MOUNTAIN EMPIRE OLDER CITIZENS INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$9,122,230
Property, Plant, & Equipment (net)
54%
Cash & Equivalents
37%
Receivables (Non-Related)
9%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$5,121,952
Notes Payable / Debt (Non-Related)
72%
Payables & Accruals
18%
Other Liabilities
10%
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
$4,291,601
$3,406,482
-21%
Receivables (Non-Related)
$318,341
$795,740
+150%
Related-Party Receivables
-
-
-
Inventories
$18,629
$12,148
-35%
Prepaid Expenses
$0
$10,968
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$4,501,706
$4,896,892
+9%
Other Assets
-
-
-
Total Assets
$9,130,277
$9,122,230
0%
Liabilities
2023
2024
Change
Payables & Accruals
$792,078
$919,220
+16%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,826,510
$3,698,154
-3%
Related-Party Payables
-
-
-
Other Liabilities
$475,322
$504,578
+6%
Total Liabilities
$5,093,910
$5,121,952
+1%
Net assets
2023
2024
Change
Restricted Net Assets
-
$257,468
-
Unrestricted Net Assets
$4,036,367
$3,742,810
-7%
Net assets
2023
2024
Change
Net assets
+$4,036,367
+$4,000,278
-1%
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