Restored Through Christ Ministries

“Form 990-ez, part i, line 8 - additional explanation: on 5/22/15 rtcm sold land for 108,900 with a 5 year installment note of 78,900. The land was given to the ministry in 2004 and had an adjusted basis of 92k. The land sold for 108,900 with 17,214 in closing costs. This net result is a 314 capital loss. Although the installment sale is not reportable due the overall loss, the organization has included the note's principal payments of 40,691 through the balance sheet. On 1/12/18 a final payment of 41,907 was received. This payment secured the note's remaining balance (including interest and principal). Since the balance of the note was paid off early, no future information will be reported or included with the annual filing of the tax returns.”

“Expenses donations 856 total 856”

“Land sale note 40,691 0 total 40,691 0”

“To teach, administer and counsel the word of god to the wounded and broken-hearted for the purporse of restoring spiritual and emotional wholeness and healing.”