WELL-SPRING RETIREMENT COMMUNITY INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$139,126,189
Property, Plant, & Equipment (net)
56%
Investments
26%
Other Assets
15%
Cash & Equivalents
2%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$93,476,921
Deferred Revenue
52%
Tax-Exempt Bond Liabilities
44%
Payables & Accruals
3%
Other Liabilities
1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,032,897
$2,824,608
+173%
Receivables (Non-Related)
$1,456,890
$894,370
-39%
Related-Party Receivables
-
$0
-
Inventories
$108,851
$69,641
-36%
Prepaid Expenses
$212,068
$71,246
-66%
Investments
$34,662,209
$35,690,305
+3%
Property, Plant, & Equipment (net)
$82,287,010
$78,480,450
-5%
Other Assets
$18,970,743
$21,095,569
+11%
Total Assets
$138,730,668
$139,126,189
+0%
Liabilities
2023
2024
Change
Payables & Accruals
$3,559,022
$3,090,479
-13%
Grants Payable
-
$0
-
Deferred Revenue
$48,918,536
$48,165,432
-2%
Tax-Exempt Bond Liabilities
$42,763,442
$40,981,089
-4%
Custodial & Escrow Liabilities
-
$0
-
Notes Payable / Debt (Non-Related)
-
$0
-
Related-Party Payables
-
$0
-
Other Liabilities
$1,352,105
$1,239,921
-8%
Total Liabilities
$96,593,105
$93,476,921
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$1,429,765
$1,503,393
+5%
Unrestricted Net Assets
$40,707,798
$44,145,875
+8%
Net assets
2023
2024
Change
Net assets
+$42,137,563
+$45,649,268
+8%
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