Albanese Cormier Holdings, LLC and Subsidiaries SUPPLEMENTARY INFORMATION SCHEDULE 4 – Rental Activities For the year ended December 31, 2025
Albanese Cormier Holding
Albanese Cormier Holding
ACS II
ACS II
ACS II Muncie
Edison
Edison
Newport Plaza, KY
Newport
ACH Basis
Edison Plaza
Plaza
Plaza
SC
Marketplace
Basis
Income: Lease income, net Lease income-contingent
LLC
KY, LLC
IN, LLC
Step Up
Total
Partners, LLC
Step Up
Partners, LLC Eliminations
Consolidated
$
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
$
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
$
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
$
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
48,519,390 277,896 35,087 120,590 171,600 404,949 56,228 12,154,739 61,740,479
7,616,518
$
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7,616,518
$
(102,616)
$
56,033,292
- -
- -
- - - - -
277,896 35,087 111,398 171,600
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
(9,192)
(9,192)
-
-
3,412,349
3,412,349
15,567,088
- -
- -
(340,084)
64,865 56,228
-
11,019,675
11,019,675
(442,700)
72,317,454
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
395,032
657
657
- - - - - - - - - - - - - - - - - - - - - - -
395,689
4,043
-
-
4,043
1,041,413 163,337
382,081 63,978
382,081 63,978
1,423,494 227,315
169,284
- - -
- - -
169,284
6,050
6,050
72,469
72,469
2,788,913
429,832
429,832
3,218,745
775
775
295
843,043
8,898
8,898
851,941
3,971,992
1,083,030
1,083,030
5,055,022
8,400
340,084
340,084
(340,084)
8,400
49,572 62,545 18,059 102,616 58,847 174,821 848,489 175,409 3,685,538 6,072,505
556
556
50,128 66,464 26,302 56,060 65,544 522,779 848,489 193,137 3,926,353 7,072,544
Office expense Other expense Rent Salaries Simple IRA Expense Security Taxes-other Taxes-payroll Taxes-property Telephone Travel Transportation other Utilities Total expense
3,919 8,243
3,919 8,243
56,060 240,815
56,060 240,815
(102,616)
6,697
6,697
347,958
347,958
-
-
17,728
17,728
1,000,039
1,000,039
10,821 151,516
28,918
28,918
39,739 151,516
- -
- -
1,818,072 1,097,407 23,790,193
1,818,072 1,966,160 28,235,739
868,753
868,753
775
775
295
4,888,246
4,888,246
(442,700)
Operating Income
(775)
(775)
(295)
-
37,950,286
6,131,429
-
6,131,429
-
44,081,715
Other income (expense): Depreciation and amortization expense Depreciation from basis step up Interest expense Gain (Loss) on disposal of assets
- - - - - - - -
- - - - - - - -
- - - - - - - -
-
(17,507,196) (1,810,235) (21,055,210) 14,731,224 1,574,429 (1,562,252)
(1,529,860)
-
(1,529,860) (1,026,396) (1,374,225)
-
(19,037,056) (2,836,631) (22,429,435) 14,731,224 1,574,429 (1,562,252)
(1,810,235)
-
(1,026,396)
-
(1,374,225)
- - - - -
- - - - - - - - - - -
(931,527)
- - -
- - -
Interest and dividend income Income (Loss) on Securities Miscellaneous income Total other income (expense)
- - -
103,435
11,172
11,172
114,607
(2,741,762)
(25,525,805)
(2,892,913)
(1,026,396)
(3,919,309)
(29,445,114)
Income before provision for income taxes Provision for state income taxes Net income (loss) Noncontrolling interest in net income Controlling interest in net income
(775)
(775)
(295)
(2,741,762)
12,424,481
3,238,516
(1,026,396)
2,212,120
14,636,601
-
-
-
-
533,717
36,229
-
36,229
569,946
$
(775)
$
(775)
$
(295)
$
(2,741,762)
$
11,890,764
3,202,287
(1,026,396)
2,175,891 (543,973) 1,631,918
14,066,655
-
-
-
-
(543,973)
$
(775)
$
(775)
$
(295)
$
(2,741,762)
$
11,890,764 $
3,202,287
$
(1,026,396)
$
$
$
13,522,682
See independent accountants’ review report.
42
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