COVENANT HOUSE MICHIGAN
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$12,026,891
Property, Plant, & Equipment (net)
68%
Investments
21%
Cash & Equivalents
7%
Receivables (Non-Related)
5%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$629,807
Payables & Accruals
>99%
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%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,700,531
$795,838
-53%
Receivables (Non-Related)
$586,738
$556,045
-5%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$31,738
$63,836
+101%
Investments
$3,822,891
$2,472,020
-35%
Property, Plant, & Equipment (net)
$7,631,725
$8,136,743
+7%
Other Assets
$25,688
$2,409
-91%
Total Assets
$13,799,311
$12,026,891
-13%
Liabilities
2023
2024
Change
Payables & Accruals
$560,152
$629,807
+12%
Grants Payable
-
-
-
Deferred Revenue
$65,926
$0
-100%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$626,078
$629,807
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$361,304
$458,875
+27%
Unrestricted Net Assets
$12,811,929
$10,938,209
-15%
Net assets
2023
2024
Change
Net assets
+$13,173,233
+$11,397,084
-13%
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