WEST MIDLAND FAMILY CENTER
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$26,188,330
Investments
63%
Property, Plant, & Equipment (net)
24%
Receivables (Non-Related)
9%
Cash & Equivalents
4%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$278,917
Payables & Accruals
87%
Grants Payable
13%
Deferred Revenue
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
$98,528
$1,118,361
+1035%
Receivables (Non-Related)
$844,124
$2,348,663
+178%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$3,182
$2,086
-34%
Investments
$15,215,842
$16,384,693
+8%
Property, Plant, & Equipment (net)
$6,661,055
$6,334,527
-5%
Other Assets
-
-
-
Total Assets
$22,822,731
$26,188,330
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$236,802
$241,400
+2%
Grants Payable
-
$37,517
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$236,802
$278,917
+18%
Net assets
2023
2024
Change
Restricted Net Assets
$5,710,078
$8,089,849
+42%
Unrestricted Net Assets
$16,875,851
$17,819,564
+6%
Net assets
2023
2024
Change
Net assets
+$22,585,929
+$25,909,413
+15%
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