| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUDIT | 12,513 | 0 | 0 | |
| CENTRALIZED ACCTG AND COMPUTER FEES | 3,084 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| LAND | 31,161 | 0 % | 0 | 0 | |||||
| BUILDING & EQUIPMENT | 2,821,159 | 1,893,917 | 0 % | 0 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| 990PF , PAGE 2 (C) | THE TAXPAYER DOES NOT KEEP RECORDS FOR FAIR MARKET VALUE OF RENTAL ASSETS (BUILDING, IMPROVEMENTS, LAND)THE FAIR MARKET VALUE REFLECTED IN THIS TAX RETURN IS EQUIVALENT TO BOOK VALUE. |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 31,161 | 0 | 31,161 | |
| BUILDING & EQUIPMENT | 2,821,159 | 1,893,917 | 927,242 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ESCROW DEPOSITS | 33,508 | 33,508 | 33,508 |
| TENANT DEPOSITS HELD IN TRUST | 6,419 | 7,051 | 7,051 |
| REPLACEMENT RESERVE | 1,086,638 | 1,079,986 | 1,079,986 |
| TAX ESCROW | 773 | 41,973 | 41,973 |
| RESIDUAL RECEIPTS | 7,349 | 7,349 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MANAGEMENT FEES | 57,139 | 0 | 0 | |
| MISC. ADMINISTRATIVE EXPENSES | 9,844 | 0 | 0 | |
| UTILITIES | 58,499 | 0 | 0 | |
| SUPPLIES | 18,338 | 0 | 0 | |
| CONTRACTS | 43,808 | 0 | 0 | |
| GARBAGE AND TRASH REMOVAL | 4,552 | 0 | 0 | |
| HVAC CONTRACT | 2,038 | 0 | 0 | |
| SNOW REMOVAL | 9,207 | 0 | 0 | |
| PROPERTY INSURANCE | 25,623 | 0 | 0 | |
| WORKERS COMPENSATION | 54 | 0 | 0 | |
| ADVERTISING | 622 | 0 | 0 | |
| OFFICE EXPENSES | 12,272 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| TENANT RENTS | 95,171 | 95,171 | |
| LAUNDRY AND VENDING | 1,839 | 1,839 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DEPOSITS HELD IN TRUST | 6,419 | 7,051 |
| PREPAID RENT | 0 | 2,065 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER | 13,942 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 8,347 | 0 | 0 | |
| REAL ESTATE TAXES | 5,000 | 0 | 0 |