| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 5,300 | 21 | 1,329 | 3,950 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| FINANCING COSTS | 2017-11-01 | 128,767 | 7,995 | 420.000000000000 | 3,679 | 0 | 3,679 | 11,674 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND | 1990-01-01 | 49,467 | NC | 0 % | 0 | 0 | 0 | ||
| BUILDINGS | 1990-01-01 | 1,312,026 | 984,117 | SL | 40.000000000000 | 32,801 | 0 | 32,801 | |
| FURNITURE & EQUIPMENT | 1990-01-01 | 4,670 | 4,670 | SL | 10.000000000000 | 0 | 0 | 0 | |
| GATEWAY COMPUTER | 2000-07-01 | 1,705 | 1,705 | SL | 5.000000000000 | 0 | 0 | 0 | |
| CARPET COMMON AREA | 1998-07-15 | 10,208 | 10,208 | SL | 10.000000000000 | 0 | 0 | 0 | |
| AUTOMATIC DOOR | 2001-06-22 | 2,882 | 1,333 | SL | 40.000000000000 | 72 | 0 | 72 | |
| REPLACE COMPRESSOR | 2001-09-12 | 5,739 | 5,739 | SL | 10.000000000000 | 0 | 0 | 0 | |
| INSTALL BUILDING SIGN | 2001-11-06 | 2,548 | 2,548 | SL | 10.000000000000 | 0 | 0 | 0 | |
| PARKING LOT REPAIR | 1999-12-01 | 1,762 | 1,762 | SL | 15.000000000000 | 0 | 0 | 0 | |
| PARKING LOT EXPANSION | 2000-08-12 | 7,340 | 7,340 | SL | 15.000000000000 | 0 | 0 | 0 | |
| REPAIR WALL | 2001-07-27 | 2,867 | 2,867 | SL | 15.000000000000 | 0 | 0 | 0 | |
| PARKING LOT | 2001-09-30 | 5,970 | 5,970 | SL | 15.000000000000 | 0 | 0 | 0 | |
| LAWN TRACTOR | 1999-08-15 | 970 | 970 | SL | 10.000000000000 | 0 | 0 | 0 | |
| ROOF | 2006-04-01 | 24,000 | 8,250 | SL | 40.000000000000 | 600 | 0 | 600 | |
| UNDERGROUND REFRIGERANT LINE | 2007-06-01 | 9,965 | 3,135 | SL | 40.000000000000 | 249 | 0 | 249 | |
| SEALANT PARKING LOT | 2009-09-05 | 2,743 | 1,417 | SL | 20.000000000000 | 137 | 0 | 137 | |
| LIGHTNING RODS | 2010-09-09 | 5,607 | 1,305 | SL | 40.000000000000 | 140 | 0 | 140 | |
| REPLACED BOILER | 2011-04-20 | 3,982 | 866 | SL | 40.000000000000 | 100 | 0 | 100 | |
| REPLACE BACKFLOW & WATER METER | 2011-03-18 | 4,451 | 978 | SL | 40.000000000000 | 111 | 0 | 111 | |
| BUILDING | 2013-07-31 | 114,734 | 18,405 | SL | 40.000000000000 | 2,868 | 0 | 2,868 | |
| CHILLER | 2014-04-29 | 51,506 | 7,297 | SL | 40.000000000000 | 1,288 | 0 | 1,288 | |
| SHOWER STALL / FLOOR | 2014-08-28 | 3,395 | 453 | SL | 40.000000000000 | 85 | 0 | 85 | |
| 7 TABLES FOR COMM ROOM | 2014-01-13 | 2,337 | 1,402 | SL | 10.000000000000 | 234 | 0 | 234 | |
| RETAINING WALL BACK OF PROPERTY | 2015-07-24 | 15,983 | 1,765 | SL | 40.000000000000 | 400 | 0 | 400 | |
| WINDOWS | 2016-02-15 | 17,417 | 1,705 | SL | 40.000000000000 | 435 | 0 | 435 | |
| SHOWER REMODEL | 2016-07-27 | 6,226 | 532 | SL | 40.000000000000 | 156 | 0 | 156 | |
| ELEVATOR MOTOR | 2016-02-11 | 3,081 | 302 | SL | 40.000000000000 | 77 | 0 | 77 | |
| WINDOWS 1ST AND 2ND FLOOR | 2017-05-15 | 37,322 | 2,488 | SL | 40.000000000000 | 933 | 0 | 933 | |
| CPU BOARD | 2017-08-15 | 7,739 | 468 | SL | 40.000000000000 | 193 | 0 | 193 | |
| DRAINAGE AND RETAINING WALL | 2017-12-15 | 15,625 | 1,628 | SL | 20.000000000000 | 781 | 0 | 781 | |
| 2 PERSONAL COMPUTERS | 2018-07-15 | 1,652 | 496 | SL | 5.000000000000 | 330 | 0 | 330 | |
| LAND IMPROVEMENTS | 2018-12-31 | 22,655 | 1,133 | SL | 20.000000000000 | 1,133 | 0 | 1,133 | |
| BUILDING IMPROVEMENTS | 2018-12-31 | 291,665 | 7,292 | SL | 40.000000000000 | 7,292 | 0 | 7,292 | |
| DEVELOPER FEE | 2018-12-31 | 265,216 | 6,630 | SL | 40.000000000000 | 6,630 | 0 | 6,630 | |
| BOILER | 2019-10-15 | 18,613 | 116 | SL | 40.000000000000 | 465 | 0 | 465 | |
| EMERGENCY SYSTEM | 2019-10-15 | 9,480 | 59 | SL | 40.000000000000 | 237 | 0 | 237 | |
| FLOORING | 2019-10-15 | 5,001 | 139 | SL | 9.000000000000 | 556 | 0 | 556 | |
| CARPET | 2019-10-15 | 4,297 | 119 | SL | 9.000000000000 | 477 | 0 | 477 | |
| FLOORING SUPPLIES | 2019-10-15 | 882 | 25 | SL | 9.000000000000 | 98 | 0 | 98 | |
| CONCRETE REPAIRS | 2019-10-15 | 5,764 | 72 | SL | 20.000000000000 | 288 | 0 | 288 | |
| CARPET | 2019-10-15 | 3,473 | 96 | SL | 9.000000000000 | 386 | 0 | 386 | |
| MAILBOX UNITS | 2020-01-23 | 3,489 | SL | 40.000000000000 | 80 | 0 | 80 | ||
| FLOORING | 2020-01-24 | 7,903 | SL | 9.000000000000 | 805 | 0 | 805 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| RESTRICTED CASH | AT COST | 527,484 | 527,484 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING IMPROVEMENTS | 559,597 | 74,006 | 485,591 | 485,591 |
| BUILDINGS | 1,691,976 | 1,051,452 | 640,524 | 640,524 |
| LAND | 49,467 | 0 | 49,467 | 49,467 |
| LAND IMPROVEMENTS | 61,984 | 22,974 | 39,010 | 39,010 |
| MAINTENANCE EQUIPMENT | 970 | 970 | 0 | |
| OFFICE FURNITURE | 10,364 | 8,837 | 1,527 | 1,527 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| SECURITY DEPOSITS | 12,719 | 12,917 | 12,917 |
| FINANCING COSTS | 120,773 | 117,094 | 117,094 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSES | 27,943 | 0 | 7,035 | 20,908 |
| INSURANCE | 3,669 | 0 | 924 | 2,745 |
| SERVICE COORDINATOR | 20,182 | 0 | 5,081 | 15,101 |
| MGMT CO EMPLOYEE CHARGEBACK | 55,094 | 223 | 13,814 | 41,057 |
| BAD DEBTS | 64 | 0 | 16 | 48 |
| AMORTIZATION | 3,679 | 0 | 3,679 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INTEREST ON CASH INVESTMENTS | 337 | 337 | |
| LOW INCOME RENTS | 147,703 | 147,703 | |
| MISCELLANEOUS INCOME | 2,538 | 2,538 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| SECURITY DEPOSITS | 12,079 | 12,523 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MANAGEMENT FEES | 23,040 | 93 | 5,777 | 17,170 |