SOUTHERN MUTUAL HELP ASSOCIATION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$6,097,271
Inventories
97%
Property, Plant, & Equipment (net)
2%
Cash & Equivalents
1%
Receivables (Non-Related)
<1%
Other Assets
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$4,470,173
Notes Payable / Debt (Non-Related)
64%
Other Liabilities
34%
Related-Party Payables
2%
Payables & Accruals
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$454,261
$74,288
-84%
Receivables (Non-Related)
$10,000
$10,000
+0%
Related-Party Receivables
$0
$0
-
Inventories
$5,585,768
$5,920,295
+6%
Prepaid Expenses
$0
$0
-
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$96,174
$92,685
-4%
Other Assets
$0
$3
-
Total Assets
$6,146,203
$6,097,271
-1%
Liabilities
2023
2024
Change
Payables & Accruals
-
$1,380
-
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,900,511
$2,872,511
-1%
Related-Party Payables
-
$80,000
-
Other Liabilities
$1,226,186
$1,516,282
+24%
Total Liabilities
$4,126,697
$4,470,173
+8%
Net assets
2023
2024
Change
Restricted Net Assets
$1,966,954
$2,132,569
+8%
Unrestricted Net Assets
$52,552
-$505,471
-1062%
Net assets
2023
2024
Change
Net assets
+$2,019,506
+$1,627,098
-19%
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