DETROIT ECONOMIC GROWTH CORPORATIONPub 78
Pub 78
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$7,960,504
Cash & Equivalents
48%
Receivables (Non-Related)
35%
Other Assets
11%
Prepaid Expenses
3%
Property, Plant, & Equipment (net)
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,059,368
Other Liabilities
90%
Payables & Accruals
10%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,576,562
$3,860,256
+8%
Receivables (Non-Related)
$3,255,478
$2,824,115
-13%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$204,067
$256,567
+26%
Investments
-
-
-
Property, Plant, & Equipment (net)
$79,116
$115,668
+46%
Other Assets
$1,373,499
$903,898
-34%
Total Assets
$8,488,722
$7,960,504
-6%
Liabilities
2023
2024
Change
Payables & Accruals
$79,104
$102,521
+30%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,426,814
$956,847
-33%
Total Liabilities
$1,505,918
$1,059,368
-30%
Net assets
2023
2024
Change
Restricted Net Assets
$3,972,668
$3,778,217
-5%
Unrestricted Net Assets
$3,010,136
$3,122,919
+4%
Net assets
2023
2024
Change
Net assets
+$6,982,804
+$6,901,136
-1%
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