Devon Drive Group Home Inc.

“Expenses property & liability insuranc 1,913 utilities 5,433 trash removal 258 heating/cooling repairs 1,350 snow removal 16 v&m equip maint./repairs 187 misc operating expenses 1,790 misc. Taxes/permits/lisc 308 non-investment depreciation 19,083 total 30,338”

“Prepaid expenses and deferred charges 1,299 1,228 office furniture and equipment 585 585 less accumulated depreciation 585 585 maintenance equipment 552 552 less accumulated depreciation 552 552 furniture 7,536 7,536 less accumulated depreciation 7,536 7,536 furnishings 40,135 40,135 less accumulated depreciation 12,100 13,755 building equipment 47,151 47,151 less accumulated depreciation 31,600 38,782 total 44,885 35,977”

“Accounts payable and accrued expenses 4,528 10,712 tenant deposits held in trust 1,068 1,068”

“Devon drive group home, inc. Is a not-for-profit organization which is exempt from income tax under section 501(c)(3) of the internal revenue code and comparable state law. The organization owns and operates a four unit residential facility for disabled persons, located in caroline county, virginia. Substantially all revenues result from tenant rentals and rental subsidies from the u.s. Department of housing and urban development section 8 housing assistance program. The organization has been classified as a publicly supported organization under section 509 (a) of the code. The project is a section 811 project under the national affordable housing act. The organization is managed by rappahannock area community services board.”