| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 14,865 | 14,865 | 0 | 0 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| PROPERTY 1-5 SO. WASHINGTON | 1971-08-01 | 40,528 | 31,734 | SL | 39.000000000000 | 1,039 | 1,039 | 1,039 | |
| PROPERTY 1-5 SO. WASHINGTON | 1971-08-01 | 89,609 | 24,511 | SL | 39.000000000000 | 2,298 | 2,298 | 2,298 | |
| CAPITAL EXPENDITURES | 1997-11-01 | 10,950 | 10,950 | SL | 7.000000000000 | 0 | 0 | 0 | |
| PROPERTY - ESTATE BASIS 1-5 SO. WASHINGTON | 1997-04-01 | 380,355 | 128,415 | SL | 39.000000000000 | 9,753 | 9,753 | 9,753 | |
| LAND | 1971-08-01 | 483,349 | L | 0 | 0 | 0 | |||
| ROOF | 2005-06-01 | 7,235 | 1,629 | SL | 20.000000000000 | 362 | 362 | 362 | |
| ROOF | 2006-12-01 | 17,906 | 3,133 | SL | 20.000000000000 | 895 | 895 | 895 | |
| IMPROVEMENTS | 2006-09-01 | 2,495 | 580 | SL | 10.000000000000 | 250 | 250 | 250 | |
| IMPROVEMENTS | 2008-10-01 | 7,589 | 1,138 | SL | 10.000000000000 | 759 | 759 | 759 | |
| ROOF | 2010-06-01 | 2,500 | SL | 10.000000000000 | 250 | 250 | 250 | ||
| PARKING LOTS | 2011-04-02 | 2,900 | SL | 5.000000000000 | 0 | 0 | 0 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| BUCKEYE PARTNERS, L.P. | PURCHASED | 0 | -827 | |||||||
| KINDER MORGAN ENERGY PARTNERS, L.P. | PURCHASED | 0 | -5 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE SECURITIES | 6,281,710 | 6,221,766 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| PROPERTY 1-5 SO. WASHINGTON | 40,528 | 32,773 | 7,755 | 0 |
| PROPERTY 1-5 SO. WASHINGTON | 89,609 | 26,809 | 62,800 | 0 |
| CAPITAL EXPENDITURES | 10,950 | 10,950 | 0 | |
| PROPERTY - ESTATE BASIS 1-5 SO. WASHINGTON | 380,355 | 138,168 | 242,187 | 0 |
| LAND | 483,349 | 0 | 483,349 | 0 |
| ROOF | 7,235 | 1,991 | 5,244 | 0 |
| ROOF | 17,906 | 4,028 | 13,878 | 0 |
| IMPROVEMENTS | 2,495 | 830 | 1,665 | 0 |
| IMPROVEMENTS | 7,589 | 1,897 | 5,692 | 0 |
| ROOF | 2,500 | 250 | 2,250 | 0 |
| PARKING LOTS | 2,900 | 0 | 2,900 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 2.75720% PARTNERSHIP - JERSEY INVESTORS GROWTH | AT COST | 105,766 | 105,767 |
| .002056% BUCKEYE PARTNERS | AT COST | 34,598 | 63,450 |
| .000278% KINDER MORGAN | AT COST | 6,454 | 44,736 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 68 | 68 | 0 | 0 |
| Description | Amount |
|---|---|
| FEDERAL EXCISE TAX | 5,012 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MEMBERSHIP DUES & SUBSRCIPTIONS | 1,209 | 0 | 0 | 1,209 |
| OFFICE EXPENSE | 259 | 0 | 0 | 259 |
| SECURITY SERVICES | 488 | 488 | 0 | |
| PARKING LOT REPAIRS | 1,119 | 1,119 | 0 | |
| MANAGEMENT FEES | 6,720 | 6,720 | 0 | |
| TELEPHONE | 875 | 875 | 0 | |
| LEASE COMMISSIONS | 5,373 | 5,373 | 0 | |
| INSURANCE EXPENSE | 6,605 | 6,605 | 0 | |
| RENTAL ADJUSTMENT | 2,633 | 2,633 | 0 | |
| SNOW REMOVAL | 13,585 | 13,585 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| BUCKEYE PARTNERS L.P. | -1,563 | -1,563 | 0 |
| KINDER MORGAN ENERGY PARTNERS L.P. | -3,805 | -3,805 | 0 |
| Description | Amount |
|---|---|
| MISC RECEIVABLE - BUCKEYE PARTNERS L.P. | 1,718 |
| MISC RECEIVABLE - KINDER MORGAN ENERGY PATNERS | 1,204 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| TENANT SECURITY PAYABLE | 4,632 | 0 |
| PAYROLL TAXES PAYABLE | 368 | 251 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DIRECTORS FEES | 10,000 | 0 | 0 | 10,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| NJ STATE UNEMPLOYMENT | 433 | 108 | 0 | 325 |
| FICA & MEDICARE | 1,836 | 459 | 0 | 1,377 |
| NJ ASSESSMENT | 11 | 3 | 0 | 8 |
| REAL ESTATE TAXES | 39,208 | 39,208 | 0 |