PRESBYTERIAN RETIREMENT HOMES OF BIRMINGHAM INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$49,749,194
Property, Plant, & Equipment (net)
82%
Other Assets
7%
Investments
6%
Receivables (Non-Related)
4%
Cash & Equivalents
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$39,933,744
Notes Payable / Debt (Non-Related)
75%
Deferred Revenue
12%
Other Liabilities
9%
Payables & Accruals
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$399,489
$552,848
+38%
Receivables (Non-Related)
$912,487
$2,213,836
+143%
Related-Party Receivables
-
-
-
Inventories
$59,579
$64,559
+8%
Prepaid Expenses
$163,645
$185,355
+13%
Investments
$2,542,280
$2,756,798
+8%
Property, Plant, & Equipment (net)
$41,138,228
$40,615,222
-1%
Other Assets
$1,192,618
$3,360,576
+182%
Total Assets
$46,408,326
$49,749,194
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$1,346,057
$1,476,157
+10%
Grants Payable
-
-
-
Deferred Revenue
$3,381,939
$4,868,595
+44%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$30,483,863
$29,860,512
-2%
Related-Party Payables
-
-
-
Other Liabilities
$2,357,617
$3,728,480
+58%
Total Liabilities
$37,569,476
$39,933,744
+6%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$8,838,850
$9,815,450
+11%
Net assets
2023
2024
Change
Net assets
+$8,838,850
+$9,815,450
+11%
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