HEBREW ACADEMY OF CLEVELAND
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$76,438,841
Property, Plant, & Equipment (net)
58%
Investments
29%
Receivables (Non-Related)
8%
Cash & Equivalents
5%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$12,355,444
Notes Payable / Debt (Non-Related)
43%
Payables & Accruals
27%
Other Liabilities
24%
Deferred Revenue
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,957,671
$3,683,571
-7%
Receivables (Non-Related)
$9,445,218
$5,808,819
-38%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$12,934
$12,638
-2%
Investments
$23,605,032
$22,340,297
-5%
Property, Plant, & Equipment (net)
$38,579,420
$44,593,516
+16%
Other Assets
-
-
-
Total Assets
$75,600,275
$76,438,841
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$3,327,140
$3,302,332
-1%
Grants Payable
-
-
-
Deferred Revenue
$153,865
$759,462
+394%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$5,560,367
$5,306,219
-5%
Related-Party Payables
-
-
-
Other Liabilities
$3,890,314
$2,987,431
-23%
Total Liabilities
$12,931,686
$12,355,444
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$17,763,534
$13,188,690
-26%
Unrestricted Net Assets
$44,905,055
$50,894,707
+13%
Net assets
2023
2024
Change
Net assets
+$62,668,589
+$64,083,397
+2%
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