ACTS COMMUNITY DEVELOPMENT CORPORATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$16,292,957
Receivables (Non-Related)
73%
Investments
20%
Cash & Equivalents
4%
Other Assets
2%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$10,603,850
Payables & Accruals
91%
Custodial & Escrow Liabilities
7%
Deferred Revenue
2%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,332,712
$674,155
-49%
Receivables (Non-Related)
$8,259,328
$11,868,434
+44%
Related-Party Receivables
-
-
-
Inventories
-
$13,737
-
Prepaid Expenses
$98,525
$66,500
-33%
Investments
$4,360,795
$3,265,905
-25%
Property, Plant, & Equipment (net)
$713,676
$54,226
-92%
Other Assets
$1,355
$350,000
+25730%
Total Assets
$14,766,391
$16,292,957
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$2,366,897
$9,692,062
+309%
Grants Payable
-
-
-
Deferred Revenue
$128,156
$173,000
+35%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$875,761
$737,288
-16%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$7,342
$1,500
-80%
Total Liabilities
$3,378,156
$10,603,850
+214%
Net assets
2023
2024
Change
Restricted Net Assets
$7,614,117
$2,043,190
-73%
Unrestricted Net Assets
$3,774,118
$3,645,917
-3%
Net assets
2023
2024
Change
Net assets
+$11,388,235
+$5,689,107
-50%
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