| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Buliding | 2021-11-01 | 348,319 | 39,676 | Straight Line | 2750.0000000000 % | 12,665 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Building - 81 Gunning River Rd. | 348,318 | 52,341 | 295,977 | |
| Land | 39,538 | 39,538 |
| Item No. | 1 |
|---|---|
| Lender's Name | Hakeem Adebayo |
| Lender's Title | President |
| Original Amount of Loan | 39538 |
| Balance Due | |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | Working Capital |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | Milicon and Associates |
| Lender's Title | |
| Original Amount of Loan | 53400 |
| Balance Due | 8883 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | Working Capital |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 3 |
|---|---|
| Lender's Name | Due to Hawthorne |
| Lender's Title | |
| Original Amount of Loan | |
| Balance Due | 1500 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 1 |
|---|---|
| Lender's Name | NJHMFA |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 352,561 |
| Balance Due | 366,754 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Security Deposit | 3,660 | 3,660 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Auto expenses | 615 | |||
| Licenses/Permits | 202 | |||
| Office Expenses | 1,148 | |||
| Sub-Contractors | 5,400 | |||
| Insurance | 1,039 | |||
| Repairs Maintenance | 619 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Management Fees | 24,550 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|