| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Rachele Shaw Bookkeeping | 2,556 | 383 | 2,527 | 29 |
| Graf & Company Tax Accounting & Preparation | 5,367 | 805 | 5,300 | 67 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Equipment | 2000-06-01 | 1,452 | 1,306 | SL | 5.000000000000 | 0 | |||
| Equipment | 1998-11-01 | 3,416 | 3,416 | SL | 5.000000000000 | 0 | |||
| Computer | 2002-06-01 | 1,200 | 1,200 | SL | 5.000000000000 | 0 | |||
| Computer | 2002-06-01 | 3,228 | 3,228 | SL | 5.000000000000 | 0 | |||
| Computer | 2003-06-01 | 2,518 | 2,518 | SL | 5.000000000000 | 0 | |||
| Computer | 2003-06-01 | 2,857 | 2,857 | SL | 5.000000000000 | 0 | |||
| Furniture | 1999-08-01 | 800 | 800 | 200DB | 7.000000000000 | 0 | |||
| Computer Equipment | 2007-04-19 | 1,556 | 1,556 | 200DB | 5.000000000000 | 0 | |||
| Computer | 2007-05-15 | 1,637 | 1,637 | 200DB | 5.000000000000 | 0 | |||
| Computer Equipment | 2008-01-21 | 587 | 587 | 200DB | 5.000000000000 | 0 | |||
| Computer Equipment | 2008-05-15 | 317 | 317 | 200DB | 5.000000000000 | 0 | |||
| Computer Equipment | 2009-07-14 | 1,364 | 1,364 | 200DB | 5.000000000000 | 0 | |||
| Computer Equipment | 2009-08-17 | 1,316 | 1,316 | 200DB | 5.000000000000 | 0 | |||
| Computer Equipment | 2010-02-12 | 3,686 | 3,686 | 200DB | 5.000000000000 | 0 | |||
| Air Conditioner Unit | 2010-08-24 | 400 | 400 | 200DB | 7.000000000000 | 0 | |||
| Projector | 2012-04-02 | 972 | 972 | 200DB | 7.000000000000 | 0 | |||
| Telephone | 2012-09-18 | 1,354 | 1,354 | 200DB | 7.000000000000 | 0 | |||
| Phones | 2012-10-19 | 565 | 565 | 200DB | 7.000000000000 | 0 | 4,373 | ||
| Video Camera | 2013-08-28 | 1,497 | 1,497 | 200DB | 7.000000000000 | 0 | 75 | ||
| Computer | 2013-09-26 | 586 | 586 | 200DB | 5.000000000000 | 0 | 75 | ||
| St Marys Building | 2014-09-01 | 188,015 | 35,528 | SL | 39.000000000000 | 4,484 | 440 | ||
| Improvements | 2015-07-15 | 3,000 | 574 | SL | 39.000000000000 | 77 | 707 | ||
| Improvements-N 3rd St | 2015-08-15 | 3,000 | 568 | SL | 39.000000000000 | 77 | 506 | ||
| Improvements-N 3rd St | 2015-10-31 | 17,590 | 3,251 | SL | 39.000000000000 | 451 | 253 | ||
| Improvements-N 3rd St | 2015-11-30 | 28,265 | 5,166 | SL | 39.000000000000 | 725 | |||
| Improvements-N 3rd St | 2015-12-31 | 20,240 | 3,655 | SL | 39.000000000000 | 519 | 53 | ||
| Legal Acquisition Costs N 3rd St | 2015-08-31 | 10,090 | 1,910 | SL | 39.000000000000 | 259 | 61 | ||
| Dell Equipment | 2015-03-11 | 264 | 264 | SL | 5.000000000000 | 0 | 2,174 | ||
| Counter tops | 2016-07-21 | 615 | 561 | SL | 7.000000000000 | 54 | 182 | ||
| Warehouse Shelving | 2016-01-25 | 3,665 | 3,602 | SL | 7.000000000000 | 63 | 125 | ||
| Improvements-St Marys | 2016-09-01 | 86,939 | 14,024 | SL | 39.000000000000 | 2,229 | 16 | ||
| Improvement-Carpeting-3rd St | 2016-07-21 | 2,106 | 1,919 | SL | 7.000000000000 | 187 | 4,882 | ||
| Windows | 2016-05-27 | 5,000 | 848 | SL | 39.000000000000 | 128 | 73 | ||
| Shed Heater Installation | 2016-03-16 | 800 | 784 | SL | 7.000000000000 | 16 | 70 | ||
| HVAC Project | 2016-10-01 | 40,047 | 35,041 | SL | 7.000000000000 | 5,006 | 95 | ||
| Ovens, tables, racks | 2017-11-15 | 840 | 728 | 200DB | 7.000000000000 | 75 | 108 | ||
| Kitchen Equipment | 2017-12-06 | 800 | 692 | 200DB | 7.000000000000 | 72 | 21 | ||
| Windows | 2017-04-05 | 3,798 | 554 | SL | 39.000000000000 | 97 | 165 | ||
| Rectory heating/Cooling | 2017-01-06 | 4,330 | 661 | SL | 39.000000000000 | 111 | 29 | ||
| 3rd St Boilers | 2017-03-13 | 844 | 127 | SL | 39.000000000000 | 22 | |||
| Electrical wiring | 2017-06-27 | 6,575 | 936 | SL | 39.000000000000 | 169 | 58 | 58 | |
| St Marys Improvements | 2017-03-31 | 1,173 | 174 | SL | 39.000000000000 | 30 | 1,371 | ||
| Land - S Lot 14 | 2017-09-14 | 6,257 | 0 | 0 | 0.000000000000 | 0 | 13,317 | 13,317 | |
| New Chicago PUD Arch Drawings | 2017-08-14 | 2,131 | 165 | SL | 39.000000000000 | 58 | 74 | 74 | |
| HVAC Project Settlement | 2017-08-14 | 15,750 | 13,641 | SL | 7.000000000000 | 1,406 | 36 | 36 | |
| New Chicago Triplexes-Buildings | 2020-05-01 | 519,358 | 34,959 | SL | 39.000000000000 | 13,317 | 3,040 | ||
| New Chicago Loan Fees | 2020-05-01 | 2,894 | 194 | SL | 39.000000000000 | 74 | 117 | ||
| New Chicago Survey | 2020-05-01 | 1,400 | 94 | SL | 39.000000000000 | 36 | 869 | 869 | |
| N 3rd Improvements | 2020-06-15 | 121,547 | 7,922 | SL | 39.000000000000 | 3,117 | 194 | ||
| Washer | 2020-11-06 | 856 | 435 | 200DB | 7.000000000000 | 120 | 302 | ||
| New Chicago Improvements | 2020-05-01 | 33,883 | 2,281 | SL | 39.000000000000 | 869 | 87 | 87 | |
| Computer | 2020-11-06 | 1,410 | 715 | 200DB | 7.000000000000 | 199 | 270 | ||
| Laptop Computer | 2021-10-26 | 1,576 | 490 | 200DB | 7.000000000000 | 310 | |||
| Electrical improvement | 2021-03-12 | 3,378 | 156 | SL | 39.000000000000 | 87 | 34 | ||
| HVAC | 2022-01-21 | 1,040 | 74 | 200DB | 7.000000000000 | 276 | |||
| Computer | 2011-10-17 | 386 | 386 | 200DB | 7.000000000000 | 0 | |||
| HVAC | 2023-01-11 | 495 | SL | 7.000000000000 | 35 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Allen Olsen LLC | 81,868 | 81,868 | |
| Securities | 10,428 | 10,428 | |
| Vanguard Inherited IRA | 19 | 19 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Buildings - 3rd St | 183,305 | 42,181 | 141,124 | |
| Land | 21,057 | 0 | 21,057 | |
| Building Improvements - 3rd St | 302,301 | 46,212 | 256,089 | |
| Furniture & Fixtures | 67,814 | 65,587 | 2,227 | |
| Equipment | 34,144 | 32,726 | 1,418 | |
| Amortizable Assets | 7,486 | 7,150 | 336 | |
| New Chicago Development | 563,044 | 52,290 | 510,754 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Foss Kuiken & Co legal advice | 745 | 112 | 736 | 9 |
| State of Iowa tax penalty | 68 | 68 |
| Item No. | 1 |
|---|---|
| Lender's Name | Small Business Admin |
| Lender's Title | |
| Relationship to Insider | None |
| Original Amount of Loan | 126,100 |
| Balance Due | 120,710 |
| Date of Note | 2020-06 |
| Maturity Date | 2050-06 |
| Repayment Terms | Monthly payment |
| Interest Rate | 0.02750000 |
| Security Provided by Borrower | None |
| Purpose of Loan | Operating expenses during Covid |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Dues & subscriptions | 59 | 59 | 59 | |
| Telephone/Internet | 3,712 | 371 | 3,404 | 308 |
| Finance Charges | 444 | 44 | 438 | 6 |
| Website | 3,812 | 3,812 | ||
| Bank Fees | 98 | 96 | 2 | |
| Outside Contractors | 1,294 | 1,294 | ||
| Paypal fees | 199 | 199 | ||
| Bad Debt | 10,000 | 9,734 | 266 | |
| Supplies | 1,782 | 1,059 | 722 | |
| Amortization | 68 | 68 | ||
| Computer Equipment | 175 | 17 | 173 | 2 |
| Office supplies | 30 | 5 | 30 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Allen Olsen LLC | 3,190 | 3,190 | 3,190 |
| Description | Amount |
|---|---|
| K-1 Book tax difference | 1,773 |
| Prior year adjustment | 134 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Security Deposit | 5,170 | 4,925 |
| Borrower's Name | Relationship to Insider | Original Amount of Loan | Balance Due | Date of Note | Maturity Date | Repayment Terms | Interest Rate | Security Provided by Borrower | Purpose of Loan | Description of Lender Consideration | Consideration FMV |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Chi-Land LLC | None | 4,350 | 4,350 | 2022-12 | 2024-12 | Due on demand | 0 % | None | Rental deposit made to Chi-Land LLC in error | Cash | 4,350 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| Math Games | 39,272 | 5,045 | 34,227 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Prop Tax N 3rd St | 11,344 | 11,063 | 281 | |
| Prop tax W Grimes | 11,621 | 11,621 | 11,621 | 0 |
| 2021 990-T | 7,572 | 7,572 | 7,572 | 0 |