MICHIGAN COMMUNITY CAPITAL
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$74,933,829
Property, Plant, & Equipment (net)
54%
Investments
18%
Receivables (Non-Related)
18%
Other Assets
7%
Cash & Equivalents
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$59,718,317
Notes Payable / Debt (Non-Related)
71%
Other Liabilities
27%
Payables & Accruals
1%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,004,109
$1,276,892
-36%
Receivables (Non-Related)
$12,283,370
$13,557,866
+10%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$77,539
$438,167
+465%
Investments
$24,954,676
$13,772,469
-45%
Property, Plant, & Equipment (net)
$22,718,012
$40,697,507
+79%
Other Assets
$4,771,263
$5,190,928
+9%
Total Assets
$66,808,969
$74,933,829
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$1,634,338
$809,982
-50%
Grants Payable
-
-
-
Deferred Revenue
$118,418
$155,426
+31%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$35,378,575
$42,363,399
+20%
Related-Party Payables
-
-
-
Other Liabilities
$15,422,067
$16,389,510
+6%
Total Liabilities
$52,553,398
$59,718,317
+14%
Net assets
2023
2024
Change
Restricted Net Assets
$1,035,439
$1,506,324
+45%
Unrestricted Net Assets
$13,220,132
$13,709,188
+4%
Net assets
2023
2024
Change
Net assets
+$14,255,571
+$15,215,512
+7%
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