| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| JIM GAY, CPA ACCOUNTING & TAX | 1,657 | |||
| Karen Jackson Bookkeeping | 26,000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BLD IMP NEW ROOF FACE | 2009-11-01 | 115,553 | 30,000 | SL | 39.000000000000 | 2,963 | |||
| BLD IMP AIR CONDITIONERS | 2009-03-03 | 34,480 | 25,318 | 150DB | 15.000000000000 | 2,036 | |||
| BLD IMP ROOF-2010 | 2010-05-10 | 76,400 | 18,855 | SL | 39.000000000000 | 1,959 | |||
| BLD IMP AIR CONDITIONER-2010 | 2010-10-10 | 14,000 | 8,516 | SL | 15.000000000000 | 933 | |||
| BLD IMP REMODELING & SUBDIVIDING | 2011-12-31 | 198,659 | 40,964 | SL | 39.000000000000 | 5,094 | |||
| BLD IMP Buildout-Remax 574 Richie HWY | 2012-06-22 | 16,000 | 3,092 | SL | 39.000000000000 | 410 | |||
| BLD IMP 2013 NEW ROOF | 2013-11-09 | 94,970 | 14,914 | SL | 39.000000000000 | 2,435 | |||
| BLD IMP 2014 NEW ROOF | 2014-06-23 | 85,350 | 12,126 | SL | 39.000000000000 | 2,189 | |||
| BLD IMP PARKING LOT PAVING | 2014-06-15 | 42,739 | 18,764 | 150DB | 15.000000000000 | 2,524 | |||
| 1331 CITIZENS PKWY, MORROW, GA | 2015-12-31 | 200,000 | 15,027 | SL | 39.000000000000 | 3,718 | |||
| 3003 NORTON STREET | 2019-08-20 | 88,784 | 0 | SL | 39.000000000000 | 2,277 | |||
| 2455 OLD COVINGTON HWY | 2019-10-07 | 379,523 | 0 | SL | 39.000000000000 | 9,731 | |||
| BLD IMP MARYLAND | 2020-12-31 | 35,900 | 0 | SL | 39.000000000000 | 38 | |||
| INVESTORS WAY CAMDEN NC | 2020-06-30 | 151,448 | 0 | SL | 39.000000000000 | 2,103 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| IMPROVEMENTS | 714,051 | 193,130 | 520,921 | |
| 1331 CITIZENS PKWY MORROW GA | 145,000 | 18,745 | 126,255 | |
| LAND 1331 CITIZENS PKWY MORROW GA | 55,000 | 0 | 55,000 | |
| 3003 Norton St Texarkana | 88,784 | 2,277 | 86,507 | |
| Lot 214 2445 Covington Hwy | 379,523 | 9,731 | 369,792 | |
| INVESTORS WAY CAMDEN NC | 151,448 | 2,103 | 149,345 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Due from Tenants | 9,111 | 94,641 | 94,641 |
| Timing Adjustments | 0 | 0 | 0 |
| A/R | 0 | -3 | -3 |
| Description | Amount |
|---|---|
| Adjustments | 4,451 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 36,221 | |||
| MAINT & REPAIRS | 11,532 | |||
| MANAGEMENT FEES | 49,059 | |||
| UTILITIES | 10,677 | |||
| ADVERTISING | 35,451 | |||
| TELEPHONE | 937 | |||
| BOOKS, SUBSCRIPTIONS, REF. | 366 | |||
| COMPUTER & INTERNET | 2,531 | |||
| SUPPLIES | 23,658 | |||
| BANK SERVICE CHARGES/FEES | 224 | |||
| SUPPORT EXPENSE | 3,600 | |||
| POSTAGE | 40 | |||
| COLLECTION FEES | 1,443 | |||
| BUS. REGISTRATION FEES | 180 | |||
| COMMISSIONS | 5,338 | |||
| LICENSES | 61 |
| Description | Amount |
|---|---|
| Investment Gains | 175,910 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BAIRD INVESTMENT FEES | 10,056 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INCOME TAX | 2,853 | |||
| FOREIGN TAX PAID | 452 | |||
| PROPERTY TAXES | 91,559 |