LUTHER HOME OF MERCY
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$24,057,692
Investments
48%
Property, Plant, & Equipment (net)
38%
Receivables (Non-Related)
12%
Cash & Equivalents
1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$2,998,444
Payables & Accruals
65%
Notes Payable / Debt (Non-Related)
27%
Custodial & Escrow Liabilities
8%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$513,755
$309,210
-40%
Receivables (Non-Related)
$2,796,874
$2,903,723
+4%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$9,442
$72,713
+670%
Investments
$9,304,462
$11,459,943
+23%
Property, Plant, & Equipment (net)
$9,666,150
$9,073,891
-6%
Other Assets
$188,191
$238,212
+27%
Total Assets
$22,478,874
$24,057,692
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$2,896,269
$1,943,046
-33%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$188,191
$238,212
+27%
Notes Payable / Debt (Non-Related)
$859,953
$817,186
-5%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$3,944,413
$2,998,444
-24%
Net assets
2023
2024
Change
Restricted Net Assets
$1,300,037
$1,433,016
+10%
Unrestricted Net Assets
$17,234,424
$19,626,232
+14%
Net assets
2023
2024
Change
Net assets
+$18,534,461
+$21,059,248
+14%
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