| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting | 1,890 | 1,890 | 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 | 10,186 | 120.000000000000 | 1,438 | 1,438 | 11,624 |
| 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 | 1,092,429 | 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 | 187,263 | 212,781 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Brooks Landing Apartments | 3,983,446 | 1,237,282 | 2,746,164 | |
| Land | 820,517 | 0 | 820,517 | |
| Loan fees | 14,384 | 11,624 | 2,760 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Ameritrade Cash Account | AT COST | 31,494 | 31,494 |
| Ameritrade Securities | AT COST | 505,390 | 552,595 |
| FVAO Capital Account | AT COST | 16,829 | 16,829 |
| Morgan Stanley Cash Account | AT COST | 13,704 | 13,704 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal | 156 | 156 | 0 |
| Description | Amount |
|---|---|
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Other deduction K-1 | 21 | 21 | 0 | |
| Federal Inc Tax | 200 | 200 | 0 | |
| Reconciling | 673 | 673 | 0 | |
| Insurance | 5,412 | 5,412 | 0 | |
| Loan fees | 0 | 0 | 0 | |
| Amortization | 1,438 | 1,438 | 0 |
| Description | Amount |
|---|---|
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Foundation share of Brooks Landing Debt (82%) | 3,191,023 | 3,149,808 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Inv fee | 3,704 | 3,704 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Real estate taxes | 50,650 | 50,650 | 0 |