| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BAY CITY #17 - SHOPPING CENTER LAND | 2001-01-01 | 54,000 | L | 0 | 0 | ||||
| BAY CITY #17 - SHOPPING CENTER BUILDING | 2001-01-01 | 486,000 | 149,025 | SL | 39.000000000000 | 12,462 | 12,462 | ||
| BAY CITY #45 - LAND @ 2610 CENTER AVE | 2001-12-31 | 48,500 | L | 0 | 0 | ||||
| BAY CITY #45 - BUILDING @ 2610 CENTER AVE | 2001-12-31 | 436,500 | 123,112 | SL | 39.000000000000 | 11,192 | 11,192 | ||
| MONMOUTH BUILDING #36 | 2002-12-31 | 491,400 | 126,000 | SL | 39.000000000000 | 12,600 | 12,600 | ||
| MONMOUTH LAND #36 | 2002-12-31 | 54,600 | L | 0 | 0 | ||||
| STERLING HEIGHTS #38 | 1995-03-01 | 400,000 | 182,474 | SL | 39.000000000000 | 10,256 | 10,256 | ||
| STERLING HEIGHTS LAND # 38 | 1995-03-01 | 80,000 | 80,000 | 150DB | 15.000000000000 | 0 | 0 | ||
| COLUMBIA BUILDING #113 | 2005-01-01 | 306,000 | 62,441 | SL | 39.000000000000 | 7,846 | 7,846 | ||
| COLUMBIA LEASEHOLD IMPROVEMENTS #113 | 2005-01-01 | 49,500 | 27,578 | 150DB | 15.000000000000 | 2,923 | 3,300 | ||
| COLUMBIA LAND #113 | 2005-01-01 | 94,500 | L | 0 | 0 | ||||
| NORTH MUSKEGAN #33 | 2005-12-31 | 378,628 | 68,361 | SL | 39.000000000000 | 9,708 | 9,708 | ||
| NORTH MUSKEGAN #33 | 2005-12-31 | 66,817 | L | 0 | 0 | ||||
| GRAND RAPIDS BUILDING # 9 | 2006-12-31 | 400,000 | 240,270 | SL | 39.000000000000 | 10,256 | 10,256 | ||
| GRAND RAPIDS BUILDING # 9 | 2006-12-31 | 113,400 | L | 0 | 0 | ||||
| #136 LAND | 1998-11-27 | 441,300 | L | 0 | 0 | ||||
| #136 BUILDING | 1998-11-27 | 648,478 | 257,033 | SL | 39.000000000000 | 16,628 | 16,628 | ||
| # 55 IONA BUILDING | 2007-01-01 | 600,000 | 91,669 | SL | 39.000000000000 | 15,385 | 15,385 | ||
| #55 IONA LAND | 2007-01-01 | 170,000 | L | 0 | 0 | ||||
| #444 BUILDING(FORMERLY 436) | 2007-01-01 | 500,652 | 76,487 | SL | 39.000000000000 | 12,837 | 12,837 | ||
| #444 LAND(FORMERLY 436) | 2007-01-01 | 160,000 | L | 0 | 0 | ||||
| #235 IMPROVEMENTS( FORMERLY 276) | 2003-01-16 | 119,277 | 94,860 | 150DB | 15.000000000000 | 4,439 | 7,952 | ||
| #235 BUILDING(FORMERLY 276) | 2003-01-16 | 350,116 | 98,374 | SL | 39.000000000000 | 8,977 | 8,977 | ||
| #235 LAND (FORMERLY 276) | 2003-01-16 | 366,836 | L | 0 | 0 | ||||
| #279 LAND | 2002-12-12 | 347,893 | L | 0 | 0 | ||||
| #279 LANDSCAPING | 2002-12-12 | 94,331 | 77,662 | 150DB | 15.000000000000 | 3,704 | 6,289 | ||
| #279 BUILDING | 2002-12-12 | 293,825 | 88,828 | SL | 39.000000000000 | 7,534 | 7,534 | ||
| MARION IN #211 LAND | 2009-01-01 | 147,269 | L | 0 | 0 | ||||
| MARION IN #211 SITE WORK | 2009-01-01 | 90,183 | 16,910 | 150DB | 15.000000000000 | 2,818 | 6,012 | ||
| MARION IN #211 BUILDING | 2009-01-01 | 341,765 | 101,516 | SL | 39.000000000000 | 8,763 | 8,763 | ||
| DANVILLE IL 705 GILBERT LAND | 2009-01-01 | 20,000 | L | 0 | 0 | ||||
| DANVILLE IL 705 GILBERT BUILDING | 2009-01-01 | 400,000 | 163,247 | SL | 39.000000000000 | 10,256 | 10,256 | ||
| TULSA #562 LAND | 2008-04-05 | 476,673 | L | 0 | 0 | ||||
| TULSA #562 LAND IMPROVEMENTS | 2008-04-05 | 154,045 | 29,014 | 150DB | 15.000000000000 | 4,801 | 10,270 | ||
| TULSA #562 BUILDING | 2008-04-05 | 753,510 | 90,970 | SL | 39.000000000000 | 19,321 | 19,321 | ||
| HILLSDALE | 2009-12-31 | 395,322 | 115,723 | SL | 39.000000000000 | 10,136 | 10,136 | ||
| LAND IMPROVEMENTS | 2009-12-31 | 89,799 | 20,182 | 150DB | 15.000000000000 | 2,472 | 5,987 | ||
| FLINT - LAND | 2010-12-31 | 127,540 | L | 0 | 0 | ||||
| FLINT - BUILDING | 2010-12-31 | 876,916 | 226,724 | SL | 39.000000000000 | 22,485 | 22,485 | ||
| FLINT - LAND IMPROVEMENTS | 2010-12-31 | 85,027 | 67,384 | 150DB | 15.000000000000 | 1,764 | 5,668 | ||
| HOBART, IN - #477 LAND | 2010-10-01 | 353,863 | L | 0 | 0 | ||||
| HOBART, IN - #477 LAND IMPROVEMENTS | 2010-10-01 | 153,235 | 73,125 | 150DB | 15.000000000000 | 8,011 | 10,216 | ||
| HOBART, IN - #477 BUILDING | 2010-10-01 | 467,678 | 75,956 | SL | 39.000000000000 | 11,992 | 11,992 | ||
| WESTLAND - BUILDING | 2011-12-01 | 490,000 | 218,825 | SL | 39.000000000000 | 12,564 | 12,564 | ||
| WESTLAND - LAND IMPROVEMENTS | 2011-12-01 | 80,000 | 80,000 | 150DB | 15.000000000000 | 0 | 0 | ||
| MARCO'S BUILD OUT #562 TULSA, OK | 2012-10-15 | 73,003 | 2,043 | 200DB | 7.000000000000 | 3,929 | 10,429 | ||
| KALAMAZOO BUILDING | 2012-12-31 | 600,000 | 217,308 | SL | 39.000000000000 | 15,385 | 15,385 | ||
| EDEN NC #434 LAND | 2013-12-25 | 309,215 | L | 0 | 0 | ||||
| EDEN NC #434 BUILDING | 2013-12-25 | 453,763 | 52,842 | SL | 39.000000000000 | 0 | 0 | ||
| EDEN NC #434 LAND IMPROVEMENTS | 2013-12-25 | 121,937 | 83,936 | 150DB | 15.000000000000 | 0 | 60,969 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MERRILL LYNCH | 0 | 0 |
| NORTHERN TRUST | 3,864,921 | 4,256,127 |
| MORGAN STANLEY | 2,225,000 | 2,508,337 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BAY CITY #17 - SHOPPING CENTER LAND | 54,000 | 0 | 54,000 | |
| BAY CITY #17 - SHOPPING CENTER BUILDING | 486,000 | 161,487 | 324,513 | |
| BAY CITY #45 - LAND @ 2610 CENTER AVE | 48,500 | 0 | 48,500 | |
| BAY CITY #45 - BUILDING @ 2610 CENTER AVE | 436,500 | 134,304 | 302,196 | |
| MONMOUTH BUILDING #36 | 491,400 | 138,600 | 352,800 | |
| MONMOUTH LAND #36 | 54,600 | 0 | 54,600 | |
| STERLING HEIGHTS #38 | 400,000 | 192,730 | 207,270 | |
| STERLING HEIGHTS LAND # 38 | 80,000 | 80,000 | 0 | |
| COLUMBIA BUILDING #113 | 306,000 | 70,287 | 235,713 | |
| COLUMBIA LEASEHOLD IMPROVEMENTS #113 | 49,500 | 30,501 | 18,999 | |
| COLUMBIA LAND #113 | 94,500 | 0 | 94,500 | |
| NORTH MUSKEGAN #33 | 378,628 | 78,069 | 300,559 | |
| NORTH MUSKEGAN #33 | 66,817 | 0 | 66,817 | |
| GRAND RAPIDS BUILDING # 9 | 400,000 | 250,526 | 149,474 | |
| GRAND RAPIDS BUILDING # 9 | 113,400 | 0 | 113,400 | |
| #136 LAND | 441,300 | 0 | 441,300 | |
| #136 BUILDING | 648,478 | 273,661 | 374,817 | |
| # 55 IONA BUILDING | 600,000 | 107,054 | 492,946 | |
| #55 IONA LAND | 170,000 | 0 | 170,000 | |
| #444 BUILDING(FORMERLY 436) | 500,652 | 89,324 | 411,328 | |
| #444 LAND(FORMERLY 436) | 160,000 | 0 | 160,000 | |
| #235 IMPROVEMENTS( FORMERLY 276) | 119,277 | 99,299 | 19,978 | |
| #235 BUILDING(FORMERLY 276) | 350,116 | 107,351 | 242,765 | |
| #235 LAND (FORMERLY 276) | 366,836 | 0 | 366,836 | |
| #279 LAND | 347,893 | 0 | 347,893 | |
| #279 LANDSCAPING | 94,331 | 81,366 | 12,965 | |
| #279 BUILDING | 293,825 | 96,362 | 197,463 | |
| MARION IN #211 LAND | 147,269 | 0 | 147,269 | |
| MARION IN #211 SITE WORK | 90,183 | 64,820 | 25,363 | |
| MARION IN #211 BUILDING | 341,765 | 110,279 | 231,486 | |
| DANVILLE IL 705 GILBERT LAND | 20,000 | 0 | 20,000 | |
| DANVILLE IL 705 GILBERT BUILDING | 400,000 | 173,503 | 226,497 | |
| TULSA #562 LAND | 476,673 | 0 | 476,673 | |
| TULSA #562 LAND IMPROVEMENTS | 154,045 | 110,838 | 43,207 | |
| TULSA #562 BUILDING | 753,510 | 110,291 | 643,219 | |
| HILLSDALE | 395,322 | 125,859 | 269,463 | |
| LAND IMPROVEMENTS | 89,799 | 67,554 | 22,245 | |
| FLINT - LAND | 127,540 | 0 | 127,540 | |
| FLINT - BUILDING | 876,916 | 249,209 | 627,707 | |
| FLINT - LAND IMPROVEMENTS | 85,027 | 69,148 | 15,879 | |
| HOBART, IN - #477 LAND | 353,863 | 0 | 353,863 | |
| HOBART, IN - #477 LAND IMPROVEMENTS | 153,235 | 81,136 | 72,099 | |
| HOBART, IN - #477 BUILDING | 467,678 | 87,948 | 379,730 | |
| WESTLAND - BUILDING | 490,000 | 231,389 | 258,611 | |
| WESTLAND - LAND IMPROVEMENTS | 80,000 | 80,000 | 0 | |
| MARCO'S BUILD OUT #562 TULSA, OK | 73,003 | 63,180 | 9,823 | |
| KALAMAZOO BUILDING | 600,000 | 232,693 | 367,307 | |
| EDEN NC #434 LAND | 309,215 | 0 | 309,215 | |
| EDEN NC #434 BUILDING | 453,763 | 52,842 | 400,921 | |
| EDEN NC #434 LAND IMPROVEMENTS | 121,937 | 83,936 | 38,001 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DUES | 725 | 725 | 0 | |
| MISCELLANEOUS | 191 | 191 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK AND WIRE FEES | 11,846 | 11,846 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 10,490 | 0 | 0 | |
| FOREIGN TAXES | 117 | 117 | 0 |