Community Bible School Aka the Homestead

“Gross Rents $14,750. In 2020 Covid19 shut down all of our Bible Conferences and retreats and we ended up temporarily renting out some of our dormitory facilities we lease as personal residences for 2020, 2021, 2022, 2023 and two months in 2024. This was done in order to be able to pay our lease and other operating expenses while Covid19 shut down our Sunday Evening Church Services and our Bible Conferences. In February 2024 we renegotiated our lease to lower our monthly lease amount and after February 2024 we are no longer involved in renting out any residences.”

“Rescue Training and Design Center - Kathmandu, Nepal - $21,109. We accept 10 young destitute women at a time in Nepal and teach them how to sew and run a small sewing business, along with sharing the gospel of Jesus Christ with them. This is a 4 month residential training program in Kathmandu, Nepal owned and operated by Nepali Nationals. We provide the funds for these 10 women to attend this program and we have been doing this for about 16 years now. The program includes room, board, tuition, and medical care. We had two groups of 10 students each in 2024.”

“Description;Amount^Rental Depreciation;492|Rental Repairs;3532|Rental Property Taxes;2373|Rental Telephone and Utilities;1641|Rental Office Supples;90|Rental Insurance;192|Rental Lease;8794|Total Rental Expenses 17114;0|Program Service Depreciation;2460|Program Leasehold Improvements Abandoned;42863|Program Office Supplies;447|Program Supplies;10|Program Licenses;20|Total Program Expenses 45800;0^Total;62914^”

“Prior Period Adjustment - error in calculating depreciation in prior 10 years.”

“Description;EOY Amount^Inventory;0|Equipment;52535|Less Accumulated Depreciation;-51277|Leasehold Improvement;63352|Less Accumulated Depreciation;-35555^Total;29055^”

“Description;EOY Amount^Rental Deposits;0^Total;0^”

“Community Bible School (CBS) previously leased from Greg and Teresa Miller 45 acres, which included a conference center building, two homes, four apartments, a commercial kitchen and dining area. This is where CBS held all of its Bible Conferences, Retreats, and Sunday Evening Church services for the past 25 years.When Covid19 health regulations closed down our Sunday Evening Church services and Bible conferences, CBS realized that the pandemic may last a while and in order to survive financially CBS converted some of the dormitory like buildings to personal residences and rented them out. In 2023 CBS decided to not start up Bible Conferences once again due to health problems (Metastatic Cancer) of the director who is CBS's primary Bible Teacher. The lease was renegotiated in 2024 with Greg and Teresa Miller and changed to only include the one conference building. The lease amount was reduced from $7167. per month plus real estate taxes, bldg repairs, and insurance to $2000.00 per month and no cost for any repairs, real estate taxes, and insurance effective March 1, 2024. The lease was for a one year period only and renewable on a month to month basis. . CBS however had to pay $18,500.00 of past due rent that had accumulated over the past 25 years. Total rent paid in 2024 to Greg and Teresa Miller was $52,754,99 which included the past due rent of $18,500.00. A form 1099 - Misc. was filed reporting this amount.”