| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING - 3845 WEST NORTH AVENUE | 2023-09-27 | 1,552,420 | 9,951 | SL | 39.000000000000 | 39,806 | 0 | 0 | |
| LAND - 3845 WEST NORTH AVENUE | 2023-09-27 | 388,105 | L | 0 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING - 3845 WEST NORTH AVENUE | 1,552,420 | 49,757 | 1,502,663 | |
| LAND - 3845 WEST NORTH AVENUE | 388,105 | 0 | 388,105 |
| Item No. | 1 |
|---|---|
| Lender's Name | KIMBALL AVENUE EVANGELICAL CONGREGATIONAL CHURCH |
| Lender's Title | |
| Relationship to Insider | UNRELATED |
| Original Amount of Loan | 90,000 |
| Balance Due | 90,000 |
| Date of Note | 2023-04 |
| Maturity Date | 2030-10 |
| Repayment Terms | INTEREST-ONLY UNTIL MONTHLY PAYMENTS START OCT 15 2025 WITH FIVE YEAR TERM |
| Interest Rate | 4.000000000000 |
| Security Provided by Borrower | UNSECURED |
| Purpose of Loan | ORGANIZATIONAL STARTUP COSTS |
| Description of Lender Consideration | UNSECURED PROMISE TO PAY |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROGRAM OUTREACH & ENGAGEMENT | 301 | 0 | 200 | 101 |
| PROFESSIONAL LIABILITY INSURANCE | 1,798 | 0 | 1,196 | 602 |
| PROPERTY AND OTHER INSURANCE | 20,227 | 0 | 13,456 | 6,771 |
| OFFICE EXPENSE | 3,308 | 0 | 2,201 | 1,107 |
| PAYROLL AND BENEFITS ADMINISTRATION | 5,996 | 0 | 3,989 | 2,007 |
| ADMINISTRATIVE AND REGULATORY COMPLIANCE | 1,575 | 0 | 1,048 | 527 |
| REAL ESTATE PROFESSIONAL SERVICES | 47,876 | 0 | 31,851 | 16,025 |
| MORGAGE INTEREST | 126,288 | 0 | 84,016 | 42,272 |
| OTHER INTEREST | 3,667 | 0 | 2,440 | 1,227 |
| PROPERTY OPERATIONS AND MAINTENANCE | 8,429 | 0 | 5,608 | 2,821 |
| REAL ESTATE TAX | 11,854 | 0 | 7,886 | 3,968 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| LEGAL PROGRAM REVENUE | 124,768 | 124,768 | |
| COMMUNITY HUB REVENUE FROM PARTNER NONPROFITS | 213,503 | 213,503 |
| Description | Amount |
|---|---|
| ROUNDING | 1 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| SECURITY DEPOSITS | 0 | 30,250 |
| REAL ESTATE TAX RELATED LIABILITY | 12,299 | 0 |
| Name | Address |
|---|---|
|
THE CHICAGO COMMUNITY TRUST FOUNDATION (ALSO SC2) |
2519 W NORTH AVENUE CHICAGO,IL60647 |