| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Osayamwen CPA | 12,000 | 11,750 | 250 |
| Category | Amount |
|---|---|
| NONE |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT IN PARMA MOTOR LAND LLC | AT COST | 4,050,455 | 4,050,455 |
| INVESTMENT IN REDWOOD EARLY STAGE | AT COST | 240,000 | 240,000 |
| INVESTMENT IN SUMMERSET OAKS PHASE 2 | AT COST | 100,000 | 100,000 |
| INVESTMENT IN REDWOOD SOUTHGATE | AT COST | 350,000 | 350,000 |
| INVESTMENT IN MARYSVILLE SR 4 LAND | AT COST | 350,000 | 350,000 |
| INVESTMENT IN LAFEYETTE TWYCKENH | AT COST | 150,000 | 150,000 |
| INVESTMENT IN REDWOOD BROOK | AT COST | 150,000 | 150,000 |
| INVESTMENT IN REDWOOD ROCHESTER | AT COST | 150,000 | 150,000 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 385,600 | 385,600 | 385,600 | |
| BUILDINGS | 417,200 | 417,200 | 417,200 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Bank Charges and Brokerage Fee | 126 | 126 | ||
| Material, Repair and Maintanance | 3,102 | 3,102 | ||
| Insurance | 1,960 | 1,960 |
| Description | Amount |
|---|---|
| SEE STATEMENT | 0 |
| RECLASSIFICATION OF COMPENSATION TO OFFICERS - FOOTNOTES DISCLOSURE ONLY | 36,000 |
| PRIOR ADJUSTMENT INCOME | 3,591 |
| RECLASSIFICATION OF DEFERRED REVENUE - UNREALIZED GAIN ON CLOSED LOAN | 156,450 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TMS ENTERPRISES LTD | NONE | 425,000 | 2009-01 | 2020-07 | PRINCIPAL AND INTEREST | 6.0000000000 % | LAND AND BUILDING | LAND AND BUILDING PURCHASE | LAND AND BUILDING PURCHASE | ||
| HAGE MOUNIR | NONE | 100,000 | 8,758 | 2006-01 | 2016-12 | PRINCIPAL AND INTEREST | 8.0000000000 % | LAND | LAND PURCHASE | LAND |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Property Manager Fees | 6,000 | 6,000 | ||
| Real Estate Consultant Fee | 6,000 | 6,000 | ||
| Charitable organization Manager | 6,000 | 750 | 5,250 | |
| Investment Advisory Consultant | 6,000 | 6,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Real estate tax not included in line 20 | 21,325 | 21,325 | ||
| Income tax | 1,000 | 1,000 |