| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting Fees | 3,567 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Buliding | 2021-11-01 | 369,469 | StraightLine | 2750.0000000000 % |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Building | 348,319 | 1,681 | 346,638 | 350,000 |
| Land | 39,538 | 39,538 | 40,000 |
| Item No. | 1 |
|---|---|
| Lender's Name | Hakeem Adebayo |
| Lender's Title | President |
| Original Amount of Loan | 38588 |
| Balance Due | 38588 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 1 |
|---|---|
| Lender's Name | NJHMFA |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 352,561 |
| Balance Due | 352,561 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Security Deposits | 3,660 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Bank Charges | 336 | |||
| Business Licenses Permits | 1,106 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Property Taxes | 796 |