| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREP & CONSULTING | 1,199 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING | 2019-08-26 | 1,025,824 | 141,389 | SL | 2.56 % | 26,302 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Buildings | 1,743,524 | 167,691 | 1,575,833 | |
| Improvements | 25,648 | 25,648 | ||
| Land | 385,088 | 385,088 |
| Item No. | 1 |
|---|---|
| Lender's Name | MAIN STREET BANK |
| Lender's Title | |
| Relationship to Insider | LENDER |
| Original Amount of Loan | 650,000 |
| Balance Due | |
| Date of Note | 2019-08 |
| Maturity Date | 2029-08 |
| Repayment Terms | 10 YEAR |
| Interest Rate | 6.2500 |
| Security Provided by Borrower | COLATERAL |
| Purpose of Loan | BUILDING PURCHASE |
| Description of Lender Consideration | 650000 |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | T A X ANONYMOUS MEMBERS |
| Lender's Title | |
| Relationship to Insider | MEMBERS/OFFICERS |
| Original Amount of Loan | 240,000 |
| Balance Due | |
| Date of Note | 2019-08 |
| Maturity Date | |
| Repayment Terms | NONE |
| Interest Rate | |
| Security Provided by Borrower | NONE |
| Purpose of Loan | BUILDING PURCHASE DOWN PAYMENT |
| Description of Lender Consideration | 240000 |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE CHARGES | 89 | |||
| CAFE DESIGN & INTIAL PERMIT | 7,500 | |||
| EVENT VENUE RENTAL/ ASHENDA | 8,500 | |||
| FUNERAL EXPENSES | 1,426 | |||
| HONORARIUM TO ASHENDA VOCALIST | 5,000 | |||
| LOAN REFINANCE & REPAYMENT | 25,000 | |||
| LOCK SMITH | 250 | |||
| PROPERTY INSURANCE | 4,342 | |||
| REFUND TO CAFE ADVANCE PAYMENT | 20,000 |
| Description | Amount |
|---|---|
| INCREASE | 1,180,163 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| LOAN FROM MEMBERS | 403,431 | 415,701 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CAFE DESIGN PLAN & PERMIT INITIAL PLAN | 7,500 | |||
| PG CNTY PERMITMENT | 334 |