| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES - ACCOUNTING | 6,500 | 6,500 | 0 | 0 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| CLOSING COSTS ON PURCHASE | 2022-01-14 | 5,823 | 776 | 180.000000000000 | 388 | 388 | 388 | 1,164 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND - 630 MAIN STREET, MELROSE, MA 02176 | 2022-01-14 | 522,460 | L | 0 | 0 | 0 | |||
| BUILDING - 630 MAIN STREET, MELROSE, MA 02176 | 2022-01-14 | 342,540 | 17,200 | SL | 39.000000000000 | 8,783 | 8,783 | 8,783 | |
| IMPROVEMENTS - 2022 | 2022-09-01 | 97,189 | 3,219 | SL | 39.000000000000 | 2,492 | 2,492 | 2,492 | |
| OFFICE EQUIPMENT | 2022-07-01 | 7,893 | 200DB | 7.000000000000 | 0 | 1,128 | 0 | ||
| IMPROVEMENTS - 2023 | 2023-09-01 | 22,373 | 167 | SL | 39.000000000000 | 574 | 574 | 574 | |
| NESS SECURITY SYSTEM | 2023-03-01 | 4,071 | 582 | 200DB | 7.000000000000 | 997 | 582 | 0 | |
| COMPUTER EQUIPMENT ADELPHI GRANT | 2023-09-05 | 2,219 | 444 | 200DB | 5.000000000000 | 710 | 444 | 0 | |
| ORIENTAL RUG | 2024-06-01 | 3,000 | 200DB | 7.000000000000 | 429 | 250 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FIDELITY BROKERAGE SERVICES | AT COST | 3,390,072 | 4,155,386 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND - 630 MAIN STREET, MELROSE, MA 02176 | 522,460 | 0 | 522,460 | |
| BUILDING - 630 MAIN STREET, MELROSE, MA 02176 | 342,540 | 25,983 | 316,557 | |
| IMPROVEMENTS - 2022 | 97,189 | 5,711 | 91,478 | |
| CLOSING COSTS ON PURCHASE | 5,823 | 1,164 | 4,659 | |
| OFFICE EQUIPMENT | 7,893 | 7,893 | 0 | |
| IMPROVEMENTS - 2023 | 22,373 | 741 | 21,632 | |
| NESS SECURITY SYSTEM | 4,071 | 1,579 | 2,492 | |
| COMPUTER EQUIPMENT ADELPHI GRANT | 2,219 | 1,154 | 1,065 | |
| ORIENTAL RUG | 3,000 | 429 | 2,571 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES - LEGAL | 375 | 375 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DUES & SUBSCRIPTIONS | 3,367 | 3,367 | 0 | 0 |
| INSURANCE LIABILITY WC ETC | 10,479 | 10,479 | 0 | 0 |
| OFFICE SUPPLIES | 13,866 | 6,200 | 0 | 7,666 |
| LANDSCAPING & PLOWING | 3,483 | 3,483 | 0 | 0 |
| POSTAGE & PO BOX RENTAL | 917 | 917 | 0 | 0 |
| TELEPHONE | 4,928 | 4,928 | 0 | 0 |
| PARKING & TOLLS REIMBURSEMENT | 63 | 63 | 0 | 0 |
| SUBSCRIPTIONS - WEBSITE CONTENT | 1,112 | 0 | 0 | 1,112 |
| SECURITY | 540 | 540 | 0 | 0 |
| TAXES OTHER COMM OF MA FILING FEES | 125 | 125 | 0 | 0 |
| BANK FEES | 60 | 60 | 0 | 0 |
| WEBSITE MAINTENANCE & HOSTING | 4,008 | 2,378 | 0 | 1,630 |
| REPAIRS & MAINTENANCE | 9,897 | 9,897 | 0 | 0 |
| MEALS & ENTERTAINMENT | 738 | 738 | 0 | 0 |
| TRAVEL EXPENSE | 62 | 62 | 0 | 0 |
| UTILITIES | 16,365 | 16,365 | 0 | 0 |
| AMORTIZATION | 388 | 388 | 388 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROYALTIES | 126 | 0 | 126 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADJUSTMENT 2017 OPENNING CASH ACCOUNT | 16,948 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| SBA LOAN PAYABLE | 138,967 | 128,344 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL FEES | 3,013 | 3,013 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAXES 2024 FORM 990-T | 1,099 | 1,099 | 0 | 0 |
| FOREIGN TAXES | 204 | 204 | 0 | 0 |
| TAXES REAL ESTATE | 6,649 | 6,649 | 0 | 0 |