New Life Center
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$8,571,932
Property, Plant, & Equipment (net)
33%
Investments
30%
Cash & Equivalents
23%
Other Assets
8%
Receivables (Non-Related)
4%
Inventories
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$1,577,054
Other Liabilities
45%
Notes Payable / Debt (Non-Related)
39%
Payables & Accruals
15%
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
$1,020,977
$1,951,984
+91%
Receivables (Non-Related)
$415,586
$367,421
-12%
Related-Party Receivables
-
-
-
Inventories
$36,890
$88,516
+140%
Prepaid Expenses
$15,374
$22,470
+46%
Investments
$2,345,958
$2,592,894
+11%
Property, Plant, & Equipment (net)
$2,546,921
$2,841,198
+12%
Other Assets
$796,937
$707,449
-11%
Total Assets
$7,178,643
$8,571,932
+19%
Liabilities
2023
2024
Change
Payables & Accruals
$193,454
$243,396
+26%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$587,029
$616,510
+5%
Related-Party Payables
-
-
-
Other Liabilities
$802,586
$717,148
-11%
Total Liabilities
$1,583,069
$1,577,054
0%
Net assets
2023
2024
Change
Restricted Net Assets
$768,370
$1,577,916
+105%
Unrestricted Net Assets
$4,827,204
$5,416,962
+12%
Net assets
2023
2024
Change
Net assets
+$5,595,574
+$6,994,878
+25%
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