GALA COMMUNITY CENTER
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$4,275,222
Property, Plant, & Equipment (net)
78%
Cash & Equivalents
20%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,020,490
Other Liabilities
88%
Payables & Accruals
12%
Deferred Revenue
<1%
Grants Payable
0%
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
$321,341
$871,778
+171%
Receivables (Non-Related)
$64,846
$44,154
-32%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$7,642
$3,281
-57%
Investments
-
-
-
Property, Plant, & Equipment (net)
$2,349,970
$3,356,009
+43%
Other Assets
-
-
-
Total Assets
$2,743,799
$4,275,222
+56%
Liabilities
2023
2024
Change
Payables & Accruals
$8,618
$121,149
+1306%
Grants Payable
-
-
-
Deferred Revenue
$275
$2,529
+820%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$16,678
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$896,812
-
Total Liabilities
$25,571
$1,020,490
+3891%
Net assets
2023
2024
Change
Restricted Net Assets
$254,351
$402,723
+58%
Unrestricted Net Assets
$2,463,877
$2,852,009
+16%
Net assets
2023
2024
Change
Net assets
+$2,718,228
+$3,254,732
+20%
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