| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUDIT | 4,150 | 1,477 | 2,673 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| CAPAC | 2016-03-07 | 216,826 | 14,993 | STRAIGHT LINE | 30.0000 | 6,561 | |||
| MCCOMB | 2017-09-08 | 338,000 | 10,433 | STRAIGHT LINE | 30.0000 | 10,433 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 130,862 | 130,862 | 130,862 | |
| 1600 GRATIOT BUILDING | 284,515 | 138,701 | 145,814 | 145,814 |
| WISCONSIN BUILDING | 97,031 | 18,800 | 78,231 | 78,231 |
| GRATIOT IMPROVEMENTS | 15,618 | 7,681 | 7,937 | 7,937 |
| CARPET | 5,391 | 5,391 | ||
| GRATIOT IMPROVEMENTS | 2,260 | 885 | 1,375 | 1,375 |
| GRATIOT IMPROVEMENTS (CABINETS) | 10,786 | 809 | 9,977 | 9,977 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| UNIT INVESTMENT TRUST | FMV | 42 | |
| MUTUAL FUNDS | FMV | 311,182 | |
| REAL ESTATE INVESTMENT TRUST | FMV | ||
| COMMON STOCKS | FMV |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING CAPAC | 196,826 | 21,554 | 175,272 | 175,272 |
| BUILDING MACOMB | 313,000 | 20,867 | 292,133 | 292,133 |
| CAPAC LAND | 20,000 | 20,000 | 20,000 | |
| MACOMB LAND | 25,000 | 25,000 | 25,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 400 | 143 | 257 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| LOAN TO SANBORN GRATIOT MEMORIAL | 129,383 | 118,937 |
| Description | Amount |
|---|---|
| UNREALIZED LOSS ON INVESTMENTS | 1,057 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| DUES | 6,600 | 2,348 | 4,252 | |
| MISCELLANEOUS | 725 | 258 | 467 | |
| OFFICE EXPENSES | 98 | 34 | 64 | |
| MINOR EQUIPMENT | 4,400 | 1,566 | 2,834 | |
| INVESTMENT DEPRECIATION | 10,525 | 10,525 | 10,525 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INTEREST ON LOAN TO SANBORN | 2,492 | 2,492 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BLUE WATER RESIDENTIAL NONPROFIT | 3,600 | 3,600 | 2015-09 | 0 % |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 4,192 | 4,192 | 4,192 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT TAXES/LICENSES | 1,100 | 1,100 |