HURON AREA CENTER FOR INDEPENDENCE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$20,538,865
Cash & Equivalents
74%
Property, Plant, & Equipment (net)
13%
Receivables (Non-Related)
7%
Investments
5%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$2,276,734
Payables & Accruals
76%
Notes Payable / Debt (Non-Related)
21%
Deferred Revenue
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$13,633,114
$15,150,390
+11%
Receivables (Non-Related)
$1,339,392
$1,528,018
+14%
Related-Party Receivables
-
-
-
Inventories
$7,913
$6,322
-20%
Prepaid Expenses
$46,282
$51,414
+11%
Investments
$901,583
$1,076,530
+19%
Property, Plant, & Equipment (net)
$2,423,816
$2,726,191
+12%
Other Assets
-
-
-
Total Assets
$18,352,100
$20,538,865
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$1,597,145
$1,720,717
+8%
Grants Payable
-
-
-
Deferred Revenue
$2,412,588
$80,174
-97%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$558,356
$475,843
-15%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$4,568,089
$2,276,734
-50%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$13,784,011
+$18,262,131
+32%
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