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HISPANIC CENTER OF WESTERN MICHIGAN INC

HISPANIC CENTER OF WESTERN MICHIGAN INC

Grand Rapids, MI, US
501(c)3
EIN
38-2265825
Regional Funder
funder logo

HISPANIC CENTER OF WESTERN MICHIGAN INC

Grand Rapids, MI, US
501(c)3
EIN
38-2265825
Regional Funder

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$4,215,838

Cash & Equivalents
38%
Receivables (Non-Related)
35%
Property, Plant, & Equipment (net)
16%
Other Assets
11%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)

$429,517

Notes Payable / Debt (Non-Related)
47%
Payables & Accruals
32%
Deferred Revenue
15%
Other Liabilities
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,730,579
$1,593,673
-8%
Receivables (Non-Related)
$466,249
$1,466,123
+214%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$928
$7,872
+748%
Investments
-
-
-
Property, Plant, & Equipment (net)
$706,730
$673,799
-5%
Other Assets
$36,444
$474,371
+1202%
Total Assets
$2,940,930
$4,215,838
+43%
Liabilities
2023
2024
Change
Payables & Accruals
$147,725
$138,893
-6%
Grants Payable
-
-
-
Deferred Revenue
$319,588
$64,507
-80%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$200,000
-
Related-Party Payables
-
-
-
Other Liabilities
$38,361
$26,117
-32%
Total Liabilities
$505,674
$429,517
-15%
Net assets
2023
2024
Change
Restricted Net Assets
$76,634
$307,358
+301%
Unrestricted Net Assets
$2,358,622
$3,478,963
+47%
Net assets
2023
2024
Change
Net assets
+$2,435,256
+$3,786,321
+55%
Balance Sheet
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