AEI INCOME & GROWTH FUND 24 LLC

CIK:0001130758|SEC Filings

Statement of Income - USD ($)	3 Months Ended		9 Months Ended
Statement of Income - USD ($)	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Rental Income	$ 49,546	$ 81,497	$ 178,752	$ 244,492
Expenses:
LLC Administration – Affiliates	11,763	13,887	53,170	45,410
LLC Administration and Property Management – Unrelated Parties	5,627	6,322	46,587	34,801
Depreciation and Amortization	16,206	38,094	69,218	115,949
Total Expenses	33,596	58,303	168,975	196,160
Operating Income	15,950	23,194	9,777	48,332
Other Income:
Gain on Sale of Real Estate	0	0	328,408	15,221
Interest Income	1,683	462	2,675	1,626
Total Other Income	1,683	462	331,083	16,847
Net Income	17,633	23,656	340,860	65,179
Net Income Allocated:
Managing Members	1,253	8,152	21,175	9,093
Limited Members	16,380	15,504	319,685	56,086
Net Income	$ 17,633	$ 23,656	$ 340,860	$ 65,179
Net Income per LLC Unit (in Dollars per share)	$ 0.70	$ 0.66	$ 13.72	$ 2.4
Weighted Average Units Outstanding – Basic and Diluted (in Shares)	23,239	23,407	23,293	23,412

Statement of Cash Flows - USD ($)	3 Months Ended		9 Months Ended
Statement of Cash Flows - USD ($)	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Cash Flows from Operating Activities:
Net Income	$ 17,633	$ 23,656	$ 340,860	$ 65,179
Adjustments to Reconcile Net Income To Net Cash Provided by Operating Activities:
Depreciation and Amortization			87,587	135,080
Gain on Sale of Real Estate	0	0	(328,408)	(15,221)
Increase (Decrease) in Payable to AEI Fund Management, Inc.			21,597	21,796
Total Adjustments			(219,224)	141,655
Net Cash Provided By (Used For) Operating Activities			121,636	206,834
Cash Flows from Investing Activities:
Proceeds from Sale of Real Estate			1,481,990	81,054
Cash Flows from Financing Activities:
Distributions Paid to Members			(1,424,549)	(1,406,510)
Repurchase of LLC Units			(27,783)	(3,222)
Net Cash Provided By (Used For) Financing Activities			(1,452,332)	(1,409,732)
Net Increase (Decrease) in Cash			151,294	(1,121,844)
Cash, beginning of period			735,469	2,991,221
Cash, end of period	$ 886,763	$ 1,869,377	$ 886,763	$ 1,869,377

Balance Sheet - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current Assets:
Cash	$ 886,763	$ 735,469
Real Estate Investments:
Land	200,000	1,075,298
Buildings	451,516	2,969,294
Acquired Intangible Lease Assets	315,984	646,934
Real Estate Held for Investment, at cost	967,500	4,691,526
Accumulated Depreciation and Amortization	(459,720)	(1,951,292)
Real Estate Held for Investment, Net	507,780	2,740,234
Real Estate Held for Sale	991,285	0
Total Real Estate Investments	1,499,065	2,740,234
Total Assets	2,385,828	3,475,703
Current Liabilities:
Payable to AEI Fund Management, Inc.	83,548	61,951
Distributions Payable	125,961	137,790
Total Current Liabilities	209,509	199,741
Members’ Equity:
Managing Members	3,107	66
Limited Members – 50,000 Units authorized; 23,239.39 and 23,402.44 Units issued and outstanding as of 9/30/2022 and 12/31/2021	2,173,212	3,275,896
Total Members’ Equity	2,176,319	3,275,962
Total Liabilities and Members’ Equity	$ 2,385,828	$ 3,475,703