| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 10,815 | 0 | 10,815 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MACATAWA BANK CORP | 2,092 | 2,092 |
| VANGUARD ENERGY ETF | 103,720 | 103,720 |
| ONE LIBERTY PPTYS INC REIT | 90,315 | 90,315 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| EMBER HOLDINGS LLC | FMV | 500,000 | 500,000 |
| CHARLES SCHWAB CASH | FMV | 4,097,749 | 4,097,749 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 18,778 | 948 | 8,531 | 10,247 |
| Description | Amount |
|---|---|
| K-1 INCOME REPORTED ON 990-PF, NOT BOOKS | 7,086,733 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OUTSIDE SERVICES | 4,000 | 0 | 4,000 | 0 |
| PAYROLL PROCESSING FEES | 2,241 | 113 | 1,018 | 1,223 |
| DUES & SUBSCRIPTIONS | 1,005 | 0 | 1,005 | 0 |
| SUPPLIES | 3,624 | 183 | 1,646 | 1,978 |
| EQUIPMENT MAINTENANCE | 3,880 | 196 | 1,763 | 2,117 |
| POSTAGE | 1,660 | 84 | 754 | 906 |
| MINISTRY EXPENSES | 20,284 | 0 | 0 | 20,284 |
| TELEPHONE (ADMIN) | 3,002 | 152 | 1,364 | 1,638 |
| INSURANCE (ADMIN) | 1,186 | 60 | 539 | 647 |
| CAM MAINTENANCE | 5,499 | 278 | 2,498 | 3,001 |
| MISCELLANEOUS | 2,393 | 2,034 | 2,034 | 359 |
| INTERNET | 13,547 | 684 | 6,154 | 7,393 |
| WORKERS COMPENSATION | 3,976 | 201 | 1,806 | 2,170 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INCOME FROM NONDEBT FINANCED REALESTATE K-1 | 91,756 | 91,756 | 91,756 |
| CAPITAL GAIN FROM NONDEBT FINANCED REALESTATE K-1 | 6,994,977 | 6,994,977 | 6,994,977 |
| OTHER REVENUE | 5,400 | 5,400 |
| Description | Amount |
|---|---|
| UNREALIZED MARKET ADJUSTMENT ON BOOKS | 9,598 |
| DISTRIBUTION FROM COLLEGE HILL LLC ON BOOKS NOT 990-PF | 1,470,953 |
| K-1 CHARITABLE DEDUCTION REPORTED ON 990-PF, NOT BOOKS | 2,803 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| TAXES PAYABLE | 1,500 | 95,000 |
| RENTAL DEPOSIT | 0 | 917 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ASSET ADVISORY FEES | 267 | 267 | 267 | 0 |
| CONSULTING | 0 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 102,707 | 102,707 | 102,707 | 0 |
| PAYROLL | 16,088 | 812 | 7,309 | 8,779 |