SECOND CHANCE THROUGH FAITH
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$204,866
Property, Plant, & Equipment (net)
75%
Cash & Equivalents
25%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$173,519
Deferred Revenue
61%
Notes Payable / Debt (Non-Related)
39%
Payables & Accruals
<1%
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
$35,222
$50,769
+44%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$220,017
$154,097
-30%
Other Assets
-
-
-
Total Assets
$255,239
$204,866
-20%
Liabilities
2023
2024
Change
Payables & Accruals
-
$11
-
Grants Payable
-
-
-
Deferred Revenue
$74,074
$105,297
+42%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$140,735
$68,211
-52%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$214,809
$173,519
-19%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$40,430
$31,347
-22%
Net assets
2023
2024
Change
Net assets
+$40,430
+$31,347
-22%
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