COMPARATIVE STATEMENT OF OPERATIONS |
|
INCOME |
|
RENTAL INCOME |
|
Maintenance charges |
18,994 |
Less: real estate tax abatements |
(1,824) |
Special assessment - abatement |
1,750 |
Commercial rent |
2,005 |
TOTAL RENTAL INCOME |
20,925 |
OTHER INCOME |
|
Interest income |
78 |
Laundry |
105 |
Storage |
153 |
Late charges |
55 |
Transfer and sublet fees |
915 |
Miscellaneous income |
44 |
TOTAL OTHER INCOME |
1,350 |
TOTAL INCOME |
22,275 |
COST OF OPERATIONS |
|
Administrative expenses |
1,136 |
Operating expenses |
7,815 |
Maintenance expenses |
3,460 |
Taxes and insurance |
10,317 |
Financial expenses |
1,464 |
TOTAL COST OF OPERATIONS |
24,191 |
Income or (Loss) Before Depreciation and Special item |
(1,917) |
Depreciation and amortization |
(1,318) |
NET INCOME OR (LOSS) |
(3,235) |