COMPARATIVE STATEMENT OF OPERATIONS |
|
INCOME |
|
RENTAL INCOME |
|
Maintenance charges |
19,113 |
Less: real estate tax abatements |
(1,836) |
Special assessment - abatement |
1,761 |
Commercial rent |
2,018 |
TOTAL RENTAL INCOME |
21,056 |
OTHER INCOME |
|
Interest income |
79 |
Laundry |
106 |
Storage |
154 |
Late charges |
55 |
Transfer and sublet fees |
921 |
Miscellaneous income |
44 |
TOTAL OTHER INCOME |
1,359 |
TOTAL INCOME |
22,415 |
COST OF OPERATIONS |
|
Administrative expenses |
1,143 |
Operating expenses |
7,864 |
Maintenance expenses |
3,482 |
Taxes and insurance |
10,381 |
Financial expenses |
1,473 |
TOTAL COST OF OPERATIONS |
24,344 |
Income or (Loss) Before Depreciation and Special item |
(1,929) |
Depreciation and amortization |
(1,327) |
NET INCOME OR (LOSS) |
(3,255) |