HOMELESS ACTION NETWORK OF DETROIT
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$12,455,438
Prepaid Expenses
59%
Receivables (Non-Related)
25%
Cash & Equivalents
16%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$10,864,165
Grants Payable
86%
Payables & Accruals
14%
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
$798,675
$1,995,957
+150%
Receivables (Non-Related)
$31,820,191
$3,058,864
-90%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$12,628
$7,400,617
+58505%
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$32,631,494
$12,455,438
-62%
Liabilities
2023
2024
Change
Payables & Accruals
$166,697
$1,543,734
+826%
Grants Payable
$31,004,210
$9,320,431
-70%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$31,170,907
$10,864,165
-65%
Net assets
2023
2024
Change
Restricted Net Assets
$1,036,300
$1,232,781
+19%
Unrestricted Net Assets
$424,287
$358,492
-16%
Net assets
2023
2024
Change
Net assets
+$1,460,587
+$1,591,273
+9%
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