COMMUNITY DEVELOPMENT ADVOCATES OF DETROIT
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,885,447
Cash & Equivalents
70%
Receivables (Non-Related)
28%
Prepaid Expenses
1%
Other Assets
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,029,068
Deferred Revenue
90%
Payables & Accruals
8%
Other Liabilities
2%
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
$2,342,939
$2,012,014
-14%
Receivables (Non-Related)
$200,000
$797,064
+299%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$16,231
$33,063
+104%
Investments
-
-
-
Property, Plant, & Equipment (net)
$31,534
$16,436
-48%
Other Assets
$24,843
$26,870
+8%
Total Assets
$2,615,547
$2,885,447
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$107,822
$79,417
-26%
Grants Payable
-
-
-
Deferred Revenue
$877,733
$924,069
+5%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$66,563
$25,582
-62%
Total Liabilities
$1,052,118
$1,029,068
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$1,198,462
-
-
Unrestricted Net Assets
$364,967
$1,856,379
+409%
Net assets
2023
2024
Change
Net assets
+$1,563,429
+$1,856,379
+19%
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