| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING | 2015-09-26 | 233,522 | SL/GDS | 0000000039.000000000000 | 1,749 | ||||
| IMPROVEMENTS | 2015-10-31 | 5,000 | SL/GDS | 0000000039.000000000000 | 27 | ||||
| EQUIPMENT | 2015-10-31 | 900 | 200DB | 0000000007.000000000000 | 466 |
| Identifier | Return Reference | Explanation |
|---|
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING | 233,522 | 1,749 | 231,773 | 230,000 |
| COMPUTER | 1,556 | 1,250 | ||
| EQUIPMENTS | 900 | 466 | 434 | 850 |
| BUILDING IMPROVEMENTS | 5,000 | 27 | 4,973 | 5,000 |
| LAND | 146,000 | 146,000 | 145,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LAWYER FEE | 2,050 |
| Item No. | 1 |
|---|---|
| Lender's Name | QUADIR JALEEL |
| Lender's Title | PRESIDENT |
| Original Amount of Loan | 50000 |
| Balance Due | 50000 |
| Date of Note | 2014-09 |
| Maturity Date | 2021-10 |
| Repayment Terms | 10 MONTHS STARTING OCT 2020 |
| Interest Rate | |
| Security Provided by Borrower | PROMISORY NOTE |
| Purpose of Loan | BUILDING |
| Description of Lender Consideration | TO BUY BUILDING |
| Consideration FMV | 50000 |
| Item No. | 1 |
|---|---|
| Lender's Name | |
| Lender's Title | BANK |
| Relationship to Insider | BANK |
| Original Amount of Loan | 320000 |
| Balance Due | 316789 |
| Date of Note | 2015-09 |
| Maturity Date | 2024-09 |
| Repayment Terms | 120 MONTHS |
| Interest Rate | 0000000000.052500000000 |
| Security Provided by Borrower | 3124 W NORTHSHORE |
| Purpose of Loan | BUILDING |
| Description of Lender Consideration | LOAN FOR BUILDING |
| Consideration FMV | 375000 |
| Description | Amount |
|---|---|
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SUPPLIES | 154 | |||
| INSURANCE | 5,808 | |||
| DUES AND SUBSCRIPTIONS | 2,915 | |||
| UTILITES | 2,671 |
| Description | Amount |
|---|---|
| Name | Address |
|---|---|
| SALAHUDDIN FAROOQUI |
2129 WESTMINSTER LN TUSCALOOSA,AL35406 |
|
|
17660 CLOVER ST BROWNSTOWN,MI48193 |