| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 575 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| KITCHEN EQUIPMENT | 2007-07-01 | 4,000 | 4,000 | 200DB | 7.0000 | ||||
| WASHER & DRYER | 2007-07-01 | 900 | 900 | 200DB | 7.0000 | ||||
| STOVES | 2007-07-01 | 300 | 300 | 200DB | 7.0000 | ||||
| REAL PROPERTY - IMPROVEMENTS | 2008-06-01 | 6,845 | 2,029 | S/L | 39.0000 | 175 | |||
| REAL PROPERTY IMPROVEMENTS | 2015-07-01 | 19,256 | 2,202 | S/L | 39.0000 | 493 | |||
| REAL PROPERTY | 2006-01-01 | 2,495,271 | 893,158 | S/L | 39.0000 | 63,982 | |||
| REAL PROPERTY - IMPROVEMENTS | 2006-07-01 | 426,837 | 147,304 | S/L | 39.0000 | 10,944 | |||
| TRAILER | 2007-07-01 | 11,000 | 11,000 | 200DB | 5.0000 | ||||
| REAL PROPERTY - IMPROVEMENTS | 2007-07-01 | 181,870 | 58,099 | S/L | 39.0000 | 4,664 | |||
| LANDSCAPING | 2007-07-01 | 3,000 | 2,557 | 150DB | 15.0000 | 177 | |||
| LAND | 2006-01-01 | 623,818 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDLINGS | 3,149,279 | 1,201,984 | 1,947,295 | 2,571,113 |
| LAND | 623,818 | 623,818 |
| Item No. | 1 |
|---|---|
| Lender's Name | SATNAM HOLDINGS LLC |
| Lender's Title | |
| Original Amount of Loan | 500000 |
| Balance Due | 500000 |
| Date of Note | 2005-06 |
| Maturity Date | 1935-12 |
| Repayment Terms | 360 MO BEG 1/06 |
| Interest Rate | |
| Security Provided by Borrower | UNSECURED |
| Purpose of Loan | TO BUILD CHURCH |
| Description of Lender Consideration | UNSECURED |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | SATNAM HOLDINGS LLC |
| Lender's Title | |
| Original Amount of Loan | 896500 |
| Balance Due | 896500 |
| Date of Note | 2006-05 |
| Maturity Date | 1936-12 |
| Repayment Terms | 360 MO BEG 1/07 |
| Interest Rate | |
| Security Provided by Borrower | UNSECURED |
| Purpose of Loan | TO BUILD CHURCH |
| Description of Lender Consideration | UNSECURED |
| Consideration FMV |
| Item No. | 3 |
|---|---|
| Lender's Name | SATNAM HOLDINGS LLC |
| Lender's Title | |
| Original Amount of Loan | 100000 |
| Balance Due | 62700 |
| Date of Note | 2006-08 |
| Maturity Date | 1937-12 |
| Repayment Terms | 360 MO BEG 1/07 |
| Interest Rate | |
| Security Provided by Borrower | UNSECURED |
| Purpose of Loan | TO BUILD CHURCH |
| Description of Lender Consideration | UNSECURED |
| Consideration FMV |