HomeAbout UsRescue ShopProjectsNewsSupportersContact Us

732 Gaines Street Davenport IA 52802


                                                                         

     Gateway Redevelopment Group

Balance Sheet 2006

     Accrual Basis as of December 31, 2006

 

     ASSETS

        Current Assets

           Checking/Savings

             1000 Checking                                                  10,299.07

             1001 Savings                                                    1,063.94

           Total Checking/Savings                                             11,363.01

            Accounts Receivable

             1200 Accounts Receivable

                1201 730 Gains - Jipp                                 21,768.37

                1202 822 Gains - Stone Soup                           30,000.00

             Total 1200 Accounts Receivable                                 51,768.37

            Total Accounts Receivable                                          51,768.37

         Total Current Assets                                                  63,131.38

         Fixed Assets

           1500 Jipp

             1501 Phase 1 - Stabilization

                1502 Building Materials                         6,366.80

                1503 Demolition                                   300.00

                1504 Masonry                                    6,795.00

                1506 Roofing                                    1,278.50

             Total 1501 Phase 1 - Stabilization                       14,740.30

              1510 Phase 2 - Restoration

                1511 Building Materials                         2,526.85

                1512 Electrical and Mechanical                    690.70

                1513 Flooring                                  10,772.00

                1514 Framing                                    1,608.00

                1515 Masonry                                    2,590.00

                1516 Real Estate Taxes                          1,149.00

                1517 Roofing                                   36,883.00

                1518 Finishing                                  2,315.38

             Total 1510 Phase 2 - Restoration                         58,534.93

            Total 1500 Jipp                                                  73,275.23

            1550 822 Gains

             1551 Mechanical                                              15.00

             1552 Framing                                             33,701.04

           Total 1550 822 Gains                                             33,716.04

         Total Fixed Assets                                                   106,991.27

      TOTAL ASSETS                                                            170,122.65

      LIABILITIES & EQUITY

        Liabilities

           Long Term Liabilities

             2500 Notes Payable Loans

                2505 822 Gain St.                                      9,500.00

                2515 QuadCities Housing Cluster                       30,000.00

             Total 2500 Notes Payable Loans                                 39,500.00

            Total Long Term Liabilities                                        39,500.00 

        Total Liabilities                                                     39,500.00

         Equity

           1110 Retained Earnings                                          101,634.57

           Net Income                                                         28,988.08

        Total Equity                                                         130,622.65

      TOTAL LIABILITIES & EQUITY                                              170,122.65

   

Gateway Redevelopment Group, Davenport, Iowa