| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| KHALSA MCBREARTY ACCOUNTANCY | 760 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| HOME FURNISHINGS | 2018-10-15 | 23,044 | 16,091 | S/L | 7.0000 | 993 | |||
| HOME IMPROVEMENTS | 2018-10-25 | 31,014 | 6,114 | S/L | 39.0000 | 985 | |||
| EQUIPMENT | 2018-10-25 | 1,910 | 1,696 | S/L | 5.0000 | 43 | |||
| LAND | 2017-07-13 | 175,000 | |||||||
| ALARM SYSTEM | 2019-11-22 | 1,294 | 880 | 200DB | 10.0000 | 85 | |||
| HOME FURNISHINGS | 2021-06-16 | 1,836 | 776 | S/L | 7.0000 | 151 | |||
| FURNISHINGS | 2024-06-30 | 113 | 74 | 200DB | 7.0000 | 11 | |||
| IMPROVEMENTS | 2024-01-01 | 1,199 | 29 | S/L | 39.0000 | 31 | |||
| ROBERT GARDNER HOME | 2017-07-08 | 480,000 | 106,676 | S/L | 39.0000 | 15,238 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| EQUIPMENT | 3,204 | 2,704 | 500 | |
| FURNISHINGS | 24,993 | 18,097 | 6,896 | |
| HOME IMPROVEMENTS | 32,213 | 7,159 | 25,054 | |
| HISTORIC HOME | 480,000 | 121,914 | 358,086 | |
| LAND | 175,000 | 175,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| SECURITY ALARM | 150 | 150 | ||
| INSURANCE | 7,067 | 7,067 | ||
| MAINTENANCE | 22,945 | 22,945 | ||
| UTILITIES | 7,568 | 7,568 | ||
| OFFICE EXPENSE | 1,941 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INTEREST INCOME - BANK | 30 | 30 | 30 |
| INTEREST INC- 1ST CHOICE PROP | 55,307 | 55,307 | 55,307 |
| INTEREST INC - REEB GROUP | 56,618 | 56,618 | 56,618 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADKIUSTMENT | 265 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| KATHLEEN GARDNER | 200,000 | 200,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAX | 269 | |||
| PROPERTY TAX | ||||
| PAYROLL TAX | 1,725 |