FAIRHOPE SINGLE TAX CORPORATIONPub 78
Pub 78
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$14,380,889
Cash & Equivalents
89%
Property, Plant, & Equipment (net)
4%
Receivables (Non-Related)
3%
Investments
3%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$4,110,028
Payables & Accruals
69%
Grants Payable
24%
Other Liabilities
5%
Deferred Revenue
2%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$10,264,665
$12,761,186
+24%
Receivables (Non-Related)
$1,394,023
$488,585
-65%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$26,134
$25,759
-1%
Investments
-
$400,655
-
Property, Plant, & Equipment (net)
$610,384
$600,734
-2%
Other Assets
$33,350
$103,970
+212%
Total Assets
$12,328,556
$14,380,889
+17%
Liabilities
2023
2024
Change
Payables & Accruals
$2,581,692
$2,837,206
+10%
Grants Payable
$47,500
$977,500
+1958%
Deferred Revenue
$31,492
$72,111
+129%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,613
$223,211
+13738%
Total Liabilities
$2,662,297
$4,110,028
+54%
Net assets
2023
2024
Change
Restricted Net Assets
$40,000
$40,750
+2%
Unrestricted Net Assets
$9,626,259
$10,230,111
+6%
Net assets
2023
2024
Change
Net assets
+$9,666,259
+$10,270,861
+6%
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