| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 3,000 | 3,000 | 3,000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FIRE ALARM SYSTEM | 1994-06-01 | 6,507 | 6,507 | S/L | 15.0000 | ||||
| HEATER | 1985-11-01 | 75 | 75 | S/L | 15.0000 | ||||
| MOWERS | 1989-07-01 | 1,500 | 1,500 | S/L | 5.0000 | ||||
| BLDG IMPROVEMENTS | 1993-11-01 | 14,208 | 9,228 | S/L | 30.0000 | 474 | 474 | 474 | |
| BED | 1993-01-01 | 289 | 289 | S/L | 5.0000 | ||||
| TELEVISION | 1993-04-01 | 100 | 100 | S/L | 5.0000 | ||||
| RESTROOMS/CLOSETS | 1997-06-30 | 17,821 | 14,702 | S/L | 20.0000 | 891 | 891 | 891 | |
| 5 AIR CONDITIONERS- 1 TV | 1997-06-30 | 1,222 | 1,222 | S/L | 10.0000 | ||||
| WASHING MACHINE | 1993-06-01 | 150 | 150 | S/L | 7.0000 | ||||
| HOTEL AND APARTMENTS | 2030-01-01 | 125,594 | 125,594 | S/L | 30.0000 | ||||
| 7 AIR CONDITIONER UNITS | 2000-06-15 | 1,008 | 1,008 | 200DB | 7.0000 | ||||
| 4 TELEVISIONS | 2000-06-15 | 484 | 484 | 200DB | 7.0000 | ||||
| 3 HEATERS | 2000-06-15 | 505 | 505 | 200DB | 7.0000 | ||||
| JOHN DEERE MOWER | 2000-06-15 | 1,500 | 1,500 | 200DB | 5.0000 | ||||
| STOVE & GRILL | 2000-06-15 | 2,630 | 2,630 | 200DB | 7.0000 | ||||
| DEEP FRYER | 2000-06-15 | 323 | 323 | 200DB | 7.0000 | ||||
| IMPROVEMENTS | 2000-06-15 | 8,800 | 3,056 | S/L | 39.0000 | 225 | 225 | 225 | |
| 3 BED SETS | 2001-08-23 | 477 | 477 | 200DB | 7.0000 | ||||
| WASHER | 2001-10-02 | 399 | 399 | 200DB | 7.0000 | ||||
| DRYER | 2001-10-16 | 160 | 160 | 200DB | 7.0000 | ||||
| DRYER | 2001-11-21 | 108 | 108 | 200DB | 7.0000 | ||||
| 3 A/C UNITS | 2003-06-17 | 452 | 452 | 200DB | 7.0000 | ||||
| USED DRYER | 2003-05-18 | 50 | 50 | 200DB | 7.0000 | ||||
| 2 TV SETS | 2003-07-03 | 126 | 126 | 200DB | 7.0000 | ||||
| NEW DRYER | 2003-09-09 | 365 | 365 | 200DB | 5.0000 | ||||
| BEDROOM SET | 2003-09-29 | 150 | 150 | 200DB | 7.0000 | ||||
| 1 TELEVISION | 2004-03-18 | 60 | 60 | S/L | 5.0000 | ||||
| 2 TELEVISIONS | 2004-03-25 | 130 | 130 | S/L | 5.0000 | ||||
| SEARS WASHING MACHINE | 2004-05-29 | 475 | 475 | S/L | 7.0000 | ||||
| RAMP REBUILD | 2004-04-08 | 1,700 | 829 | S/L | 20.0000 | 85 | 85 | 85 | |
| STOVE | 2006-07-24 | 1,650 | 1,650 | 200DB | 7.0000 | ||||
| ROOF - APARTMENT | 2010-11-17 | 31,990 | 2,529 | S/L | 39.0000 | 820 | 820 | 820 | |
| BUILDING IMPROVEMENTS (KARGES) | 2013-01-31 | 20,500 | 504 | S/L | 39.0000 | 525 | 525 | 525 | |
| ROOM IMPS/ACCESSORIES | 2014-07-10 | 4,238 | 200DB | 7.0000 | 2,422 | 2,422 | 2,422 | ||
| A/C UNITS | 2014-06-03 | 646 | 200DB | 7.0000 | 369 | 369 | 369 | ||
| CLOTHES DRYER | 2014-07-10 | 730 | 200DB | 7.0000 | 417 | 417 | 417 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 247,122 | 183,565 | 63,557 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| HISTORICAL ITEMS | 1,657 | 1,657 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| OFFICE EXPENSE | 329 | 329 | 329 | |
| REPAIRS - HOTEL & APTS | 5,332 | 5,332 | 5,332 | |
| INSURANCE | 4,376 | 4,376 | 4,376 | |
| UTILITIES | 24,443 | 24,443 | 24,443 | |
| SUPPLIES - HOTEL | 9,612 | 9,612 | 9,612 | |
| TELEPHONE | 1,076 | 1,076 | 1,076 | |
| BANK SERVICE CHARGES | 107 | 107 | 107 | |
| CREDIT CARD FEES | 588 | 588 | 588 | |
| FUNDRAISING EXPENSES | 876 | 876 | 876 | |
| BUSINESS PROMOTION | 100 | 100 | 100 |
| Description | Amount |
|---|---|
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| LOAN PAYABLE - FIRST STATE BANK | 1,217 | |
| LOAN PAYABLE - FIRST STATE BANK | 2,077 | 1,272 |
| LOAN PAYABLE - A.B. PIERCE | 2,000 | 2,000 |
| LOAN PAYABLE - L.E. PIERCE | 6,000 | 5,800 |
| GRANT - ROOM SPONSORSHIP | 1,800 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| HOTEL AND APARTMENT | 4,799 |