| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Locey, Cecil & Associates, Ltd. AUDIT/TAX PREPARATION | 7,894 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND | 2005-02-01 | 164,178 | na | 27.50 | |||||
| LAND IMPROVEMENTS | 2005-02-01 | 17,480 | 10,171 | 150DB | 15.00 | 1,124 | |||
| BUILDING | 2005-02-01 | 748,418 | 197,828 | SL | 27.50 | 29,562 | |||
| FURNISHINGS | 2005-02-01 | 13,308 | 13,308 | 200DB | 7.00 | ||||
| APPLIANCES | 2005-02-01 | 9,200 | 9,200 | 200DB | 7.00 | ||||
| 75 Gallon Heater | 2009-05-01 | 2,660 | 1,793 | 200DB | 7.00 | 347 | |||
| Thermostat and sensing rod | 2009-06-01 | 596 | 444 | 200DB | 7.00 | 61 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND, BUILDING AND EQUIPMENTS | 965,148 | 221,558 | 743,590 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| REPLACEMENT RESERVE | 30,459 | 29,660 | 29,660 |
| TENANT SECURITY DEPOSIT | 1,790 | 1,864 | 1,864 |
| ESCROW FOR TAXES AND INSURANCE | 14,529 | 15,257 | 15,257 |
| RESIDUAL RECEIPTS RESERVE | 15,548 | 20,044 | 20,044 |
| REPLACEMENT RESERVE | 30,459 | 29,660 | 29,660 |
| TENANT SECURITY DEPOSIT | 1,790 | 1,864 | 1,864 |
| ESCROW FOR TAXES AND INSURANCE | 14,529 | 15,257 | 15,257 |
| RESIDUAL RECEIPTS RESERVE | 15,548 | 20,044 | 20,044 |
| REPLACEMENT RESERVE | 30,459 | 29,660 | 29,660 |
| TENANT SECURITY DEPOSIT | 1,790 | 1,864 | 1,864 |
| ESCROW FOR TAXES AND INSURANCE | 14,529 | 15,257 | 15,257 |
| RESIDUAL RECEIPTS RESERVE | 15,548 | 20,044 | 20,044 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| REPLACEMENT RESERVE | 30,459 | 29,660 | 29,660 |
| TENANT SECURITY DEPOSIT | 1,790 | 1,864 | 1,864 |
| ESCROW FOR TAXES AND INSURANCE | 14,529 | 15,257 | 15,257 |
| RESIDUAL RECEIPTS RESERVE | 15,548 | 20,044 | 20,044 |
| REPLACEMENT RESERVE | 30,459 | 29,660 | 29,660 |
| TENANT SECURITY DEPOSIT | 1,790 | 1,864 | 1,864 |
| ESCROW FOR TAXES AND INSURANCE | 14,529 | 15,257 | 15,257 |
| RESIDUAL RECEIPTS RESERVE | 15,548 | 20,044 | 20,044 |
| REPLACEMENT RESERVE | 30,459 | 29,660 | 29,660 |
| TENANT SECURITY DEPOSIT | 1,790 | 1,864 | 1,864 |
| ESCROW FOR TAXES AND INSURANCE | 14,529 | 15,257 | 15,257 |
| RESIDUAL RECEIPTS RESERVE | 15,548 | 20,044 | 20,044 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| REPLACEMENT RESERVE | 30,459 | 29,660 | 29,660 |
| TENANT SECURITY DEPOSIT | 1,790 | 1,864 | 1,864 |
| ESCROW FOR TAXES AND INSURANCE | 14,529 | 15,257 | 15,257 |
| RESIDUAL RECEIPTS RESERVE | 15,548 | 20,044 | 20,044 |
| REPLACEMENT RESERVE | 30,459 | 29,660 | 29,660 |
| TENANT SECURITY DEPOSIT | 1,790 | 1,864 | 1,864 |
| ESCROW FOR TAXES AND INSURANCE | 14,529 | 15,257 | 15,257 |
| RESIDUAL RECEIPTS RESERVE | 15,548 | 20,044 | 20,044 |
| REPLACEMENT RESERVE | 30,459 | 29,660 | 29,660 |
| TENANT SECURITY DEPOSIT | 1,790 | 1,864 | 1,864 |
| ESCROW FOR TAXES AND INSURANCE | 14,529 | 15,257 | 15,257 |
| RESIDUAL RECEIPTS RESERVE | 15,548 | 20,044 | 20,044 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Other renting exp | 199 | 199 | ||
| Office expense | 3,097 | 3,097 | ||
| Allocated employee services | 14,956 | 14,956 | ||
| Bookkeeping exp | 576 | 576 | ||
| Misc admin | 85 | 85 | ||
| Bad debts | 393 | 393 | ||
| Advertising | 150 | 150 | ||
| Property insurance | 1,500 | 1,500 | ||
| Benefits for allocated services | 1,895 | 1,895 | ||
| Utilities | 18,989 | 18,989 | ||
| Operating supplies | 4,548 | 4,548 | ||
| Contracted services | 12,792 | 12,792 | ||
| HVAC | 95 | 95 | ||
| Vehicle/maint equip | 80 | 80 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| TENANT CHARGE | 314 | 314 | |
| LAUNDRY/VENDING | 549 | 549 | |
| OTHER ENTITY INCOME | 24,042 | 24,042 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| TENANT SECURITY DEPOSIT | 1,452 | 1,721 |
| NOTE PAYABLE-RELATED PARTY | 97,843 | 73,801 |
| TENANT SECURITY DEPOSIT | 1,452 | 1,721 |
| NOTE PAYABLE-RELATED PARTY | 97,843 | 73,801 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| TENANT SECURITY DEPOSIT | 1,452 | 1,721 |
| NOTE PAYABLE-RELATED PARTY | 97,843 | 73,801 |
| TENANT SECURITY DEPOSIT | 1,452 | 1,721 |
| NOTE PAYABLE-RELATED PARTY | 97,843 | 73,801 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Property taxes | 11,466 | 11,466 | ||
| Payroll taxes for allocated services | 2,359 | 2,359 | ||
| Misc taxes | 1,400 | 1,400 |