UNITED METHODIST RETIREMENT COMMUNITIES INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$131,468,246
Property, Plant, & Equipment (net)
58%
Investments
17%
Cash & Equivalents
12%
Receivables (Non-Related)
10%
Other Assets
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$63,560,760
Tax-Exempt Bond Liabilities
54%
Deferred Revenue
43%
Other Liabilities
2%
Payables & Accruals
1%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$13,123,860
$15,500,931
+18%
Receivables (Non-Related)
$10,861,074
$13,634,519
+26%
Related-Party Receivables
-
$0
-
Inventories
-
$0
-
Prepaid Expenses
$1,147,751
$771,267
-33%
Investments
$26,768,890
$21,990,548
-18%
Property, Plant, & Equipment (net)
$78,223,793
$76,696,116
-2%
Other Assets
$2,732,054
$2,874,865
+5%
Total Assets
$132,857,422
$131,468,246
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$851,560
$702,686
-17%
Grants Payable
-
-
-
Deferred Revenue
$26,011,314
$27,439,631
+5%
Tax-Exempt Bond Liabilities
$35,407,433
$34,077,538
-4%
Custodial & Escrow Liabilities
$242,844
$222,509
-8%
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,111,292
$1,118,396
+1%
Total Liabilities
$63,624,443
$63,560,760
0%
Net assets
2023
2024
Change
Restricted Net Assets
$74,548
$74,548
+0%
Unrestricted Net Assets
$69,158,431
$67,832,938
-2%
Net assets
2023
2024
Change
Net assets
+$69,232,979
+$67,907,486
-2%
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