LIGHT OF LIFE MINISTRIES
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2025 (Year End)
$448,420
Property, Plant, & Equipment (net)
98%
Cash & Equivalents
2%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$612,526
Notes Payable / Debt (Non-Related)
84%
Payables & Accruals
15%
Related-Party Payables
1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$73,469
$7,404
-90%
Receivables (Non-Related)
$9,398
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$430,298
$441,016
+2%
Other Assets
-
-
-
Total Assets
$513,165
$448,420
-13%
Liabilities
2024
2025
Change
Payables & Accruals
$65,918
$90,983
+38%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$488,740
$515,043
+5%
Related-Party Payables
$36,500
$6,500
-82%
Other Liabilities
-
-
-
Total Liabilities
$591,158
$612,526
+4%
Net assets
2024
2025
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
-$77,993
-$164,106
-110%
Net assets
2024
2025
Change
Net assets
-$77,993
-$164,106
-110%
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