| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 14,700 | 3,548 | 11,152 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT IN WILLOW VISTA | AT COST | 225,823 | 225,823 |
| INVESTMENT IN MILDRED SMITH I | AT COST | 10,327 | 10,327 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 19,290 | 4,656 | 14,634 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | |
| Lender's Title | LENDER |
| Relationship to Insider | |
| Original Amount of Loan | 290144 |
| Balance Due | 428144 |
| Date of Note | 2011-08 |
| Maturity Date | 2015-09 |
| Repayment Terms | |
| Interest Rate | 6.000000000000 |
| Security Provided by Borrower | MORTGAGE ON LAND, BUILDING, & EQUIPMENT |
| Purpose of Loan | ACQUIRE AND DEVELOPMENT AFFORDABLE HOUSING PROJECT |
| Description of Lender Consideration | INTEREST IN LAND, BUILDING, & EQUIPMENT |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | |
| Lender's Title | LENDER |
| Relationship to Insider | |
| Original Amount of Loan | 625000 |
| Balance Due | 408954 |
| Date of Note | 2012-12 |
| Maturity Date | 2019-12 |
| Repayment Terms | |
| Interest Rate | 6.000000000000 |
| Security Provided by Borrower | MORTGAGE FOR ACQUISITION AND OPERATING EXPENSES FOR GP INTERESTS |
| Purpose of Loan | MORTGAGE FOR ACQUISITION AND OPERATING EXPENSES FOR GP INTERESTS |
| Description of Lender Consideration | GENERAL PARTNER INTEREST IN OPERATING PARTNERSHIPS |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PRE-DEVELOPMENT COSTS - IND VETS WIP | 90,442 | 111,434 | 111,434 |
| PRE-DEVELOPMENT COSTS - COLONY ARMS | 0 | 166,216 | 166,216 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSES | 2,607 | 629 | 1,978 | 0 |
| OTHER RENTING EXPENSES | 1,127 | 272 | 855 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| DEVELOPER SERVICE FEE INCOME | 411,422 | 411,422 | |
| INCENTIVE MANAGEMENT FEE INCOME | 16,555 | 16,555 | |
| ADMINISTRATIVE FEE INCOME | 2,640 | 2,640 | |
| PROFESSIONAL SERVICE FEE | 150,133 | 150,133 | |
| ORIGINATION FEES | 25,000 | 25,000 | |
| CAPITALIZATION RECOVERY | 11,850 | 11,850 |
| Name | US / Foreign Address |
EIN | Description | Amount |
|---|---|---|---|---|
|
1118 SOUTH WASHINGTON AVENUE LANSING,MI48910 |
46-1614937 | THERE WAS NO TRANSFER TO/FROM THIS ENTITY DURING 2014. | 0 | |
|
1118 SOUTH WASHINGTON AVENUE LANSING,MI48910 |
80-0764045 | THERE WAS NO TRANSFER TO/FROM THIS ENTITY DURING 2014. | 0 | |
| Total | 0 | |||