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          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT EDUCATION</PurposeOfGrantOrContribution>
          <Amount>200000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SACRED HEART FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5149 N 9TH AVE 1137</AddressLine1>
            <City>PENSACOLA</City>
            <State>FL</State>
            <ZIPCode>32504</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>COMMUNITY DEVELOPMENT</PurposeOfGrantOrContribution>
          <Amount>635000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>895030</TotGrantOrContriPaidDuringYear>
        <GrantOrContriApprovedForFuture>
          <RecipientBusinessName>
            <BusinessNameLine1>FSU COLLEGE OF MOTION PICTURE 30-A FILM INITIATIVE - CHRIS CORR HONORARY GR</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 3062350</AddressLine1>
            <City>TALLAHASSEE</City>
            <State>FL</State>
            <ZIPCode>32306</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT EDUCATION</PurposeOfGrantOrContribution>
          <Amount>20789</Amount>
        </GrantOrContriApprovedForFuture>
        <GrantOrContriApprovedForFuture>
          <RecipientBusinessName>
            <BusinessNameLine1>NATIONAL FLIGHT ACADEMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>ONE FETTERMAN WAY</AddressLine1>
            <City>PENSACOLA</City>
            <State>FL</State>
            <ZIPCode>32508</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>COMMUNITY DEVELOPMENT</PurposeOfGrantOrContribution>
          <Amount>1050000</Amount>
        </GrantOrContriApprovedForFuture>
        <GrantOrContriApprovedForFuture>
          <RecipientBusinessName>
            <BusinessNameLine1>PAM SELTON HONORARY AWARD JR MUSEUM OF BAY COUNTY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1731 JENKS AVE</AddressLine1>
            <City>PANAMA CITY</City>
            <State>FL</State>
            <ZIPCode>32459</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>COMMUNITY DEVELOPMENT</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriApprovedForFuture>
        <GrantOrContriApprovedForFuture>
          <RecipientBusinessName>
            <BusinessNameLine1>SACRED HEART FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5149 N 9TH AVE 1137</AddressLine1>
            <City>PENSACOLA</City>
            <State>FL</State>
            <ZIPCode>32504</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>COMMUNITY DEVELOPMENT</PurposeOfGrantOrContribution>
          <Amount>2700000</Amount>
        </GrantOrContriApprovedForFuture>
        <TotGrantOrContriApprovedFuture>3795789</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <ProgramServiceRevenuePartVII>
          <Description>FEE ASSESSMENT</Description>
          <RelatedOrExemptFunctionIncome>787822</RelatedOrExemptFunctionIncome>
        </ProgramServiceRevenuePartVII>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>1565</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <NetRntlIncmReNotDebtFincdProp>
          <RelatedOrExemptFunctionIncome>20255</RelatedOrExemptFunctionIncome>
        </NetRntlIncmReNotDebtFincdProp>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>43</ExclusionCode>
          <ExclusionAmount>22</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>0</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>1587</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>808077</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>809664</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <RlnOfActyToAccomOfExemptPrps>
        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>1A</LineNumber>
          <RelationshipStatement>THE FEE ASSESSMENT IS AN AMOUNT COLLECTED ON THE SALE OF ALL HOMES. THIS MONEY IS THEN CONTRIBUTED TO ORGANIZATIONS IN THE COUNTIES FROM WHICH IT CAME. EXAMPLES INCLUDE PROVIDING MONEY TO LOCAL SCHOOLS AND PROVIDING SUPPORT TO IMPROVE LIVING CONDITIONS FOR PEOPLE IN THESE COUNTIES. THE FEE ASSESSMENT IS MADE TO SUPPORT THE CHARITABLE PURPOSES OF THE FOUNDATION AND DOES NOT CONSTITUTE NET INVESTMENT INCOME.</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>5B</LineNumber>
          <RelationshipStatement>SUBLEASE OF OFFICE FACILITY UNTIL TERM OF LEASE IS EXPIRED.</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
      </RlnOfActyToAccomOfExemptPrps>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>0</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
        <LoansOrLoanGuarantees>0</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>0</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>0</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>0</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFees>
        <Category>ACCOUNTING</Category>
        <Amount>11878</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc2203000001">
      <Depreciation>
        <DescriptionOfProperty>COMPUTER</DescriptionOfProperty>
        <DateAcquired>2004-02-13</DateAcquired>
        <CostOrOtherBasis>1842</CostOrOtherBasis>
        <PriorYearsDepreciation>1842</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>5.000000000000</Life>
        <CurrentYearExpense>0</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>CAMERA</DescriptionOfProperty>
        <DateAcquired>2004-04-02</DateAcquired>
        <CostOrOtherBasis>549</CostOrOtherBasis>
        <PriorYearsDepreciation>549</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>5.000000000000</Life>
        <CurrentYearExpense>0</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>COMPUTER</DescriptionOfProperty>
        <DateAcquired>2004-08-12</DateAcquired>
        <CostOrOtherBasis>985</CostOrOtherBasis>
        <PriorYearsDepreciation>985</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>5.000000000000</Life>
        <CurrentYearExpense>0</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>COMPUTER HUTCH</DescriptionOfProperty>
        <DateAcquired>2005-08-11</DateAcquired>
        <CostOrOtherBasis>1386</CostOrOtherBasis>
        <PriorYearsDepreciation>866</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>198</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>COMPUTER HUTCH</DescriptionOfProperty>
        <DateAcquired>2005-08-11</DateAcquired>
        <CostOrOtherBasis>1042</CostOrOtherBasis>
        <PriorYearsDepreciation>653</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>149</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>CONFIGURATION DESK</DescriptionOfProperty>
        <DateAcquired>2005-08-11</DateAcquired>
        <CostOrOtherBasis>1616</CostOrOtherBasis>
        <PriorYearsDepreciation>1011</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>231</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>DECORATIVE DESK</DescriptionOfProperty>
        <DateAcquired>2005-08-11</DateAcquired>
        <CostOrOtherBasis>924</CostOrOtherBasis>
        <PriorYearsDepreciation>577</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>132</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>COMPUTER CREDENZA</DescriptionOfProperty>
        <DateAcquired>2005-08-11</DateAcquired>
        <CostOrOtherBasis>1386</CostOrOtherBasis>
        <PriorYearsDepreciation>866</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>198</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>POTOMAC LOVESEAT</DescriptionOfProperty>
        <DateAcquired>2005-08-18</DateAcquired>
        <CostOrOtherBasis>1452</CostOrOtherBasis>
        <PriorYearsDepreciation>907</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>11</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>TANNERY TASK CHAIR</DescriptionOfProperty>
        <DateAcquired>2005-08-18</DateAcquired>
        <CostOrOtherBasis>887</CostOrOtherBasis>
        <PriorYearsDepreciation>555</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>91</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>MAP SIDE TABLE</DescriptionOfProperty>
        <DateAcquired>2005-08-18</DateAcquired>
        <CostOrOtherBasis>524</CostOrOtherBasis>
        <PriorYearsDepreciation>328</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>75</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>COPPER TOP TABLE</DescriptionOfProperty>
        <DateAcquired>2005-08-18</DateAcquired>
        <CostOrOtherBasis>363</CostOrOtherBasis>
        <PriorYearsDepreciation>227</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>51</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>CHECKERS CHAIR</DescriptionOfProperty>
        <DateAcquired>2005-08-18</DateAcquired>
        <CostOrOtherBasis>807</CostOrOtherBasis>
        <PriorYearsDepreciation>504</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>115</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>CAMDEN TRESTLE TABLE</DescriptionOfProperty>
        <DateAcquired>2005-08-19</DateAcquired>
        <CostOrOtherBasis>599</CostOrOtherBasis>
        <PriorYearsDepreciation>375</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>85</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>CAMDEN HUTCH</DescriptionOfProperty>
        <DateAcquired>2005-08-19</DateAcquired>
        <CostOrOtherBasis>465</CostOrOtherBasis>
        <PriorYearsDepreciation>290</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>66</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>CAMDEN SIDEBOARD</DescriptionOfProperty>
        <DateAcquired>2005-08-19</DateAcquired>
        <CostOrOtherBasis>599</CostOrOtherBasis>
        <PriorYearsDepreciation>375</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>85</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>CAMELBACK ARMCHAIR (2)</DescriptionOfProperty>
        <DateAcquired>2005-08-19</DateAcquired>
        <CostOrOtherBasis>265</CostOrOtherBasis>
        <PriorYearsDepreciation>166</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>38</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>CAMELBACK SIDE CHAIRS</DescriptionOfProperty>
        <DateAcquired>2005-08-19</DateAcquired>
        <CostOrOtherBasis>580</CostOrOtherBasis>
        <PriorYearsDepreciation>363</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>83</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>CAMELBACK SIDE CHAIR (4)</DescriptionOfProperty>
        <DateAcquired>2005-08-19</DateAcquired>
        <CostOrOtherBasis>416</CostOrOtherBasis>
        <PriorYearsDepreciation>259</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>59</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>LOGAN X-BACK ARM CHAIR (2)</DescriptionOfProperty>
        <DateAcquired>2005-08-19</DateAcquired>
        <CostOrOtherBasis>396</CostOrOtherBasis>
        <PriorYearsDepreciation>249</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>56</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>EXECUTIVE LINEN DESK CHAIR (2)</DescriptionOfProperty>
        <DateAcquired>2005-08-19</DateAcquired>
        <CostOrOtherBasis>480</CostOrOtherBasis>
        <PriorYearsDepreciation>301</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>4</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>LAMP W/ SHADE</DescriptionOfProperty>
        <DateAcquired>2005-08-19</DateAcquired>
        <CostOrOtherBasis>70</CostOrOtherBasis>
        <PriorYearsDepreciation>44</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>10</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>REFRIGERATOR</DescriptionOfProperty>
        <DateAcquired>2005-09-08</DateAcquired>
        <CostOrOtherBasis>145</CostOrOtherBasis>
        <PriorYearsDepreciation>90</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>15</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>TRAVEL DRIVE 1G</DescriptionOfProperty>
        <DateAcquired>2005-10-14</DateAcquired>
        <CostOrOtherBasis>86</CostOrOtherBasis>
        <PriorYearsDepreciation>72</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>5.000000000000</Life>
        <CurrentYearExpense>14</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>LASERJET PRINTER</DescriptionOfProperty>
        <DateAcquired>2005-10-14</DateAcquired>
        <CostOrOtherBasis>5288</CostOrOtherBasis>
        <PriorYearsDepreciation>4452</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>5.000000000000</Life>
        <CurrentYearExpense>836</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>IP PHONE</DescriptionOfProperty>
        <DateAcquired>2005-10-14</DateAcquired>
        <CostOrOtherBasis>412</CostOrOtherBasis>
        <PriorYearsDepreciation>346</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>5.000000000000</Life>
        <CurrentYearExpense>65</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>FILE CABINET</DescriptionOfProperty>
        <DateAcquired>2005-11-07</DateAcquired>
        <CostOrOtherBasis>767</CostOrOtherBasis>
        <PriorYearsDepreciation>457</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>110</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>STORAGE CABINET</DescriptionOfProperty>
        <DateAcquired>2005-11-07</DateAcquired>
        <CostOrOtherBasis>130</CostOrOtherBasis>
        <PriorYearsDepreciation>78</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>19</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>FILE CABINET</DescriptionOfProperty>
        <DateAcquired>2005-11-07</DateAcquired>
        <CostOrOtherBasis>360</CostOrOtherBasis>
        <PriorYearsDepreciation>213</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>51</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>SAFE</DescriptionOfProperty>
        <DateAcquired>2005-11-07</DateAcquired>
        <CostOrOtherBasis>372</CostOrOtherBasis>
        <PriorYearsDepreciation>221</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>53</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>OFFICE CHAIR</DescriptionOfProperty>
        <DateAcquired>2005-11-21</DateAcquired>
        <CostOrOtherBasis>1218</CostOrOtherBasis>
        <PriorYearsDepreciation>725</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>174</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>CALCULATOR</DescriptionOfProperty>
        <DateAcquired>2005-11-28</DateAcquired>
        <CostOrOtherBasis>41</CostOrOtherBasis>
        <PriorYearsDepreciation>33</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>5.000000000000</Life>
        <CurrentYearExpense>8</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>LEASEHOLD IMPROVEMENT</DescriptionOfProperty>
        <DateAcquired>2005-12-16</DateAcquired>
        <CostOrOtherBasis>44416</CostOrOtherBasis>
        <PriorYearsDepreciation>4487</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>40.000000000000</Life>
        <CurrentYearExpense>1110</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>SIGN</DescriptionOfProperty>
        <DateAcquired>2006-02-10</DateAcquired>
        <CostOrOtherBasis>363</CostOrOtherBasis>
        <PriorYearsDepreciation>203</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>52</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>SOFTWARE</DescriptionOfProperty>
        <DateAcquired>2006-03-20</DateAcquired>
        <CostOrOtherBasis>25656</CostOrOtherBasis>
        <PriorYearsDepreciation>25656</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>3.000000000000</Life>
        <CurrentYearExpense>0</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>ART PRINTS</DescriptionOfProperty>
        <DateAcquired>2006-03-21</DateAcquired>
        <CostOrOtherBasis>3700</CostOrOtherBasis>
        <PriorYearsDepreciation>1983</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>529</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>GLASS TOP FOR TABLE</DescriptionOfProperty>
        <DateAcquired>2006-03-31</DateAcquired>
        <CostOrOtherBasis>157</CostOrOtherBasis>
        <PriorYearsDepreciation>83</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>22</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>MICROWAVE</DescriptionOfProperty>
        <DateAcquired>2007-09-04</DateAcquired>
        <CostOrOtherBasis>67</CostOrOtherBasis>
        <PriorYearsDepreciation>22</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>7</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>COMPUTER HUTCH (2)</DescriptionOfProperty>
        <DateAcquired>2005-08-11</DateAcquired>
        <CostOrOtherBasis>2082</CostOrOtherBasis>
        <PriorYearsDepreciation>1300</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>213</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>CONFIGURATION DESK (2)</DescriptionOfProperty>
        <DateAcquired>2005-08-11</DateAcquired>
        <CostOrOtherBasis>3226</CostOrOtherBasis>
        <PriorYearsDepreciation>2015</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.000000000000</Life>
        <CurrentYearExpense>330</CurrentYearExpense>
        <NetInvestmentIncome>0</NetInvestmentIncome>
      </Depreciation>
    </DepreciationSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc2213400001">
      <GainLossSaleOtherAsset>
        <Name>SALE OF ASSETS</Name>
        <HowAcquired>PURCHASED</HowAcquired>
        <GrossSalesPrice>2500</GrossSalesPrice>
        <SalesExpense>0</SalesExpense>
        <TotalNet>22</TotalNet>
        <AccumulatedDepreciation>5861</AccumulatedDepreciation>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <LandEtcSchedule2 documentId="RetDoc2059000001">
      <LandEtc>
        <CategoryOrItem>COMPUTER</CategoryOrItem>
        <CostOrOtherBasis>1842</CostOrOtherBasis>
        <AccumulatedDepreciation>1842</AccumulatedDepreciation>
        <EOYFMV>0</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>CAMERA</CategoryOrItem>
        <CostOrOtherBasis>549</CostOrOtherBasis>
        <AccumulatedDepreciation>549</AccumulatedDepreciation>
        <EOYFMV>0</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>COMPUTER</CategoryOrItem>
        <CostOrOtherBasis>985</CostOrOtherBasis>
        <AccumulatedDepreciation>985</AccumulatedDepreciation>
        <EOYFMV>0</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>COMPUTER HUTCH</CategoryOrItem>
        <CostOrOtherBasis>1386</CostOrOtherBasis>
        <AccumulatedDepreciation>1064</AccumulatedDepreciation>
        <BookValue>322</BookValue>
        <EOYFMV>322</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>COMPUTER HUTCH</CategoryOrItem>
        <CostOrOtherBasis>1042</CostOrOtherBasis>
        <AccumulatedDepreciation>802</AccumulatedDepreciation>
        <BookValue>240</BookValue>
        <EOYFMV>240</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>CONFIGURATION DESK</CategoryOrItem>
        <CostOrOtherBasis>1616</CostOrOtherBasis>
        <AccumulatedDepreciation>1242</AccumulatedDepreciation>
        <BookValue>374</BookValue>
        <EOYFMV>374</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>DECORATIVE DESK</CategoryOrItem>
        <CostOrOtherBasis>924</CostOrOtherBasis>
        <AccumulatedDepreciation>709</AccumulatedDepreciation>
        <BookValue>215</BookValue>
        <EOYFMV>215</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>COMPUTER CREDENZA</CategoryOrItem>
        <CostOrOtherBasis>1386</CostOrOtherBasis>
        <AccumulatedDepreciation>1064</AccumulatedDepreciation>
        <BookValue>322</BookValue>
        <EOYFMV>322</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>MAP SIDE TABLE</CategoryOrItem>
        <CostOrOtherBasis>524</CostOrOtherBasis>
        <AccumulatedDepreciation>403</AccumulatedDepreciation>
        <BookValue>121</BookValue>
        <EOYFMV>121</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>COPPER TOP TABLE</CategoryOrItem>
        <CostOrOtherBasis>363</CostOrOtherBasis>
        <AccumulatedDepreciation>278</AccumulatedDepreciation>
        <BookValue>85</BookValue>
        <EOYFMV>85</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>CHECKERS CHAIR</CategoryOrItem>
        <CostOrOtherBasis>807</CostOrOtherBasis>
        <AccumulatedDepreciation>619</AccumulatedDepreciation>
        <BookValue>188</BookValue>
        <EOYFMV>188</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>CAMDEN TRESTLE TABLE</CategoryOrItem>
        <CostOrOtherBasis>599</CostOrOtherBasis>
        <AccumulatedDepreciation>460</AccumulatedDepreciation>
        <BookValue>139</BookValue>
        <EOYFMV>139</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>CAMDEN HUTCH</CategoryOrItem>
        <CostOrOtherBasis>465</CostOrOtherBasis>
        <AccumulatedDepreciation>356</AccumulatedDepreciation>
        <BookValue>109</BookValue>
        <EOYFMV>109</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>CAMDEN SIDEBOARD</CategoryOrItem>
        <CostOrOtherBasis>599</CostOrOtherBasis>
        <AccumulatedDepreciation>460</AccumulatedDepreciation>
        <BookValue>139</BookValue>
        <EOYFMV>139</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>CAMELBACK ARMCHAIR (2)</CategoryOrItem>
        <CostOrOtherBasis>265</CostOrOtherBasis>
        <AccumulatedDepreciation>204</AccumulatedDepreciation>
        <BookValue>61</BookValue>
        <EOYFMV>61</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>CAMELBACK SIDE CHAIRS</CategoryOrItem>
        <CostOrOtherBasis>580</CostOrOtherBasis>
        <AccumulatedDepreciation>446</AccumulatedDepreciation>
        <BookValue>134</BookValue>
        <EOYFMV>134</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>CAMELBACK SIDE CHAIR (4)</CategoryOrItem>
        <CostOrOtherBasis>416</CostOrOtherBasis>
        <AccumulatedDepreciation>318</AccumulatedDepreciation>
        <BookValue>98</BookValue>
        <EOYFMV>98</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>LOGAN X-BACK ARM CHAIR (2)</CategoryOrItem>
        <CostOrOtherBasis>396</CostOrOtherBasis>
        <AccumulatedDepreciation>305</AccumulatedDepreciation>
        <BookValue>91</BookValue>
        <EOYFMV>91</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>LAMP W/ SHADE</CategoryOrItem>
        <CostOrOtherBasis>70</CostOrOtherBasis>
        <AccumulatedDepreciation>54</AccumulatedDepreciation>
        <BookValue>16</BookValue>
        <EOYFMV>16</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>TRAVEL DRIVE 1G</CategoryOrItem>
        <CostOrOtherBasis>86</CostOrOtherBasis>
        <AccumulatedDepreciation>86</AccumulatedDepreciation>
        <EOYFMV>0</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>LASERJET PRINTER</CategoryOrItem>
        <CostOrOtherBasis>5288</CostOrOtherBasis>
        <AccumulatedDepreciation>5288</AccumulatedDepreciation>
        <EOYFMV>0</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>IP PHONE</CategoryOrItem>
        <CostOrOtherBasis>412</CostOrOtherBasis>
        <AccumulatedDepreciation>411</AccumulatedDepreciation>
        <BookValue>1</BookValue>
        <EOYFMV>1</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>FILE CABINET</CategoryOrItem>
        <CostOrOtherBasis>767</CostOrOtherBasis>
        <AccumulatedDepreciation>567</AccumulatedDepreciation>
        <BookValue>200</BookValue>
        <EOYFMV>200</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>STORAGE CABINET</CategoryOrItem>
        <CostOrOtherBasis>130</CostOrOtherBasis>
        <AccumulatedDepreciation>97</AccumulatedDepreciation>
        <BookValue>33</BookValue>
        <EOYFMV>33</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>FILE CABINET</CategoryOrItem>
        <CostOrOtherBasis>360</CostOrOtherBasis>
        <AccumulatedDepreciation>264</AccumulatedDepreciation>
        <BookValue>96</BookValue>
        <EOYFMV>96</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>SAFE</CategoryOrItem>
        <CostOrOtherBasis>372</CostOrOtherBasis>
        <AccumulatedDepreciation>274</AccumulatedDepreciation>
        <BookValue>98</BookValue>
        <EOYFMV>98</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>OFFICE CHAIR</CategoryOrItem>
        <CostOrOtherBasis>1218</CostOrOtherBasis>
        <AccumulatedDepreciation>899</AccumulatedDepreciation>
        <BookValue>319</BookValue>
        <EOYFMV>319</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>CALCULATOR</CategoryOrItem>
        <CostOrOtherBasis>41</CostOrOtherBasis>
        <AccumulatedDepreciation>41</AccumulatedDepreciation>
        <EOYFMV>0</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>LEASEHOLD IMPROVEMENT</CategoryOrItem>
        <CostOrOtherBasis>44416</CostOrOtherBasis>
        <AccumulatedDepreciation>5597</AccumulatedDepreciation>
        <BookValue>38819</BookValue>
        <EOYFMV>38819</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>SIGN</CategoryOrItem>
        <CostOrOtherBasis>363</CostOrOtherBasis>
        <AccumulatedDepreciation>255</AccumulatedDepreciation>
        <BookValue>108</BookValue>
        <EOYFMV>108</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>SOFTWARE</CategoryOrItem>
        <CostOrOtherBasis>25656</CostOrOtherBasis>
        <AccumulatedDepreciation>25656</AccumulatedDepreciation>
        <EOYFMV>0</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>ART PRINTS</CategoryOrItem>
        <CostOrOtherBasis>3700</CostOrOtherBasis>
        <AccumulatedDepreciation>2512</AccumulatedDepreciation>
        <BookValue>1188</BookValue>
        <EOYFMV>1188</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>GLASS TOP FOR TABLE</CategoryOrItem>
        <CostOrOtherBasis>157</CostOrOtherBasis>
        <AccumulatedDepreciation>105</AccumulatedDepreciation>
        <BookValue>52</BookValue>
        <EOYFMV>52</EOYFMV>
      </LandEtc>
    </LandEtcSchedule2>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssets>
        <Description>SECURITY DEPOSITS</Description>
        <BOYBookValue>1472</BOYBookValue>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>BANK CHARGES</Description>
        <RevenueAndExpensesPerBooks>9361</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>9361</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>DUES &amp; SUBSCRIPTIONS</Description>
        <RevenueAndExpensesPerBooks>72</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OFFICE SUPPLIES</Description>
        <RevenueAndExpensesPerBooks>4790</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>REPAIRS &amp; MAINTENANCE</Description>
        <RevenueAndExpensesPerBooks>90</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TRAINING EXPENSE</Description>
        <RevenueAndExpensesPerBooks>805</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MEALS &amp; ENTERTAINMENT</Description>
        <RevenueAndExpensesPerBooks>264</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncome>
        <Description>FEE ASSESSMENT</Description>
        <RevenueAndExpensesPerBooks>787822</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>787822</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilities>
        <Description>SECURITY DEPOSIT</Description>
        <BOYBookValue>2251</BOYBookValue>
        <EOYBookValue>2251</EOYBookValue>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
  </ReturnData>
</Return>