IMMANUEL LUTHERAN COMMUNITIES
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$71,212,509
Property, Plant, & Equipment (net)
66%
Investments
21%
Cash & Equivalents
9%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Inventories
<1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$73,720,350
Tax-Exempt Bond Liabilities
76%
Custodial & Escrow Liabilities
16%
Deferred Revenue
5%
Payables & Accruals
4%
Other Liabilities
<1%
Grants Payable
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,075,398
$6,400,802
-21%
Receivables (Non-Related)
$2,899,609
$2,224,464
-23%
Related-Party Receivables
-
-
-
Inventories
$58,585
$62,606
+7%
Prepaid Expenses
$235,711
$186,715
-21%
Investments
$12,042,037
$15,257,889
+27%
Property, Plant, & Equipment (net)
$47,948,042
$47,050,706
-2%
Other Assets
$29,327
$29,327
+0%
Total Assets
$71,288,709
$71,212,509
0%
Liabilities
2023
2024
Change
Payables & Accruals
$2,091,203
$2,596,525
+24%
Grants Payable
-
-
-
Deferred Revenue
$2,240,889
$3,547,476
+58%
Tax-Exempt Bond Liabilities
$56,636,419
$55,756,074
-2%
Custodial & Escrow Liabilities
$11,854,120
$11,773,275
-1%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$56,000
$47,000
-16%
Total Liabilities
$72,878,631
$73,720,350
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$1,019,262
$915,159
-10%
Unrestricted Net Assets
-$2,609,184
-$3,423,000
-31%
Net assets
2023
2024
Change
Net assets
-$1,589,922
-$2,507,841
-58%
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