COMPARATIVE STATEMENT OF OPERATIONS |
|
INCOME |
|
RENTAL INCOME |
|
Maintenance charges |
17,620 |
Less: real estate tax abatements |
(1,692) |
Special assessment - abatement |
1,623 |
Commercial rent |
1,860 |
TOTAL RENTAL INCOME |
19,411 |
OTHER INCOME |
|
Interest income |
72 |
Laundry |
98 |
Storage |
142 |
Late charges |
51 |
Transfer and sublet fees |
849 |
Miscellaneous income |
41 |
TOTAL OTHER INCOME |
1,252 |
TOTAL INCOME |
20,664 |
COST OF OPERATIONS |
|
Administrative expenses |
1,054 |
Operating expenses |
7,250 |
Maintenance expenses |
3,210 |
Taxes and insurance |
9,570 |
Financial expenses |
1,358 |
TOTAL COST OF OPERATIONS |
22,442 |
Income or (Loss) Before Depreciation and Special item |
(1,778) |
Depreciation and amortization |
(1,223) |
NET INCOME OR (LOSS) |
(3,001) |