﻿<?xml version="1.0" encoding="utf-8"?>
<Return returnVersion="2015v3.0" xsi:schemaLocation="http://www.irs.gov/efile" xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-05-15T12:37:17-07:00</ReturnTs>
    <TaxPeriodEndDt>2016-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Boles Metzger Brosius &amp; Walborn PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>3601 N Front Street</AddressLine1Txt>
        <CityNm>Harrisburg</CityNm>
        <StateAbbreviationCd>PA</StateAbbreviationCd>
        <ZIPCd>17110</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2015-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>202011302</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE HERSHA H AND HASU P SHAH FAMILY</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>FOUNDATION</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>HERS</BusinessNameControlTxt>
      <USAddress>
        <AddressLine1Txt>44 HERSHA DRIVE</AddressLine1Txt>
        <CityNm>HARRISBURG</CityNm>
        <StateAbbreviationCd>PA</StateAbbreviationCd>
        <ZIPCd>17102</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>HASU P SHAH</PersonNm>
      <PersonTitleTxt>Trustee</PersonTitleTxt>
      <SignatureDt>2017-05-15</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>William B Boles CPA</PreparerPersonNm>
      <PTIN>P00168811</PTIN>
      <PhoneNum>7172380446</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2015</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="9">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="15000324" softwareVersionNum="2015v3.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>3703782</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>104652</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>66860</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>66860</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>66860</DividendsAdjNetIncmAmt>
        <GrossRentsRevAndExpnssAmt>289021</GrossRentsRevAndExpnssAmt>
        <GrossRentsNetInvstIncmAmt>289021</GrossRentsNetInvstIncmAmt>
        <GrossRentsAdjNetIncmAmt>289021</GrossRentsAdjNetIncmAmt>
        <NetRentalIncomeOrLossAmt>4504</NetRentalIncomeOrLossAmt>
        <NetGainSaleAstRevAndExpnssAmt>9630</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>14352</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>9630</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>3</NetSTCapitalGainAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>470163</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>365511</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>355884</TotalAdjNetIncmAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="DepreciationSchedule">25010</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnNetInvstIncmAmt>25010</DeprecAndDpltnNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">274025</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>274025</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>299035</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>299035</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>157985</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>157985</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>457020</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>299035</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>157985</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>13143</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>66476</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>355884</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>97261</CashBOYAmt>
        <CashEOYAmt>97263</CashEOYAmt>
        <CashEOYFMVAmt>97263</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>7093</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>20725</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>20725</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>1292588</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">1283195</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1750794</CorporateStockEOYFMVAmt>
        <InvstLandCostOrOtherBasisAmt>1488118</InvstLandCostOrOtherBasisAmt>
        <InvstLandAccumDepreciationAmt>105609</InvstLandAccumDepreciationAmt>
        <LandBldgInvestmentsBOYAmt>1407519</LandBldgInvestmentsBOYAmt>
        <LandBldgInvestmentsEOYAmt referenceDocumentId="InvestmentsLandSchedule2">1382509</LandBldgInvestmentsEOYAmt>
        <LandBldgInvestmentsEOYFMVAmt>1805000</LandBldgInvestmentsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>30000</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">30000</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>30000</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>2834461</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2813692</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>3703782</TotalAssetsEOYFMVAmt>
        <MortgagesAndNotesPayableBOYAmt>1506509</MortgagesAndNotesPayableBOYAmt>
        <MortgagesAndNotesPayableEOYAmt referenceDocumentId="MortgagesAndNotesPayableSchedu">1476996</MortgagesAndNotesPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>1506509</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>1476996</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>1327952</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>1336696</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1327952</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>1336696</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2834461</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2813692</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1327952</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>13143</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>1341095</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSchedule">4399</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>1336696</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>35 VANGUARD 500 INDEX ADMIRAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-01-01</AcquiredDt>
          <SoldDt>2015-07-17</SoldDt>
          <GrossSalesPriceAmt>7000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4687</CostOrOtherBasisAmt>
          <GainOrLossAmt>2313</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2313</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1 BB&amp;T IN LIEU OF</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-01</AcquiredDt>
          <SoldDt>2015-08-06</SoldDt>
          <GrossSalesPriceAmt>38</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>35</CostOrOtherBasisAmt>
          <GainOrLossAmt>3</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1 SUSQUEHANNA BANCSHARES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-01-01</AcquiredDt>
          <SoldDt>2015-08-06</SoldDt>
          <GrossSalesPriceAmt>7314</GrossSalesPriceAmt>
          <GainOrLossAmt>7314</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7314</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>9630</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>3</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>184085</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>2072526</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.08882</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>100076</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>1823795</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.05487</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>93669</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>1502596</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.06234</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>130797</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>1230803</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.10627</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>55699</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>1218961</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.04569</DistributionYr5Rt>
        <TotalDistributionRt>0.357996</TotalDistributionRt>
        <AverageDistributionRt>0.071599</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>2235868</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>160086</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>665</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>160751</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>157985</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>1330</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>1330</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>1330</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>560</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>560</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <EsPenaltyAmt>6</EsPenaltyAmt>
        <TaxDueAmt>776</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>false</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>PA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>HASU P SHAH</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>7172364400</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>44 HERSHA DRIVE</AddressLine1Txt>
          <CityNm>HARRISBURG</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>17102</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>true</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>HASU P SHAH</PersonNm>
          <USAddress>
            <AddressLine1Txt>44 HERSHA DRIVE</AddressLine1Txt>
            <CityNm>HARRISBURG</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>17102</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>HARSHA H SHAH</PersonNm>
          <USAddress>
            <AddressLine1Txt>44 HERSHA DRIVE</AddressLine1Txt>
            <CityNm>HARRISBURG</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>17102</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JAY H SHAH</PersonNm>
          <USAddress>
            <AddressLine1Txt>44 HERSHA DRIVE</AddressLine1Txt>
            <CityNm>HARRISBURG</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>17102</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>NEIL H SHAH</PersonNm>
          <USAddress>
            <AddressLine1Txt>44 HERSHA DRIVE</AddressLine1Txt>
            <CityNm>HARRISBURG</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>17102</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1832726</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>109187</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>1805000</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>3746913</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>1476996</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>2269917</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>34049</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>2235868</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>111793</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>111793</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1330</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1330</TotalTaxAmt>
        <DistributableBeforeAdjAmt>110463</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>110463</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>110463</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>157985</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>157985</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>157985</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>110463</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr4Amt>53206</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>19205</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>8886</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>81505</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>162802</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>157985</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>110463</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>47522</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>210324</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>210324</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>53206</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>19205</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>8886</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>81505</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>47522</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>HASU P SHAH</ContributingManagerNm>
        <ContributingManagerNm>HARSHA H SHAH</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>RONAK CHARITY TRUST</RecipientPersonNm>
          <RecipientForeignAddress>
            <AddressLine1Txt>27 BAUTAMNAGAR SOCIETY RACE COURSE</AddressLine1Txt>
            <CityNm>VADODARA</CityNm>
            <ProvinceOrStateNm>GUJARAT</ProvinceOrStateNm>
            <CountryCd>IN</CountryCd>
            <ForeignPostalCd>39007</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NONE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO AID IN THE ACCOMPLISHMENT OF THE CHARITABLE PURPOSE OF THE ORGANIZATION.</GrantOrContributionPurposeTxt>
          <Amt>74252</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>RNC Free Eye Hospital</RecipientPersonNm>
          <RecipientForeignAddress>
            <AddressLine1Txt>Kapadia Chal</AddressLine1Txt>
            <CityNm>Valsad</CityNm>
            <ProvinceOrStateNm>Gujarat</ProvinceOrStateNm>
            <CountryCd>IN</CountryCd>
            <ForeignPostalCd>396001</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NONE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO AID IN THE ACCOMPLISHMENT OF THE CHARITABLE PURPOSE OF THE ORGANIZATION.</GrantOrContributionPurposeTxt>
          <Amt>78733</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>The Dalubhai Goplbhai Patel Fund In</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>223 Oak Hill Road</AddressLine1Txt>
            <CityNm>Horseheads</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>14845</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO AID IN THE ACCOMPLISHMENT OF THE CHARITABLE PURPOSE OF THE ORGANIZATION.</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>157985</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>66860</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>4504</ExclusionAmt>
        </NetRntlIncmReDebtFincdPropGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>9630</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>80994</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>80994</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="15000324" softwareVersionNum="2015v3.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>MR HASU P SHAH</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1748 CONWAY HEATH</AddressLine1Txt>
          <CityNm>CAMP HILL</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>17011</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>8257</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>DR SANDEEP and NEETA PATEL</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>100 CENTRAL AVENUE SUITE 200</AddressLine1Txt>
          <CityNm>ST PETERSBURG</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>33701</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>47000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>3</ContributorNum>
        <ContributorPersonNm>JASHBHAI BHANUMATI PATEL</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1722 PATRICIA LANE</AddressLine1Txt>
          <CityNm>FLOSSMOOR</CityNm>
          <StateAbbreviationCd>IL</StateAbbreviationCd>
          <ZIPCd>60422</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>10000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>4</ContributorNum>
        <ContributorPersonNm>BP FOUNDATION</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>104 MORGAN LANE</AddressLine1Txt>
          <CityNm>PLAINSBORO</CityNm>
          <StateAbbreviationCd>NJ</StateAbbreviationCd>
          <ZIPCd>08536</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>5</ContributorNum>
        <ContributorPersonNm>Mr Mrs Dilipkumar M Patel</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>238 E JOHNSON AVENUE</AddressLine1Txt>
          <CityNm>BERGENFIELD</CityNm>
          <StateAbbreviationCd>NJ</StateAbbreviationCd>
          <ZIPCd>07621</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>6</ContributorNum>
        <ContributorPersonNm>Refund Advisors LLC</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>81 Pondfield Road</AddressLine1Txt>
          <CityNm>Bronxville</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10708</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>6526</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>7</ContributorNum>
        <ContributorPersonNm>Costco Wholesale</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>5125 jonestown road</AddressLine1Txt>
          <CityNm>harrisburg</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>17112</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>15367</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>8</ContributorNum>
        <ContributorPersonNm>MR SHAUN BANTHIYA</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>15027 STONEYVIEW DRIVE</AddressLine1Txt>
          <CityNm>HOUSTON</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77083</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <DepreciationSchedule documentId="DepreciationSchedule" softwareId="15000324" softwareVersionNum="2015v3.0">
      <DepreciationPropertyGrp>
        <PropertyDesc>1800 N 2ND STREET BLDG</PropertyDesc>
        <AcquiredDt>2008-12-03</AcquiredDt>
        <CostOrOtherBasisAmt>328000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>53983</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>40.0000</LifeRt>
        <CurrentYearExpenseAmt>8200</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>8200</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1721 N. Front St BLDG</PropertyDesc>
        <AcquiredDt>2013-12-06</AcquiredDt>
        <CostOrOtherBasisAmt>672417</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>26616</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>40.0000</LifeRt>
        <CurrentYearExpenseAmt>16810</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>16810</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="15000324" softwareVersionNum="2015v3.0">
      <InvestmentsCorporateStockGrp>
        <StockNm>DFSCX</StockNm>
        <EOYBookValueAmt>190740</EOYBookValueAmt>
        <EOYFMVAmt>233543</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DISVX</StockNm>
        <EOYBookValueAmt>80306</EOYBookValueAmt>
        <EOYFMVAmt>84110</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DFIVX</StockNm>
        <EOYBookValueAmt>105825</EOYBookValueAmt>
        <EOYFMVAmt>93954</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VFIAX</StockNm>
        <EOYBookValueAmt>410021</EOYBookValueAmt>
        <EOYFMVAmt>712800</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VIMSX</StockNm>
        <EOYBookValueAmt>92113</EOYBookValueAmt>
        <EOYFMVAmt>172173</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HT</StockNm>
        <EOYBookValueAmt>287254</EOYBookValueAmt>
        <EOYFMVAmt>348797</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BBT</StockNm>
        <EOYBookValueAmt>17156</EOYBookValueAmt>
        <EOYFMVAmt>16238</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DFECEX</StockNm>
        <EOYBookValueAmt>99780</EOYBookValueAmt>
        <EOYFMVAmt>89179</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsLandSchedule2 documentId="InvestmentsLandSchedule2" softwareId="15000324" softwareVersionNum="2015v3.0">
      <InvestmentLandGrp>
        <CategoryOrItemTxt>Buildings</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1000417</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>105609</AccumulatedDepreciationAmt>
        <BookValueAmt>894808</BookValueAmt>
        <EOYFMVAmt>1317299</EOYFMVAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>Land</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>487701</CostOrOtherBasisAmt>
        <BookValueAmt>487701</BookValueAmt>
        <EOYFMVAmt>487701</EOYFMVAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="15000324" softwareVersionNum="2015v3.0">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HERSHA MBIT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>30000</BookValueAmt>
        <EOYFMVAmt>30000</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <MortgagesAndNotesPayableSch documentId="MortgagesAndNotesPayableSchedu" softwareId="15000324" softwareVersionNum="2015v3.0">
      <MortgageAmt>1019727</MortgageAmt>
      <NotePayableGrp>
        <LenderNameGrp>
          <PersonNm>SUSQUEHANNA BANK</PersonNm>
        </LenderNameGrp>
        <BalanceDueAmt>352240</BalanceDueAmt>
      </NotePayableGrp>
      <NotePayableGrp>
        <LenderNameGrp>
          <PersonNm>SUSQUEHANNA BANK</PersonNm>
        </LenderNameGrp>
        <BalanceDueAmt>667487</BalanceDueAmt>
      </NotePayableGrp>
      <NotePayableGrp>
        <LenderNameGrp>
          <PersonNm>HERSHA CAPITAL</PersonNm>
        </LenderNameGrp>
        <InsiderRelationshipTxt>NONE</InsiderRelationshipTxt>
        <LoanOriginalAmt>175000</LoanOriginalAmt>
        <BalanceDueAmt>479667</BalanceDueAmt>
        <NoteDt>2008-12</NoteDt>
        <RepaymentTermsTxt>UPON DEMAND</RepaymentTermsTxt>
        <SecurityProvidedBorrowerTxt>UNSECURED</SecurityProvidedBorrowerTxt>
        <LoanPurposeTxt>INVESTMENT BUILDING</LoanPurposeTxt>
      </NotePayableGrp>
    </MortgagesAndNotesPayableSch>
    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule" softwareId="15000324" softwareVersionNum="2015v3.0">
      <OtherDecreasesDetail>
        <Desc>RETURN OF CAPITAL</Desc>
        <Amt>4399</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="15000324" softwareVersionNum="2015v3.0">
      <OtherExpensesScheduleGrp>
        <Desc>FOUNDATION FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>3300</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3300</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>GENERAL EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>10645</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>10645</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT &amp; BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>573</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>573</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Rental Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>259507</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>259507</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
  </ReturnData>
</Return>