Country Trend Inc. 2107 Ellenton Rd

“Expenses interest on mortgage payable 16,236 other admin expense 3,279 other taxes 30 supplies 1,172 non-investment depreciation 7,524 total 28,241”

“Accounts receivable 1,064 1,965 prepaid expenses and deferred charges 556 150 tenant deposits held in trust 393 918 escrow deposits 2,395 1,352 replacement reserve 32,444 37,593 residual receipts 1,697 1,727 total 38,549 43,705”

“Accounts payable and accrued expenses 1,538 2,545 tenant deposits held in trust 898 870 ap-due to dsn board 71,711 74,835 mortgage payable 179,481 172,073 misc. Current payables 194 257 accured interest payable 1,384 1,326”

“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.”