| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Cynthia Wilder - Bookkeeping | 15,250 | 0 | 0 | 0 |
| Kupstas & Kupstas LLC - Tax Return | 7,743 | 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 | 19,368 | SL | 2.56 % | 6,547 | |||
| 827 Fairways Court | 2021-11-09 | 1,711,795 | 93,267 | SL | 2.56 % | 43,890 | |||
| Improv - Air Conditioning | 2009-03-03 | 34,480 | 33,462 | 150DB | 2.95 % | 1,018 | |||
| Improv - New Roof Face | 2009-11-01 | 115,553 | 41,852 | SL | 2.56 % | 2,963 | |||
| Improv - Roof | 2010-05-10 | 76,400 | 26,691 | SL | 2.56 % | 1,959 | |||
| Improv - Air Conditioning | 2010-10-10 | 14,000 | 12,251 | SL | 6.67 % | 934 | |||
| Improv - Remodel | 2011-12-31 | 198,659 | 61,340 | SL | 2.56 % | 5,094 | |||
| Improv - SP Remax | 2012-06-22 | 16,000 | 4,732 | SL | 2.56 % | 410 | |||
| Improv - Roof | 2013-11-09 | 94,970 | 24,654 | SL | 2.56 % | 2,435 | |||
| Improv - Parking Lot | 2014-06-15 | 42,739 | 28,860 | 150DB | 5.91 % | 2,526 | |||
| Improv - Roof | 2014-06-23 | 85,350 | 20,879 | SL | 2.56 % | 2,188 | |||
| 3003 Norton St | 2019-08-20 | 62,534 | 7,013 | SL | 2.56 % | 1,603 | |||
| 2455 Old Covington Hwy | 2019-10-07 | 291,970 | 32,242 | SL | 2.56 % | 7,486 | |||
| Investors Way Camden NC | 2020-06-30 | 56,769 | 5,412 | SL | 2.56 % | 1,456 | |||
| Improv - Maryland | 2020-12-31 | 35,900 | 2,799 | SL | 2.56 % | 920 | |||
| 8510 Renovation | 2022-07-18 | 81,720 | 3,057 | SL | 2.56 % | 2,095 | |||
| 8536 Tennant Improvements | 2022-05-26 | 124,402 | 18,038 | 150DB | 8.55 % | 10,636 | |||
| Improvements - Reliable Contracting | 2023-10-27 | 76,340 | 2,542 | SL | 6.67 % | 5,092 | |||
| Improvements | 2024-07-01 | 46,200 | SL | 3.33 % | 1,538 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Buildings | 2,378,397 | 218,284 | 2,160,113 | 2,160,113 |
| Improvements | 1,042,713 | 320,965 | 721,748 | 721,748 |
| Land | 1,510,864 | 1,510,864 | 1,510,864 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Aquahart Law | 1,133 | 0 | 0 | 0 |
| Description | Amount |
|---|---|
| Opening Balance Variance - Prior Year Changes | 108 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Bank Fee | 944 | |||
| Foundation Renewal Fee | 35 | |||
| Gifts | 1,161 | |||
| Insurance | 10,428 | |||
| Internet & Software Costs | 1,743 | |||
| Ministry Expenses | 84,969 | |||
| Office Expense | 23,049 | |||
| Postage | 61 | |||
| Rental Expenses | 471,978 | |||
| Telephone | 4,026 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| M&T Rewards | 945 | ||
| Rental Income - Noninvestment Property | 1,708,903 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Security Deposits | 66,039 | 68,039 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Baird Investments - Advisory Fees | 6,059 | 0 | 0 | 0 |
| Breezy Hill Marketing | 1,592 | 0 | 0 | 0 |
| Harbor Compliance | 284 | 0 | 0 | 0 |
| Kim Berg - Administrative | 175 | 0 | 0 | 0 |
| Misc Compliance | 87 | 0 | 0 | 0 |
| Savannah River Marketing | 338 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Excise Tax | 320 | |||
| Misc Property Taxes | 1,290 |