| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting Fees | 47,975 | 23,988 | 0 | 23,987 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| General Explanation Supplemental Information for Form 990-PF | Treas. Reg. 301.6652-2(f) Reasonable Cause Statement Attached for Late FilingReturn was timely filed by paper due to e-file diagnostics preventing efile as well as other electronic issues. IRS has rejected the paper file return, but has stamped it as received. See attached letter with exhibits for more detail and time-line. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Corporate Bonds - Fidelity 2515 | 2,523,698 | 2,523,698 |
| Corporate Bonds - Fidelity 3281 | 84,131 | 84,131 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Interactive Brokers - U518854 | 565,609 | 565,609 |
| Corporate Stocks - Fidelity 3281 | 302,757 | 302,757 |
| Corporate Stock- Fidelity 2515 | 3,077,218 | 3,077,218 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Altair US Farming Realty (Fidelity 3281) | AT COST | 32,224 | 245,749 |
| Canyon Distressed Opportunity FD | AT COST | ||
| Altair Global Credit Opport (Fidel 3281) | AT COST | 574,218 | 702,121 |
| Eastside Century Partners | AT COST | 1,262,482 | 1,262,482 |
| Altair GOF III LLC Class B (Fidelit 3281 | AT COST | 566,621 | 67,274 |
| Altair Direct Lend LP Cl B (Fid 3281) | AT COST | 74,807 | 54,546 |
| WC16 LLC | AT COST | 783,222 | 776,321 |
| Fortress Real Estate Opportunities II | AT COST | 122,704 | 122,704 |
| Prime Finance Short Duration VI LP | AT COST | 202,852 | 202,852 |
| Fortress Real Estate Opportunities III | AT COST | 351,469 | 351,469 |
| Envoy Technologies, Inc | AT COST | 100,000 | 100,000 |
| Waivecar, Inc. | AT COST | 125,000 | 125,000 |
| Glean Tech Fund II LP | AT COST | 657,416 | 657,416 |
| Fountains Inv LLC | AT COST | 169,176 | 169,176 |
| Glean Tech II LLC- Series A-TT | AT COST | 99,768 | 99,768 |
| IEQ Capital Access Fund- Fort Credit Opp | AT COST | 147,297 | 144,852 |
| SS Tenth Investors LLC | AT COST | 203,760 | 203,760 |
| InSpira | AT COST | 200,000 | 200,000 |
| Item No. | 1 |
|---|---|
| Lender's Name | Michael Kest |
| Lender's Title | Officer |
| Original Amount of Loan | 2895856 |
| Balance Due | 2949856 |
| Date of Note | 2017-01 |
| Maturity Date | |
| Repayment Terms | Revolving Loan |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | To Fund JF Realty Receivable |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Computer & Internet | 2,644 | 1,322 | 1,322 | |
| Insurance | 1,777 | 889 | 888 | |
| Office Expense | 16,722 | 8,361 | 8,361 | |
| Other Investment Expense | 43,496 | 43,496 | ||
| Payroll Processing Fees | 1,584 | 792 | 792 | |
| Postage | 240 | 120 | 120 | |
| Section 105 MERP | 78,178 | 39,089 | 39,089 | |
| Supplies | 6,927 | 3,464 | 3,463 | |
| Telephone | 2,714 | 1,357 | 1,357 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Altair Direct Lending Fun | -240 | -240 | |
| Altair Global Credit Opp | 42,121 | 42,127 | |
| Altair Global Credit Opp | 52,494 | 52,494 | |
| Altair GOF III LLC | 47,258 | 47,259 | |
| Alter Direct Lending Fund LLC | 346 | 346 | |
| Canyon Distressed Opportunity | 3,779 | 3,786 | |
| Eastside Century Partners LLC | -120,422 | -120,422 | |
| Fortress Real Estate III | 14,960 | 14,960 | |
| Fortress Real Estate III | 7,741 | 7,741 | |
| Fortress Real Estate Oppo II | 2,329 | 2,329 | |
| Fountains Inv LLC | -127,126 | -127,126 | |
| Glean Tech Fund II LP | -7,934 | -7,934 | |
| IEQ Capital Access Fund | 1,367 | 1,367 | |
| IEQ Capital Access Fund | 8,194 | 8,194 | |
| Prime Finance Short Durat | 36,020 | 36,020 | |
| SS Tenth Investors LLC | -26,248 | -26,248 | |
| U.S. Farming Realty Fund | -11,211 | -11,136 | |
| U.S. Farming Realty Fund | -2,694 | -2,694 | |
| US Farming Realty Fund | -87,656 | -87,656 | |
| WC16 LLC | -21,349 | -21,349 |
| Name of 501(c)(3) Organization | Balance Due |
|---|---|
|
Various Small Receivables |
90,386 |
|
JF Realty |
6,587,179 |
|
Donington |
|
|
MSK Malone Prime Beverage |
700,000 |
|
1811 Bel Air Rd |
350,000 |
|
Regah Ventures Pipe2 LLC |
250,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2016 State Refund | 11,925 | |||
| Other Taxes | 2,217 | 2,217 | ||
| Payroll Taxes | 17,594 | 8,797 | 8,797 |