Country Trend Inc. 2107 Ellenton Rd

“Expenses interest on mortgage payable 14,975 office expense 2,472 other expenses 92 supplies 2,365 non-investment depreciation 7,413 total 27,317”

“Accounts receivable 2,394 0 prepaid expenses and deferred charges 128 513 tenant deposits held in trust 1,106 1,082 escrow deposits 1,609 2,866 replacement reserve 42,766 47,931 residual receipts 1,787 10,037 total 49,790 62,429”

“Accounts payable and accrued expenses 2,276 5,334 deferred revenue 1,588 0 tenant deposits held in trust 871 1,082 ap-due to dsn board 83,023 0 mortgage payable 163,701 155,043 misc. Current payables 257 0 accured interest payable 1,264 0 advances from project owner 0 87,382”

“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.”