Stratton Homes Inc.

“Expenses office expense 1,616 fidelity bond insurance 95 supplies 601 miscellaneous admin exp 8,770 other taxes/insurance exp 1,326 non-investment depreciation 18,130 total 30,538”

“Prior period adjustment -5,663”

“Accounts receivable 158 166 prepaid expenses and deferred charges 0 812 replacement reserve 53,709 23,501 escrow deposits 6,839 13,547 tenant deposits held in trust 1,747 1,747 residual receipts reserve 2,248 2,249 restricted invest replacement res 10,598 0 total 75,299 42,022”

“Accounts payable and accrued expenses 59,669 3,072 tenant security deposits 1,747 1,747 advances from project owner 27,395 27,395”

“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 related organization, kershaw county dsnb. The hud project is not billed for this salary, therefore, it is not reported on form 990ez.”