Devon Drive Group Home Inc.

“Expenses 1,717 utilities 6,917 trash removal 252 heating/cooling repairs 327 snow removal 95 v&m equip maint./repairs 187 misc operating expenses 4,160 misc. Taxes/permits/lisc 308 non-investment depreciation 16,163 total 30,126”

“Prepaid expenses and deferred charges 1,099 1,236 furnishings 11,230 20,680 less accumulated depreciation 8,744 10,008 building equipment 47,151 47,151 less accumulated depreciation 16,196 24,037 furniture 7,536 7,536 less accumulated depreciation 7,536 7,536 office furniture and equipment 585 585 less accumulated depreciation 585 585 maintenance equipment 552 552 less accumulated depreciation 552 552 total 34,540 35,022”

“Accounts payable and accrued expenses 563 3,142 tenant deposits held in trust 614 968”

“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.”