ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$7,515,575
Cash & Equivalents
57%
Investments
39%
Property, Plant, & Equipment (net)
4%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$226,923
Payables & Accruals
56%
Deferred Revenue
44%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,648,034
$4,269,918
-36%
Receivables (Non-Related)
$95,177
$4,721
-95%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$19,742
$25,738
+30%
Investments
-
$2,935,697
-
Property, Plant, & Equipment (net)
$304,177
$279,501
-8%
Other Assets
-
-
-
Total Assets
$7,067,130
$7,515,575
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$92,020
$126,923
+38%
Grants Payable
-
-
-
Deferred Revenue
$100,000
$100,000
+0%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,200
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$193,220
$226,923
+17%
Net assets
2023
2024
Change
Restricted Net Assets
$488,232
$481,890
-1%
Unrestricted Net Assets
$6,385,678
$6,806,762
+7%
Net assets
2023
2024
Change
Net assets
+$6,873,910
+$7,288,652
+6%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)