PROMISE DEVELOPMENT CORPORATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2023 (Year End)
$7,218,735
Property, Plant, & Equipment (net)
95%
Receivables (Non-Related)
4%
Cash & Equivalents
<1%
Other Assets
<1%
Related-Party Receivables
<1%
Investments
<1%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2023 (Year End)
$869,025
Notes Payable / Debt (Non-Related)
59%
Payables & Accruals
35%
Other Liabilities
6%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2022
2023
Change
Cash & Equivalents
$102,406
$58,977
-42%
Receivables (Non-Related)
$472,169
$289,224
-39%
Related-Party Receivables
$6,857
$6,857
+0%
Inventories
-
-
-
Prepaid Expenses
$44,307
-
-
Investments
$100
$100
+0%
Property, Plant, & Equipment (net)
$6,506,699
$6,841,592
+5%
Other Assets
$17,685
$21,985
+24%
Total Assets
$7,150,223
$7,218,735
+1%
Liabilities
2022
2023
Change
Payables & Accruals
$306,669
$304,863
-1%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$551,163
$514,172
-7%
Related-Party Payables
-
-
-
Other Liabilities
$43,892
$49,990
+14%
Total Liabilities
$901,724
$869,025
-4%
Net assets
2022
2023
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$6,248,499
$6,349,710
+2%
Net assets
2022
2023
Change
Net assets
+$6,248,499
+$6,349,710
+2%
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