$2.8 Million Home

Taylor owns a $2.8 million home as an asset, as noted in his report. When confronted about it, he states that it should be a liability.

— Full court transcript bellow: —

Q So what is this residential center?
A Oh, this is a — a place that the ministry owns — well, not own, we are — we are in the process of buying that. Yeah, we don’t own it yet.
Q So are you renting to buy or are you —
A Yeah, we are leasing to buy.
Q You have that as an asset of 2.844 — 2,844,500. So do you own it?
A I just answered that, didn’t I? I said we didn’t own it.
Q Okay. But where —
A We had to lease it to buy it.
Q — where does the — I’m sorry?
A We’re leasing to buy it. Did — did you — I thought we just said that.
Q All right.
A Yeah.
Q But you have listed it as an asset worth $2,844,000.00 —
A Oh, oh, oh. That should be more of a liability —
MR. CAVELLIER: Would you like to take a look at that?
THE WITNESS: Oh, okay.
MR. CAVELLIER: And then you’ve got the liability on page two.
THE WITNESS: Oh, okay. I see what you’re saying. What we have already paid compared to what it’s worth, is — is that what you’re saying? What are —
BY MS. RONAYNE:
Q You have listed it —
A Because we — it’s not paid off like —
Q All right. So where does the number 2,844,000 come from on the asset and liability —
A That’s the app — that’s I guess the appraisal value of the home or the residential center.
Q Is it a home?
A No, it’s a residential center; we use it —
Q All right. So you’re saying it’s not something you own, but you have it listed as an asset of $2.8?
A That’s probably a mistake. Like I say, it probably should be a liability. Yeah, that should be a liability. I think that was an error there.
Q Who — who prepares this?
A Um —
Q This document called balance sheet?
A I don’t know. I don’t know which one of them — I have three people in the office that could do this, so I don’t know which one.
Q Who would those three people be?
A Michelle, Ashley —
Q All right. What’s — Michelle, is it just M-i-c-h-e-l-l-e?
A Probably, yes.
Q And her last name?
A B-r-a-n-n-o-n.
Q B-r-a-n-n-o-n?
A Yes.
Q Okay. And the next person?
A Ashley Ware.
Q How do you spell Ashley?
A A — A-s-h-l-e-y.
Q And how do you spell Ware?
A W-a-r-e.
Q And the next one?
A Bashera (ph), and I really don’t know how to spell that one. Bashera —
Q Is it a man or woman?
A It’s a lady.
Q Bashera?
A Yeah.
Q And her last name?
A You know, I’m trying to pronounce that, Haque —
Q Can you just spell it?
A It’s H-a-q-u-e, something like that. Yeah.
Q Are — are these all employees?
A No, they are volunteer workers. One is an employee.
Q Who is the employee?
A Michelle.
Q And these two people are volunteers?
A Yes.
Q Do you have an accountant that does any kind of accounting work for you?
A We have a private firm, yes. 13 (Pages 46 to 49)
Q And who is that?
A Davis and Associates.
Q Davidson?
A Davis and Associates.
Q Davis and Associates?
A Mm-hmm.
Q And where are they located?
A In Saint Louis.
Q So you don’t know who prepared this balance sheet?
A Like I say, it could have been one of those three; I — I — I don’t want to tell you a story, I can’t tell you exact —
Q I don’t want you to tell me anything you can’t —
A Yeah.
Q — verify.
A So I don’t know.
Q But your accountant did not?
A Now what are you asking? Are you asking if the accountant did the — the balances or did someone provide these sheets to you; what are you saying? What — what — what are you saying?
Q In terms of who prepared this document about assets and liabilities, would your accountant have prepared this?
A I don’t think my accountant did that. I think that the internal office tried to answer your questions and they pulled information from maybe documents that my professional firm did and tried to give you what you needed.
Q So were — were these documents created for the purpose of this deposition, or did they exist before?
A Oh, they exist before. We have everything documented, everything. Every penny.
Q But you acknowledge that you believe this 2.8 million is an error?
A It has to be, because the residential center is not paid off. So it couldn’t be an asset, right, it’s a liability? That’s how the banks would show it, right? You would know that, right?
Q I — I don’t — I don’t answer questions. This is a one-way —
A Okay. I’m just saying — I’m trying to get an understanding —
Q All right. So tell me the residential center, did we get an address for that?
MR. FRAZIER: No.
BY MS. RONAYNE:
Q I need an address for the residential center.
A Yeah. 24000 Timpaige —
Q What is it?
A Timpaige; T-i-m —
Q T-i-m —
A — p-a-i-g-e.
Q That’s the name of the — the street?
A Yes, Timpaige.
Q Timpaige?
A Timpaige, yep.
Q Avenue, Road, anything?
A I think it’s Road, I believe.
Q And that is in Saint Louis?
A Yes, Chesterfield, Missouri.
Q So you’re renting with an option to buy?
A Yes.
Q And who is the owner then?
A The ministry. Oh no, I’m sorry; the ministry is renting with an option to buy. The owner is Harold Lewis.
Q Okay. And what goes on at the residential center?
A Well, I mean it’s —
MR. CAVELLIER: Objection to the form of the question. What are — what are you asking?
BY MS. RONAYNE:
Q What is its purpose, who goes there?
A It is a — really it’s a gathering place for our ministry, where I bring in different leaders and also the staff that we have as a place of, you know, maybe resort and teaching —
Q Resort?
A Yeah; teaching — a resort where we teach and train.
Q What do you mean by the word resort; usually people think of that as —
A Maybe I’m not saying it right. Let’s strike that word. Maybe — it’s a place where they can come and be refreshed; like I don’t know if you have ever been on Christian retreats or things like that, where people can go and hear the word of God and also relax and that kind of thing, so —
Q But it’s not a church?
A No, it’s not a church.
Q Do people live there?
A It’s habitable, yes. We — we could live there, we could stay overnight.
Q Do — do people stay overnight and live there?
A No, people stay overnight when I have guests in, they could come in and do that. But I have my own apartment. I stay in a small apartment.
Q In the residential center?
A No, no, I have my own personal apartment.
Q Okay. We’ll get to that. But I’m —
A So what I’m saying — so the residential center is used — it has bedrooms and stuff like that, so you can stay in there. But it’s more so used for retreat or — and a place where, you know, you can be refreshed. Am I answering right?
Q Are you — you’re confident of that address that you gave me on Timpaige?
A Yeah, 24000; is that right?
Q You tell me?
A I thought —
Q You’re confident of that address though?
A I think so. I think that’s right. Am I wrong? Do — do I need to look something up? You know, what’s
MR. CAVELLIER: You’re answering the question to the best of your knowledge.
THE WITNESS: Yes; thank you.
BY MS. RONAYNE:
Q Is it possible that it’s 15400 —
A Oh, yes, that’s right. 15400, that is right. That’s totally off.