SOUTHEAST MICHIGAN COMMUNITY ALLIANCE
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$12,315,677
Receivables (Non-Related)
43%
Other Assets
30%
Cash & Equivalents
20%
Prepaid Expenses
5%
Property, Plant, & Equipment (net)
3%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$10,323,297
Payables & Accruals
57%
Other Liabilities
36%
Deferred Revenue
7%
Grants Payable
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
$5,925,385
$2,425,612
-59%
Receivables (Non-Related)
$2,909,461
$5,321,675
+83%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$524,622
$594,137
+13%
Investments
-
-
-
Property, Plant, & Equipment (net)
$366,211
$319,423
-13%
Other Assets
$3,363,212
$3,654,830
+9%
Total Assets
$13,088,891
$12,315,677
-6%
Liabilities
2023
2024
Change
Payables & Accruals
$4,504,710
$5,900,921
+31%
Grants Payable
-
-
-
Deferred Revenue
$3,849,554
$671,144
-83%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$3,440,592
$3,751,232
+9%
Total Liabilities
$11,794,856
$10,323,297
-12%
Net assets
2023
2024
Change
Restricted Net Assets
$363,020
$529,685
+46%
Unrestricted Net Assets
$931,015
$1,462,695
+57%
Net assets
2023
2024
Change
Net assets
+$1,294,035
+$1,992,380
+54%
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