| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 3225 & 3227 Corporate Ct, Unit 13A and 14A | 180,000 | 0 | 180,000 | |
| Building Renovations | 15,570 | 0 | 15,570 |
| Item No. | 1 |
|---|---|
| Lender's Name | Abul Kashim |
| Lender's Title | Vice President |
| Original Amount of Loan | 36000 |
| Balance Due | 36000 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | As available |
| Interest Rate | |
| Security Provided by Borrower | None |
| Purpose of Loan | Purchase of property for school |
| Description of Lender Consideration | |
| Consideration FMV | 36000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Closing costs from purchase | 0 | 4,742 | 4,742 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Bank Charges | 127 | |||
| Condominium Fees | 5,291 | |||
| Filing Fees | 75 | |||
| Food for Students | 1,457 | |||
| Instructor Payments | 5,205 | |||
| Insurance | 514 | |||
| Miscellaneous | 418 | |||
| Rental | 1,200 | |||
| Utilities | 827 | |||
| Website | 350 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Tuition | 2,815 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Property Taxes | 3,158 |