LUTHERAN HOME FOR THE AGED INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$129,156,549
Property, Plant, & Equipment (net)
56%
Other Assets
34%
Receivables (Non-Related)
3%
Investments
3%
Cash & Equivalents
3%
Prepaid Expenses
1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$106,026,709
Tax-Exempt Bond Liabilities
86%
Payables & Accruals
7%
Notes Payable / Debt (Non-Related)
5%
Custodial & Escrow Liabilities
1%
Other Liabilities
<1%
Grants Payable
0%
Deferred Revenue
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$11,471,825
$3,289,787
-71%
Receivables (Non-Related)
$4,906,046
$3,808,510
-22%
Related-Party Receivables
-
-
-
Inventories
-
$66,145
-
Prepaid Expenses
$1,635,005
$1,707,554
+4%
Investments
$134,340
$3,754,981
+2695%
Property, Plant, & Equipment (net)
$74,152,757
$72,724,450
-2%
Other Assets
$38,575,110
$43,805,122
+14%
Total Assets
$130,875,083
$129,156,549
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$7,601,842
$7,361,925
-3%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
$92,110,355
$91,492,343
-1%
Custodial & Escrow Liabilities
$1,394,464
$1,489,533
+7%
Notes Payable / Debt (Non-Related)
$6,675,931
$5,680,840
-15%
Related-Party Payables
-
-
-
Other Liabilities
$3,200
$2,068
-35%
Total Liabilities
$107,785,792
$106,026,709
-2%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$23,089,291
$23,129,840
+0%
Net assets
2023
2024
Change
Net assets
+$23,089,291
+$23,129,840
+0%
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