HOPE IS ALIVE MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$28,386,896
Property, Plant, & Equipment (net)
54%
Cash & Equivalents
34%
Receivables (Non-Related)
10%
Other Assets
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$4,326,600
Notes Payable / Debt (Non-Related)
69%
Other Liabilities
17%
Payables & Accruals
14%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,712,437
$9,521,328
+23%
Receivables (Non-Related)
$10,449
$2,855,275
+27226%
Related-Party Receivables
-
$0
-
Inventories
-
$41,975
-
Prepaid Expenses
$65,036
$176,844
+172%
Investments
-
$0
-
Property, Plant, & Equipment (net)
$10,029,709
$15,201,531
+52%
Other Assets
$792,124
$589,943
-26%
Total Assets
$18,609,755
$28,386,896
+53%
Liabilities
2023
2024
Change
Payables & Accruals
$135,878
$588,209
+333%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$757,152
$2,998,448
+296%
Related-Party Payables
-
-
-
Other Liabilities
$724,172
$739,943
+2%
Total Liabilities
$1,617,202
$4,326,600
+168%
Net assets
2023
2024
Change
Restricted Net Assets
$1,805,547
$7,763,931
+330%
Unrestricted Net Assets
$15,187,006
$16,296,365
+7%
Net assets
2023
2024
Change
Net assets
+$16,992,553
+$24,060,296
+42%
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