FIRST HOMES PROPERTIES
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$19,924,240
Other Assets
59%
Property, Plant, & Equipment (net)
24%
Cash & Equivalents
9%
Receivables (Non-Related)
7%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$3,926,951
Notes Payable / Debt (Non-Related)
55%
Other Liabilities
42%
Payables & Accruals
2%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,961,265
$1,824,745
-7%
Receivables (Non-Related)
$1,262,337
$1,447,531
+15%
Related-Party Receivables
$159,500
$0
-100%
Inventories
-
-
-
Prepaid Expenses
$10,234
$10,057
-2%
Investments
-
-
-
Property, Plant, & Equipment (net)
$6,683,831
$4,791,680
-28%
Other Assets
$10,869,486
$11,850,227
+9%
Total Assets
$20,946,653
$19,924,240
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$184,418
$69,156
-63%
Grants Payable
-
-
-
Deferred Revenue
$104,000
$29,000
-72%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,225,604
$2,177,786
-2%
Related-Party Payables
-
-
-
Other Liabilities
$3,451,332
$1,651,009
-52%
Total Liabilities
$5,965,354
$3,926,951
-34%
Net assets
2023
2024
Change
Restricted Net Assets
$13,289,146
$13,715,827
+3%
Unrestricted Net Assets
$1,692,153
$2,281,462
+35%
Net assets
2023
2024
Change
Net assets
+$14,981,299
+$15,997,289
+7%
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