Cedar Corporation

“Expenses office expenses 534 telephone/internet 4,422 labor costs pd by mgmt co 31,320 other taxes 288 other miscellaneous 2,886 bad debt expense 10,051 non-investment depreciation 21,805 total 71,306”

“Accounts receivable 32,050 32,200 land improvements 12,158 12,158 less accumulated depreciation 12,158 12,158 furniture and furnishings 44,843 44,843 less accumulated depreciation 44,722 44,732 equipment 3,515 3,515 less accumulated depreciation 3,515 3,515 total 32,171 32,311”

“Accounts payable and accrued expenses 83,910 158,015 deferred revenue 1,130 1,119 tenant deposits 3,673 3,645 accrued interest 1,820 1,591 hud repayment agreement 18,511 12,355 mortgage and other notes payable 264,656 231,462”

“The maintenance and operation of an 18-unit apartment complex constructed and operated under section 202 of the national housing act for the benefit of emotionally and mentally disabled adults.”