ERIE DOWNTOWN DEVELOPMENT CORPORATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$6,850,254
Other Assets
57%
Receivables (Non-Related)
19%
Property, Plant, & Equipment (net)
13%
Cash & Equivalents
10%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$5,781,138
Notes Payable / Debt (Non-Related)
89%
Payables & Accruals
10%
Other Liabilities
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$736,711
$702,804
-5%
Receivables (Non-Related)
$5,292
$1,302,819
+24519%
Related-Party Receivables
-
-
-
Inventories
$21,537
$1,507
-93%
Prepaid Expenses
$23,045
$22,333
-3%
Investments
-
-
-
Property, Plant, & Equipment (net)
$918,467
$905,564
-1%
Other Assets
$3,268,846
$3,915,227
+20%
Total Assets
$4,973,898
$6,850,254
+38%
Liabilities
2023
2024
Change
Payables & Accruals
$462,903
$606,089
+31%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,805,800
$5,169,586
+8%
Related-Party Payables
-
-
-
Other Liabilities
$107,536
$5,463
-95%
Total Liabilities
$5,376,239
$5,781,138
+8%
Net assets
2023
2024
Change
Restricted Net Assets
$150,000
-
-
Unrestricted Net Assets
-$552,341
$1,069,116
-294%
Net assets
2023
2024
Change
Net assets
-$402,341
+$1,069,116
-366%
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