HomeMy WebLinkAboutCFCLT Financial Statement June 2024Cape Fear Community Land Trust, Inc
Statement of Financial Position
As of June 30, 2024
Accrual Basis Saturday, August 3, 2024 01:56 PM GMT-04:00 1/2
TOTAL
AS OF JUN 30, 2024 AS OF JUN 30, 2023 (PP)% CHANGE
ASSETS
Current Assets
Bank Accounts
1000 Operating 5778 57,619.43 4,482.67 1,185.38 %
1001 Projects 5751 886.97 11.97 7,309.94 %
1002 Reserves 5735 57,517.40 66,159.12 -13.06 %
1003 Security Deposit 5743 575.00 575.00 0.00 %
Bank of the Ozarks Checking (deleted)0.00 7,705.71 -100.00 %
Total Bank Accounts $116,598.80 $78,934.47 47.72 %
Accounts Receivable
1200 Accounts Receivable 300.00 0.00
Total Accounts Receivable $300.00 $0.00 0.00%
Other Current Assets
1300 Undeposited Funds 0.00 0.00
1800 Prepaid Expenses 1,152.85
Total Other Current Assets $1,152.85 $0.00 0.00%
Total Current Assets $118,051.65 $78,934.47 49.56 %
Fixed Assets
1610 1209 S. 8th St.57,200.50 57,200.50 0.00 %
1620 3620 Johnson Street 55,200.00 55,200.00 0.00 %
1625 920 Meares St.128,844.00 128,844.00 0.00 %
1630 808 N. 6th St.135,967.00 135,967.00 0.00 %
1699 Acc. Depreciation -51,670.56 -46,759.00 -10.50 %
Total Fixed Assets $325,540.94 $330,452.50 -1.49 %
Other Assets
1810 ROU Asset 2,961.00 2,961.00 0.00 %
Total Other Assets $2,961.00 $2,961.00 0.00 %
TOTAL ASSETS $446,553.59 $412,347.97 8.30 %
Cape Fear Community Land Trust, Inc
Statement of Financial Position
As of June 30, 2024
Accrual Basis Saturday, August 3, 2024 01:56 PM GMT-04:00 2/2
TOTAL
AS OF JUN 30, 2024 AS OF JUN 30, 2023 (PP)% CHANGE
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts Payable
2000 Accounts Payable 1,052.50 603.28 74.46 %
Total Accounts Payable $1,052.50 $603.28 74.46 %
Credit Cards
2100 Visa Card 5322 591.31 700.92 -15.64 %
Total Credit Cards $591.31 $700.92 -15.64 %
Other Current Liabilities
2210 City of ILM - 920 Meares St 98,550.00 98,550.00 0.00 %
2215 ST Lease Liability 2,961.00 2,961.00 0.00 %
2220 Renter's Security Deposit 1,416.00 1,416.00 0.00 %
2230 Payroll Accrual 570.00 570.00 0.00 %
2235 Payroll Tax Liabilities 2,482.36 0.00
Total Other Current Liabilities $105,979.36 $103,497.00 2.40 %
Total Current Liabilities $107,623.17 $104,801.20 2.69 %
Long-Term Liabilities
27200 Other Liabilities 0.00 0.00
2800 Note Payable - City of Wilm 37,551.05 40,181.92 -6.55 %
Total Long-Term Liabilities $37,551.05 $40,181.92 -6.55 %
Total Liabilities $145,174.22 $144,983.12 0.13 %
Equity
3000 Opening Balance Equity 0.00 0.00
3130 Perm. Restricted Net Assets 0.00 0.00
3150 Temp. Restricted Net Assets 196,050.00 196,050.00 0.00 %
3200 Unrestricted Net Assets 71,314.85 52,939.95 34.71 %
Net Revenue 34,014.52 18,374.90 85.11 %
Total Equity $301,379.37 $267,364.85 12.72 %
TOTAL LIABILITIES AND EQUITY $446,553.59 $412,347.97 8.30 %