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      <ExplanationTxt>THE ORGANIZATION IS A FOREIGN FOUNDATION WHICH FROM THE DATE OF ITS CREATION HAS RECEIVED AT LEAST 85% OF ITS SUPPORT FROM SOURCES OUTSIDE OF US.</ExplanationTxt>
    </ExplnOfNonFilingWithAGStmt>
    <LandEtcSchedule2 documentId="RetDoc5">
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>11338</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>11338</AccumulatedDepreciationAmt>
        <EOYFMVAmt>11338</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>APARTMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>923392</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>33578</AccumulatedDepreciationAmt>
        <BookValueAmt>889814</BookValueAmt>
        <EOYFMVAmt>923392</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>LEASEHOLD IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>11295</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>11295</AccumulatedDepreciationAmt>
        <EOYFMVAmt>11295</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc6">
      <LegalFeesGrp>
        <CategoryTxt>INDIRECT LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>8455</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>8455</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc7">
      <OtherAssetsScheduleGrp>
        <Desc>EARNEST MONEY DEPOSIT</Desc>
        <BOYBookValueAmt>91500</BOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc8">
      <OtherDecreasesDetail>
        <Desc>ADJUSTMENT</Desc>
        <Amt>222</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc9">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PHONE</Desc>
        <RevenueAndExpensesPerBooksAmt>15812</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>15812</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TRANSFER TAXES</Desc>
        <RevenueAndExpensesPerBooksAmt>24303</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>24303</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ADVERTISING</Desc>
        <RevenueAndExpensesPerBooksAmt>1500</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1500</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>HOAS</Desc>
        <RevenueAndExpensesPerBooksAmt>18079</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>18079</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>30932</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>30932</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>872</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>872</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CONTRACT LABOR</Desc>
        <RevenueAndExpensesPerBooksAmt>323</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>323</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER</Desc>
        <RevenueAndExpensesPerBooksAmt>-150</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>-150</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc10">
      <TaxesDetail>
        <CategoryTxt>INDIRECT TAXES/LICENSES</CategoryTxt>
        <Amt>11935</Amt>
        <DisbursementsCharitablePrpsAmt>11935</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>