| 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 |
|---|---|---|---|---|---|---|---|---|
| 2016 ORG COSTS | 2016-01-02 | 55,250 | 18,385 | 15.0000 | 3,683 | 22,068 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2016 BUILDING - 2701 FREEDOM DR | 2016-03-22 | 2,700,000 | 331,731 | S/L | 39.0000 | 69,231 | 69,231 | ||
| 2016 LAND - 2701 FREEDOM DR | 2016-03-22 | 1,505,000 | |||||||
| 2016 BUILDING-UPFIT 2701 FREEDOM DR | 2016-05-01 | 979,169 | 116,119 | S/L | 39.0000 | 25,107 | 25,107 | ||
| 2017 EQUIPMENT-2701 FREEDOM DR | 2017-07-01 | 163,932 | 47,413 | 150DB | 15.0000 | 11,652 | 11,652 | ||
| 2017 BUILDING UPFIT-2701 FREEDOM DR | 2017-12-31 | 6,117,847 | 477,140 | S/L | 39.0000 | 156,867 | 156,867 | ||
| 2017 FURNITURE & FIX-2701 FREEDOM DR | 2017-12-31 | 658,729 | 427,241 | 200DB | 7.0000 | 66,139 | 66,139 | ||
| 2018-FF&E 2701 FREEDOM DR | 2018-09-18 | 50,267 | 25,582 | 7.0000 | 8,528 | 8,528 | |||
| BUILDING UPFIT-2701 FREEDOM DR | 2019-12-31 | 105,163 | 2,809 | S/L | 39.0000 | 2,696 | 2,696 | ||
| 2020 BUILDING UPFIT-ELEMSCH | 2020-07-20 | 1,475,177 | 15,760 | S/L | 39.0000 | 37,825 | 37,825 | ||
| 2021 FURNITURE - 2701 FREEDOM DR | 2021-02-02 | 230,024 | S/L | 7.0000 | 16,430 | 16,430 | |||
| 2018 BUILDING - 2225 FREEDOM DR | 2018-01-31 | 115,630 | 8,771 | S/L | 39.0000 | 2,965 | 2,366 | ||
| 2018 LAND PORTION OF 2225 FREEDOM DR | 2018-01-31 | 640,000 | |||||||
| 2018 BUILDING UPFIT-2225 FREEDOM DR | 2018-01-31 | 2,235,551 | 169,577 | S/L | 39.0000 | 57,322 | 45,744 | ||
| 2018 SIGNAGE - 2225 FREEDOM DR | 2018-12-31 | 7,569 | 7,569 | 150DB | 15.0000 | ||||
| 2018 BUILDIG UPFIT V2- 2225 FREEDOM DR | 2018-12-31 | 1,369,071 | 71,671 | S/L | 39.0000 | 35,105 | 28,015 | ||
| 2019 BUILDING UPFIT-2225 FREEDOM DR | 2019-04-30 | 5,408 | 237 | S/L | 39.0000 | 139 | 111 | ||
| 2019 2019 FURN FIXTURES-2225 FREEDOM DR | 2019-07-31 | 99,214 | 36,783 | 200DB | 7.0000 | 17,838 | 14,235 | ||
| 2020 COMPUTER EQP | 2020-09-17 | 2,085 | 156 | S/L | 5.0000 | 417 | 333 | ||
| 2021 FIRE SYS-2225 FREEDOM | 2021-08-02 | 173 | 200DB | 3.0000 | 58 | 46 | |||
| 2018 BUILDING - 5249 CENTRAL AVE | 2018-07-02 | 2,325,536 | 146,588 | S/L | 39.0000 | 59,629 | 59,629 | ||
| 2018 LAND FOR BUILDING 5249 CENTRAL AVE | 2018-07-02 | 580,000 | |||||||
| 2019 F&F- 5249 CENTRAL | 2019-12-31 | 62,030 | 17,723 | 200DB | 7.0000 | 12,659 | 12,659 | ||
| 2019 BLDG UPFIT- 5249 CENTRAL | 2019-12-31 | 1,240,139 | 63,597 | 200DB | 39.0000 | 60,335 | 60,335 | ||
| 2020 UPFIT-MOV SCH E | 2020-08-15 | 16,568,724 | 155,332 | S/L | 39.0000 | 414,218 | 414,218 | ||
| 2020-PLAYGROUND EQUIP MSE | 2020-07-30 | 6,998 | 262 | 150DB | 15.0000 | 674 | 674 | ||
| 2020 ELECTRONICS MMW | 2020-08-19 | 58,782 | 3,149 | S/L | 7.0000 | 8,397 | 8,397 | ||
| 2020 FURNITURE-MOV EAST | 2020-10-08 | 227,562 | 4,064 | S/L | 7.0000 | 32,508 | 32,508 | ||
| 2021 BLDG UPFIT-5249 CENTRAL AVE | 2021-10-04 | 2,043,394 | S/L | 39.0000 | 10,643 | 10,643 | |||
| 2021 PLAYGROUND EQUIP-5249 CNTRL MS | 2021-01-26 | 17,009 | S/L | 15.0000 | 567 | 567 | |||
| 2021 FURNITURE - 5249 CENTRAL - MOV MS | 2021-06-07 | 239,738 | S/L | 7.0000 | 17,124 | 17,124 | |||
| 2020 EXPANSION MIDDLE SCH | 2020-09-15 | 3,549,092 | 25,879 | S/L | 39.0000 | 88,727 | |||
| 2020 KITCHEN EQP-MOV MD W | 2020-08-05 | 332,393 | 39,571 | 200DB | 7.0000 | 83,663 | |||
| 2021 BLDG UPFIT-2647 FREEDOM DR | 2021-04-15 | 4,016,411 | S/L | 39.0000 | 71,124 | ||||
| 2021 FURNITURE - 2647 FREEDOM DR | 2021-08-05 | 234,027 | 200DB | 7.0000 | 33,432 | ||||
| 2021 LAND FOR BUILDING 150 IVERIFY DR | 2021-06-30 | 1,063,649 | |||||||
| 2021 BUILDING-150 IVERIFY DR | 2021-06-30 | 4,254,595 | S/L | 39.0000 | 59,092 | 20,363 | |||
| 2020 BLDG UPFIT-150 IVERIFY DR | 2021-10-18 | 582,809 | S/L | 39.0000 | 3,035 | 1,046 | |||
| 2021 BUILDING-INITIAL BEATTIES FORD RD | 2021-10-27 | 20,000 | S/L | 39.0000 | 107 | ||||
| 2018 LAND FOR 2609 FREEDOM DR | 2018-12-31 | 236,000 | |||||||
| 2018 BUILDING- 2609 FREEDOM DR | 2018-12-31 | 944,713 | 49,456 | S/L | 39.0000 | 24,224 | |||
| 2019 BLDG UPFIT- 5259 CENTRAL | 2019-01-31 | 3,200 | 307 | 200DB | 39.0000 | 148 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| NATIONAL FINANCIAL 6415 | PURCHASE | 6,500 | 4,988 | 1,512 | ||||||
| NATIONAL FINANCIAL 6414 | PURCHASE | 265,960 | 266,605 | -645 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| NOTE RECEIVABLE | AT COST | 1,250,000 | 1,250,000 |
| BOA SECURITIES | FMV | 184,759,287 | 184,759,287 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| TOTAL BUILDINGS & EQUIP | 53,097,411 | 3,755,180 | 49,342,231 | |
| LAND | 4,024,649 | 4,024,649 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL & PROF - MOV RSC | 23,531 | 23,531 | ||
| 5249 CENTRAL AVE-MOV SCH E | 19,641 | 19,641 | ||
| 150 IVERIFY DR-MOV SCH SW | 17,629 | 6,075 | 11,554 | |
| BEATIES FORD RD-MOV SCH N | 3,066 | 3,066 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| AR - TKC - CONTRACTOR | 487,949 | 561,097 | 561,097 |
| ACCRUED INTEREST AND DIVIDENDS | 1,349,647 | 1,349,647 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2701 FREEDOM DR.-MOV SCH | ||||
| TECHNOLOGY | 678 | 678 | ||
| INSURANCE | 15,693 | 15,693 | ||
| BANK FEES | 48 | 48 | ||
| OFFICE EXP | 1,947 | 1,947 | ||
| 2225 FREEDOM DR-WELLNESSCTR | ||||
| TECHNOLOGY | 13,169 | 10,509 | 2,660 | |
| INSURANCE | 8,365 | 6,675 | 1,690 | |
| 5249 CENTRAL AVE-MOV SCH E | ||||
| TECHNOLOGY | 247 | 247 | ||
| INSURANCE | 21,830 | 21,830 | ||
| OFFICE EXP | 280 | 280 | ||
| 2647 FREEDOM DR-MOV MDL W | ||||
| INSURANCE | 5,838 | 5,838 | ||
| OFFICE EXP | 722 | 722 | ||
| 150 IVERIFY DR-MOV SCH SW | ||||
| TECHNOLOGY | 8,000 | 2,757 | 5,243 | |
| INSURANCE | 12,497 | 4,306 | 8,191 | |
| BANK FEES | ||||
| EXPENSES | ||||
| TECHNOLOGY | 432 | 732 | ||
| BANK SERVICE CHARGES | 705 | 705 | ||
| OFFICE EXP & PRINTING | 68 | 68 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| 2701 FREEDOM DR.-MOV SCH | 811,327 | 811,327 | |
| 2225 FREEDOM DR-WELLNESSCTR | 205,003 | 205,003 | |
| 150 IVERIFY DR-MOV SCH SW | 35,826 | 35,826 | |
| K-1 INVESTMENT PORTFOLIO | -48,212 | -48,212 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| TENANT DEPOSITS | 34,925 | 34,925 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNT INVESTMENT FEES | 262,260 | 262,260 | ||
| 2701 FREEDOM DR.-MOV SCH | 54,547 | 54,547 | ||
| 2225 FREEDOM DR-WELLNESSCTR | 35,290 | 28,162 | 7,128 | |
| 5249 CENTRAL AVE-MOV SCH E | 33,497 | 33,497 | ||
| 2647 FREEDOM DR-MOV MDL W | 21,090 | 21,090 |
| Name | Address |
|---|---|
| NATIONAL CHRISTIAN FOUNDATION |
11625 RAINWATER DR STE 500 ALPHARETTA,GA30009 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REAL ESTATE TAXES | 171,781 | 171,781 |