Mediapolis Community Housing Inc

“Advertising and Promotion $1165”

“Office Expenses $3095”

“Interest $45616”

“Depreciation $13209”

“Insurance $14091”

“Accounts Receivable - Beginning $603 Accounts Receivable - Ending $562”

“Prepaid Expenses and Deferred Charges - Beginning $4406 Prepaid Expenses and Deferred Charges - Ending $4884”

“INTERORGANIZATION RECEIVABLE - Beginning $2681 INTERORGANIZATION RECEIVABLE - Ending $1995”

“Accounts Payable and Accrued Expenses - Beginning $669 Accounts Payable and Accrued Expenses - Ending $3471”

“Secured Mortgages and Notes Payable - Beginning $506664 Secured Mortgages and Notes Payable - Ending $498158”

“PROPERTY TAXES PAYABLE - Beginning $9834 PROPERTY TAXES PAYABLE - Ending $5069”

“SECURITY DEPOSITS PAYABLE - Beginning $4414 SECURITY DEPOSITS PAYABLE - Ending $4907”

“PREPAID REVENUE - Beginning $37 PREPAID REVENUE - Ending $0”

“INTERORGANIZATION PAYABLE - Beginning $2681 INTERORGANIZATION PAYABLE - Ending $1995”

“During the year ended december 31, 2014, it was noted that the prior year tax returns incorrectly identified the method of accounting as cash basis. The organization has historically maintained its method of accounting on the accrual basis. The 2014 tax return has been updated to reflect this. There is no need to complete a form 3115 as there was no change in the actual method, only a correction of an error.”