| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Cynthia Wilder - Bookkeeping | 15,200 | 0 | 0 | 0 |
| Davis, Josey, Keating - Audit | 14,500 | 0 | 0 | 0 |
| Jim Gay, CPA - Accounting | 5,583 | 0 | 0 | 0 |
| Kupstas & Kupstas LLC - Tax Return | 8,300 | 0 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2445 Old Covington Way | 2021-01-01 | 255,329 | 12,821 | SL | 2.56 % | 6,547 | |||
| 827 Fairways Court | 2021-11-09 | 1,711,795 | 49,377 | SL | 2.56 % | 43,890 | |||
| Improv - Air Conditioning | 2009-03-03 | 34,480 | 31,424 | 150DB | 5.91 % | 2,038 | |||
| Improv - New Roof Face | 2009-11-01 | 115,553 | 38,889 | SL | 2.56 % | 2,963 | |||
| Improv - Roof | 2010-05-10 | 76,400 | 24,732 | SL | 2.56 % | 1,959 | |||
| Improv - Air Conditioning | 2010-10-10 | 14,000 | 11,317 | SL | 6.67 % | 934 | |||
| Improv - Remodel | 2011-12-31 | 198,659 | 56,246 | SL | 2.56 % | 5,094 | |||
| Improv - SP Remax | 2012-06-22 | 16,000 | 4,322 | SL | 2.56 % | 410 | |||
| Improv - Roof | 2013-11-09 | 94,970 | 22,219 | SL | 2.56 % | 2,435 | |||
| Improv - Parking Lot | 2014-06-15 | 42,739 | 26,338 | 150DB | 5.90 % | 2,522 | |||
| Improv - Roof | 2014-06-23 | 85,350 | 18,691 | SL | 2.56 % | 2,188 | |||
| 3003 Norton St | 2019-08-20 | 62,534 | 5,410 | SL | 2.56 % | 1,603 | |||
| 2455 Old Covington Hwy | 2019-10-07 | 291,970 | 24,756 | SL | 2.56 % | 7,486 | |||
| Investors Way Camden NC | 2020-06-30 | 56,769 | 3,956 | SL | 2.56 % | 1,456 | |||
| Improv - Maryland | 2020-12-31 | 35,900 | 1,879 | SL | 2.56 % | 920 | |||
| 8510 Renovation | 2022-07-18 | 81,720 | 962 | SL | 2.56 % | 2,095 | |||
| 8536 Tennant Improvements | 2022-05-26 | 124,402 | 6,220 | 150DB | 9.50 % | 11,818 | |||
| Improvements - Reliable Contracting | 2023-10-27 | 76,340 | SL | 3.33 % | 2,542 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Buildings | 2,378,397 | 157,302 | 2,221,095 | 2,221,095 |
| Improvements | 996,513 | 281,157 | 715,356 | 715,356 |
| Land | 1,510,864 | 1,510,864 | 1,510,864 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Budd Bay Law | 100 | 0 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Bank Fee | 465 | |||
| Gifts | 827 | |||
| Insurance | 9,917 | |||
| Internet & Software Costs | 4,364 | |||
| Ministry Expenses | 46,107 | |||
| Office Expense | 16,259 | |||
| Postage | 294 | |||
| Rental Expenses | 478,635 | |||
| Telephone | 4,929 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| M&T Rewards | 440 | ||
| Rental Income - Noninvestment Property | 1,539,168 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Security Deposits | 59,227 | 66,039 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Baird & T Rowe Price - Investment Fees | 5,813 | 0 | 0 | 0 |
| Breezy Hill Marketing | 16,665 | 0 | 0 | 0 |
| Harbor Compliance | 8,404 | 0 | 0 | 0 |
| Kim Berg - Administrative | 474 | 0 | 0 | 0 |
| Virtuous CRM Markrting | 8,436 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Excise Tax | 3,575 | |||
| Foreign Tax on Dividends | 485 | |||
| Misc Property Taxes | 1,392 | |||
| Miscellaneous Tax | 61 |