LUTHER HOUSE
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$40,115,977
Property, Plant, & Equipment (net)
76%
Other Assets
16%
Cash & Equivalents
6%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$39,726,786
Tax-Exempt Bond Liabilities
56%
Other Liabilities
35%
Deferred Revenue
8%
Payables & Accruals
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,651,164
$2,420,388
-34%
Receivables (Non-Related)
$2,480,406
$609,462
-75%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$19,750
$20,972
+6%
Investments
-
-
-
Property, Plant, & Equipment (net)
$31,378,226
$30,505,534
-3%
Other Assets
$2,124,547
$6,559,621
+209%
Total Assets
$39,654,093
$40,115,977
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$170,534
$293,245
+72%
Grants Payable
-
-
-
Deferred Revenue
$2,886,484
$3,334,944
+16%
Tax-Exempt Bond Liabilities
$23,393,206
$22,168,612
-5%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$12,416,963
$13,929,985
+12%
Total Liabilities
$38,867,187
$39,726,786
+2%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$786,906
$389,191
-51%
Net assets
2023
2024
Change
Net assets
+$786,906
+$389,191
-51%
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