ICAFUND FKA INNER CITY ADVISORS
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$23,929,138
Cash & Equivalents
48%
Investments
45%
Receivables (Non-Related)
6%
Other Assets
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$12,434,317
Notes Payable / Debt (Non-Related)
92%
Payables & Accruals
4%
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
$9,165,504
$11,404,863
+24%
Receivables (Non-Related)
$775,533
$1,456,379
+88%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$17,369
-
Investments
$12,608,972
$10,810,500
-14%
Property, Plant, & Equipment (net)
$0
$0
-
Other Assets
$274,025
$240,027
-12%
Total Assets
$22,824,034
$23,929,138
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$379,209
$543,663
+43%
Grants Payable
-
-
-
Deferred Revenue
$1,066,000
$490,654
-54%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$7,800,000
$11,400,000
+46%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$9,245,209
$12,434,317
+34%
Net assets
2023
2024
Change
Restricted Net Assets
$2,512,647
$2,323,496
-8%
Unrestricted Net Assets
$11,066,178
$9,171,325
-17%
Net assets
2023
2024
Change
Net assets
+$13,578,825
+$11,494,821
-15%
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