| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 295 Grove Street | 2022-06-23 | 307,100 | 27,920 | Straight-line | 27.500000 | 10,985 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Property at 295 Grove St | 372,080 | 38,905 | 361,095 | 400,000 |
| Item No. | 1 |
|---|---|
| Lender's Name | Cooperative Fund of the Northeast |
| Lender's Title | Cooperative Fund of the Northeast |
| Relationship to Insider | none |
| Original Amount of Loan | 320,000 |
| Balance Due | 305,957 |
| Date of Note | 2023-12 |
| Maturity Date | 2029-11 |
| Repayment Terms | Monthly principal and interest payments totalling 1965.08 |
| Interest Rate | 0.055 |
| Security Provided by Borrower | Property at 295 Grove St |
| Purpose of Loan | Purchase of 295 Grove St |
| Description of Lender Consideration | Wire transfer of 320,000 on December 1 2022 |
| Consideration FMV | 299031 |
| Description | Amount |
|---|---|
| Member loan repayment | 3,250 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Groceries and house supplies | 1,650 | 0 | 0 | 0 |
| Name of 501(c)(3) Organization | Balance Due |
|---|---|
|
Lillian Lefort |
213 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Property tax | 7,823 | 0 | 0 | 0 |