DETROIT AREA AGENCY ON AGING
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$45,484,870
Cash & Equivalents
35%
Receivables (Non-Related)
34%
Investments
21%
Other Assets
10%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$16,319,727
Payables & Accruals
69%
Other Liabilities
31%
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
$18,142,132
$15,842,431
-13%
Receivables (Non-Related)
$10,951,218
$15,609,855
+43%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$37,285
$18,664
-50%
Investments
$6,920,946
$9,491,088
+37%
Property, Plant, & Equipment (net)
$0
$0
-
Other Assets
$5,003,668
$4,522,832
-10%
Total Assets
$41,055,249
$45,484,870
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$10,458,406
$11,280,032
+8%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$4,995,710
$5,039,695
+1%
Total Liabilities
$15,454,116
$16,319,727
+6%
Net assets
2023
2024
Change
Restricted Net Assets
$1,759,445
$2,799,748
+59%
Unrestricted Net Assets
$23,841,688
$26,365,395
+11%
Net assets
2023
2024
Change
Net assets
+$25,601,133
+$29,165,143
+14%
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