| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION | 506 | 506 |
| 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 | 2020-02-14 | 897,327 | 110,131 | S/L | 39.0000 | 23,009 | |||
| PARKING LOT PAVING | 2021-08-01 | 233,104 | 39,822 | S/L | 20.0000 | 11,655 | |||
| PARKING LOT LIGHTS | 2021-05-01 | 55,867 | 10,242 | S/L | 20.0000 | 2,794 | |||
| SIDEWALK REPLACEMENTS | 2021-07-13 | 16,450 | 2,879 | S/L | 20.0000 | 822 | |||
| HENKEL AND B&C-PHASE 1 | 2021-07-31 | 2,516,491 | 220,462 | S/L | 39.0000 | 64,525 | |||
| ARCHITECT AND TRANSFORMER | 2020-12-01 | 208,622 | 21,397 | S/L | 39.0000 | 5,349 | |||
| HENKEL AND B&C-PHASE 1 DEC | 2021-12-01 | 150,634 | 11,909 | S/L | 39.0000 | 3,863 | |||
| PHASE 1 ELECTRIC AND PLUMBING | 2021-07-01 | 48,631 | 4,364 | S/L | 39.0000 | 1,247 | |||
| CAM BUILD OUT - 2021 | 2021-12-01 | 592,404 | 46,835 | S/L | 39.0000 | 15,190 | |||
| CAM - SECURITY SYSTEM | 2021-12-01 | 3,841 | 1,692 | S/L | 7.0000 | 549 | |||
| CAM SIGNS | 2022-05-31 | 26,514 | 9,785 | S/L | 7.0000 | 3,788 | |||
| PHASE 1 COMPLETE | 2022-05-31 | 33,101 | 2,193 | S/L | 39.0000 | 848 | |||
| CAM COMPLETE | 2022-05-31 | 84,966 | 5,628 | S/L | 39.0000 | 2,179 | |||
| FINAL PAYMENT FOR CAM | 2022-06-01 | 4,939 | 327 | S/L | 39.0000 | 127 | |||
| DRYWALL UNFINISHED AREA-GALA | 2024-09-16 | 12,147 | 42 | S/L | 39.0000 | 312 | |||
| CAM FURNITURE | 2022-07-19 | 29,803 | 14,405 | S/L | 5.0000 | 5,961 | |||
| X-RAY (SHIMADZU RADSPEED PRO DR) | 2024-01-11 | 125,000 | 17,857 | S/L | 7.0000 | 8,929 | |||
| INFLOOR WHEELCHAIR SCALE | 2024-01-11 | 2,812 | 402 | S/L | 7.0000 | 401 | |||
| X-RAY (SHIMADZU RADSPEED PRO DR)-DONATED | 2025-12-15 | 25,600 | 200DB | 7.0000 | 914 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| X-RAY (SHIMADZU RADSPEED PRO DR) | 2024-01 | PURCHASE | 2025-07 | 125,000 | 125,000 | 26,786 | 26,786 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 4,943,253 | 645,439 | 4,297,814 | ||
| BUILDING & PARKING LOT | 2,303,600 | |||
| LAND | 10,300 | |||
| X-RAY MACHINE | 25,600 | |||
| WHEELCHAIR SCALE | 2,811 |
| Description | Amount |
|---|---|
| CHARITABLE PURPOSE DISB-CASH BASIS ADJ | 25,051 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE & CLINIC | ||||
| RENT REIMBURSEMENT | 4,259 | 4,259 | 4,259 | |
| EXPENSES | ||||
| BANK CHARGES & FEES | 4,110 | 4,110 | ||
| INSURANCE | 26,946 | 26,946 | ||
| OFFICE SUPPLIES & SOFTWARE | 984 | 984 | ||
| OTHER BUSINESS EXPENSE | 75 | 75 | ||
| PO BOX | 96 | 96 | ||
| REPAIRS & MAINTENANCE | 40,640 | 40,640 | ||
| RECYCLING FEES | 145 | 145 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| EXPENSE REIMBURSEMENT | 2,935 | 2,935 |
| Description | Amount |
|---|---|
| BOOK TO TAX ADJ-DEPRECIATION | 610 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ALEDA LOAN | 105,800 | 91,458 |
| CITY OF ALBERT LEA LOAN | 137,901 | 130,815 |
| COMPEER BOND A-1 | 591,683 | 569,658 |
| COMPEER BOND B-1 | 321,987 | 311,207 |
| FREEBORN MOWER LOAN | 97,402 | 90,153 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SECURITY SERVICES | 855 | 855 | ||
| OTHER | 35 | 35 | ||
| OFFICE & CLINIC | 4,188 | 4,188 | 4,188 |