LUTHERAN HOME
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$21,996,254
Property, Plant, & Equipment (net)
62%
Receivables (Non-Related)
19%
Other Assets
13%
Cash & Equivalents
6%
Prepaid Expenses
<1%
Inventories
<1%
Investments
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$29,000,234
Tax-Exempt Bond Liabilities
48%
Other Liabilities
44%
Payables & Accruals
8%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Deferred Revenue
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,015,982
$1,311,466
-35%
Receivables (Non-Related)
$3,857,178
$4,089,181
+6%
Related-Party Receivables
-
-
-
Inventories
$17,025
$17,025
+0%
Prepaid Expenses
$98,116
$54,362
-45%
Investments
$289
$289
+0%
Property, Plant, & Equipment (net)
$11,698,968
$13,742,831
+17%
Other Assets
$2,781,100
$2,781,100
+0%
Total Assets
$20,468,658
$21,996,254
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$1,627,139
$2,238,543
+38%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
$14,812,452
$14,037,046
-5%
Custodial & Escrow Liabilities
$17,338
$23,255
+34%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$7,174,923
$12,701,390
+77%
Total Liabilities
$23,631,852
$29,000,234
+23%
Net assets
2023
2024
Change
Restricted Net Assets
$139,701
$69,273
-50%
Unrestricted Net Assets
-$3,302,895
-$7,073,253
-114%
Net assets
2023
2024
Change
Net assets
-$3,163,194
-$7,003,980
-121%
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