COMPARATIVE STATEMENT OF OPERATIONS |
|
INCOME |
|
RENTAL INCOME |
|
Maintenance charges |
16,545 |
Less: real estate tax abatements |
(1,589) |
Special assessment - abatement |
1,524 |
Commercial rent |
1,746 |
TOTAL RENTAL INCOME |
18,227 |
OTHER INCOME |
|
Interest income |
68 |
Laundry |
92 |
Storage |
134 |
Late charges |
48 |
Transfer and sublet fees |
797 |
Miscellaneous income |
38 |
TOTAL OTHER INCOME |
1,176 |
TOTAL INCOME |
19,403 |
COST OF OPERATIONS |
|
Administrative expenses |
989 |
Operating expenses |
6,807 |
Maintenance expenses |
3,014 |
Taxes and insurance |
8,986 |
Financial expenses |
1,275 |
TOTAL COST OF OPERATIONS |
21,072 |
Income or (Loss) Before Depreciation and Special item |
(1,669) |
Depreciation and amortization |
(1,148) |
NET INCOME OR (LOSS) |
(2,818) |