| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| JABLONSKI & CO, CPAS | 1,100 | 1,100 |
| 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 | 2020-09-01 | 120,000 | 9,769 | S/L | 39.0000 | 3,000 | 3,000 | ||
| LAND | 2020-09-01 | 34,728 | |||||||
| AUTOMOBILE | 2020-09-01 | ||||||||
| FURNITURE/COMP/FIXT | 2020-09-01 | ||||||||
| HVAC UNITS | 2020-09-01 | 2,600 | 521 | S/L | 15.0000 | 139 | 139 | ||
| CAMERA0901 | 2020-09-01 | 900 | 351 | S/L | 7.0000 | 78 | 78 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING AND EQUIPMENT | 123,500 | 14,024 | 109,476 | 123,500 |
| LAND | 34,728 | 34,728 | 34,728 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BOOKS | 1,714 | 1,714 | 1,714 | |
| BUSINESS LICENSE FEE | 120 | 120 | 120 | |
| SUPPLIES | 4,703 | 4,703 | 4,703 | |
| EQUIPMENT REPAIRS | 981 | 981 | 981 | |
| MEALS | ||||
| INTERNET FEES | 650 | 650 | 650 | |
| BANK FEES | 30 | 30 | 30 | |
| HALL RENTAL | 200 | 200 | 200 | |
| POSTAGE | 80 | 80 | 80 | |
| WEBSITE |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NURUL QURAN INT'L ACADEMY | SISTER ACADEMY | 10,000 | 10,709 | 2022-05 | 2025-05 | ON DEMAND | 2.66 % | NONE | EXPANSION PROJECT OF RELIGIOUS BLDG | NONE |
| Item No. | 1 |
|---|---|
| Borrower's Name | WAHEED RASHID |
| Borrower's Title | SECRETARY/TREASURER |
| Original Amount of Loan | 8868 |
| Balance Due | 9104 |
| Date of Note | 2023-12 |
| Maturity Date | 2025-12 |
| Repayment Terms | ON DEMAND |
| Interest Rate | 0.0266 |
| Security Provided by Borrower | NONE |
| Purpose of Loan | |
| Description of Lender Consideration | NONE |
| Consideration FMV | 9104 |