| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BOOKKEEPING INCLUDING BILLING | 2,472 | 2,472 | ||
| PREPARATION OF FORM 990 | 4,900 | 4,900 | ||
| LAKESHORE RENTAL PROPERTY | 2,473 | 2,473 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAKESHORE HOUSE | 2010-06-01 | 636,882 | 199,556 | S/L | 25.0000 | 25,476 | |||
| OFFICE COMPUTER AND PRINTER | 2015-01-15 | 1,054 | 838 | 200DB | 5.0000 | 115 | |||
| LAKESHORE PROP-BLDG IMPROV | 1997-03-31 | 7,625 | 6,558 | S/L | 25.0000 | 177 | |||
| LAKESHORE PROP-BLDG IMPROV | 1998-10-31 | 21,250 | 17,425 | S/L | 25.0000 | 496 | |||
| LAKESHORE PROP-BLDG IMPROV | 1998-10-08 | 12,297 | 9,592 | S/L | 25.0000 | 287 | |||
| LAKESHORE PROP-BLDG IMPROV | 1999-10-01 | 4,132 | 3,057 | S/L | 25.0000 | 97 | |||
| LAKESHORE PROP-BLDG IMPROV | 2011-07-27 | 670 | 638 | S/L | 7.0000 | 32 | |||
| LAKESHORE PROP-F&F/APPLIANCES | 2011-06-27 | 1,421 | 1,370 | S/L | 7.0000 | 51 | |||
| LAKESHORE PROP-LAND | 1996-05-03 | 38,000 | |||||||
| LAKESHORE PROP-F&F/APPLIANCES | 2000-02-08 | 752 | 752 | S/L | 7.0000 | ||||
| LAKESHORE PROP-F&F/APPLIANCES | 2000-07-27 | 948 | 948 | S/L | 7.0000 | ||||
| LAKESHORE PROP-F&F/APPLIANCES | 2000-08-02 | 743 | 743 | S/L | 7.0000 | ||||
| LAKESHORE PROP-F&F/APPLIANCES | 2000-11-16 | 404 | 404 | S/L | 7.0000 | ||||
| LAKESHORE PROP-F&F/APPLIANCES | 2001-08-03 | 787 | 787 | S/L | 7.0000 | ||||
| LAKESHORE PROP-F&F/APPLIANCES | 2003-12-01 | 2,500 | 2,500 | S/L | 7.0000 | ||||
| LAKESHORE PROP-F&F/APPLIANCES | 2004-10-15 | 318 | 318 | S/L | 7.0000 | ||||
| LAKESHORE PROP-F&F/APPLIANCES | 2005-02-21 | 1,322 | 1,322 | S/L | 7.0000 | ||||
| LAKESHORE PROP-BLDG | 1996-05-03 | 50,000 | 43,000 | S/L | 25.0000 | 1,167 | |||
| LAKESHORE PROP-LAND APTS | 1996-05-03 | 9,000 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| SALE OF APT BLDG | PURCHASE | 2018-10 | 75,000 | 114,168 | 1,001 | 51,550 | 91,719 | |||
| SALE OF APTS | PURCHASE | 2018-10 | 225,000 | 302,956 | 3,003 | 178,649 | 259,608 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND HELD FOR INVESTMENT | 305,000 | 305,000 | 41,600 | |
| LAND, BUILDING AND EQUIPMENT |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CERTIFICATES OF DEPOSIT | AT COST | 3,750,000 | 3,750,000 |
| MUTUAL FUNDS | AT COST | 1,569,131 | 1,515,221 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDINGS AND EQUIPMENT | 636,882 | 225,032 | 411,850 | 468,400 |
| OFFICE EQUIPMENT | 1,054 | 953 | 101 | |
| LAND | 38,000 | 38,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LAKESHORE RENTAL PROPERTY | ||||
| TRASH REMOVAL | 391 | 391 | ||
| CULLIGAN | 495 | 495 | ||
| INSURANCE | 416 | 416 | ||
| REPAIRS AND MAINTENANCE | 2,003 | 2,003 | ||
| LAWN CARE AND SNOW REMOVAL | 45 | 45 | ||
| UTILITIES | 1,164 | 1,164 | ||
| PROPERTY TAXES | 527 | 527 | ||
| OTHER | 480 | 480 | ||
| INVESTMENT DEPRECIATION | 6,918 | 6,918 | ||
| EXPENSES | ||||
| LICENSE | 20 | |||
| BUILDING EXPENSES | 13,022 | 13,022 | ||
| OFFICE EXPENSES | 1,295 |
| Description | Amount |
|---|---|
| ROUNDING | 2 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES ON LAND HELD FOR | 889 | 889 | ||
| FEDERAL EXCISE TAX | 1,000 |