| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting fees | 500 | 167 | 167 | 500 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| Organizational expense | 2005-09-06 | 5,530 | 3,424 | 15 | 369 | 0 | 0 | 3,793 |
| Organizational expense | 2006-10-31 | 2,500 | 1,533 | 15 | 167 | 0 | 0 | 1,700 |
| Organization expense | 2007-02-26 | 5,000 | 3,048 | 15 | 333 | 0 | 0 | 3,381 |
| 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 | 2005-12-28 | 244,365 | 75,453 | SL | 39 | 1,828 | 0 | 0 | |
| Improvements | 2006-01-09 | 41,802 | 12,821 | SL | 39 | 313 | 0 | 0 | |
| Improvements | 2007-04-06 | 26,745 | 7,346 | SL | 39 | 200 | 0 | 0 | |
| New Roof | 2016-06-23 | 186,243 | 7,362 | SL | 39 | 1,393 | 0 | 0 | |
| Building improvement | 2017-07-17 | 18,000 | 212 | SL | 39 | 135 | 0 | 0 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| Building and improvements | 2005-12 | Purchase | 2018-04 | 6833 DAN DANCIGER LLC | 490,000 | 548,775 | 44,706 | 3,582 | 107,063 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Buildings and improvements | 0 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Legal fees | 84,421 | 28,140 | 28,140 | 84,421 |
| Item No. | 1 |
|---|---|
| Lender's Name | Lydia Stasiak |
| Lender's Title | |
| Original Amount of Loan | 50000 |
| Balance Due | 0 |
| Date of Note | 2016-11 |
| Maturity Date | |
| Repayment Terms | LOC |
| Interest Rate | 7 |
| Security Provided by Borrower | none |
| Purpose of Loan | building damage lawsuit recove |
| Description of Lender Consideration | |
| Consideration FMV | 0 |
| Item No. | 2 |
|---|---|
| Lender's Name | Merri-jo Hillaker |
| Lender's Title | President |
| Original Amount of Loan | 168000 |
| Balance Due | 0 |
| Date of Note | 2016-10 |
| Maturity Date | |
| Repayment Terms | LOC |
| Interest Rate | 7 |
| Security Provided by Borrower | none |
| Purpose of Loan | building damage lawsuit recove |
| Description of Lender Consideration | |
| Consideration FMV | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Deposits | 613 | 0 | 0 |
| Net Intangible Assets | 5,025 | 4,156 | 4,156 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Supplies | 50 | 17 | 17 | 50 |
| Bank charges | 46 | 15 | 15 | 46 |
| Insurance | 849 | 283 | 283 | 849 |
| Repairs | 3,912 | 1,304 | 1,304 | 3,912 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Security Deposit | 3,500 | 0 |
| Accrued Interest | 11,080 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Contract labor | 13,720 | 4,573 | 4,573 | 13,720 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Real estate tax | 12,492 | 4,164 | 4,164 | 12,492 |