| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 550 | 550 |
| 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 | 2013-11-25 | 1,350,000 | 154,688 | S/L | 40.0000 | 33,750 | 33,750 | ||
| BUILDING EXPANSION | 2015-04-06 | 573,722 | 46,615 | S/L | 40.0000 | 14,343 | 14,343 | ||
| BUILDING EXPANSION - TITLE INSURANCE | 2015-04-06 | 1,591 | 129 | S/L | 40.0000 | 40 | 40 | ||
| 221 N. 2ND STREET | 2016-10-18 | 80,977 | 3,374 | S/L | 40.0000 | 2,024 | 2,024 | ||
| BACKFLOW WORK | 2018-11-30 | 3,668 | S/L | 40.0000 | 53 | 53 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING | 2,009,958 | 255,016 | 1,754,942 | |
| ARCHITECT EXPENSES | ||||
| BUILDING EXPANSION | ||||
| BUILDING EXPANSION - TITLE INSURANCE |
| Item No. | 1 |
|---|---|
| Lender's Name | USDA LOAN 1 |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 1,350,000 |
| Balance Due | 1,053,229 |
| Date of Note | 2013-11 |
| Maturity Date | 2023-11 |
| Repayment Terms | MONTHLY |
| Interest Rate | 0.0313 |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | USDA LOAN 2 |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 400,000 |
| Balance Due | 335,311 |
| Date of Note | 2014-08 |
| Maturity Date | 1934-08 |
| Repayment Terms | MONTHLY |
| Interest Rate | 0.0350 |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 3 |
|---|---|
| Lender's Name | USDA LOAN 3 |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 150,000 |
| Balance Due | 126,683 |
| Date of Note | 2014-10 |
| Maturity Date | 1934-10 |
| Repayment Terms | MONTHLY |
| Interest Rate | 0.0400 |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 4 |
|---|---|
| Lender's Name | USDA LOAN 4 |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 80,000 |
| Balance Due | 71,264 |
| Date of Note | 2016-10 |
| Maturity Date | 1936-09 |
| Repayment Terms | MONTHLY |
| Interest Rate | 0.0238 |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PREPAID INSURANCE |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADMINISTRATIVE FEES | 12,000 | 12,000 | ||
| EXPENSES | ||||
| OFFCE EXPENSE | 64 | 64 | ||
| REPAIRS AND MAINTENANCE | 14,966 | 14,966 | ||
| INSURANCE | 12,281 | 12,281 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PREPAID RENT | ||
| ACCRUED INTEREST PAYABLE | 1,554 | 1,554 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROPERTY TAXES | 6,319 | 6,319 |