Devon Drive Group Home Inc.

“Expenses property & liability insuranc 1,897 utilities 6,589 trash removal 264 heating/cooling repairs 831 snow removal 246 v&m equip maint./repairs 187 misc operating expenses 3,767 misc. Taxes/permits/lisc 308 non-investment depreciation 19,000 total 33,089”

“Prepaid expenses and deferred charges 1,236 1,299 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 20,680 40,135 less accumulated depreciation 10,008 12,100 building equipment 47,151 47,151 less accumulated depreciation 24,037 31,600 total 35,022 44,885”

“Accounts payable and accrued expenses 3,142 4,528 tenant deposits held in trust 968 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.”