New Life Center
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$9,005,178
Property, Plant, & Equipment (net)
41%
Investments
28%
Cash & Equivalents
15%
Receivables (Non-Related)
8%
Other Assets
7%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$1,972,592
Payables & Accruals
35%
Notes Payable / Debt (Non-Related)
33%
Other Liabilities
32%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$1,951,984
$1,332,103
-32%
Receivables (Non-Related)
$367,421
$724,602
+97%
Related-Party Receivables
-
-
-
Inventories
$88,516
$88,994
+1%
Prepaid Expenses
$22,470
$18,145
-19%
Investments
$2,592,894
$2,529,635
-2%
Property, Plant, & Equipment (net)
$2,841,198
$3,698,619
+30%
Other Assets
$707,449
$613,080
-13%
Total Assets
$8,571,932
$9,005,178
+5%
Liabilities
2024
2025
Change
Payables & Accruals
$243,396
$700,173
+188%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$616,510
$647,470
+5%
Related-Party Payables
-
-
-
Other Liabilities
$717,148
$624,949
-13%
Total Liabilities
$1,577,054
$1,972,592
+25%
Net assets
2024
2025
Change
Restricted Net Assets
$1,577,916
$858,131
-46%
Unrestricted Net Assets
$5,416,962
$6,174,455
+14%
Net assets
2024
2025
Change
Net assets
+$6,994,878
+$7,032,586
+1%
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