COMPARATIVE STATEMENT OF OPERATIONS |
|
INCOME |
|
RENTAL INCOME |
|
Maintenance charges |
17,919 |
Less: real estate tax abatements |
(1,721) |
Special assessment - abatement |
1,651 |
Commercial rent |
1,891 |
TOTAL RENTAL INCOME |
19,740 |
OTHER INCOME |
|
Interest income |
74 |
Laundry |
99 |
Storage |
145 |
Late charges |
52 |
Transfer and sublet fees |
863 |
Miscellaneous income |
41 |
TOTAL OTHER INCOME |
1,274 |
TOTAL INCOME |
21,014 |
COST OF OPERATIONS |
|
Administrative expenses |
1,072 |
Operating expenses |
7,373 |
Maintenance expenses |
3,264 |
Taxes and insurance |
9,733 |
Financial expenses |
1,381 |
TOTAL COST OF OPERATIONS |
22,822 |
Income or (Loss) Before Depreciation and Special item |
(1,808) |
Depreciation and amortization |
(1,244) |
NET INCOME OR (LOSS) |
(3,052) |