Lamar Haven Inc.

“Expenses office supplies 703 telephone, internet, & misc 1,788 property & liab insurance 2,442 operating & maint supplie 4,151 maintenance contracts 194 garbage and trash removal 2,340 vehicle maintenance 1,694 misc maintenance expenses 1,823 utilities 7,729 misc 783 non-investment depreciation 12,185 total 35,832”

“Accounts receivable 50 50 land improvements 54,173 54,173 building 277,711 277,711 building eqpt - portable 8,249 10,093 furniture for project use 12,846 12,846 office furniture and eqpt 9,293 9,985 accumulated depr - bulk 0 0 less accumulated depreciation 199,460 211,645 escrow & restricted reserve accounts 0 0 tenant security deposits acct 1,049 996 insurance escrow acct 1,473 1,165 reserve for replacements acct 11,509 14,898 residual receipts reserve acct 11,841 15,650 total 188,734 185,922”

“Accounts payable and accrued expenses 153 772 deferred revenue 131 0 tenant security deposits 995 945 mortgage and other notes payable 300,800 300,800”

“Group home financed primarily by a u. S. Dept of hud section 811 capital advance agreement. The home serves as the residence for 6 mentally retarded persons. Tenants have their rents subsidized in part by a section 811 subsidy. During fy 2015, the group home encountered a 94% occupancy rate.”