Fraternity-Testvériség, 1973 (51. évfolyam, 1-12. szám)
1973-04-01 / 4-6. szám
I The Federation in 1972 placed $725,000.00 in first mortgage loans in the United States as follows: $120,000.00 in one church mortgage 250.000. 00 in a Nursing Home 145.000. 00 in seven residences 210.000. 00 in commercial properties $725,000.00 total mortgages placed No mortgages were placed in Canada in 1972. a. Mortgages: U. S. A................................ ..$5,582,940.31 Canada ............................... .. 181,661.52 Total ................................... ..$5,764,601.83 $5,764,601.83 Certificate Loans and Liens: U. S. A................................ ..$ 580,872.57 Canada ............................... 6,772.24 Total ................................... ..$ 587,644.81 587,644.81 TOTAL LOANS................ $6,352,246.64 V. REAL ESTATE December 31, 1972 Date Acquired Book Value III. BRANCH OFFICE: Third Ave & Evans St. Bethlehem, Pa. December 31, 1972 ............. 1956 .....$ 92,719.94 IV. BRANCH OFFICE: 11213 Buckeye Road Cleveland, Ohio December 31, 1972 ............. 1961 ..... 71,070.72 V. HOME OFFICE: 3216 New Mexico Ave., N.W. Washington, D. C. December 31, 1972 ............. 1961 ...... 408,514.03 VI. BRANCH OFFICE: 3719 Fort St. Detroit, Michigan December 31, 1972 ............. 1962 ...... 17,504.03 XIV. 914 McCARTHER HIGHWAY Newark, N. J. December 31, 1972 ............. 1969 ...... 109,508.55 XVI. 3417 Front St. 12-15 Whitehall, Pa. December 31, 1972 ............ 1972 ...... 158,804.85 TOTAL ............................. ......$858,122.12 VI. DUES FROM BRANCHES & NOTE RECEIVABLE December 31, 1972 Due from branches: a. United States .................... ........$2,144.29 b. Canada ......................................... 370.05 Total ...........................................$2,514.34 $2,514.34 Due from Note Receivable: R.E. XV. Morristown, N. J.............................. 1,750.00 TOTAL ............................................................... $4,264.34 H.R.F.A. SCHOLARSHIP FUND The Federation has a Scholarship Fund, made available by the endowment of the late John Toth of Franklin, N. J. in the amount of $2,700.00, which was placed into a Check Account at the National Bank of Washington. On October 27, 1972 $2,200.00 was transferred to a Savings Account. The interest earned on this at 4% to December 31, 1972 was $13.50. The balance of $500.00 remained on the Check Account. H.R.F.A. Scholarship Fund Savings Acct. Check Acct. Sept. 14, 1972 funds received from the endowment of the late John Toth, Franklin. N. J. deposited on Check Account #1-237-96-9 ............................... $2,700.00 Oct. 27, 1972 Transferred to Savings Acct. #4864778 ................... $2,200.00 -2,200.00 Balance, Dec. 31, 1972 ................... $2,200.00 $ 500.00 SUMMARY Check Account balance, 12-31-72 .......................$ 500.00 Savings Account balance, 12-31-72 ................... 2,200.00 Funds on HRFA STUDENT AID FUNDS ....$2,700.00 This fund will be used for loans to college students who are in need of financial help to further their education. * * * The Federation is a member of the National Fraternal Congress. During the year I attended the New Jersey and the Maryland & District of Columbia State Congress meetings. At the NFC in Denver, Colorado in 1971 I was elected President of the State Fraternal Congress Section of the NFC and presided in Dallas, Texas October 1-4, 1972 as president of the State Fraternal Congress Section, representing the Federation. I am now a member of the Executive Committee. I am also Treasurer of the American Hungarian Federation. * * * In conclusion, even though this year was a Convention Year with its added expenses, it was a good year. The credit for this goes to all those who made it possible. I thank my fellow officers for the splendid support they gave me during the past year. To the Board of Directors I express my thanks for their kind support and understanding, not only in the past year, but throughout the past twelve years I have served as Treasurer. I express my thanks to those in the Home Office and to the Field Force who have given me their support whenever I called upon them. I especially thank my secretary, Elizabeth Balazs, and my bookkeeper, Mrs. Iren Simon, for their outstanding work in the Treasurer’s Department. May the spirit of good will and mutual understanding continue and prevail for many years in furthering the growth of our Federation. I submit my report for the year 1972, trusting that upon examination, it meets with your approval and acceptance. Fraternally yours, Paul St. Miklossy, Treasurer 18
