LATINO ECONOMIC DEVELOPMENT CORPORATION
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$22,739,345
Receivables (Non-Related)
56%
Cash & Equivalents
29%
Property, Plant, & Equipment (net)
9%
Investments
4%
Other Assets
3%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$5,981,528
Notes Payable / Debt (Non-Related)
55%
Other Liabilities
27%
Payables & Accruals
18%
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
$9,605,094
$6,588,211
-31%
Receivables (Non-Related)
$12,118,416
$12,631,267
+4%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$822,859
$822,859
+0%
Property, Plant, & Equipment (net)
$2,195,232
$2,117,668
-4%
Other Assets
$462,625
$579,340
+25%
Total Assets
$25,204,226
$22,739,345
-10%
Liabilities
2023
2024
Change
Payables & Accruals
$745,372
$1,080,719
+45%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,041,045
$3,294,087
-18%
Related-Party Payables
-
-
-
Other Liabilities
$1,922,055
$1,606,722
-16%
Total Liabilities
$6,687,074
$5,981,528
-11%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$18,517,152
+$16,757,817
-10%
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