RURAL DEVELOPMENT INITIATIVES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,007,590
Cash & Equivalents
60%
Receivables (Non-Related)
36%
Other Assets
2%
Prepaid Expenses
1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$186,153
Payables & Accruals
81%
Other Liabilities
19%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,052,481
$1,210,285
+15%
Receivables (Non-Related)
$384,433
$727,243
+89%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$20,046
$27,705
+38%
Investments
-
-
-
Property, Plant, & Equipment (net)
$5,108
$7,806
+53%
Other Assets
$0
$34,551
-
Total Assets
$1,462,068
$2,007,590
+37%
Liabilities
2023
2024
Change
Payables & Accruals
$118,561
$151,452
+28%
Grants Payable
-
-
-
Deferred Revenue
$57,235
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$0
$34,701
-
Total Liabilities
$175,796
$186,153
+6%
Net assets
2023
2024
Change
Restricted Net Assets
$742,779
$1,215,297
+64%
Unrestricted Net Assets
$543,493
$606,140
+12%
Net assets
2023
2024
Change
Net assets
+$1,286,272
+$1,821,437
+42%
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