Burlington Development Corporation
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$20,255,187
Property, Plant, & Equipment (net)
77%
Cash & Equivalents
16%
Other Assets
6%
Prepaid Expenses
<1%
Inventories
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$5,780,559
Notes Payable / Debt (Non-Related)
73%
Payables & Accruals
27%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,045,797
$3,308,578
+62%
Receivables (Non-Related)
$32,152
$35,266
+10%
Related-Party Receivables
$0
$0
-
Inventories
$0
$37,893
-
Prepaid Expenses
$0
$100,866
-
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$6,785,310
$15,544,311
+129%
Other Assets
$4,959,838
$1,228,273
-75%
Total Assets
$13,823,097
$20,255,187
+47%
Liabilities
2023
2024
Change
Payables & Accruals
$42,270
$1,560,876
+3593%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$50,000
$4,219,683
+8339%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$92,270
$5,780,559
+6165%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$13,730,827
$14,474,628
+5%
Net assets
2023
2024
Change
Net assets
+$13,730,827
+$14,474,628
+5%
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