ELEVATION COMMUNITY LAND TRUST
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$101,986,913
Property, Plant, & Equipment (net)
89%
Other Assets
5%
Cash & Equivalents
3%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$59,867,361
Notes Payable / Debt (Non-Related)
89%
Other Liabilities
8%
Payables & Accruals
2%
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
$7,641,169
$3,209,661
-58%
Receivables (Non-Related)
$2,421,369
$2,971,679
+23%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$103,813
$172,997
+67%
Investments
-
-
-
Property, Plant, & Equipment (net)
$71,436,512
$90,713,264
+27%
Other Assets
$1,245,918
$4,919,312
+295%
Total Assets
$82,848,781
$101,986,913
+23%
Liabilities
2023
2024
Change
Payables & Accruals
$1,082,193
$1,435,762
+33%
Grants Payable
-
-
-
Deferred Revenue
$1,000,000
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$45,635,096
$53,487,443
+17%
Related-Party Payables
-
-
-
Other Liabilities
$316,432
$4,944,156
+1462%
Total Liabilities
$48,033,721
$59,867,361
+25%
Net assets
2023
2024
Change
Restricted Net Assets
$3,040,743
$2,677,744
-12%
Unrestricted Net Assets
$31,774,317
$39,441,808
+24%
Net assets
2023
2024
Change
Net assets
+$34,815,060
+$42,119,552
+21%
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