| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 7,782 | 0 | 7,782 |
| Category | Amount |
|---|---|
| ALL INVESTMENT INCOME WAS EARNED FROM INVESTMENTS AND ASSETS SHOWN IN PART II BALANCE SHEET AND SUPPORTING SCHEDULES AND IS INTENDED FOR THE GENERAL PURPOSES FOR WHICH THE FOUNDATION WAS CREATED. | 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2 JEEPS | 2008-01-11 | 86,833 | 81,832 | 200DB | 5.000000000000 | 5,001 | 0 | ||
| BUILDING | 2012-05-01 | 3,658,500 | 58,630 | SL | 39.000000000000 | 93,808 | 93,808 | ||
| LAND | 2012-05-01 | 3,116,500 | L | 0 | 0 | ||||
| BUILDING | 2013-04-01 | 10,075,000 | SL | 39.000000000000 | 182,986 | 182,986 | |||
| LAND | 2013-04-01 | 5,425,000 | L | 0 | 0 | ||||
| BUILDING | 2013-04-01 | 2,310,000 | SL | 39.000000000000 | 41,955 | 41,955 | |||
| LAND | 2013-04-01 | 1,890,000 | L | 0 | 0 | ||||
| DOLLAR TREE FASCADE | 2013-03-28 | 188,890 | SL | 39.000000000000 | 3,834 | 3,834 | |||
| HVAC UNIT | 2013-12-01 | 53,525 | 200DB | 5.000000000000 | 28,101 | 892 | |||
| DOLLAR TREE IMPROVEMENTS | 2013-04-15 | 236,906 | SL | 39.000000000000 | 4,303 | 4,303 | |||
| JIU JITSU IMPROVEMENTS | 2013-10-13 | 19,690 | SL | 39.000000000000 | 105 | 105 | |||
| YASHI IMPROVEMENTS | 2013-07-01 | 26,073 | SL | 39.000000000000 | 306 | 306 | |||
| EVERBANK IMPROVEMENTS | 2013-07-01 | 11,518 | SL | 39.000000000000 | 135 | 135 | |||
| IMPROVEMENTS | 2013-07-01 | 25,559 | SL | 39.000000000000 | 300 | 300 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| INVESTMENTS | 33,569,262 | 44,941,856 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING | 3,658,500 | 152,438 | 3,506,062 | 3,506,062 |
| LAND | 3,116,500 | 0 | 3,116,500 | 3,116,500 |
| BUILDING | 10,075,000 | 182,986 | 9,892,014 | 9,892,014 |
| LAND | 5,425,000 | 0 | 5,425,000 | 5,425,000 |
| BUILDING | 2,310,000 | 41,955 | 2,268,045 | 2,268,045 |
| LAND | 1,890,000 | 0 | 1,890,000 | 1,890,000 |
| DOLLAR TREE FASCADE | 188,890 | 3,834 | 185,056 | 185,056 |
| HVAC UNIT | 53,525 | 28,101 | 25,424 | 25,424 |
| DOLLAR TREE IMPROVEMENTS | 236,906 | 4,303 | 232,603 | 232,603 |
| JIU JITSU IMPROVEMENTS | 19,690 | 105 | 19,585 | 19,585 |
| YASHI IMPROVEMENTS | 26,073 | 306 | 25,767 | 25,767 |
| EVERBANK IMPROVEMENTS | 11,518 | 135 | 11,383 | 11,383 |
| IMPROVEMENTS | 25,559 | 300 | 25,259 | 25,259 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| TRUMBALL ASSOCIATES | AT COST | 831,774 | 831,744 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 2 JEEPS | 86,833 | 86,833 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 17,304 | 0 | 17,304 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| LEASEHOLD IMPROVEMENTS | 25,559 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ANNUAL REPORT | 455 | 0 | 455 | |
| STATE REPRESENTATION | 365 | 0 | 365 | |
| DUES AND SUBSCRIPTIONS | 824 | 0 | 824 | |
| ARMENIA OPERATING & OVERHEAD COSTS | 117,237 | 0 | 117,237 | |
| TELEPHONE & INTERNET | 746 | 0 | 746 | |
| OFFICE EXPENSE | 410 | 0 | 410 | |
| MISCELLANEOUS | 253 | 0 | 253 | |
| MANAGEMENT FEE OVERHEAD | 24,498 | 24,498 | 0 | |
| REALTY TRANSFER COSTS | 376,297 | 0 | 376,297 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MISCELLANEOUS | 7,302 | 7,302 | 7,302 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| OTHER LIABILITIES | 12,387 | 4,317 |
| TENANT SECURITY DEPOSITS | 82,017 | 196,456 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BROKER AND INVESTMENT ADVISORY FEES | 265,206 | 265,206 | 0 | |
| OTHER PROFESSIONAL FEES | 8,000 | 0 | 8,000 |
| Name | Address |
|---|---|
| HIRAIR HOVNANIAN |
600 NAVESINK RIVER ROAD RED BANK,NJ07701 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 131,882 | 131,882 | 0 | |
| EXCISE TAX | 120,000 | 0 | 0 |