Net assets
2023
2024
Change
Net assets
+$5,604,348
+$5,534,117
-1%
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