| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Building and Equipment for Eye Clinic for the Underserved | 261,055 | 138,975 | 243,629 | 243,629 |
| Item No. | 1 |
|---|---|
| Lender's Name | Daniel Stingl |
| Lender's Title | President |
| Original Amount of Loan | 165294 |
| Balance Due | 107819 |
| Date of Note | 2016-11 |
| Maturity Date | 2025-12 |
| Repayment Terms | When Reasonable |
| Interest Rate | 0.02 |
| Security Provided by Borrower | Assets |
| Purpose of Loan | Equipment |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Dues and Subscriptions | 7,328 | 0 | 7,328 | 7,328 |
| Cleaning | 8,516 | 0 | 8,516 | 8,516 |
| Auto | 9,340 | 0 | 9,340 | 9,340 |
| Clinic Charges | 72,679 | 0 | 72,679 | 72,679 |
| Misc | 1,792 | 0 | 1,792 | 1,792 |
| Office Expense | 92,785 | 0 | 92,785 | 92,785 |
| Postage and Shipping | 8,081 | 0 | 8,081 | 8,081 |
| Telephone and Internet | 4,853 | 0 | 4,853 | 4,853 |
| Repairs | 25,945 | 0 | 25,945 | 25,945 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Revenue from sources due to ophthalmic services provided | 5,170 | 0 | 5,170 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Accounting Entry to get this to balance | 106,330 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Brevard County Taxes including Real Estate Taxes | 7,345 | 0 | 7,345 | 7,345 |