Michigan Community Action Inc
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$4,858,118
Cash & Equivalents
52%
Investments
38%
Property, Plant, & Equipment (net)
8%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$2,318,603
Deferred Revenue
64%
Payables & Accruals
36%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,287,410
$2,545,523
+11%
Receivables (Non-Related)
$291,308
$41,706
-86%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$32,821
$48,270
+47%
Investments
$1,457,935
$1,831,381
+26%
Property, Plant, & Equipment (net)
-
$391,238
-
Other Assets
$454,100
$0
-100%
Total Assets
$4,523,574
$4,858,118
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$628,253
$836,793
+33%
Grants Payable
-
-
-
Deferred Revenue
$1,534,997
$1,481,810
-3%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$454,100
$0
-100%
Total Liabilities
$2,617,350
$2,318,603
-11%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$1,906,224
$2,539,515
+33%
Net assets
2023
2024
Change
Net assets
+$1,906,224
+$2,539,515
+33%
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