- 6 - Other expenses: Administrative fees 41,006 Consultation fees 26,886 Food 38,753 Laundry 4,129 Medical services 2,417 Maintenance/operations 59,855 Phone 890 Business use of home 5,036 Total $508,072 Net profit $16,662 The Carey 1995 return shows a net operating loss carryover of $11,311. The return does not identify any income as having been received from the trust. Trust Declaration The trust was created by a declaration of trust (the trust declaration) dated May 24, 1994. In pertinent part, the trust declaration provides as follows: [Begin cover page] * * * * * THIS DOCUMENT IS CREATED UNDER COMMON LAW RIGHT OF CONTRACT IN WASHINGTON D.C. RESIDENTIAL MANAGEMENT SERVICES A Trust Organization and/or Pure Trust executed Under The Constitutional Laws of the United States of America * * * * * [End cover page]Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011