Solvang Friendship House
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$3,590,236
Property, Plant, & Equipment (net)
59%
Cash & Equivalents
31%
Other Assets
10%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$587,030
Payables & Accruals
54%
Notes Payable / Debt (Non-Related)
46%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$238,808
$1,106,516
+363%
Receivables (Non-Related)
$20,564
$5,833
-72%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$925,906
-
-
Property, Plant, & Equipment (net)
$2,277,154
$2,117,757
-7%
Other Assets
$326,838
$360,130
+10%
Total Assets
$3,789,270
$3,590,236
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$235,216
$316,451
+35%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$272,034
$270,579
-1%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$507,250
$587,030
+16%
Net assets
2023
2024
Change
Restricted Net Assets
$275,192
$302,996
+10%
Unrestricted Net Assets
$3,006,828
$2,700,210
-10%
Net assets
2023
2024
Change
Net assets
+$3,282,020
+$3,003,206
-8%
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