| 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 FEES | 2017-06-01 | 2,560 | 1,555 | 5.0000 | 1,005 | 1,005 | 1,005 | 2,560 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 1103 S CRISP | 2015-05-01 | 79,712 | 14,856 | S/L | 27.5000 | 1,450 | 1,450 | 1,450 | |
| 11112 E 15TH ST | 2015-05-01 | 29,285 | 5,458 | S/L | 27.5000 | 1,065 | 1,065 | 1,065 | |
| 11135 E 9TH ST | 2015-05-01 | 43,198 | 8,051 | S/L | 27.5000 | 785 | 785 | 785 | |
| 11201 E 9TH ST | 2015-05-01 | 6,589 | 1,229 | S/L | 27.5000 | 120 | 120 | 120 | |
| 1201 S WILLOW | 2015-05-01 | 25,697 | 4,788 | S/L | 27.5000 | 467 | 467 | 467 | |
| 1203 S WILLOW | 2015-05-01 | 5,857 | 1,092 | S/L | 27.5000 | 106 | 106 | 106 | |
| 13008E 4TH TERR | 2015-05-01 | 61,571 | 11,475 | S/L | 27.5000 | 2,239 | 2,239 | 2,239 | |
| 1429 S NORTHERN BLVD | 2015-05-01 | 34,925 | 6,509 | S/L | 27.5000 | 635 | 635 | 635 | |
| 1434 S STERLING | 2015-05-01 | 9,518 | 1,773 | S/L | 27.5000 | 346 | 346 | 346 | |
| 18807 E 18TH ST N | 2015-05-01 | 114,935 | 21,419 | S/L | 27.5000 | 2,090 | 2,090 | 2,090 | |
| 18812 E 18TH ST N | 2015-05-01 | 117,586 | 21,914 | S/L | 27.5000 | 2,138 | 2,138 | 2,138 | |
| 18905 E 18TH ST N | 2015-05-01 | 108,846 | 20,285 | S/L | 27.5000 | 1,979 | 1,979 | 1,979 | |
| 19103 E 18TH ST N | 2015-05-01 | 77,122 | 14,372 | S/L | 27.5000 | 1,402 | 1,402 | 1,402 | |
| 19107 E 18TH ST N | 2015-05-01 | 82,301 | 15,339 | S/L | 27.5000 | 1,496 | 1,496 | 1,496 | |
| 2004 S OVERTON | 2015-05-01 | 23,361 | 4,353 | S/L | 27.5000 | 425 | 425 | 425 | |
| 3112 S CLAREMONT | 2015-05-01 | 40,267 | 7,504 | S/L | 27.5000 | 732 | 732 | 732 | |
| 3407 S STERLING AVE | 2015-05-01 | 38,876 | 7,246 | S/L | 27.5000 | 707 | 707 | 707 | |
| 3623 POPLAR AVENUE | 2015-05-01 | 47,345 | 8,824 | S/L | 27.5000 | 861 | 861 | 861 | |
| HARDY HEIGHTS LOT 122 | 2015-05-01 | 805 | 150 | S/L | 27.5000 | 14 | 14 | 14 | |
| 13004 E 40TH TERRACE | 2015-05-01 | 68,080 | 17,603 | S/L | 27.5000 | 1,238 | 1,238 | 1,238 | |
| 14420 STEARNS ST | 2017-06-09 | 341,665 | 37,790 | S/L | 27.5000 | 12,425 | 12,425 | 12,425 | |
| 1103 S CRISP | 2015-05-01 | 12,120 | |||||||
| 1106 S CRISP | 2015-05-01 | 7,400 | |||||||
| 11112 E 15TH ST | 2015-05-01 | 8,000 | |||||||
| 11135 E 9TH ST | 2015-05-01 | 11,801 | |||||||
| 11201 E 9TH ST | 2015-05-01 | 1,800 | |||||||
| 1201 S WILLOW | 2015-05-01 | 7,020 | |||||||
| 1203 S WILLOW | 2015-05-01 | 1,600 | |||||||
| 128 N WILLOW | 2015-05-01 | 4,953 | |||||||
| 13008 E 4TH TERRACE | 2015-05-01 | 16,820 | |||||||
| 1429 S NORTHERN BLVD | 2015-05-01 | 9,541 | |||||||
| 1434 S STERLING | 2015-05-01 | 2,600 | |||||||
| 18807 S 18TH ST N | 2015-05-01 | 20,460 | |||||||
| 18812 E 18TH ST N | 2015-05-01 | 17,400 | |||||||
| 18905 E 18TH ST N | 2015-05-01 | 18,840 | |||||||
| 19103 E 18TH ST N | 2015-05-01 | 13,934 | |||||||
| 19107 E 18TH ST N | 2015-05-01 | 21,176 | |||||||
| 2004 S OVERTON | 2015-05-01 | 7,113 | |||||||
| 2150 S STERLING AVE | 2015-05-01 | 12,180 | |||||||
| 3112 S CLAREMONT | 2015-05-01 | 11,000 | |||||||
| 3407 S STERLING AVE | 2015-05-01 | 10,620 | |||||||
| 3623 POPLAR AVE | 2015-05-01 | 12,933 | |||||||
| HARDY HEIGHTS LOT 122 | 2015-05-01 | 220 | |||||||
| 13004 E. 40TH TERR | 2015-05-01 | 16,820 | |||||||
| 14420 STEARNS ST | 2017-06-09 | 50,000 | |||||||
| 1106 S CRISP | 2015-05-01 | 27,088 | 6,690 | S/L | 15.0000 | 903 | 903 | 903 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| 1103 S CRISP | 2015-05 | PURCHASE | 2021-01 | 56,891 | 79,712 | 343 | -6,858 | 16,306 | ||
| 1106 S CRISP | 2015-05 | PURCHASE | 2021-01 | 18,518 | 27,088 | 129 | -1,106 | 7,593 | ||
| 11135 E 9TH ST | 2015-05 | PURCHASE | 2021-01 | 29,530 | 43,198 | 205 | -5,037 | 8,836 | ||
| 11201 E 9TH ST | 2015-05 | PURCHASE | 2021-01 | 4,504 | 6,589 | 31 | -767 | 1,349 | ||
| 1201 S WILLOW | 2015-05 | PURCHASE | 2021-01 | 17,567 | 25,697 | 122 | -2,997 | 5,255 | ||
| 1203 S WILLOW | 2015-05 | PURCHASE | 2021-01 | 4,004 | 5,857 | 28 | -683 | 1,198 | ||
| 1429 S NORTHERN BLVD | 2015-05 | PURCHASE | 2021-01 | 21,990 | 34,925 | -5,791 | 7,144 | |||
| 18807 E 18TH ST N | 2015-05 | PURCHASE | 2021-01 | 81,288 | 114,935 | 505 | -10,643 | 23,509 | ||
| 18812 E 18TH ST N | 2015-05 | PURCHASE | 2021-01 | 84,041 | 117,586 | 504 | -9,997 | 24,052 | ||
| 18905 E 18TH ST N | 2015-05 | PURCHASE | 2021-01 | 77,115 | 108,846 | 476 | -9,943 | 22,264 | ||
| 19103 E 18TH ST N | 2015-05 | PURCHASE | 2021-01 | 54,494 | 77,122 | 340 | -7,194 | 15,774 | ||
| 19107 E 18TH ST N | 2015-05 | PURCHASE | 2021-01 | 56,586 | 82,301 | 386 | -9,266 | 16,835 | ||
| 2004 S OVERTON | 2015-05 | PURCHASE | 2021-01 | 15,788 | 23,361 | 114 | -2,909 | 4,778 | ||
| 3112 S CLAREMONT | 2015-05 | PURCHASE | 2021-01 | 27,527 | 40,267 | 191 | -4,695 | 8,236 | ||
| 3407 S STERLING AVE | 2015-05 | PURCHASE | 2021-01 | 26,576 | 38,876 | 185 | -4,532 | 7,953 | ||
| 3623 POPLAR AVENUE | 2015-05 | PURCHASE | 2021-01 | 32,366 | 47,345 | 225 | -5,519 | 9,685 | ||
| HARDY HEIGHTS LOT 122 | 2015-05 | PURCHASE | 2021-01 | 550 | 805 | 4 | -95 | 164 | ||
| 13004 E 40TH TERRACE | 2015-05 | PURCHASE | 2021-01 | 46,982 | 68,080 | 317 | -2,574 | 18,841 | ||
| 1103 S CRISP | 2015-05 | PURCHASE | 2021-01 | 12,120 | 12,120 | |||||
| 1106 S CRISP | 2015-05 | PURCHASE | 2021-01 | 7,400 | 7,400 | |||||
| 11135 E 9TH ST | 2015-05 | PURCHASE | 2021-01 | 11,801 | 11,801 | |||||
| 11201 E 9TH ST | 2015-05 | PURCHASE | 2021-01 | 1,800 | 1,800 | |||||
| 1201 S WILLOW | 2015-05 | PURCHASE | 2021-01 | 7,020 | 7,020 | |||||
| 1203 S WILLOW | 2015-05 | PURCHASE | 2021-01 | 1,600 | 1,600 | |||||
| 1429 S NORTHERN BLVD | 2015-05 | PURCHASE | 2021-01 | 11,426 | 9,541 | 166 | 1,719 | |||
| 18807 S 18TH ST N | 2015-05 | PURCHASE | 2021-01 | 20,460 | 20,460 | |||||
| 18812 E 18TH ST N | 2015-05 | PURCHASE | 2021-01 | 17,400 | 17,400 | |||||
| 18905 E 18TH ST N | 2015-05 | PURCHASE | 2021-01 | 18,840 | 18,840 | |||||
| 19103 E 18TH ST N | 2015-05 | PURCHASE | 2021-01 | 13,934 | 13,934 | |||||
| 19107 E 18TH ST N | 2015-05 | PURCHASE | 2021-01 | 21,176 | 21,176 | |||||
| 2004 S OVERTON | 2015-05 | PURCHASE | 2021-01 | 7,113 | 7,113 | |||||
| 3112 S CLAREMONT | 2015-05 | PURCHASE | 2021-01 | 11,000 | 11,000 | |||||
| 3407 S STERLING AVE | 2015-05 | PURCHASE | 2021-01 | 10,620 | 10,620 | |||||
| 3623 POPLAR AVE | 2015-05 | PURCHASE | 2021-01 | 12,933 | 12,933 | |||||
| HARDY HEIGHTS LOT 122 | 2015-05 | PURCHASE | 2021-01 | 220 | 220 | |||||
| 13004 E. 40TH TERR | 2015-05 | PURCHASE | 2021-01 | 16,820 | 16,820 | |||||
| LOAN FEES | 2017-06 | PURCHASE | 2020-12 | 2,560 | 2,560 | |||||
| CHARLES SCHWAB ACCOUNT 3248-9639 | PURCHASE | 675,621 | 574,404 | 101,217 | ||||||
| CHARLES SCHWAB ACCOUNT 7002-8161 | PURCHASE | 63,705 | 60,215 | 3,490 | ||||||
| CHARLES SCHWAB ACCOUNT 1892-4530 | PURCHASE | 1,038 | 9,157 | -8,119 | ||||||
| CHARLES SCHWAB ACCOUNT 1552-4723 | PURCHASE | 86,151 | 67,471 | 18,680 | ||||||
| LONG-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY | 1,006 | 1,006 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CHARLES SCHWAG 8161 | ||
| WATERFRONT BONDS 7935-7313 | 394,207 | 349,213 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CHARLES SCHWAB 4723 | ||
| CHARLES SCHWAB 4530 | ||
| CHARLES SCHWAB 9639 | 680,183 | 795,617 |
| WATERFRONT 7935-7313 | 1,829,804 | 2,121,646 |
| WATERFRONT 7861-8098 | 498,703 | 509,232 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENTS - FMV ADJUSTENT | 2,568 | ||
| NON. OPER. INEST. LOSS FARRELL GAS | |||
| INVESTMENTS - SUBURBAN PROPANE | |||
| INVSTMENTS - NRP | |||
| INVESTMETS - ENERGY TRANSFER LP | 3,959 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| RENTAL PROPERTY BUILDING | 442,039 | 72,570 | 369,469 | 442,039 |
| LAND | 94,553 | 94,553 | 94,553 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| RENTAL | 95,154 | 95,154 | 95,154 |
| Item No. | 1 |
|---|---|
| Lender's Name | CORNERSTONE BANK |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | |
| Balance Due | |
| Date of Note | |
| Maturity Date | 2022-06 |
| Repayment Terms | |
| Interest Rate | 0.0500 |
| 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 |
|---|---|---|---|
| LOAN FEES | 1,005 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| RENTAL | ||||
| CONTRACT LABOR | 1,275 | 1,275 | 1,275 | |
| INSURANCE | 728 | 728 | 728 | |
| REPAIR AND MAINTENANCE | 74,175 | 74,175 | 74,175 | |
| BANK FEES | 163 | 163 | 163 | |
| OFFICE EXPENSES | 1,100 | 1,100 | 1,100 | |
| UTILITIES | 6,156 | 6,156 | 6,156 | |
| FEES AND CHARGES | 13,432 | 13,432 | 13,432 | |
| MISCELLAENOUS | 2,746 | 2,746 | 2,746 | |
| EXPENSES | ||||
| SCHEDULE K-1 EXPENSES | 1,639 | |||
| SUPPLIES | 893 | |||
| ORDINARY K1 LOSS | 453 | |||
| ADMINISTRATION EXPENSE | ||||
| DEPLETION | ||||
| MISCELLAENOUS | 291 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROYALTY INCOME | 693 | 693 | 693 |
| K1 -OTHER RENTAL INCOME | 470 | 470 | 470 |
| OTHER | 8 | 8 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| SECURITY DEPOSITS | 950 | |
| NON. LOSS. ON INVEST. FARREL GAS | 11,767 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGH TAX PAID | ||||
| ROYALTY SEVRENCE TAX | ||||
| RENTAL | 29,447 | 29,447 | 29,447 |