Diamond a Recreation Association Inc

“The organization made adjustments to the fixed assets and accumulated depreciation to match the book amounts with detailed depreciation schedule prepared for tax purposes.”

“Rental income 1,322 total 1,322”

“Expenses website expenses 2,057 office supplies 180 information technology 1,660 membership meetings 10,649 d&o insurance 3,096 liability insurance 3,694 bank fees 115 licenses & fees 1,987 california ubi tax paid 362 non-investment depreciation 18,343 total 42,143”

“Correct prior error in fixed assets 90 nondeductible federal ubi tax -1,677”

“Accounts receivable 0 674 furniture & fixtures 74,664 78,296 less accumulated depreciation 55,866 62,835 total 18,798 16,135”

“Accounts payable and accrued expenses 2,495 0”

“Maintenance and operation of recreational facilities for social activities and commingling among members who are bound together by a common objective of social interaction, recreation, and discussions of matters affecting their neighborhood.”

“The organization maintained and operated its recreational facilities for its members, organized numerous social functions to allow members to commingle, and hosted informational events for its members regarding topics affecting the members' neighborhood.”