Country Trend Inc. 2107 Ellenton Rd

“Expenses interest on mortgage payable 12,909 office expense 2,703 supplies 3,451 non-investment depreciation 8,085 total 27,148”

“Prepaid expenses and deferred charges 198 200 tenant deposits held in trust 1,039 1,255 escrow deposits 1,122 1,256 replacement reserve 53,126 58,343 residual receipts 16,593 16,593 total 72,078 77,647”

“Accounts payable and accrued expenses 18,109 13,651 tenant deposits held in trust 1,039 1,255 ap-due to dsn board 0 0 mortgage payable 145,276 134,568 misc. Current payables 0 0 accured interest payable 0 0 advances from project owner 87,382 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.”