Barnwell IV Inc.

“Expenses 4,538 interest on mortgage payable 31,950 supplies 4,953 misc. Admin expenses 338 non-investment depreciation 21,907 total 63,686”

“Accounts receivable 291 291 prepaid expenses and deferred charges 460 394 0 0 less accumulated depreciation 0 0 tenant deposits held in trust 3,358 3,409 restricted deposits 37,793 40,885 other asset 0 2 advances to project owner 8,899 0 total 50,801 44,981”

“Accounts payable and accrued expenses 9,880 14,673 deferred revenue 0 5,386 tenant security deposits 2,962 2,962 advances from project owner 0 15,254 misc. Current liabilities 686 0 due to hud 0 512 misc current liabilities 0 686 mortgage and other notes payable 358,794 333,726”

“Operate and maintain three eight-bed residences for persons with intellectual and developmental disabilities.”

“The executive director is paid a salary through the allendale-barnwell dsn. The hud project is not billed for this salary, therefore, it is not reported on form 990ez. The finance director is paid a salary through the allendale-barnwell dsn. The hud project reimburses the board for a portion of this salary. The amount is under the 10,000 threshold that requires reporting in column e of form 990ez.”