BREVARD HOMELESS COALITION INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
BREVARD HOMELESS COALITION INC (EIN 47-1533071)
Tax period
2016-10-01 to 2017-09-30
Filed
2018-06-25
IRS object ID
201811769349300616
Schema version
2016v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-06-25T10:23:21-04:00ReturnTs
Tax Period End2017-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN592046542PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DAVIES HOUSER & SECREST CPA PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 129AddressLine1Txt
CityCOCOACityNm
State AbbreviationFLStateAbbreviationCd
ZIP329230129ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471533071EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BREVARD HOMELESS COALITION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBREVBusinessNameControlTxt
Phone3216312743PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16905 N WICKHAM RD SUITE 301AddressLine1Txt
CityMELBOURNECityNm
State AbbreviationFLStateAbbreviationCd
ZIP32940ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAWN HANNONPersonNm
Person TitleTREASURERPersonTitleTxt
Phone3216312743PhoneNum
Signature2018-02-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEPHEN A ELLIS CPAPreparerPersonNm
PTINP00039864PTIN
Phone3216360426PhoneNum
Preparation2018-05-16PreparationDt
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKEN STACKPOOLEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16905 N WICKHAM RD STE 301AddressLine1Txt
CityMELBOURNECityNm
State AbbreviationFLStateAbbreviationCd
ZIP32940ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$563,880GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTHE MISSION OF THE BREVARD HOMELESS COALITION IS TO PROVIDE A FRAMEWORK OF SERVICES TO PREVENT AND ELIMINATE HOMELESSNESS IN BREVARD COUNTY.ActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$220,739PYContributionsGrantsAmt
CY Contributions Grants$563,880CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$4,868PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$225,607PYTotalRevenueAmt
CY Total Revenue$563,880CYTotalRevenueAmt
PY Grants And Similar Paid$105,472PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$427,303CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$27,528PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$109,862CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$81,774PYOtherExpensesAmt
CY Other Expenses$17,892CYOtherExpensesAmt
PY Total Expenses$214,774PYTotalExpensesAmt
CY Total Expenses$555,057CYTotalExpensesAmt
PY Revenues Less Expenses$10,833PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$8,823CYRevenuesLessExpensesAmt
Total Assets BOY$89,500TotalAssetsBOYAmt
Total Assets EOY$48,892TotalAssetsEOYAmt
Total Liabilities BOY$64,810TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,995TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$24,690NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$43,897NetAssetsOrFundBalancesEOYAmt
MissionTHE MISSION OF THE BREVARD HOMELESS COALITION IS TO PROVIDE A FRAMEWORK OF SERVICES TO PREVENT AND ELIMINATE HOMELESSNESS IN BREVARD COUNTY.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$507,355ExpenseAmt
Grant$427,303GrantAmt
Revenue$563,880RevenueAmt
DescTHE BREVARD HOMELESS COALITION IS A HUD-DESIGNATED LEAD AGENCY FOR THE BREVARD COUNTY CONTINUUM OF CARE, RESPONSIBLE FOR MANAGING ALL MATTERS REGARDING HOMELESSNESS IN BREVARD COUNTY, FLORIDA. THIS INCLUDES, BUT IS NOT LIMITED TO MANAGING 1) THE COORDINATED ENTRY PROCESS, 2) APPLYING FOR, RECEIVING, REPORTING, MEASURING AND MONITORING ALL RELEVANT FEDERAL AND STATE HOMELESS GRANTS, AND 3) COORDINATING RELEVANT COMMUNITY-WIDE COLLABORATIONS IN THE AREAS OF HEALTH CARE, EDUCATION, EMPLOYMENT, CHILD CARE, AND LAW ENFORCEMENT.Desc
Total Program Service Expenses$507,355TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee3EmployeeCnt
Employment Tax Returns FiledfalseEmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1UNITED WAY OF BREVARDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3216312740PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1937 DIXON BLVDAddressLine1Txt
CityCOCOACityNm
State AbbreviationFLStateAbbreviationCd
ZIP32922ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MARK BROMS
EXECUTIVE DI40.00Yes (X)Yes (X)$29,808$0$0
LYNN COWART
VICE PRESIDE1.00Yes (X)Yes (X)$0$0$0
DAWN HANNON
TREASURER1.00Yes (X)Yes (X)$0$0$0
JIM MCKNIGHT
SECRETARY1.00Yes (X)Yes (X)$0$0$0
KEN STACKPOOLE
PRESIDENT4.00Yes (X)Yes (X)$0$0$0
MICHELLE AUCLAIR
DIRECTOR1.00Yes (X)$0$0$0
ROB CRAMP
DIRECTOR1.00Yes (X)$0$0$0
LIBBY DONOGHUE
DIRECTOR1.00Yes (X)$0$0$0
YVONNE MINUS
DIRECTOR1.00Yes (X)$0$0$0
KATHY MEEHAN
DIRECTOR1.00Yes (X)$0$0$0
PATRICK HEALY
DIRECTOR1.00Yes (X)$0$0$0
AUSTIN HELTON
DIRECTOR1.00Yes (X)$0$0$0
HERB HERNANDEZ
DIRECTOR1.00Yes (X)$0$0$0
MARIA BLEDSOE
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$29,808TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$552,174GovernmentGrantsAmt
All Other Contributions$11,706AllOtherContributionsAmt
Total Contributions$563,880TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$563,880TotalRevenueColumnAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$427,303TotalAmt
Program Services$427,303ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$102,046TotalAmt
Program Services$71,432ProgramServicesAmt
Management And General$30,614ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$7,816TotalAmt
Program Services$5,471ProgramServicesAmt
Management And General$2,345ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,017TotalAmt
Management And General$3,017ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,600TotalAmt
Management And General$6,600ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$2,153TotalAmt
Program Services$1,507ProgramServicesAmt
Management And General$646ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$528TotalAmt
Program Services$528ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,427TotalAmt
Management And General$1,427ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,592TotalAmt
Program Services$1,114ProgramServicesAmt
Management And General$478ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescBUSINESS REGISTRATION FEEDesc
Total$2,575TotalAmt
Management And General$2,575ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$555,057TotalAmt
Program Services$507,355ProgramServicesAmt
Management And General$47,702ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$89,500BOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$48,892EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$89,500BOYAmt
EOY$48,892EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$64,810BOYAmt
EOY$4,995EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$64,810BOYAmt
EOY$4,995EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$24,690BOYAmt
EOY$43,897EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$24,690BOYAmt
EOY$43,897EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$89,500BOYAmt
EOY$48,892EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$8,823ReconcilationRevenueExpnssAmt
Prior Period Adjustments$10,384PriorPeriodAdjustmentsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$220,739CurrentTaxYearMinus1YearAmt
Current Tax Year$563,880CurrentTaxYearAmt
Total$784,619TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$220,739CurrentTaxYearMinus1YearAmt
Current Tax Year$563,880CurrentTaxYearAmt
Total$784,619TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$784,619PublicSupportTotal170Amt
Total Support$784,619TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule D IRS990ScheduleD

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
PAYROLL LIABILITIES$4,095
OTHER LIABILITIES$900
FieldValueIRS element (for citing)
Total Liability$4,995TotalLiabilityAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Recipient Table RecipientTable (12 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmt
211 BREVARD INC
1007 PATHFINDER WAY STE 120ROCKLEDGEFL32955591897447$60,507
NORTH BREVARD CHARITIES SHARING
4475 S HOPKINS AVETITUSVILLEFL32780593079635$18,903
BREVARD CARES
4085 S US 1ROCKLEDGEFL32955271095348$72,211
FAMILY PROMISE OF BREVARD
3505 MURRELL RDROCKLEDGEFL32955331170962$67,544
CATHOLIC CHARITIES OF CENTRAL FL
1819 N SEMORAN BLVDORLANDOFL32807591214353$36,298
CROSSWINDS
1407 DIXON BLVDCOCOAFL32922237376943$29,894
DEPARTMENT AND CHILDREN AND FAMILY
1317 WINEWOOD BLVDTALLAHASSEEFL32399593458463$18,998
GENESIS HOUSE
814 MELBOURNE AVEMELBOURNEFL32902591595818$27,231
HOUSING FOR HOMELESS
4087 US HWY 2 SUITE 3ROCKLEDGEFL32955592981409$27,622
SOUTH BREVARD SHARING CENTER
17 E HIBISCUS BLVDMELBOURNEFL32901591604414$19,500
VOLUNTEERS OF AMERICA FLORIDA
405 CENTRAL AVE STE 100ST PETERSBURGFL33701581856992$23,230
SOUTH BREVARD'S WOMEN CENTER
1565 SARNO RD UNIT CMELBOURNEFL32935591628264$16,615

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BA COPY OF THE DRAFT FORM 990 IS WORKED ON BY BY THE EXECUTIVE DIRECTOR, THE OUTSIDE CPA AND THE TREASURER. THE FORM 990 IS THEN REVIEWED BY ALL MEMBERS OF THE BOARD BEFORE IT IS FILED WITH THE IRS.
FORM 990, PAGE 6, PART VI, LINE 12CTHE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST DURING THE BOARD MEETINGS AND REFRAIN FROM VOTING ON ANY ISSUE WHERE A CONFLICT OF INTEREST EXISTS.
FORM 990, PAGE 6, PART VI, LINE 15ATHE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY COMPARING SIMULAR ORGANIZATION'S COMPENSATION THROUGH USE OF INDEPENDENT DATA SUCH AS GUIDESTAR.COM. RECOMENDATION OF COMPENSATION CHANGES ARE PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL.
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990 CAN ALSO BE VIEWED ON WWW.GUIDESTAR.COM.
FORM 990, PART XI, LINE 9SUBSEQUENT TO THE FILING OF THE PRIOR YEAR TAX RETURN AN ADJUSTMENT WAS MADE TO INCREASE PREPAID ADVANCE AND INCREASE GRANT INCOME. THIS ADJUSTMENT RESULTED IN A DIFFERENCE OF 10,384 IN BEGINNING NET ASSETS. AFTER THE ADJSUTMENT, THE BEGINNING NET ASSETS EQUALS 35,074.

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