| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting | 2,002 | 2,002 | 0 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| Loan fees | 2006-12-01 | 14,384 | 8,748 | 120.000000000000 | 1,438 | 1,438 | 10,186 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Brooks Landing Apartments | 2006-06-26 | 3,983,446 | 947,576 | SL | 27.500000000000 | 144,853 | 144,853 | ||
| Land | 2006-06-26 | 820,517 | L | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Morgan Stanley Stock Account | 182,713 | 187,739 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Brooks Landing Apartments | 3,983,446 | 1,092,429 | 2,891,017 | 2,891,017 |
| Land | 820,517 | 0 | 820,517 | 820,517 |
| Loan fees | 14,384 | 10,186 | 4,198 | 4,198 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Ameritrade Cash Account | AT COST | 19,620 | 19,620 |
| Ameritrade Securities | AT COST | 505,823 | 507,892 |
| FVAO Capital Account | AT COST | 17,746 | 17,746 |
| Morgan Stanley Cash Account | AT COST | 17,050 | 17,050 |
| Description | Amount |
|---|---|
| Book/Tax differences FVAO | 96,867 |
| Book/Tax differences Brooks Landing | 3,764 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Other deduction K-1 | 18 | 18 | 0 | |
| Federal Inc Tax | 193 | 193 | 0 | |
| Insurance | 5,123 | 5,123 | 0 | |
| Loan fees | 0 | 0 | 0 | |
| Amortization | 1,438 | 1,438 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| IRA Distribution | 7,045 | 7,045 | 7,045 |
| Description | Amount |
|---|---|
| Correction of prior year value-FVAO | 25,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Foundation share of Brooks Landing Debt (82%) | 3,191,023 | 3,191,023 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Office supplies | 136 | 136 | 0 | |
| Inv fee | 276 | 276 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Real estate taxes | 49,313 | 49,313 | 0 |