EVANGELICAL HOMES OF MICHIGAN
Balance Sheet
Fiscal Year Start:
May 1
Assets in 2025 (Year End)
$44,815,038
Property, Plant, & Equipment (net)
43%
Receivables (Non-Related)
30%
Other Assets
18%
Investments
7%
Cash & Equivalents
1%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$47,234,732
Tax-Exempt Bond Liabilities
65%
Payables & Accruals
29%
Other Liabilities
3%
Notes Payable / Debt (Non-Related)
2%
Deferred Revenue
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$164,705
$618,519
+276%
Receivables (Non-Related)
$16,221,016
$13,232,711
-18%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$881,644
$537,353
-39%
Investments
$829,509
$3,146,667
+279%
Property, Plant, & Equipment (net)
$20,894,955
$19,167,548
-8%
Other Assets
$7,927,775
$8,112,240
+2%
Total Assets
$46,919,604
$44,815,038
-4%
Liabilities
2024
2025
Change
Payables & Accruals
$12,982,400
$13,642,095
+5%
Grants Payable
-
-
-
Deferred Revenue
$3,544
$699
-80%
Tax-Exempt Bond Liabilities
$31,540,000
$30,915,000
-2%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,608,316
$1,069,375
-34%
Related-Party Payables
-
-
-
Other Liabilities
$2,448,021
$1,607,563
-34%
Total Liabilities
$48,582,281
$47,234,732
-3%
Net assets
2024
2025
Change
Restricted Net Assets
$0
-
-
Unrestricted Net Assets
-$1,662,677
-$2,419,694
-46%
Net assets
2024
2025
Change
Net assets
-$1,662,677
-$2,419,694
-46%
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