MINNESOTA HOME OWNERSHIP CENTER
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$15,340,082
Investments
78%
Cash & Equivalents
17%
Receivables (Non-Related)
5%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$498,125
Payables & Accruals
88%
Deferred Revenue
12%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,954,380
$2,540,030
+30%
Receivables (Non-Related)
$534,551
$702,297
+31%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$43,384
$40,327
-7%
Investments
$11,490,511
$11,923,401
+4%
Property, Plant, & Equipment (net)
$180,120
$134,027
-26%
Other Assets
$57,448
$0
-100%
Total Assets
$14,260,394
$15,340,082
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$913,664
$438,125
-52%
Grants Payable
-
-
-
Deferred Revenue
$57,157
$60,000
+5%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$970,821
$498,125
-49%
Net assets
2023
2024
Change
Restricted Net Assets
$900,000
$2,571,179
+186%
Unrestricted Net Assets
$12,389,573
$12,270,778
-1%
Net assets
2023
2024
Change
Net assets
+$13,289,573
+$14,841,957
+12%
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