| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BOOKKEEPING | 4,034 | 4,034 | 4,034 | |
| TAX PREP FEES | 3,600 | 3,600 | ||
| PAYROLL RETURNS | 4,034 | 4,034 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| AUTO | 1993-04-15 | 12,586 | 12,586 | S/L | 5.0000 | ||||
| 23 LAUNDRY | 1992-02-14 | 3,473 | 3,473 | S/L | 20.0000 | ||||
| TRACT SHED | 1991-09-01 | 10,000 | 9,512 | S/L | 31.5000 | 318 | 318 | 318 | |
| REC BUILDING | 1993-02-28 | 36,936 | 33,471 | S/L | 31.5000 | 1,173 | 1,173 | 1,173 | |
| 23 ARCHDALE PORCH | 1993-08-31 | 8,586 | 8,586 | S/L | 20.0000 | ||||
| 29 ARCHDALE RENOVATIONS | 1993-08-31 | 201,757 | 201,757 | S/L | 20.0000 | ||||
| LAND LAUREL HILL | 1986-02-28 | 2,396,445 | |||||||
| LAND 21 ARCHDALE | 1986-02-28 | 43,500 | |||||||
| LAND 23 ARCHDALE | 1986-02-28 | 57,000 | |||||||
| LAND 25 ARCHDALE | 1986-02-28 | 12,000 | |||||||
| LAND 27 ARCHDALE | 1986-02-28 | 37,500 | |||||||
| LAND 29 ARCHDALE | 1986-02-28 | 18,750 | |||||||
| LAND 5 WEST STREET | 1986-02-28 | 30,400 | |||||||
| 21 ARCHDALE | 1986-02-28 | 74,596 | 74,596 | S/L | 20.0000 | ||||
| 23 ARCHDALE | 1986-02-28 | 54,957 | 54,957 | S/L | 20.0000 | ||||
| 25 ARCHDALE | 1986-02-28 | 15,263 | 15,263 | S/L | 20.0000 | ||||
| 27 ARCHDALE | 1986-02-28 | 98,127 | 98,127 | S/L | 20.0000 | ||||
| 29 ARCHDALE | 1986-02-28 | 19,968 | 19,968 | S/L | 20.0000 | ||||
| POWER TOOLS | 1989-03-01 | 397 | 397 | S/L | 5.0000 | ||||
| BILLYGOAT | 1991-09-01 | 954 | 954 | S/L | 5.0000 | ||||
| LADDER | 1991-12-15 | 1,000 | 1,000 | S/L | 5.0000 | ||||
| WELL PUMP GEN USE | 1992-06-15 | 225 | 225 | S/L | 5.0000 | ||||
| COMPRESSOR 21-31 | 1995-05-15 | 335 | 335 | S/L | 5.0000 | ||||
| SPRAY PRESS POT | 1999-02-15 | 304 | 304 | S/L | 5.0000 | ||||
| PRESSER WASH | 1996-10-15 | 1,516 | 1,516 | S/L | 5.0000 | ||||
| TABLE SAW | 1996-10-15 | 686 | 686 | S/L | 5.0000 | ||||
| ANSWERING MACHINE | 1997-09-15 | 466 | 466 | S/L | 5.0000 | ||||
| SANDER | 1997-11-15 | 246 | 246 | S/L | 5.0000 | ||||
| AIR STAPLER | 1998-06-15 | 199 | 199 | S/L | 5.0000 | ||||
| SIGNS | 1998-04-15 | 553 | 553 | S/L | 5.0000 | ||||
| WATER HEATER | 1991-11-15 | 229 | 229 | S/L | 5.0000 | ||||
| FENCE | 1994-12-15 | 489 | 489 | S/L | 5.0000 | ||||
| BUSH HOG | 1998-11-15 | 1,624 | 1,624 | S/L | 5.0000 | ||||
| REFRIG | 1989-05-15 | 430 | 430 | S/L | 5.0000 | ||||
| REFRIG | 1990-06-15 | 420 | 420 | S/L | 5.0000 | ||||
| A/C | 1990-06-15 | 493 | 493 | S/L | 5.0000 | ||||
| A/C | 1990-07-15 | 471 | 471 | S/L | 5.0000 | ||||
| REFRIG | 1990-05-15 | 441 | 441 | S/L | 5.0000 | ||||
| A/C | 1991-08-15 | 513 | 513 | S/L | 5.0000 | ||||
| A/C | 1991-08-15 | 513 | 513 | S/L | 5.0000 | ||||
| STOVE | 1991-08-15 | 309 | 309 | S/L | 5.0000 | ||||
| 2 A/C | 1992-05-15 | 1,349 | 1,349 | S/L | 5.0000 | ||||
| DEHUMIDIF | 1992-08-15 | 339 | 339 | S/L | 5.0000 | ||||
| WATER HEATER | 1993-08-15 | 332 | 332 | S/L | 5.0000 | ||||
| SEARS A/C | 1994-06-15 | 620 | 620 | S/L | 5.0000 | ||||
| SEARS REFRIG | 1994-06-15 | 1,050 | 1,050 | S/L | 5.0000 | ||||
| SEARS STOVE | 1994-06-15 | 259 | 259 | S/L | 5.0000 | ||||
| WATER HEATER | 1994-07-15 | 195 | 195 | S/L | 5.0000 | ||||
| A/C | 1994-09-15 | 575 | 575 | S/L | 5.0000 | ||||
| A/C | 1995-06-15 | 465 | 465 | S/L | 5.0000 | ||||
| 2 A/C UNITS | 1996-05-15 | 1,084 | 1,084 | S/L | 5.0000 | ||||
| GAS LOGS | 1997-11-15 | 350 | 350 | S/L | 5.0000 | ||||
| A/C UNIT | 1999-06-15 | 490 | 490 | S/L | 5.0000 | ||||
| REFRIG | 1990-05-15 | 441 | 441 | S/L | 5.0000 | ||||
| REFRIG | 1990-11-15 | 448 | 448 | S/L | 5.0000 | ||||
| 2 WASHER / 2 DRYER | 1992-03-15 | 2,650 | 2,650 | S/L | 5.0000 | ||||
| WATER HEATER | 1992-01-15 | 273 | 273 | S/L | 5.0000 | ||||
| A/C | 1993-07-15 | 530 | 530 | S/L | 5.0000 | ||||
| A/C | 1993-05-15 | 451 | 451 | S/L | 5.0000 | ||||
| A/C UNIT | 1995-04-15 | 572 | 572 | S/L | 5.0000 | ||||
| A/C UNIT | 1998-07-15 | 455 | 455 | S/L | 5.0000 | ||||
| A/C UNIT | 1999-05-15 | 582 | 582 | S/L | 5.0000 | ||||
| 2 A/C UNITS | 1999-08-15 | 1,147 | 1,147 | S/L | 5.0000 | ||||
| HEAT / COOL SYSTEM | 1996-08-15 | 3,650 | 3,650 | S/L | 5.0000 | ||||
| A/C | 1991-03-15 | 523 | 523 | S/L | 5.0000 | ||||
| WATER HEATER | 1993-04-15 | 201 | 201 | S/L | 5.0000 | ||||
| A/C | 1993-09-15 | 453 | 453 | S/L | 5.0000 | ||||
| SEARS A/C | 1994-08-15 | 565 | 565 | S/L | 5.0000 | ||||
| A/C | 1995-04-15 | 573 | 573 | S/L | 5.0000 | ||||
| A/C | 1996-05-15 | 542 | 542 | S/L | 5.0000 | ||||
| HVAC COIL UNIT | 1996-11-15 | 1,475 | 1,475 | S/L | 5.0000 | ||||
| A/C | 1997-06-15 | 608 | 608 | S/L | 5.0000 | ||||
| STOVE | 1997-07-15 | 296 | 296 | S/L | 5.0000 | ||||
| STOVE | 1998-05-15 | 293 | 293 | S/L | 5.0000 | ||||
| A/C UNIT | 1998-07-15 | 598 | 598 | S/L | 5.0000 | ||||
| REFRIG | 1998-08-15 | 454 | 454 | S/L | 5.0000 | ||||
| A/C | 1999-04-15 | 490 | 490 | S/L | 5.0000 | ||||
| APPLIANCE | 2000-08-09 | 692 | 692 | S/L | 5.0000 | ||||
| 21 A/C | 2000-08-01 | 422 | 422 | S/L | 5.0000 | ||||
| REFRIG | 2001-01-20 | 568 | 568 | S/L | 5.0000 | ||||
| HOT WATER HEATER - REAR CABINET | 2001-08-28 | 494 | 494 | S/L | 5.0000 | ||||
| VINYL FLOORING - 21 ARCHDALE | 2002-08-19 | 917 | 917 | S/L | 5.0000 | ||||
| VINYL FLOORING - 27 ARCHDALE | 2002-08-19 | 1,835 | 1,835 | S/L | 5.0000 | ||||
| WASHER AND DRYER | 2003-03-11 | 1,408 | 1,408 | S/L | 5.0000 | ||||
| REFRIGERATOR | 2003-04-01 | 740 | 740 | S/L | 5.0000 | ||||
| SEARS A/C | 1994-08-15 | 620 | 620 | S/L | 5.0000 | ||||
| WATER HEATER | 1995-05-15 | 276 | 276 | S/L | 5.0000 | ||||
| HVAC AIR HANDLER | 2003-11-18 | 1,675 | 1,675 | S/L | 5.0000 | ||||
| WASHER AND DRYER | 2003-10-01 | 2,502 | 2,502 | S/L | 5.0000 | ||||
| JOHN DEERE TRACTOR | 2004-06-15 | 9,500 | 9,500 | S/L | 5.0000 | ||||
| ROOF | 2005-05-25 | 2,525 | 1,515 | S/L | 20.0000 | 92 | 92 | 92 | |
| 23 ARCHDALE PORCH | 2004-12-03 | 791 | 475 | S/L | 20.0000 | 28 | 28 | 28 | |
| ROOF | 2005-06-22 | 3,610 | 2,166 | S/L | 20.0000 | 131 | 131 | 131 | |
| ROOF | 2005-05-25 | 1,575 | 945 | S/L | 20.0000 | 57 | 57 | 57 | |
| VINYL FLOORING - 23 ARCHDALE | 2006-02-10 | 1,506 | 1,506 | 200DB | 5.0000 | ||||
| VINYL FLOORING - 21D ARCHDALE | 2006-03-17 | 1,266 | 1,266 | 200DB | 5.0000 | ||||
| FLOORING IN BATHROOM AND KITCHEN | 2006-10-19 | 1,331 | 1,331 | 200DB | 5.0000 | ||||
| FLOORING IN BATHROOM AND KICTHEN | 2006-10-19 | 2,537 | 2,537 | 200DB | 5.0000 | ||||
| LUAN PLYWOOD, SHEET VINYL, SHOE MOLDING | 2006-12-19 | 1,350 | 1,350 | 200DB | 5.0000 | ||||
| LUAN PLYWOOD, SHEET VINYL, SHOE MOLDING | 2006-12-19 | 1,542 | 1,542 | 200DB | 5.0000 | ||||
| LUAN PLYWOOD, SHEET VINYL, SHOE MOLDING | 2006-12-19 | 1,215 | 1,215 | 200DB | 5.0000 | ||||
| TOP SUBFLOOR IN BATH | 2007-04-17 | 1,780 | 1,780 | 200DB | 5.0000 | ||||
| VINYL IN BEDROOM, HALL ANC CLOSETS ON 2ND FLO | 2007-07-24 | 3,610 | 3,610 | S/L | 5.0000 | ||||
| SEPTIC TANK | 2006-11-28 | 3,500 | 1,845 | S/L | 20.0000 | 128 | 128 | 128 | |
| TIMBER RIGHTS FEES | 2006-12-31 | 8,955 | |||||||
| MAIN PORCH REBUILD | 2007-11-06 | 538 | 264 | S/L | 20.0000 | 19 | 19 | 19 | |
| SEWER LINE REPAIRS | 2008-02-05 | 2,690 | 1,321 | S/L | 20.0000 | 97 | 97 | 97 | |
| REFINISH FLOORS | 2008-06-06 | 950 | 950 | 200DB | 5.0000 | ||||
| A/C UNITS AND DRYER CIRCUITS | 2008-07-14 | 1,300 | 1,300 | 200DB | 5.0000 | ||||
| RECONSTRUCTION OF 27-A | 2008-02-14 | 3,082 | 1,513 | S/L | 20.0000 | 112 | 112 | 112 | |
| FLOORING | 2008-02-26 | 1,175 | 1,175 | 200DB | 5.0000 | ||||
| WINDOW REPLACEMENTS | 2007-11-06 | 1,062 | 521 | S/L | 20.0000 | 39 | 39 | 39 | |
| 100 12-14 GRASS CARP | 2008-06-18 | 1,275 | 1,275 | 200DB | 5.0000 | ||||
| VINYL INSTALLATION & 5 TON CONDENSER | 2009-07-14 | 5,875 | 5,875 | 200DB | 5.0000 | ||||
| REFRIGERATOR | 2009-08-03 | 459 | 459 | 200DB | 5.0000 | ||||
| KITCHEN SINK & REFRIGERATOR | 2009-08-04 | 661 | 661 | 200DB | 5.0000 | ||||
| THERMOSTAT | 2008-11-05 | 1,975 | 1,975 | 200DB | 5.0000 | ||||
| STOVE & COMPRESSORS | 2009-07-01 | 880 | 880 | 200DB | 5.0000 | ||||
| REFINISH FLOORING | 2009-07-29 | 1,100 | 1,100 | 200DB | 5.0000 | ||||
| HEAT PUMP & A/C CONDENSOR | 2010-08-30 | 5,490 | 5,490 | 200DB | 5.0000 | ||||
| A/C CONDENSOR | 2010-07-08 | 3,600 | 3,600 | 200DB | 5.0000 | ||||
| A/C CONDENSOR | 2010-06-25 | 4,660 | 4,660 | 200DB | 5.0000 | ||||
| VINYL INSTALLATION | 2009-09-29 | 3,427 | 3,427 | 200DB | 5.0000 | ||||
| HEATER | 2012-02-07 | 369 | 369 | 200DB | 5.0000 | ||||
| ROOF | 2012-02-27 | 4,785 | 1,566 | S/L | 20.0000 | 174 | 174 | 174 | |
| ROOF | 2012-08-14 | 1,010 | 331 | S/L | 20.0000 | 36 | 36 | 36 | |
| ROOF | 2012-02-14 | 4,110 | 1,345 | S/L | 20.0000 | 150 | 150 | 150 | |
| NEW FURNACE | 2013-12-10 | 2,816 | 789 | S/L | 27.5000 | 103 | 103 | 103 | |
| ROOF | 2019-10-25 | 11,087 | 756 | S/L | 27.5000 | 403 | 403 | 403 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENTS | AT COST | 1,462,959 | 1,557,443 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDINGS, EQUIPMENT | 688,603 | 659,881 | 28,722 | 31,781 |
| LAND | 2,604,550 | 2,604,550 | 18,520,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 3,664 | 3,664 | 3,664 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ARCHDALE PROP. & LAUREL | ||||
| ADVERTISING | 675 | 675 | 675 | |
| AUTOMOBILE | 314 | 314 | 314 | |
| BANK CHARGES | 34 | 34 | 34 | |
| BUILDING MAINTENANCE | 6,929 | 6,929 | 6,929 | |
| OFFICE EXPENSE | 218 | 218 | 218 | |
| INSURANCE | 229,184 | 229,184 | 229,184 | |
| PEST CONTROL | 1,934 | 1,934 | 1,934 | |
| REPAIRS | 40,454 | 40,454 | 40,454 | |
| SUPPLIES | 43 | 43 | 43 | |
| UTILITIES: ELECTRICITY | 2,525 | 2,525 | 2,525 | |
| UTILITIES: PHONE | 1,028 | 1,028 | 1,028 | |
| UTILITIES: WATER | 7,056 | 7,056 | 7,056 | |
| APPRAISAL FEE | 9,700 | 9,700 | 9,700 |
| Description | Amount |
|---|---|
| TIMING DIFFERENCE | 8,521 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN INCOME TAXES | 189 | 189 | 189 | |
| EXCISE TAX | 1,982 | |||
| ARCHDALE PROP. & LAUREL | 1,869 | 1,869 | 1,869 |