| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,000 | 0 | 0 | 2,000 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BED BATH 5.165% | 43,828 | 43,000 |
| MOTOROLA SOL 5.22% | 40,175 | 53,624 |
| GE GLOBAL INSURANCE 7.00% | 104,700 | 127,179 |
| CHES & POTOMAC TEL 8.00% | 113,125 | 136,325 |
| NEW JERSEY BELL TEL 7.85% | 108,907 | 138,459 |
| ASSURED GUARANTY US HLDS 7.0% | 177,817 | 269,128 |
| CITIGROUP, INC. 6.125% | 90,620 | 140,539 |
| GOLDMAN SACHS GP 6.75% | 99,716 | 153,016 |
| BELLSOUTH TELECOM 7.00% | 106,019 | 147,823 |
| FORD MOTOR CO SR NOTE 5.291% | 49,099 | 52,250 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BP, PLC | 41,725 | 84,440 |
| SITE CENTERS | 18,763 | 3,461 |
| EQUITY RESIDENTAIL REIT | 19,705 | 41,496 |
| HEALTHCARE PPTYS | 22,559 | 24,940 |
| INTEL CORP | 19,419 | 42,347 |
| IBM | 29,435 | 35,876 |
| JP MORGAN & CO, INC. | 29,087 | 107,501 |
| JOHNSON & JOHNSON | 19,931 | 59,018 |
| LILLY ELI CO | 9,444 | 25,326 |
| MACK CALI REALTY CORP REIT | 19,611 | 6,728 |
| MERCK & CO, INC. | 9,830 | 49,080 |
| MICROSOFT | 10,349 | 262,233 |
| PFIZER, INC. | 15,424 | 60,737 |
| PROLOGIS, INC. | 37,895 | 98,364 |
| ROYAL DUTCH SHELL | 150,100 | 89,783 |
| SIMON PROPERTY GROUP, INC. | 55,745 | 80,189 |
| WASHINGTON PRIME GROUP | 3,535 | 339 |
| WEINGARTEN REALTY INV SBI REIT | 19,450 | 14,302 |
| RETAIL VALUE | 1,087 | 540 |
| WABTEC | 390 | 364 |
| ABBVIE | 50,076 | 64,290 |
| VIATRIS | 0 | 3,823 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ENERGY TRANSFER PARTNERS-LIMITED PARTRNERSHIP | AT COST | 44,129 | 24,102 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 17,100 | 0 | 0 | 17,100 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DIVIDEND RECEIVABLE | 1,222 | 1,222 |
| Description | Amount |
|---|---|
| NONDEDUCTIBLE EXPENSES | 11 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 2,922 | 0 | 0 | 2,292 |
| FEES | 68 | 0 | 0 | 68 |
| ANNUAL REPORTS | 50 | 0 | 0 | 50 |
| OTHER CHARITABLE | 4 | 0 | 0 | 4 |
| LOSS ON ORDINARY BUSINESS PASSTHROUGH | 2,152 | 2,152 | 0 | 0 |
| Description | Amount |
|---|---|
| NONDIVIDEND DISTRIBUTIONS | 458 |
| BOND PREMIUM | 1,496 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 980 | 0 | 0 | 0 |
| PAYROLL TAXES | 2,715 | 0 | 0 | 1,358 |
| OTHER TAXES | 734 | 734 | 0 | 0 |