- 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 4,228,168Page: Previous 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 Next
Last modified: May 25, 2011