FINANCIAL RESULTS
Albanese Cormier Holdings, LLC and Subsidiaries NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Years ended December 31, 2025 and 2024
2. Nature of Relationship with Edison Plaza Partners, LLC, continued that Albanese Cormier Holdings, LLC would be committed to make to Edison Plaza Partners, LLC to be eliminated from the consolidated financial statement disclosures. The consolidated balance sheet includes amounts attributed to Edison Plaza Partners, LLC including $40,723,556 and $43,030,008 in assets at December 31, 2025 and 2024, respectively, consisting mainly in cash and land and buildings. Liabilities consist of accounts payable and a bank loan secured by land, buildings and other items (see Note 12) for a total of $34,187,400 and $35,199,250 at December 31, 2025 and 2024, respectively. The bank has no recourse to the general credit of Albanese Cormier Holdings, LLC. Due to the fact that Albanese Cormier Holdings, LLC has partial direct ownership interest in Edison Plaza Partners, LLC, then the portion that is not owned in Edison Plaza Partners, LLC is referred to as the “noncontrolling interest” in the consolidated financial statements. 3. Investment in Vidor Crossroads, LLC The Company is a member of Vidor Crossroads, LLC, a limited liability company created in January 2014. Vidor Crossroads, LLC was created to hold real property and any related debt associated with the purchase of a commercial real estate building. Vidor Crossroads, LLC leases the real property to tenants and the leasing arrangement requires tenants to make monthly lease payments to them. Albanese Cormier Holdings, LLC formed Vidor ACH, LLC, in 2014 to hold their 10 percent interest in Vidor Crossroads, LLC. Vidor ACH, LLC will operate and manage the leasing activities of Vidor Crossroads, LLC through a management agreement and will be paid a monthly fee based on gross revenue. Vidor ACH, LLC will also share 10 percent interest in the net operating income of Vidor Crossroads, LLC. Due to the existence of the aforementioned items, the investment in Vidor Crossroads, LLC was recorded at cost and the carrying amount is increased or decreased with the Company’s proportionate share of the profits or losses, using the equity method of accounting. The condensed results of operations, financial position and the Company’s ownership in Vidor Crossroads, LLC as of December 31, 2025 are as follows:
Net Income (Loss) $562,283
Company Ownership
Assets
Liabilities
Revenues
Net Assets $1,356,356
$2,374,595 $1,018,239 $1,113,909
10%
17
85 AlbaneseCormier® | 2025 Annual Report
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