| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting Fee | 1,820 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING | 2015-09-26 | 233,522 | 1,749 | SL/GDS | 0000000039.000000000000 | 5,988 | |||
| IMPROVEMENTS | 2015-10-31 | 5,000 | 27 | SL/GDS | 0000000039.000000000000 | 128 | |||
| EQUIPMENT | 2015-10-31 | 900 | 466 | 200DB | 0000000007.000000000000 | 110 | |||
| IMPROVEMENTS | 2015-08-31 | 6,750 | SL/GDS | 0000000015.000000000000 | 3,487 | ||||
| COMPUTER | 2013-12-31 | 1,556 | 1,556 | 200DB | 0000000005.000000000000 |
| Identifier | Return Reference | Explanation |
|---|
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING | 233,522 | 7,737 | 225,785 | 233,522 |
| COMPUTER | 1,556 | 1,556 | 1,556 | |
| EQUIPMENTS | 900 | 624 | 276 | 900 |
| BUILDING IMPROVEMENTS | 5,000 | 155 | 4,845 | 5,000 |
| LAND | 146,000 | 146,000 | 146,000 | |
| BUILDING IMPROVEMENTS | 6,750 | 3,487 | 3,263 | 6,750 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LAWYER FEE | 300 |
| Item No. | 1 |
|---|---|
| Lender's Name | QUADIR JALEEL |
| Lender's Title | PRESIDENT |
| Original Amount of Loan | 50000 |
| Balance Due | 50000 |
| Date of Note | 2014-09 |
| Maturity Date | 2021-10 |
| Repayment Terms | 10 MONTHS STARTING OCT 2020 |
| Interest Rate | |
| Security Provided by Borrower | PROMISORY NOTE |
| Purpose of Loan | BUILDING |
| Description of Lender Consideration | TO BUY BUILDING |
| Consideration FMV | 50000 |
| Item No. | 1 |
|---|---|
| Lender's Name | DEVON BANK |
| Lender's Title | BANK |
| Relationship to Insider | BANK |
| Original Amount of Loan | 320,000 |
| Balance Due | 305,949 |
| Date of Note | 2015-09 |
| Maturity Date | 2024-09 |
| Repayment Terms | 120 MONTHS |
| Interest Rate | 0000000000.052500000000 |
| Security Provided by Borrower | 3124 W NORTHSHORE |
| Purpose of Loan | BUILDING |
| Description of Lender Consideration | LOAN FOR BUILDING |
| Consideration FMV | 375000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SUPPLIES | 1,164 | |||
| INSURANCE | 1,816 | |||
| DUES AND SUBSCRIPTIONS | 708 | |||
| UTILITES | 15,976 | |||
| EVENTS | 1,599 | |||
| OUTSIDE CONTRACTORS | 3,775 | |||
| BANK CHARGES | 10 | |||
| REPAIR AND MAINTENANCE | 33,145 |
| Description | Amount |
|---|---|
| ADJUSTMENT TO LAST YEAR | 1,032 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL TAXES PAYABLE | 264 |
| Name | Address |
|---|---|
| SALAHUDDIN FAROOQUI |
2129 WESTMINSTER LN TUSCALOOSA,AL35406 |
|
QUADIR JALEEL MD PC |
17660 CLOVER ST BROWNSTOWN,MI48193 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 665 | |||
| REAL PROPERTY TAXES | 9,044 |