Albanese Cormier Holdings, LLC and Subsidiaries SUPPLEMENTARY INFORMATION SCHEDULE 4 – Rental Activities For the year ended December 31, 2025
Albanese
ACH Indian
ACH
ACH
ACH
ACH
ACH
Cormier 365
Sweetwater
Beaumont
Twin City
2325 Calder
Stillwater
Colonnade Shopping 6310 Beaumont
Legacy North
Management
Cedar
Center, LLC Westmont, LLC Warehouse, LLC
LLC
Springs, LLC Estates TX, LLC Center TX, LLC TX, LLC
TX, LLC
LLC
Place, LLC
Income:
Property, LLC
Lease income, net
$
51,356
$
83,976 16,160
$
1,444,469
$
119,030
$
4,291
$
- - - - - - -
$
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
$
1,347,832
$
406,846
$
186,101
$
- - - - - -
$
178,208
Lease income-contingent Lease income-termination fee Lease income-straight line rent Sales-residential real estate Tenant expense reimbursement
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
81,843
- -
- -
- -
- -
- - - -
-
-
-
1,087
(17,587)
(54,098)
(1,167)
(47,200)
114,209
47,074
(17,443)
-
-
-
-
171,600
-
-
-
1,089
380,550
36,382
1,500
473,351
105,883
61,300
22,748
Administrative income
- -
- -
- -
- -
- -
- -
- -
404,949 56,228 461,177
- -
Income from Investment in Vidor Crossroads
Total income
51,356
83,638
1,852,764
154,245
(41,409)
171,600
1,935,392
559,803
247,401
184,600
Expenses: Advertising
- -
1,988
1,501
- -
- - - -
1,988
- - - - - - -
- - - - - -
293,460
- - - - - - -
Bank service charge
15
- - - - - -
-
648
Cleaning
2,001
12,756
215
32,738
3,047
-
Computer software
- - - -
313
- - -
27
155,391
Cost of residential lots sold
- - -
169,284
- -
-
Donations
- -
6,050
Dues and subscriptions
85
751
70,672 158,794 576,396
Insurance
57
8,880
105,268 25,363 81,912
21,012
5,920 3,291
944
106,048
20,125
846
6,223
Legal and professional Maintenance and repairs
-
-
- - - - - - - - - - - - - - - -
(470)
5,864
434
1,903
164
16,313
14,516
79,350
76,098
23,858
22,105
6,045 8,400
13,701
Management fee
- -
- -
- - - - - - - - - - - - - -
- -
- -
- -
- -
- -
Meals and entertainment
49,572 58,333 18,059 102,616
Office expense Other expense
75
346
71
9
157
- - - - -
95
- - - - - - -
- - - -
- - - - - - -
- - - -
- - - - - - -
- - - - - - -
Rent
Salaries
3,625,828
Simple IRA Expense
58,847
Security
904
6,002
4,051
2,001
Taxes-other Taxes-payroll Taxes-property
- -
- -
- -
823,744 171,474 10,209 151,470 1,905
14,517
290,021
15,370
8,858
11,637
180,329
47,325
41,968
15,755
Telephone
- -
- -
- -
612
- -
- -
- -
Travel
-
Transportation other
-
-
-
-
- -
- -
1,818,072
-
Utilities
-
2,267
24,301 543,187
3,583
30,153 440,619
-
10,897 46,835
Total expense
57
44,053
52,399
101,373
181,865
(470)
91,899
73,920
8,167,986
Operating Income
51,299
39,585
1,309,577
101,846
(142,782)
(10,265)
470
1,494,773
467,904
173,481
(7,706,809)
137,765
Other income (expense): Depreciation and amortization expense
- - - - - - -
(34,072)
(446,956)
(18,060)
(26,538)
- - - - - -
- - - - - - -
(730,556)
(101,532)
(61)
(485,809)
(31,666)
Depreciation from basis step up
- -
-
- - - - - -
- - - - - -
-
-
-
-
-
Interest expense
(383,280)
(210,228)
(229,908)
(215,115)
(1,821,104)
(39,331)
Gain (Loss) on disposal of assets Interest and dividend income Income (Loss) on Securities
463,257
-
-
- - - -
-
-
2,092,589
- - -
24
95
4,869
810,170
- -
- -
- -
- -
(1,562,252)
Miscellaneous income
30,674 30,674
24,092
-
Total other income (expense)
-
429,185
(830,212)
(18,060)
(26,538)
(940,689)
(331,440)
(210,307)
(3,034,903)
2,021,592
Income before provision for income taxes
51,299
468,770
479,365
83,786
(169,320)
20,409
470
554,084
136,464
(36,826)
(10,741,712)
2,159,357
Provision for state income taxes
170
277
6,133
511
-
670
-
6,406
1,853
-
136,224
-
Net income (loss)
$
51,129
$
468,493
$
473,232
$
83,275
$
(169,320)
$
19,739
$
470
$
547,678
$
134,611
$
(36,826)
$ (10,877,936) $
2,159,357
Noncontrolling interest in net income Controlling interest in net income
-
-
-
-
-
-
-
-
$
51,129
$
468,493
$
473,232
$
83,275
$
(169,320)
$
19,739
$
470
$
547,678
$
134,611
$
(36,826)
$ (10,877,936) $
2,159,357
See independent accountants’ review report.
35
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