| 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 | 2013-06-15 | 240,000 | L | 0 | 0 | 0 | |||
| Buildings | 2013-06-15 | 960,000 | 14,177 | SL | 39.500000000000 | 24,304 | 0 | 24,304 | |
| Roof | 2013-11-15 | 38,000 | 160 | SL | 39.500000000000 | 962 | 0 | 962 | |
| Improvements | 2014-05-15 | 51,810 | SL | 39.500000000000 | 874 | 0 | 874 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Corporate Bonds | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Equities | 2,879,018 | 3,261,578 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Mutual Funds | AT COST | 2,033,136 | 2,095,358 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Land | 240,000 | 0 | 240,000 | |
| Buildings | 960,000 | 38,481 | 921,519 | |
| Roof | 38,000 | 1,122 | 36,878 | |
| Improvements | 51,810 | 874 | 50,936 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Attorney Fees | 7,946 | 7,946 | 7,946 | 7,946 |
| Description | Amount |
|---|---|
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Phone | 196 | 196 | 196 | 196 |
| Repairs & Maintenence | 55,450 | 55,450 | 55,450 | 55,450 |
| Security | 837 | 837 | 837 | 837 |
| Insurance | 10,260 | 10,260 | 10,260 | 10,260 |
| Utilities | 2,810 | 2,810 | 2,810 | 2,810 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Bank Fees | 23,824 | 23,824 | 23,824 | 0 |
| Name | Address |
|---|---|
|
|
c/o 2000 Town Center Suite 2700 Southfield,MI48075 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Foreign Tax | 2,036 | 2,036 | 0 | 0 |
| Federal Tax | 746 | 746 | 0 | 0 |
| Real Estate Tax | 32,559 | 32,559 | 32,559 | 32,559 |