DETROIT HISPANIC DEVELOPMENT CORPORATION
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$2,536,026
Property, Plant, & Equipment (net)
48%
Receivables (Non-Related)
41%
Cash & Equivalents
10%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$939,715
Notes Payable / Debt (Non-Related)
76%
Payables & Accruals
19%
Deferred Revenue
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$243,518
$264,538
+9%
Receivables (Non-Related)
$525,239
$1,039,582
+98%
Related-Party Receivables
-
-
-
Inventories
-
$13,675
-
Prepaid Expenses
$6,499
$6,537
+1%
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,298,745
$1,211,694
-7%
Other Assets
-
-
-
Total Assets
$2,074,001
$2,536,026
+22%
Liabilities
2023
2024
Change
Payables & Accruals
$121,395
$178,911
+47%
Grants Payable
-
-
-
Deferred Revenue
-
$46,716
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$639,778
$714,088
+12%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$761,173
$939,715
+23%
Net assets
2023
2024
Change
Restricted Net Assets
$1,376,521
$1,454,472
+6%
Unrestricted Net Assets
-$63,693
$141,839
-323%
Net assets
2023
2024
Change
Net assets
+$1,312,828
+$1,596,311
+22%
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