| 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 |
|---|---|---|---|---|---|---|---|---|
| AMORTIZATION | 34,800 | 34,800 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| DEPRECIATION | 3,809,209 | 1,121,104 | 1,121,104 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BROKERAGE ACCOUNT | 2,561,199 | 2,561,199 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BROKERAGE ACCOUNT | 451,051 | 451,051 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT IN ITG TAXABLE FUND | FMV | 537,500 | 537,500 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING & IMPROVEMENTS | 29,202,209 | 11,218,628 | 17,983,581 | 17,983,581 |
| FURNITURE & EQUIPMENT | 506,715 | 208,915 | 297,800 | 297,800 |
| CONSTRUCTION IN PROGRESS | 123,051 | 123,051 | 123,051 | |
| LAND | 284,907 | 284,907 | 284,907 |
| Item No. | 1 |
|---|---|
| Lender's Name | SERIES 2016 NOTE |
| Lender's Title | |
| Relationship to Insider | N/A |
| Original Amount of Loan | 24,325,000 |
| Balance Due | 21,910,795 |
| Date of Note | 2016-08 |
| Maturity Date | 1936-08 |
| Repayment Terms | MONTHLY PAYMENTS OF P&I |
| Interest Rate | 0.0255 |
| Security Provided by Borrower | ALL ASSETS OF ORGANIZATION |
| Purpose of Loan | EXPANSION AND REPAY OLD BONDS |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ASSETS LIMITED AS TO USE | 3,501,721 | 3,562,059 | 3,562,059 |
| PREPAID ADVERTISING | 98,291 | 32,291 | 32,291 |
| DEPOSITS | 20,050 | 20,050 | 20,050 |
| SWAP VALUE | 539,431 | 712,211 | 712,211 |
| FINANCING COST, NET | 306,572 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| ADVERTISING AND PROMOTION | 340,220 | 340,220 | ||
| BANK & OTHER SERVICE CHG | 1,007 | 1,007 | ||
| BARBER & BEAUTY | 16,681 | 16,681 | ||
| CONSULTANT FEES | 4,000 | 3,212 | 788 | |
| CONTINUING EDUCATION | 8,516 | 8,516 | ||
| CONTRACT SERVICES | 83,646 | 67,158 | 16,488 | |
| DINING SERVICES | 555,316 | 445,855 | 109,461 | |
| DUES & SUBSCRIPTIONS | 24,104 | 19,353 | 4,751 | |
| EQUIP RENTAL | 5,565 | 5,565 | ||
| FREIGHT & POSTAGE | 3,352 | 3,352 | ||
| HEALTH CARE COSTS | 777,788 | 624,474 | 153,314 | |
| INSURANCE | 242,301 | 2,396 | 192,616 | 47,289 |
| MANAGEMENT AND MARKETING FEES | 598,646 | 5,919 | 475,891 | 116,836 |
| MISCELLANEOUS | 45,162 | 45,162 | ||
| OFFICE EXPENSE AND SUPPLIES | 159,304 | 159,304 | ||
| INVESTMENT EXPS - ITG K-1 | 1,346 | 1,346 | ||
| REPAIRS AND MAINTENANCE | 381,200 | 306,060 | 75,140 | |
| SPECIAL EVENTS EXPENSE | 17,713 | 14,221 | 3,492 | |
| TELEPHONE | 23,116 | 18,559 | 4,557 | |
| TRANSPORTATION EXPENSE | 40,323 | 32,375 | 7,948 | |
| UNIFORMS | 7,158 | 7,158 | ||
| UTILITIES | 461,707 | 370,697 | 91,010 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROUTINE SERVICES | 5,245,819 | 5,245,819 | |
| RESIDENTIAL RENTAL INCOME | 169,693 | 169,693 | |
| OTHER SERVICES | 19,177 | 19,177 | |
| HEALTH SERVICES | 1,928,178 | 1,928,178 | |
| EARNED ENTRANCE FEES | 3,480,710 | 3,480,710 | |
| OTHER INVESTMENT INCOME | 764 | 764 | 764 |
| GAIN ON DERIVATIVE CONTRACT | 172,780 | 172,780 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| RESIDENT DEPOSITS | 257,696 | 303,471 |
| REFUNDABLE FEES PAYABLE | 1,562,187 | 1,236,587 |
| Borrower's Name | Relationship to Insider | Original Amount of Loan | Balance Due | Date of Note | Maturity Date | Repayment Terms | Interest Rate | Security Provided by Borrower | Purpose of Loan | Description of Lender Consideration | Consideration FMV |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GERHARD HOFFMAN | 187,200 | 2017-09 | 2019-03 | REPAID IN FULL IN 6 MONTHS | 5.00 % | NONE | ENTRY FEE LOAN | ||||
| CONSTANCE LANE | 85,150 | 2017-12 | 2018-06 | REPAID IN FULL IN 6 MONTHS | 5.00 % | NONE | ENTRY FEE LOAN | ||||
| ANN FERRY | 85,150 | 2017-12 | 2018-06 | REPAID IN FULL IN 6 MONTHS | 5.00 % | NONE | ENTRY FEE LOAN | ||||
| JOSEPH BARBARA HARRISON | 173,387 | 173,387 | 2018-12 | 2019-06 | REPAID IN FULL IN 6 MONTHS | 5.00 % | NONE | ENTRY FEE LOAN | |||
| KATHRYN KOWALSKI | 85,150 | 85,150 | 2018-09 | 2018-03 | REPAID IN FULL IN 6 MONTHS | 5.00 % | NONE | ENTRY FEE LOAN | |||
| NORMAN JANICE BRENNEIS | 217,238 | 217,238 | 2018-11 | 2018-05 | REPAID IN FULL IN 6 MONTHS | 5.00 % | NONE | ENTRY FEE LOAN | |||
| YVONNE COOPER | 87,000 | 87,000 | 2018-10 | 2019-04 | REPAID IN FULL IN 6 MONTHS | 5.00 % | NONE | ENTRY FEE LOAN |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TRUSTEE BANK FEES | 5,423 | 5,423 | ||
| LEGAL & AUDIT FEES | 26,385 | 261 | 26,124 | |
| PROFESSIONAL FES | 18,600 | 18,600 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 10,414 | 10,414 | ||
| TAXES & LICENSES | 2,660 | 2,660 | ||
| FLORIDA SALES TAX | 3,135 | 3,135 |