HOMESTEAD COMMUNITY LAND TRUST
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$50,664,783
Property, Plant, & Equipment (net)
54%
Other Assets
26%
Investments
16%
Cash & Equivalents
4%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$17,176,727
Notes Payable / Debt (Non-Related)
86%
Payables & Accruals
13%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,639,330
$1,941,649
+18%
Receivables (Non-Related)
$135,750
$217,115
+60%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$73,500
$121,000
+65%
Investments
$9,641,021
$8,047,073
-17%
Property, Plant, & Equipment (net)
$26,440,438
$27,268,612
+3%
Other Assets
$12,305,018
$13,069,334
+6%
Total Assets
$50,235,057
$50,664,783
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$947,662
$2,270,050
+140%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$157,031
$123,433
-21%
Notes Payable / Debt (Non-Related)
$16,328,644
$14,783,244
-9%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$17,433,337
$17,176,727
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$2,682,000
$7,014,000
+162%
Unrestricted Net Assets
$30,119,720
$26,474,056
-12%
Net assets
2023
2024
Change
Net assets
+$32,801,720
+$33,488,056
+2%
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