THE LUTHERAN HOME ASSOCIATION
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$22,199,758
Property, Plant, & Equipment (net)
76%
Receivables (Non-Related)
9%
Other Assets
6%
Cash & Equivalents
5%
Investments
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$25,561,760
Tax-Exempt Bond Liabilities
71%
Other Liabilities
20%
Payables & Accruals
7%
Deferred Revenue
1%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,594,095
$1,169,205
-27%
Receivables (Non-Related)
$1,727,882
$2,019,938
+17%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$50,616
$36,017
-29%
Investments
$1,266,459
$760,331
-40%
Property, Plant, & Equipment (net)
$19,021,291
$16,870,008
-11%
Other Assets
$1,248,112
$1,344,259
+8%
Total Assets
$24,908,455
$22,199,758
-11%
Liabilities
2023
2024
Change
Payables & Accruals
$2,198,580
$1,706,814
-22%
Grants Payable
-
-
-
Deferred Revenue
$263,282
$320,217
+22%
Tax-Exempt Bond Liabilities
$22,162,239
$18,257,355
-18%
Custodial & Escrow Liabilities
$267,572
$121,337
-55%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$5,153,868
$5,156,037
+0%
Total Liabilities
$30,045,541
$25,561,760
-15%
Net assets
2023
2024
Change
Restricted Net Assets
$670,573
$639,174
-5%
Unrestricted Net Assets
-$5,807,659
-$4,001,176
+31%
Net assets
2023
2024
Change
Net assets
-$5,137,086
-$3,362,002
+35%
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