Maryland Rural Development Corporation
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$5,549,444
Other Assets
48%
Receivables (Non-Related)
22%
Property, Plant, & Equipment (net)
22%
Cash & Equivalents
7%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$4,359,144
Other Liabilities
66%
Payables & Accruals
21%
Deferred Revenue
7%
Notes Payable / Debt (Non-Related)
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$157,980
$380,105
+141%
Receivables (Non-Related)
$1,363,439
$1,240,456
-9%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$68,583
$56,628
-17%
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,241,196
$1,229,570
-1%
Other Assets
$2,890,188
$2,642,685
-9%
Total Assets
$5,721,386
$5,549,444
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$833,810
$914,850
+10%
Grants Payable
-
-
-
Deferred Revenue
$362,220
$325,775
-10%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,336,028
$222,978
-93%
Related-Party Payables
-
-
-
Other Liabilities
-
$2,895,541
-
Total Liabilities
$4,532,058
$4,359,144
-4%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$1,189,328
$1,190,300
+0%
Net assets
2023
2024
Change
Net assets
+$1,189,328
+$1,190,300
+0%
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