HomeMy WebLinkAboutCF Habitat Financial StatementCape Fear Habitat for Humanity
Balance Sheet
As of June 30, 2024
Accrual Basis Friday, August 2, 2024 03:14 PM GMT-04:00 1/2
TOTAL
ASSETS
Current Assets
Bank Accounts $1,641,941.98
Accounts Receivable $22,248.88
Other Current Assets
0700 Other Receivables 105,360.74
0710 Sales Tax Receivable 46,525.64
0800 Prepaids 175,798.86
0900 ReStore Inventory 445,079.13
1000 Property 7,011,069.96
Total Other Current Assets $7,783,834.33
Total Current Assets $9,448,025.19
Fixed Assets
1800 Machinery & Equipment 621,765.63
1840 Buildings & Improvements 1,912,695.17
1850 Land 1,362,000.00
1860 Accumulated Depreciation -1,025,360.51
Total Fixed Assets $2,871,100.29
Other Assets
14000 ROU Assets 2,835,740.43
1900 Escrow Advance 70,137.90
1950 Mortgages Receivable 11,774,303.54
Total Other Assets $14,680,181.87
TOTAL ASSETS $26,999,307.35
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts Payable $258,240.02
Credit Cards $920.79
Other Current Liabilities
2400 Sales Tax Payable 19,885.01
24000 Payroll Liabilities 128,697.64
2500 Vacation Payable 96,632.44
2600 Other Payable 5,684.77
2700 Deposits Held for Closings 58,895.00
2725 ST Operating Lease Obligation 185,409.08
Restore Store Credit 5,724.99
Total Other Current Liabilities $500,928.93
Total Current Liabilities $760,089.74
Cape Fear Habitat for Humanity
Balance Sheet
As of June 30, 2024
Accrual Basis Friday, August 2, 2024 03:14 PM GMT-04:00 2/2
TOTAL
Long-Term Liabilities
2800 NCHFA Repayment Loans 1,807,529.56
2920 Mortgage Leveraging - LOB 2,645,887.13
2925 Wells Fargo Loan (R2)1,261,214.15
2930 Mortgage Leveraging -First Bank 4,343,850.01
2945 SBA Economic Injury Disaster 135,813.38
2950 Operating Lease Obligation 2,674,077.56
Total Long-Term Liabilities $12,868,371.79
Total Liabilities $13,628,461.53
Equity
3000 Net Assets 12,912,065.83
32000 Unrestricted Net Assets 0.00
Net Income 458,779.99
Total Equity $13,370,845.82
TOTAL LIABILITIES AND EQUITY $26,999,307.35
Cape Fear Habitat for Humanity
Profit Loss
July 2023 - June 2024
Accrual Basis Friday, August 2, 2024 03:17 PM GMT-04:00 1/2
TOTAL
Income
4000 Unrestricted Donations 1,425,117.81
4100 Home Sales 2,509,153.15
4300 ReStore 3,250,592.92
4600 Restricted Donations 2,032,207.09
Total Income $9,217,070.97
GROSS PROFIT $9,217,070.97
Expenses
5000 Construction 2,852,185.95
5100 ReStore Cost of Sales 598,094.44
6000 Fundraising 159,584.99
6100 Wages, Taxes and Benefits 3,656,394.57
6200 Professional Services 97,362.15
6300 General Operations 0.00
6305 Advertising 78,847.11
6310 Auto 100,088.64
6315 Bank Fees 6,429.65
6320 Dues & Fees 25,545.90
6325 Hospitality 3,227.43
6330 Insurance (General)85,136.38
6335 Insurance (D&O)3,251.22
6340 Supplies 43,232.54
6345 Postage and Printing 23,246.37
6350 Technology 152,640.31
6360 General Office Services 4,690.19
Total 6300 General Operations 526,335.74
6400 Programming 139,055.07
6500 Occupancy 0.00
6510 Rent 462,356.84
6520 Building Maintenance 72,895.97
6530 Utilities 154,797.99
Total 6500 Occupancy 690,050.80
Total Expenses $8,719,063.71
NET OPERATING INCOME $498,007.26
Other Income
7000 Other Funding 0.00
7010 Interest Income 45,514.47
7030 Sale of Property 21,769.69
7060 Amortization of Discount 497,144.04
Cape Fear Habitat for Humanity
Profit Loss
July 2023 - June 2024
Accrual Basis Friday, August 2, 2024 03:17 PM GMT-04:00 2/2
TOTAL
7070 NCHFA Imputed Interest 342,184.13
Total 7000 Other Funding 906,612.33
Total Other Income $906,612.33
Other Expenses
8000 Other Expenses 0.00
8010 Interest Expense 128,025.95
8020 Depreciation 120,585.89
8030 Discount Expense 461,033.74
8040 NCHFA Imputed Interest Expense 165,250.51
8050 Tithe 70,943.51
Total 8000 Other Expenses 945,839.60
Total Other Expenses $945,839.60
NET OTHER INCOME $ -39,227.27
NET INCOME $458,779.99