THE LOFTE ASSOCIATION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,929,885
Property, Plant, & Equipment (net)
78%
Cash & Equivalents
20%
Prepaid Expenses
1%
Investments
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,344,557
Notes Payable / Debt (Non-Related)
98%
Other Liabilities
2%
Payables & Accruals
<1%
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
$416,202
$392,264
-6%
Receivables (Non-Related)
$1,675
$3,670
+119%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$19,549
$20,512
+5%
Investments
$8,643
$7,444
-14%
Property, Plant, & Equipment (net)
$1,534,669
$1,505,995
-2%
Other Assets
-
-
-
Total Assets
$1,980,738
$1,929,885
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$1,971
$633
-68%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,357,055
$1,319,949
-3%
Related-Party Payables
-
-
-
Other Liabilities
$28,347
$23,975
-15%
Total Liabilities
$1,387,373
$1,344,557
-3%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$593,365
$585,328
-1%
Net assets
2023
2024
Change
Net assets
+$593,365
+$585,328
-1%
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