LUTHERAN HOMES SOCIETY INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$41,717,715
Other Assets
34%
Property, Plant, & Equipment (net)
32%
Receivables (Non-Related)
24%
Investments
6%
Cash & Equivalents
3%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$29,170,145
Notes Payable / Debt (Non-Related)
81%
Payables & Accruals
10%
Other Liabilities
8%
Deferred Revenue
<1%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,348,056
$1,427,113
-57%
Receivables (Non-Related)
$10,007,023
$10,123,989
+1%
Related-Party Receivables
-
-
-
Inventories
$3,811
$5,514
+45%
Prepaid Expenses
$193,006
$156,457
-19%
Investments
$2,286,740
$2,570,528
+12%
Property, Plant, & Equipment (net)
$13,297,740
$13,341,131
+0%
Other Assets
$13,954,866
$14,092,983
+1%
Total Assets
$43,091,242
$41,717,715
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$2,868,637
$2,978,768
+4%
Grants Payable
-
-
-
Deferred Revenue
$262,146
$153,334
-42%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$42,079
$26,595
-37%
Notes Payable / Debt (Non-Related)
$24,460,000
$23,710,000
-3%
Related-Party Payables
-
-
-
Other Liabilities
$2,524,129
$2,301,448
-9%
Total Liabilities
$30,156,991
$29,170,145
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$916,618
$1,068,078
+17%
Unrestricted Net Assets
$12,017,633
$11,479,492
-4%
Net assets
2023
2024
Change
Net assets
+$12,934,251
+$12,547,570
-3%
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