- 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]
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Last modified: May 25, 2011