Stratton Homes Inc.

“Expenses office expense 8,815 convention and meetings 110 workmans comp insurance 140 other expenses 366 bond insurance 490 supplies 1,451 other taxes and insurance 664 non-investment depreciation 14,825 total 26,861”

“Accounts receivable 1,270 1,114 prepaid expenses and deferred charges 2,344 4,113 0 0 less accumulated depreciation 0 0 replacement reserve 37,035 32,055 escrow deposits 43 702 tenant deposits held in trust 0 854 total 40,692 38,838”

“Accounts payable and accrued expenses 43,148 38,236 bank overdraft-operations 0 243 tenant security deposits 0 854”

“Stratton homes, inc. Operates two residential group houses located in lugoff, south carolina for persons with intellectual and developmental disabilities. The organization constructed the homes using financing provided by section 811 of the cranston-gonzales national affordable housing act that provides capital advances to nonprofit owners of housing occupied by disabled persons between the ages of 18 and 62.”

“The executive director is paid a salary through the kershaw county dsn. The hud project is not billed for this salary, therefore, it is not reported on form 990ez.”