FAMILY PROMISE OF GRAND RAPIDS
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$11,004,375
Property, Plant, & Equipment (net)
77%
Inventories
12%
Cash & Equivalents
6%
Receivables (Non-Related)
5%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$5,074,001
Notes Payable / Debt (Non-Related)
95%
Payables & Accruals
4%
Deferred Revenue
<1%
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
$790,870
$662,520
-16%
Receivables (Non-Related)
$1,317,513
$553,475
-58%
Related-Party Receivables
-
-
-
Inventories
$1,446,664
$1,340,664
-7%
Prepaid Expenses
$11,881
$17,322
+46%
Investments
-
-
-
Property, Plant, & Equipment (net)
$8,460,822
$8,430,394
0%
Other Assets
$12,972
$0
-100%
Total Assets
$12,040,722
$11,004,375
-9%
Liabilities
2023
2024
Change
Payables & Accruals
$264,815
$210,313
-21%
Grants Payable
-
-
-
Deferred Revenue
$57,403
$40,909
-29%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,149,126
$4,822,779
+16%
Related-Party Payables
-
-
-
Other Liabilities
$4,803
$0
-100%
Total Liabilities
$4,476,147
$5,074,001
+13%
Net assets
2023
2024
Change
Restricted Net Assets
$1,464,805
$311,490
-79%
Unrestricted Net Assets
$6,099,770
$5,618,884
-8%
Net assets
2023
2024
Change
Net assets
+$7,564,575
+$5,930,374
-22%
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