Albanese Cormier Holdings, LLC and Subsidiaries SUPPLEMENTARY INFORMATION SCHEDULE 4 – Rental Activities For the year ended December 31, 2025
Albanese
ACH
ACH Bison
ACH Oak
ACH
Albanese Nederland
Albanese
Albanese
Real Estate
Albanese
Albanese
Albanese
Albanese
McGowin Park Hollow Shopping Brook Square Washburn Street
Real Estate
Real Estate
Investments of
Real Estate
Real Estate
Real Estate
Real Estate
Income: Lease income, net Lease income-contingent
AL, LLC Center MI, LLC MI, LLC
WI, LLC
SPE, LLC Winnie, LLC Investments, LLC Louisiana, LLC Mississippi, LLC Mississippi, LLC Arkansas, LLC Missouri, LLC
$
173,484
$
69,701
$
68,196
$
28,332
$
978,680
$
- - - - - - - - -
$
- - - - - - - - -
$
296,775
$
- - - - - - - - - - - - - - - - - - - - - - - - - - - - -
$
163,934
$
1,313,274
$
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - -
- - - -
- - - -
- - - -
- -
- -
- -
- -
Lease income-termination fee Lease income-straight line rent Sales-residential real estate Tenant expense reimbursement Administrative income Income from Investment in Vidor Crossroads Total income
3,796
(437)
(35,144)
(25,710)
-
-
-
-
74,480
6,755
16,358
8,662
174,977
92,522
17,293
130,098
- -
- -
- -
- -
- -
- -
- -
- -
247,964
76,456
84,554
36,994
1,157,453
388,860
146,083
1,417,662
Expenses: Advertising Bank service charge Cleaning Computer software Cost of residential lots sold Donations Dues and subscriptions Insurance Legal and professional Maintenance and repairs Management fee Meals and entertainment
- -
- -
- -
- -
1,501
- -
1,501
1,984
- -
3,845
-
-
-
-
2,854
485
825
164
14,990
535
- - - - -
16,900
4,275
23,149
- - - -
- - - -
- - - -
- - - -
678
- - - - - - - - - - - - - - - - - - - - - -
- - - -
- - - -
- - - -
- - -
1,337
2,896 8,517 4,355
319
125
118,973
10,754
82,045
24,381
90,846
12,696
8,767 6,691
7,547 2,956
-
-
5,451
329
319
4,585
5,140
76,638
11,594
47,681
7,600
30,718
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - -
- - -
- - -
- - -
- - -
- -
- -
Office expense Other expense Rent Salaries Simple IRA Expense Security Taxes-other Taxes-payroll Taxes-property Telephone Travel Transportation other Utilities Total expense
47
30
- - - - - - -
- - - - - - -
- - - -
- - - - - - -
- - - - -
- - - - - - -
- - - - -
1,003
- -
2,673
272
-
-
35,579
3,631
9,645
6,177
52,542
15,654
18,614
23,577
96,721
- - -
- - - -
- - -
- - -
- - -
- - -
- - -
- - -
330
31,518 297,843
10,453 49,956
1,285
- -
5,071
37,594 283,494
57,606
19,884
26,577
16,969
535
176,633
65,280
4,585
Operating Income
190,358
56,572
57,977
20,025
859,610
(535)
(49,956)
212,227
-
80,803
1,134,168
(4,585)
Other income (expense): Depreciation and amortization expense Depreciation from basis step up Interest expense Gain (Loss) on disposal of assets
(173)
(33)
(33)
(33)
(182,774)
-
(11,328)
(83,296)
-
(74,536)
(569,700)
- - - -
-
-
-
-
-
-
-
-
-
- -
-
(188,336)
(50,059)
(43,651)
(13,794)
(282,155)
- - - - -
- - - - -
(54,111)
-
(334,655)
-
- - - -
- - - -
- - - -
- - - -
-
(1,237)
332,221
- - - -
Interest and dividend income Income (Loss) on Securities Miscellaneous income Total other income (expense)
4,211
41
- - -
- - -
2,795
-
- -
- -
(12,680) (196,978)
(50,092)
(43,684)
(13,827)
(464,929)
-
(11,328)
(137,366)
(1,237)
257,685
(904,355)
2,795
Income before provision for income taxes Provision for state income taxes Net income (loss) Noncontrolling interest in net income Controlling interest in net income
(6,620)
6,480
14,293
6,198
394,681
(535)
(61,284)
74,861
(1,237)
338,488
229,813
(1,790)
-
-
-
-
3,831
-
-
-
-
-
-
-
$
(1,790)
$
(6,620)
$
6,480
$
14,293
$
6,198
$
390,850
$
(535)
$
(61,284)
$
74,861
$
(1,237)
$
338,488
$
229,813
-
-
-
-
$
(6,620)
$
6,480
$
14,293
$
6,198
$
390,850
$
(535)
$
(61,284)
$
74,861
$
(1,237)
$
338,488
$
229,813
$
(1,790)
See independent accountants’ review report.
37
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