| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 500 | 500 | 500 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 68,779 | 2,386 | 2,386 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 270,000 | 270,000 | ||
| BUILDING | 323,493 | 322,725 | 768 | |
| FURNITURE & FIXTURES | 17,271 | 11,169 | 6,102 | |
| EQUIPMENT | 4,297 | 2,793 | 1,504 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| INSURANCE | 10,602 | 10,602 | 10,602 | |
| LICENSES & FEES | 277 | 277 | 277 | |
| ADVERTISING | 648 | 648 | 648 | |
| OFFICE EXPENSES | 41 | 41 | 41 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SPACE RENTAL | 36,556 | 36,556 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| LOAN FROM SFE TRUST | 193,520 | 193,520 |
| OTHER LOANS |