| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 51,500 | 38,625 | 0 | 12,875 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990-PF, PART IV - CAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOME | DETAILED CAPITAL GAINS AND LOSSES WILL BE PROVIDED UPON REQUEST. |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BYRNA TECHNOLOGIES | 238,699 | 2,175,000 |
| EAGLE BANCORP | 24,605 | 95,775 |
| FIRST HORIZON NATIONAL CORP (FKA CAPITAL BANK) | 93,040 | 152,515 |
| IPSIDY | 200,000 | 272,000 |
| SCHWAB - SECURITIES | 1,356,993 | 6,979,464 |
| SWEETGREEN | 35,164 | 226,643 |
| UNITED BANKSHARES (FKA BANK OF GEORGETOWN) | 99,993 | 232,114 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AFFORDABLE MINI STORAGE | AT COST | 31,783 | 31,783 |
| BDC PROPERTIES LLC | AT COST | 96,612 | 49,860 |
| BLACK STONE MINERALS LP | AT COST | 9,957 | 10,828 |
| BSV CROMWELL PARENT LLC | AT COST | 150,000 | 150,000 |
| CLEANTECH MARYLAND INVESTOR | AT COST | 47,259 | 0 |
| COCO FOLES | AT COST | 21,669 | 21,669 |
| COCO OCHO LLC | AT COST | 3,958 | 3,958 |
| DIAMOND STATE HOTEL XXXIX INVESTORS LLC | AT COST | 12,750 | 13,862 |
| DOUBLE EDGE SWORD PARTNERS | AT COST | 23,817 | 23,817 |
| FRIENDS I, LLC | AT COST | 3,894 | 3,894 |
| FRIENDS ORLO LLC | AT COST | 59,240 | 59,241 |
| FRIENDS V, LLC | AT COST | 4,268 | 4,268 |
| FRIENDS XV LLC | AT COST | 4,251 | 4,251 |
| FRIENDS XX, LLC | AT COST | 17,646 | 17,646 |
| FRIENDS XXVI, LLC | AT COST | 71,000 | 71,000 |
| FRIENDS XXXVII | AT COST | 150,000 | 150,000 |
| HILLTOP OUTPARCEL, LLC | AT COST | 5,976 | 5,976 |
| HILLTOP PLAZA HOLDINGS, LLC | AT COST | 95,418 | 95,418 |
| ICAHN ENTERPRISES LP | AT COST | 8,565 | 10,641 |
| INTERACTIVE BROKERS | AT COST | 1,026,363 | 1,777,361 |
| LECKNER FORD THREE, LLC | AT COST | 56,123 | 58,997 |
| LECKNER FORD TWO, LLC | AT COST | 48,919 | 52,620 |
| LECKNER NISSAN THREE, LLC | AT COST | 18,603 | 18,001 |
| MASS MUTUAL CASH SURRENDER VALUE | AT COST | 564,057 | 564,057 |
| NAV OPPORTUNITY FUND II LP | AT COST | 39,810 | 39,002 |
| PENNY LANE PARTNERS | AT COST | 87,775 | 87,273 |
| PENULTIMATE PARTNERS IV | AT COST | 67,255 | 67,255 |
| RGC REAL ESTATE FUND | AT COST | 100,055 | 100,055 |
| RMC-H STREET, LLC | AT COST | 121,537 | 121,537 |
| ROLLINS MRP I LLC | AT COST | 34,942 | 30,562 |
| ROLLINS MRP III LLC | AT COST | 77,299 | 77,299 |
| ROLLINS VELSOR GATEWAY LLC | AT COST | 54,439 | 54,439 |
| ROSENTHAL PROPERTY INVESTMENTS | AT COST | 102,017 | 103,617 |
| SCUDDER BAY CAPITAL, LLC | AT COST | 289,662 | 223,232 |
| UIP ONYX INVEST LLC | AT COST | 159,818 | 159,818 |
| WATCHES | AT COST | 550,000 | 550,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 15,081 | 11,311 | 0 | 3,370 |
| Item No. | 1 |
|---|---|
| Lender's Name | EAGLE BANK |
| Lender's Title | LENDER |
| Relationship to Insider | BANK |
| Original Amount of Loan | 300,000 |
| Balance Due | 270,000 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | ON DEMAND |
| Interest Rate | 3.250000000000 |
| Security Provided by Borrower | PUBLICLY TRADED SECURITIES |
| Purpose of Loan | CASH FLOW FOR CONTRIBUTIONS |
| Description of Lender Consideration | CASH |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | MASSACHUSETTS MUTUAL |
| Lender's Title | LENDER |
| Relationship to Insider | INSURANCE COMPANY |
| Original Amount of Loan | 300,000 |
| Balance Due | 0 |
| Date of Note | 2019-06 |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | 4.000000000000 |
| Security Provided by Borrower | LIFE INSURANCE POLICY |
| Purpose of Loan | CASH FLOW FOR CONTRIBUTIONS |
| Description of Lender Consideration | CASH |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DISTRIBUTIONS RECEIVABLE | 18,256 | 14,932 | 14,932 |
| Description | Amount |
|---|---|
| BOOK TO TAX DIFFERENCE | 927 |
| FAIR MARKET VALUE OF STOCK/LLC CONTRIBUTIONS RECD IN EXCESS OF DONOR'S BASIS | 182,551 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 3,445 | 3,445 | 0 | 0 |
| LIFE INSURANCE PREMIUM | 17,910 | 0 | 0 | 0 |
| OTHER DEDUCTIONS | 1,125 | 284 | 0 | 0 |
| DEDUCTIONS RELATED TO PORTFOLIO INCOME | 29,411 | 29,411 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FRIENDS I LLC | 50,186 | 50,186 | |
| SCUDDER BAY CAPITAL LLC | 18,763 | 18,763 | |
| FRIENDS V LLC | -206 | -206 | |
| AFFORDABLE MINI STORAGE OF GREENBELT, LLC | 184,904 | 184,601 | |
| FRIENDS XV, LLC | -42 | -42 | |
| FRIENDS XX, LLC | 4,228 | 4,228 | |
| SILVER OAK INVESTORS LLC | 8,428 | 8,428 | |
| CLEANTECH MARYLAND INVESTORS, LLC | -5,674 | -5,674 | |
| DOUBLE EDGE SWORD PARTNERS | 14 | 14 | |
| FRIENDS XXVI LLC | 5,110 | 5,110 | |
| COCO OCHO LLC | -1,250 | -1,250 | |
| ROSENTHAL PROPERTIES INVESTMENT FUND, LLC | 7,888 | 7,888 | |
| PENNY LANE PARTNERS | 1,061 | 1,061 | |
| FRIENDS XXX, LLC | 22,737 | 22,737 | |
| ROLLINS MRP I LLC | 11,117 | 11,117 | |
| PRUDENT CAPITAL EQUITIES | 8,768 | 8,768 | |
| DIAMOND STATE HOTEL XXXIX INVESTORS LLC | -22,847 | -29,301 | |
| HILLTOP PLAZA HOLDINGS LLC | -16,421 | -16,421 | |
| RMC - H STREET, LLC | -128,127 | -128,127 | |
| FRIENDS ORLO, LLC | -4,246 | -4,670 | |
| HILLTOP OUTPARCEL, LLC | -27 | -27 | |
| BPG HOTEL INVESTORS XLI LLC | -29,441 | -31,779 | |
| UIP ONYX INVEST LLC | -10,095 | -10,095 | |
| COCO FOLES | -52,470 | -52,470 | |
| JBG SMITH PROPERTIES LP | 525 | 525 | |
| ROLLINS MRP III, LLC | -4,861 | -4,861 | |
| ROLLINS VELSOR GATEWAY, LLC | -3,286 | -3,286 | |
| STATE INCOME TAX REFUNDS | 362 | 362 | |
| BDC PROPERTIES LLC | 6,609 | 6,609 | |
| BLACK STONE MINERALS LP | 1,726 | 1,726 | |
| ICAHN ENTERPRISES LP | -518 | -518 | |
| RCG REAL ESTATE FUND LP 16 | -3 | -3 | |
| SUBSTITUTE PAYMENTS IN LIEU OF DIVIDENDS OR INTEREST | 1,282 | 1,282 |
| Description | Amount |
|---|---|
| CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE | 215,922 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| BPG HOTEL SPECIAL XLI | 34,428 | 63,904 |
| DUE TO LECKNER FORD THREE, LLC | 4,602 | 4,602 |
| DUE TO LECKNER FORD TWO, LLC | 7,528 | 7,528 |
| EAGLE BANK | 50,319 | 0 |
| FRIENDS I LLC | 6,179 | 0 |
| FRIENDS XXX, LLC | 522,145 | 509,670 |
| SILVER OAK INVESTORS | 23,819 | 15,391 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 10,665 | 10,665 | 0 | 0 |
| Name | Address |
|---|---|
| ALAN L MELTZER |
3230 W COMMERCIAL BLVD SUITE 360 FT LAUDERDALE,FL33309 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE TAXES WITHHELD FROM PASS-THROUGH ENTITIES | 372 | 372 | 0 | 0 |
| FEDERAL EXCISE TAXES | 10,000 | 0 | 0 | 0 |
| FOREIGN TAXES | 992 | 992 | 0 | 0 |