COMPARATIVE STATEMENT OF OPERATIONS |
|
INCOME |
|
RENTAL INCOME |
|
Maintenance charges |
16,903 |
Less: real estate tax abatements |
(1,623) |
Special assessment - abatement |
1,557 |
Commercial rent |
1,784 |
TOTAL RENTAL INCOME |
18,622 |
OTHER INCOME |
|
Interest income |
69 |
Laundry |
94 |
Storage |
136 |
Late charges |
49 |
Transfer and sublet fees |
814 |
Miscellaneous income |
39 |
TOTAL OTHER INCOME |
1,202 |
TOTAL INCOME |
19,823 |
COST OF OPERATIONS |
|
Administrative expenses |
1,011 |
Operating expenses |
6,955 |
Maintenance expenses |
3,079 |
Taxes and insurance |
9,181 |
Financial expenses |
1,303 |
TOTAL COST OF OPERATIONS |
21,529 |
Income or (Loss) Before Depreciation and Special item |
(1,706) |
Depreciation and amortization |
(1,173) |
NET INCOME OR (LOSS) |
(2,879) |