| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| YAKUB AND COMPANY INC | 615 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 1672 Woodland Avenue | 2018-07-01 | 214,170 | 0 | S/L | 2750 % | 3,570 | 6,159 | ||
| 8910 Robin Drive | 2018-07-01 | 237,215 | 0 | S/L | 2750 % | 3,954 | 8,230 | ||
| 7412 N Milwaukee | 2018-07-01 | 250,000 | 0 | S/L | 3900 % | 2,858 | 3,568 | ||
| 5222 N Elston | 2018-07-01 | 400,000 | 0 | S/L | 3900 % | 4,587 | 10,528 | ||
| Unit 8G Golf Towers | 2018-07-01 | 129,965 | 0 | S/L | 2750 % | 2,167 | 4,501 | ||
| Unit 1A Golf Towers | 2018-07-01 | 149,985 | 0 | S/L | 2750 % | 2,500 | 6,845 | ||
| Building | 2017-07-01 | 1,241,828 | 0 | S/L | 3900 % | 31,840 | |||
| Land | 2017-07-01 | 250,000 | 0 | 0 % | 0 | ||||
| Improvementts | 2017-10-01 | 28,887 | 0 | MACRS 200 | 700 % | 7,074 | |||
| Security Equipment | 2017-10-01 | 20,005 | 0 | AMORTIZ | 300 % | 6,668 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Monaville Building | 1,241,828 | 45,638 | 1,196,190 | |
| IMPROVEMENTS | 28,887 | 8,718 | 20,169 | |
| Land | 250,000 | 250,000 | ||
| Security Equipment | 20,005 | 8,345 | 11,682 | |
| 1672 Woodland Avenue Desplaines Illinois | 214,170 | 3,570 | 210,600 | |
| 8910 Robin Drive Desplaines Illinois | 237,215 | 3,954 | 233,261 | |
| 7412 N Milwaukee NILES Illinois | 250,000 | 2,858 | 247,142 | |
| 5222 N Elston CHICAGO IL 60630 | 400,000 | 4,587 | 395,413 | |
| Unit 8G Golf Towers Desplaines Illinois | 129,965 | 2,167 | 127,798 | |
| Unit 1A Golf Towers Desplaines Illinois | 149,985 | 2,500 | 147,485 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| General | 3,500 |
| Item No. | 1 |
|---|---|
| Lender's Name | House of AFH LLC |
| Lender's Title | |
| Relationship to Insider | Disqualifed |
| Original Amount of Loan | 1,350,000 |
| Balance Due | 1,350,000 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | Purchase Building |
| Description of Lender Consideration | Cash |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | Ashfaq Hussain |
| Lender's Title | President |
| Relationship to Insider | Disqualifed |
| Original Amount of Loan | 961,387 |
| Balance Due | 961,387 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | Future Programs |
| Description of Lender Consideration | Cash |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Construction in Progress | 250,086 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Food | 1,504 | |||
| Charitable Programs Feasibility Research: Senior Assisted Living | 15,000 | |||
| Internet Expenses | 1,895 | |||
| Insurance | 8,210 | |||
| Supplies | 6,579 | |||
| Postage | 200 | |||
| Repairs and Maintenance | 55,561 | |||
| Telephone Expenses | 1,661 | |||
| Utilities | 27,791 | |||
| Safety and Security | 7,367 | |||
| Association Fees | 4,984 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Miscellaneous | 1,266 | |||
| Clerics | 19,300 | |||
| Daycare Specialist | 17,861 |
| Name | Address |
|---|---|
|
Ashfaq Hussain |
8620 LYONS ST Des Plaines,IL60016 |
|
Fatima Ashfaq |
8620 LYONS ST Des Plaines,IL60016 |