| Category | Amount |
|---|---|
| NONE |
| Contractor | Explanation |
|---|---|
| OLD MILL BUILDERS LLC | EXTENSIVE CONTRUCTION, DEMOLITION AND RENOVATIONS ON BUILDINGS. |
| NEW CASTLE HOMES LLC | EXTENSIVE CONTRUCTION, DEMOLITION AND RENOVATIONS ON BUILDINGS. |
| TIMBERSTONE LLC | EXTENSIVE LAND IMPROVEMENTS. |
| LITCHFIELD HILLS PLUMBING LLC | EXTENSIVE PLUMBING RENOVATIONS ON BUILDINGS. |
| SIDDALL HEATING COOLING BY DESIGN | INSTALLATION OF HEATING, VENTILLATION, AND AIR CONDITIONING SYSTEMS. |
| 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 | 2015-04-01 | 1,000,000 | L | ||||||
| BLDG-IN PROGRESS | 306,763 | ||||||||
| IMPROV-IN PROGRESS | 387,082 | ||||||||
| IMPROV-IN PROGRESS | 75,001 | ||||||||
| EQUIPMENT | 2015-06-23 | 1,351 | SL | 5 | 135 | ||||
| MAINT.EQUIPMENT | 2015-07-22 | 4,000 | SL | 7 | 238 | ||||
| EQUIPMENT | 2015-08-07 | 917 | SL | 5 | 76 | ||||
| MAINT.EQUIPMENT | 2015-09-28 | 394 | SL | 7 | 14 | ||||
| FURNITURE & FIXT. | 2015-10-22 | 1,107 | SL | 7 | 26 | ||||
| APPLIANCES | 2015-12-10 | 4,413 | SL | 5 | 74 | ||||
| SIGN | 2015-06-30 | 800 | SL | 5 | 80 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| ELECTION IN SATISFACTION OF IRC4942(G)3 | FORM 990PF-PART XIII, LINE 4C | DECLARATION OF ELECTION UNDER PART XIII, LINE 4C IN SATISFACTION OF IRC 4942(G)3 ======================================================================= IN TAXABLE YEAR 2015, GREAT HOLLOW MANAGEMENT, INC., A PRIVATE OPERATING FOUNDATION, RECEIVED A GRANT IN THE AMOUNT OF $350,000 FROM THE GOLDRING FAMILY FOUNDATION, INC., A PRIVATE FOUNDATION, UNDER IRC SECTION 4942(g)(3). IN TAXABLE YEAR 2015, GREAT HOLLOW MANAGEMNT, INC. REDISTRIBUTED THE GRANT FUNDS DIRECTLY FOR THE ACTIVE CONDUCT OF ITS EXEMPT ACTIVITIES. GREAT HOLLOW MANAGEMENT, INC. IS REQUIRED TO ELECT TO TREAT THE REDISTRIBUTION OF AMOUNT $350,000 AS A DISTRIBUTION OUT OF CORPUS IN TAXABLE YEAR 2015 IN SATISFACTION OF THE REDISTRIBUTION OBLIGATION UNDER IRC SECTION 4942(g)(3). PURSUANT TO IRC SECTION 4942(h)(2) AND TREASURY REGULATION 53-4942(a)-3(d)(2), GREAT HOLLOW MANAGMENT, INC. ELECTS TO TREAT THE $350,000 AS A DISTRIBUTION OUT OF CORPUS. |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 1,000,000 | 1,000,000 | 1,000,000 | |
| BLDG-IN PROGRESS | 306,763 | 306,763 | 306,763 | |
| IMPROV-IN PROGRESS | 387,082 | 387,082 | 387,082 | |
| IMPROV-IN PROGRESS | 75,001 | 75,001 | 75,001 | |
| EQUIPMENT | 1,351 | 135 | 1,216 | 1,216 |
| MAINT.EQUIPMENT | 4,000 | 238 | 3,762 | 3,762 |
| EQUIPMENT | 917 | 76 | 841 | 841 |
| MAINT.EQUIPMENT | 394 | 14 | 380 | 380 |
| FURNITURE & FIXT. | 1,107 | 26 | 1,081 | 1,081 |
| APPLIANCES | 4,413 | 74 | 4,339 | 4,339 |
| SIGN | 800 | 80 | 720 | 720 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE EXPENSE | 23,158 | 23,158 | ||
| REPAIRS & MAINTENANCE | 7,120 | 1,494 | 5,626 | |
| OFFICE EXPENSE | 639 | 639 | ||
| BANK SERVICE FEES | 50 | 50 | ||
| OFFICE SUPPLIES | 923 | 923 | ||
| TRAVEL EXPENSE | 232 | 232 | ||
| UTILITIES | 7,145 | 7,145 | ||
| WEBSITE EXPENSE | 168 | 168 | ||
| REGISTRATION FEES | 850 | 850 | ||
| FILING FEES | 565 | 565 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 1,840 | 1,840 |
| Name | Address |
|---|---|
| GARY F GOLDRING |
C/O GREAT HOLLOW-24 BANK STREET NEW MILFORD,CT06776 |
| THE GOLDRING FAMILY FOUNDATION INC |
24 BANK STREET NEW MILFORD,CT06776 |