| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION & ACCOUNTING FEE | 5,204 | 5,204 |
| 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 | 2010-04-29 | 41,600 | |||||||
| BUILDING-COST | 2010-04-29 | 329,218 | 92,281 | S/L | 27.5000 | 4,489 | 4,489 | ||
| CONSTRUCTION IMPROVEMENTS | 2010-07-14 | 2,563 | 695 | S/L | 27.5000 | 35 | 35 | ||
| CONSTRUCTION IMPROVEMENTS | 2010-10-01 | 88,350 | 23,158 | S/L | 27.5000 | 1,205 | 1,205 | ||
| BUILDING-LEGAL FEES | 2010-04-29 | 505 | 142 | S/L | 27.5000 | 6 | 6 | ||
| CONSTRUCTION IMPROVEMENTS | 2011-07-01 | 265,394 | 62,327 | S/L | 27.5000 | 3,619 | 3,619 | ||
| CAPITALIZED COSTS | 2011-07-01 | 6,114 | 1,436 | S/L | 27.5000 | 83 | 83 | ||
| IMPROVEMENTS | 2012-07-01 | 18,931 | 3,758 | S/L | 27.5000 | 258 | 258 | ||
| EGRESS WINDOW AND NEW LOWER ROOF | 2015-01-01 | 2,400 | 258 | S/L | 27.5000 | 33 | 33 | ||
| EGRESS WALKWAY | 2015-06-03 | 15,750 | 1,456 | S/L | 27.5000 | 214 | 214 | ||
| NEW BASEMENT STAIRS | 2015-03-26 | 5,360 | 544 | S/L | 27.5000 | 73 | 73 | ||
| BASEMENT WORK | 2015-09-08 | 6,226 | 519 | S/L | 27.5000 | 85 | 85 | ||
| CONSTRUCTION IMPROVEMENTS | 2015-07-01 | 32,682 | 2,922 | S/L | 27.5000 | 445 | 445 | ||
| CONSTRUCTION IMPROVEMENTS | 2015-01-01 | 37,647 | 4,050 | S/L | 27.5000 | 513 | 513 | ||
| FIRE RATED DOOR (3RD FL) | 2016-03-24 | 2,524 | 164 | S/L | 27.5000 | 35 | 35 | ||
| FIRE ALARM SYSTEM | 2016-03-02 | 2,257 | 875 | 200DB | 7.0000 | 198 | 198 | ||
| NEW 80 GALLON RHEEM MARATHON WATER HEATER | 2017-01-01 | 2,150 | 75 | S/L | 27.5000 | 26 | 26 | ||
| BUILDING IMPROVEMENTS | 2018-05-20 | 19,147 | S/L | 27.5000 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| LAND | 2010-04 | PURCHASE | 2018-05 | 66,750 | 41,600 | 4,680 | 20,470 | |||
| SALE OF 157 E CHESTNUT-BUILDING | PURCHASE | 2018-05 | 526,750 | 834,961 | 36,928 | -140,233 | 204,906 | |||
| FIRE ALARM SYSTEM | 2016-03 | PURCHASE | 2018-05 | 1,500 | 2,257 | 105 | 211 | 1,073 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING | ||||
| LAND |
| Item No. | 1 |
|---|---|
| Lender's Name | NOTE PAYABLE - ALICE KENNY |
| Lender's Title | PRESIDENT |
| Original Amount of Loan | 434348 |
| Balance Due | |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | ON DEMAND |
| Interest Rate | |
| Security Provided by Borrower | NONE |
| Purpose of Loan | HELP PAY QUALIFYING DISBURSEMENTS |
| Description of Lender Consideration | NONE |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 155/157 E. CHESTNUT STREET | ||||
| ELECTRIC | 2,243 | 2,243 | ||
| EXTERMINATOR | 1,017 | 1,017 | ||
| GAS | 2,786 | 2,786 | ||
| INSURANCE | 44 | 44 | ||
| MISCELLANEOUS | 250 | 250 | ||
| REPAIRS & MAINTENANCE | 9,116 | 9,116 | ||
| TRASH | 390 | 390 | ||
| WATER & SEWER | 2,183 | 2,183 | ||
| EXPENSES | ||||
| BANK FEES | 66 | -24,742 | 24,808 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| 155/157 E. CHESTNUT STREET | 10,375 | 10,375 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| SECURITY DEPOSIT | 1,000 |