GOODWILL INDUSTRIES OF WEST MICHIGAN INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$44,906,112
Property, Plant, & Equipment (net)
34%
Other Assets
31%
Investments
23%
Cash & Equivalents
9%
Receivables (Non-Related)
<1%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$11,306,082
Other Liabilities
60%
Notes Payable / Debt (Non-Related)
27%
Payables & Accruals
13%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,001,017
$4,104,624
-18%
Receivables (Non-Related)
$536,675
$428,329
-20%
Related-Party Receivables
-
-
-
Inventories
$378,818
$394,970
+4%
Prepaid Expenses
$328,798
$343,958
+5%
Investments
$10,670,032
$10,335,534
-3%
Property, Plant, & Equipment (net)
$14,445,588
$15,314,634
+6%
Other Assets
$14,715,867
$13,984,063
-5%
Total Assets
$46,076,795
$44,906,112
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,976,175
$1,512,914
-23%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,381,198
$3,002,815
-11%
Related-Party Payables
-
-
-
Other Liabilities
$7,747,455
$6,790,353
-12%
Total Liabilities
$13,104,828
$11,306,082
-14%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$32,971,967
$33,600,030
+2%
Net assets
2023
2024
Change
Net assets
+$32,971,967
+$33,600,030
+2%
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