| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 7,058 | 7,058 | 0 | |
| ACCOUNTING FEES | 1,261 | 0 | 0 | |
| ACCOUNTING FEES | 1,654 | 0 | 0 | |
| ACCOUNTING FEES | 1,157 | 0 | 0 | |
| ACCOUNTING FEES | 774 | 176 | 0 | |
| ACCOUNTING FEES | 2,100 | 0 | 0 | |
| ACCOUNTING FEES | 744 | 0 | 0 | |
| ACCOUNTING FEES | 701 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| LOAN ORIGINATION FEES | 2017-08-31 | 3,490 | 2,676 | 60.000000000000 | 58 | 0 | 2,734 | |
| LOAN ORIGINATION FEES | 2018-03-15 | 3,445 | 2,297 | 60.000000000000 | 57 | 0 | 2,354 | |
| LOAN ORIGINATION FEES REFI | 2017-07-03 | 6,494 | 5,196 | 60.000000000000 | 108 | 0 | 5,304 | |
| LOAN ORIGINATION FEES REFI | 2017-07-03 | 4,131 | 3,304 | 60.000000000000 | 69 | 16 | 3,373 | |
| LOAN ORIGINATION FEES | 2020-10-09 | 5,681 | 852 | 60.000000000000 | 1,136 | 0 | 1,988 | |
| LOAN ORIGINATION FEES | 2020-10-09 | 7,998 | 1,200 | 60.000000000000 | 1,600 | 0 | 2,800 | |
| LOAN ORIGINATION FEES | 2020-10-09 | 9,501 | 1,425 | 60.000000000000 | 1,900 | 0 | 3,325 | |
| LOAN ORIGINATION FEES REFI | 2021-07-30 | 26,642 | 60.000000000000 | 4,884 | 0 | 4,884 | ||
| LOAN ORIGINATION FEES | 2021-07-30 | 12,865 | 60.000000000000 | 2,359 | 536 | 2,359 | ||
| LOAN ORIGINATION FEES | 2021-07-30 | 14,362 | 60.000000000000 | 2,633 | 0 | 2,633 | ||
| LOAN ORIGINATION FEES | 2021-07-30 | 10,323 | 60.000000000000 | 1,893 | 0 | 1,893 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING | 2003-04-01 | 874,578 | 546,675 | SL | 30.000000000000 | 29,153 | 29,153 | ||
| BUILDING IMPROVEMENTS | 2007-09-01 | 57,094 | 27,288 | SL | 30.000000000000 | 1,903 | 1,903 | ||
| LAND | 2003-04-01 | 298,750 | L | 0 | 0 | ||||
| BUILDING | 2007-03-01 | 1,083,792 | 535,807 | SL | 30.000000000000 | 36,126 | 36,126 | ||
| LAND | 2007-03-01 | 103,770 | L | 0 | 0 | ||||
| BUILDING | 2008-04-01 | 935,081 | 429,366 | SL | 30.000000000000 | 31,169 | 31,169 | ||
| LAND | 2008-04-01 | 92,400 | L | 0 | 0 | ||||
| BUILDING | 2013-05-01 | 932,787 | 268,648 | SL | 30.000000000000 | 31,093 | 31,093 | ||
| LAND | 2013-05-01 | 297,000 | L | 0 | 0 | ||||
| IMPROVEMENTS | 2013-07-01 | 1,155 | 334 | SL | 27.500000000000 | 42 | 42 | ||
| IMPROVEMENTS | 2013-07-08 | 2,000 | 581 | SL | 27.500000000000 | 73 | 73 | ||
| IMPROVEMENTS | 2013-07-12 | 2,000 | 581 | SL | 27.500000000000 | 73 | 73 | ||
| IMPROVEMENTS | 2013-08-09 | 3,500 | 1,000 | SL | 27.500000000000 | 127 | 127 | ||
| IMPROVEMENTS - FURNACE | 2013-08-13 | 17,319 | 4,961 | SL | 27.500000000000 | 630 | 630 | ||
| IMPROVEMENTS - FURNACE & AC | 2013-08-22 | 7,945 | 2,276 | SL | 27.500000000000 | 289 | 289 | ||
| IMPROVEMENTS | 2013-08-23 | 2,611 | 748 | SL | 27.500000000000 | 95 | 95 | ||
| IMPROVEMENTS | 2013-08-23 | 1,435 | 410 | SL | 27.500000000000 | 52 | 52 | ||
| IMPROVEMENTS | 2013-08-23 | 1,223 | 347 | SL | 27.500000000000 | 44 | 44 | ||
| BUILDING IMPROVEMENTS-WINDOWS | 2013-11-29 | 2,400 | 664 | SL | 27.500000000000 | 87 | 87 | ||
| IMPROVEMENTS | 2015-03-23 | 5,667 | 1,296 | SL | 27.500000000000 | 206 | 206 | ||
| IMPROVEMENTS | 2014-09-19 | 6,661 | 1,644 | SL | 27.500000000000 | 242 | 242 | ||
| IMPROVEMENTS | 2015-06-18 | 18,750 | 4,121 | SL | 27.500000000000 | 682 | 682 | ||
| IMPROVEMENTS-WINDOWS | 2015-07-07 | 12,700 | 2,753 | SL | 27.500000000000 | 462 | 462 | ||
| IMPROVEMENTS | 2015-08-06 | 18,116 | 3,871 | SL | 27.500000000000 | 659 | 659 | ||
| BUILDING | 2015-09-02 | 4,861,181 | 1,023,718 | SL | 27.500000000000 | 176,753 | 176,753 | ||
| LAND | 2015-09-02 | 788,819 | L | 0 | 0 | ||||
| IMPROVEMENTS-ALLIED EXTERIORS | 2016-07-19 | 13,390 | 2,415 | SL | 27.500000000000 | 487 | 487 | ||
| BUILDING | 2017-08-31 | 1,728,300 | 243,518 | SL | 27.500000000000 | 62,841 | 62,841 | ||
| LAND | 2017-08-31 | 371,700 | L | 0 | 0 | ||||
| BUILDING | 2018-03-15 | 1,383,698 | 165,614 | SL | 27.500000000000 | 50,311 | 50,311 | ||
| LAND | 2018-03-15 | 341,302 | L | 0 | 0 | ||||
| BUILDING IMPROVEMENTS | 2017-09-18 | 29,623 | 4,084 | SL | 27.500000000000 | 1,077 | 1,077 | ||
| BUILDING IMPROVEMENTS | 2018-04-04 | 8,985 | 1,049 | SL | 27.500000000000 | 327 | 327 | ||
| BUILDING IMPROVEMENTS | 2018-04-12 | 4,555 | 533 | SL | 27.500000000000 | 166 | 166 | ||
| BUILDING IMPROVEMENTS | 2018-12-19 | 5,000 | 463 | SL | 27.500000000000 | 182 | 182 | ||
| BUILDING IMPROVEMENTS | 2018-12-21 | 3,000 | 277 | SL | 27.500000000000 | 109 | 109 | ||
| BUILDING IMPROVEMENTS | 2019-01-09 | 5,500 | 492 | SL | 27.500000000000 | 200 | 200 | ||
| BUILDING IMPROVEMENTS | 2018-12-18 | 3,798 | 351 | SL | 27.500000000000 | 138 | 138 | ||
| IMPROVEMENTS - NEW CARPET | 2021-07-08 | 8,399 | SL | 27.000000000000 | 311 | 311 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE BONDS | 198,822 | 198,822 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| PUBLICLY TRADED SECURITIES | 158,688 | 158,688 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| MALDEN APARTMENTS-BUILDING | 953,129 | 610,174 | 342,955 | 3,210,400 |
| MALDEN APARTMENTS-LAND | 298,750 | 0 | 298,750 | 800,200 |
| PEARL STREET APARTMENTS-BUILDING | 1,111,552 | 577,345 | 534,207 | 4,164,000 |
| PEARL STREET APARTMENTS-LAND | 103,770 | 0 | 103,770 | 621,000 |
| RACE STREET APARTMENTS-BUILDING | 971,947 | 469,868 | 502,079 | 2,750,900 |
| RACE STREET APARTMENTS-LAND | 92,400 | 0 | 92,400 | 468,900 |
| EVELYN'S COURT APARTMENTS-BUILDING | 971,975 | 312,404 | 659,571 | 1,662,900 |
| EVELYN'S COURT APARTMENTS-LAND | 297,000 | 0 | 297,000 | 418,100 |
| HUMBOLDT STREET APARTMENTS-BUILDING | 4,899,789 | 1,207,008 | 3,692,781 | 4,808,900 |
| HUMBOLDT STREET APARTMENTS-LAND | 788,819 | 0 | 788,819 | 746,300 |
| CONGRESS PARK APARTMENTS-BUILDING | 1,728,300 | 306,359 | 1,421,941 | 1,345,000 |
| CONGRESS PARK APARTMENTS-LAND | 371,700 | 0 | 371,700 | 446,000 |
| WOLF APARTMENTS-BUILDING | 1,405,550 | 218,836 | 1,186,714 | 1,016,800 |
| WOLF APARTMENTS-LAND | 341,302 | 0 | 341,302 | 442,900 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ESCROW | 76,093 | 72,949 | 72,949 |
| LOAN ORIGINATION FEES | 23,790 | 67,450 | 67,450 |
| DUE FROM OTHER AFFILIATES | 6,079 | 1,623 | 1,623 |
| DEPOSIT REFINANCE | 106,015 | ||
| RATE LOCK DEPOSIT | 49,461 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN/LOSS | 43,067 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE CHARGE | 1,272 | 1,272 | 0 | |
| MANAGEMENT FEES | 4,129 | 4,129 | 0 | |
| CARPET MAINTENANCE | 450 | 0 | 0 | |
| INSPECTION FEES | 332 | 0 | 0 | |
| INSURANCE | 9,786 | 0 | 0 | |
| LANDSCAPING | 275 | 0 | 0 | |
| LEASE UP FEES | 750 | 0 | 0 | |
| MANAGEMENT FEES | 24,617 | 0 | 0 | |
| MISCELLANEOUS | 918 | 0 | 0 | |
| REPAIR & MAINTENANCE | 42,870 | 0 | 0 | |
| SUPPLIES | 5,904 | 0 | 0 | |
| TELEPHONE | 779 | 0 | 0 | |
| TRASH REMOVAL | 2,777 | 0 | 0 | |
| UTILITIES | 20,372 | 0 | 0 | |
| ADVERTISING & MARKETING | 4,788 | 0 | 0 | |
| INSPECTION FEES | 108 | 0 | 0 | |
| INSURANCE | 12,208 | 0 | 0 | |
| LEASE UP FEES | 900 | 0 | 0 | |
| MANAGEMENT FEES | 26,629 | 0 | 0 | |
| PEST CONTROL | 240 | 0 | 0 | |
| REPAIR & MAINTENANCE | 37,617 | 0 | 0 | |
| TELEPHONE | 625 | 0 | 0 | |
| TRASH REMOVAL | 1,968 | 0 | 0 | |
| UTILITIES | 26,393 | 0 | 0 | |
| ADVERTISING & MARKETING | 2,412 | 0 | 0 | |
| INSPECTION FEES | 111 | 0 | 0 | |
| INSURANCE | 6,544 | 0 | 0 | |
| LEASE UP FEES | 350 | 0 | 0 | |
| MANAGEMENT FEES | 17,234 | 0 | 0 | |
| REPAIR & MAINTENANCE | 21,222 | 0 | 0 | |
| TELEPHONE | 781 | 0 | 0 | |
| TRASH REMOVAL | 1,952 | 0 | 0 | |
| UTILITIES | 11,621 | 0 | 0 | |
| ADVERTISING & MARKETING | 1,524 | 346 | 0 | |
| INSURANCE | 6,168 | 1,401 | 0 | |
| LEASE UP FEES | 250 | 57 | 0 | |
| MANAGEMENT FEES | 14,006 | 3,182 | 0 | |
| MISCELLANEOUS | 1,721 | 391 | 0 | |
| REPAIR & MAINTENANCE | 20,534 | 4,665 | 0 | |
| UTILITIES | 13,687 | 3,110 | 0 | |
| ADVERTISING & MARKETING | 5,808 | 0 | 0 | |
| APPLIANCE AND EQUIPMENT | 1,195 | 0 | 0 | |
| CARPET MAINTENANCE | 744 | 0 | 0 | |
| INSPECTION FEES | 246 | 0 | 0 | |
| INSURANCE | 12,116 | 0 | 0 | |
| LEASE UP FEES | 500 | 0 | 0 | |
| MANAGEMENT FEES | 31,816 | 0 | 0 | |
| MISCELLANEOUS | 500 | 0 | 0 | |
| REPAIR & MAINTENANCE | 33,831 | 0 | 0 | |
| TELEPHONE | 1,679 | 0 | 0 | |
| TRASH REMOVAL | 3,913 | 0 | 0 | |
| UTILITIES | 25,457 | 0 | 0 | |
| ADVERTISING & MARKETING | 2,124 | 0 | 0 | |
| INSURANCE | 13,560 | 0 | 0 | |
| LEASE UP FEES | 200 | 0 | 0 | |
| MANAGEMENT FEES | 11,696 | 0 | 0 | |
| MISCELLANEOUS | 1,717 | 0 | 0 | |
| REPAIR & MAINTENANCE | 22,156 | 0 | 0 | |
| TRASH REMOVAL | 1,213 | 0 | 0 | |
| UTILITIES | 10,725 | 0 | 0 | |
| ADVERTISING & MARKETING | 1,452 | 0 | 0 | |
| INSPECTION FEES | 60 | 0 | 0 | |
| INSURANCE | 6,486 | 0 | 0 | |
| LEASE UP FEES | 350 | 0 | 0 | |
| MANAGEMENT FEES | 10,831 | 0 | 0 | |
| MISCELLANEOUS | 1,052 | 0 | 0 | |
| REPAIR & MAINTENANCE | 13,873 | 0 | 0 | |
| UTILITIES | 9,207 | 0 | 0 | |
| AMORTIZATION | 16,697 | 552 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| LAUNDRY INCOME | 10,998 | 0 | 10,998 |
| MISCELLANEOUS | 100 | 0 | 100 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| SECURITY DEPOSITS | 158,207 | 170,774 |
| PROPERTY TAX LIABILITY | 902 | 1,073 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| UNRELATED BUSINESS INCOME TAX | 38,271 | 38,271 | 0 | |
| REAL ESTATE TAXES | 21,397 | 0 | 0 | |
| REAL ESTATE TAXES | 25,529 | 0 | 0 | |
| REAL ESTATE TAXES | 17,179 | 0 | 0 | |
| REAL ESTATE TAXES | 11,102 | 2,522 | 0 | |
| REAL ESTATE TAXES | 29,638 | 0 | 0 | |
| REAL ESTATE TAXES | 9,556 | 0 | 0 | |
| REAL ESTATE TAXES | 7,788 | 0 | 0 |