Detroit Rescue Mission Ministries
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$20,889,417
Property, Plant, & Equipment (net)
77%
Receivables (Non-Related)
13%
Cash & Equivalents
4%
Investments
4%
Other Assets
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$3,507,294
Payables & Accruals
56%
Notes Payable / Debt (Non-Related)
44%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,977,790
$884,841
-70%
Receivables (Non-Related)
$6,444,812
$2,701,251
-58%
Related-Party Receivables
-
-
-
Inventories
$408,551
$44,000
-89%
Prepaid Expenses
$718,325
$71,040
-90%
Investments
$980,262
$808,488
-18%
Property, Plant, & Equipment (net)
$15,644,521
$16,012,010
+2%
Other Assets
$28,934
$367,787
+1171%
Total Assets
$27,203,195
$20,889,417
-23%
Liabilities
2023
2024
Change
Payables & Accruals
$882,800
$1,974,349
+124%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,582,083
$1,532,945
-3%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$2,464,883
$3,507,294
+42%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$24,738,312
$17,382,123
-30%
Net assets
2023
2024
Change
Net assets
+$24,738,312
+$17,382,123
-30%
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