- 133 -
8/31/77 8/31/78 8/31/79 8/31/80 8/31/81
Tanglewood
Income -- -- -- $246,059 $818,591
Deductions -- -- -- (241,573) (1,122,339)
Net -- -- -- 4,486 (303,748)
NOL -- -- -- -- –-
Taxable -- -- -- 4,486 (303,748)
Holding Co.
Income
Dividends -- $118,940 $35,069 30,773 78,130
Interest -- 284,413 449,889 182,802 80,077
Gross rents -- 182,357 264,538 264,338 264,938
Capital Gain -- (35,277) 272,693
Partnerships -- (118,638) 58,819 (240,878) (405,693)
Commissions -- 92,792 63,788 75,000 344,175
Consulting fees -- -- -- -- 150,000
Condo conversion -- -- -- 579,394 --
Other 59,852 --
Total 524,587 872,103 1,223,974 511,627
Deductions
Bad debts -- -- -- -- 799,552
Interest -- 176,936 477,517 372,691 1,160,279
Depreciation -- 442,276 315,911 225,651 161,179
Commissions
Consulting -- -- -- 15,000 600
Legal & profess. -- -- 5,796 15,297 2,689
Other -- 2,541 252 2,342 14,192
Total -- 621,753 799,476 630,981 2,138,491
Net Income -- (97,166) 72,627 592,993 (1,626,864)
NOL –- --(209,008) (166,190) --
Special ded. -- (112,776) (29,809) (26,157) (66,950)
Taxable Income -- (209,942) (166,190) 400,646 (1,693,814)
Holding Co.
Assets -- -- -- -- --
Cash 27,199 3,012 (14,850) 31,613 (590,353)
Dividends receiv. -- 77,847 -- -- --
Mortgage Loan -- 94,479 14,479 -- --
Loans
Stockholders 161,500 197,638 40,316 -- --
Subsidiaries
Others 2,371,000 5,325,153 12,188,227 15,378,662 4,228,168
Page: Previous 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 NextLast modified: May 25, 2011