Piedmont Drive Group Home Inc

“Expenses insurance 1,869 heating/cooling repairs 180 misc. Admin expenses 205 misc. Operating expenses 6,193 misc. Taxes/permits/lisc 283 trash removal 318 utilities 4,671 v&m equipment maint/rep 187 snow removal 175 non-investment depreciation 25,195 total 39,276”

“Accounts receivable 3,189 24,811 prepaid expenses and deferred charges 1,214 1,311 furnishings 25,821 25,821 less accumulated depreciation 25,821 25,821 building equipment 35,806 35,806 less accumulated depreciation 32,411 35,807 total 7,798 26,121”

“Accounts payable and accrued expenses 13,448 25,573 tenant deposits held in trust 677 677”

“Piedmont drive group home 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 spotsylvania 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.”