| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,250 | 0 | 2,250 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BED BATH 5.165% | 43,827 | 280 |
| MOTOROLA SOL 5.22% | 40,175 | 39,394 |
| GE GLOBAL INSURANCE 7.00% | 103,451 | 100,305 |
| CHES & POTOMAC TEL 8.00% | 110,634 | 110,759 |
| NEW JERSEY BELL TEL 7.85% | 107,211 | 111,012 |
| ASSURED GUARANTY US HLDS 7.0% | 177,817 | 224,463 |
| CITIGROUP, INC. 6.125% | 90,620 | 106,539 |
| GOLDMAN SACHS GP 6.75% | 99,716 | 111,705 |
| BELLSOUTH TELECOM 7.00% | 106,008 | 104,873 |
| FORD MOTOR CO SR NOTE 5.291% | 49,099 | 41,561 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BP, PLC | 41,725 | 142,914 |
| EQUITY RESIDENTIAL REIT | 19,705 | 44,128 |
| HEALTHPEAK PPTYS | 22,000 | 13,266 |
| INTEL CORP | 19,419 | 31,365 |
| IBM | 28,205 | 84,420 |
| JP MORGAN & CO, INC. | 29,087 | 272,598 |
| JOHNSON & JOHNSON | 19,931 | 77,606 |
| MERCK & CO, INC. | 9,361 | 63,156 |
| MICROSOFT | 372 | 55,616 |
| PFIZER, INC. | 15,424 | 41,085 |
| PROLOGIS, INC. | 37,895 | 126,001 |
| ROYAL DUTCH SHELL | 150,100 | 187,741 |
| SIMON PROPERTY GROUP, INC. | 55,744 | 174,059 |
| ABBVIE | 50,076 | 137,094 |
| KIMCO REALTY | 20,113 | 18,831 |
| KYNDDRYL HOLDINGS INC. | 1,230 | 1,514 |
| ORGANON & CO. | 469 | 430 |
| VIATRIS | 0 | 2,540 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ENERGY TRANSFER PARTNERS-LIMITED PARTNERSHIP | AT COST | 12,644 | 64,311 |
| Description | Amount |
|---|---|
| NONDEDUCTIBLE EXPENSES | 39 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 1,528 | 0 | 1,528 | |
| FEES | 289 | 82 | 207 | |
| LOSS ON ORDINARY BUSINESS PASSTHROUGH | 1,419 | 1,419 | 0 | |
| OTHER CHARITABLE | 5 | 0 | 5 | |
| SEMINARS AND EDUCATION | 1,872 | 0 | 1,872 | |
| TRAVEL EXPENSE | 81 | 0 | 81 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 4,332 | 0 | 0 |