CONNECT DETROIT
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,460,596
Cash & Equivalents
57%
Receivables (Non-Related)
20%
Other Assets
16%
Property, Plant, & Equipment (net)
4%
Prepaid Expenses
2%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$277,881
Other Liabilities
83%
Payables & Accruals
17%
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%
Assets
2023
2024
Change
Cash & Equivalents
$1,049,256
$839,093
-20%
Receivables (Non-Related)
$135,761
$296,134
+118%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$35,802
$27,031
-24%
Investments
-
-
-
Property, Plant, & Equipment (net)
$66,077
$61,472
-7%
Other Assets
$358,122
$236,866
-34%
Total Assets
$1,645,018
$1,460,596
-11%
Liabilities
2023
2024
Change
Payables & Accruals
$222,729
$46,581
-79%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$352,555
$231,300
-34%
Total Liabilities
$575,284
$277,881
-52%
Net assets
2023
2024
Change
Restricted Net Assets
$146
$362,543
+248217%
Unrestricted Net Assets
$1,069,588
$820,172
-23%
Net assets
2023
2024
Change
Net assets
+$1,069,734
+$1,182,715
+11%
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