Country Trend Inc

“Expenses interest on mortgage payable 6,593 office expense 1,654 other expenses 2,283 supplies 4,216 other 74 non-investment depreciation 14,965 total 29,785”

“Prepaid expenses and deferred charges 64 0 tenant deposits held in trust 1,276 1,275 escrow deposits 2,808 3,577 replacement reserve 68,174 64,810 residual receipts 16,629 16,635 total 88,951 86,297”

“Accounts payable and accrued expenses 2,755 20,762 tenant deposits held in trust 1,276 1,275 mortgage payable 80,347 63,370 accured interest payable 619 488 advances from project owner 77,480 78,389 excess project funds - residual rec 14,614 14,614 accrued management fees 0 114”

“Country trend, inc. Is a non-profit entity organized under the laws of south carolina to operate one eight-bed residence located in barnwell, sc. The project is operated under section 202 of the national housing act and regulated by the u.s. Department of housing and urban development (hud) with respect to rental charges and operating methods. The project also is subject to section 8 housing assistance payments agreements with the u.s. Department of housing and urban development (hud), and a significant portion of the project's rental income is received from hud.”

“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.”