COMPARATIVE STATEMENT OF OPERATIONS |
|
INCOME |
|
RENTAL INCOME |
|
Maintenance charges |
17,321 |
Less: real estate tax abatements |
(1,663) |
Special assessment - abatement |
1,596 |
Commercial rent |
1,828 |
TOTAL RENTAL INCOME |
19,082 |
OTHER INCOME |
|
Interest income |
71 |
Laundry |
96 |
Storage |
140 |
Late charges |
50 |
Transfer and sublet fees |
834 |
Miscellaneous income |
40 |
TOTAL OTHER INCOME |
1,231 |
TOTAL INCOME |
20,313 |
COST OF OPERATIONS |
|
Administrative expenses |
1,036 |
Operating expenses |
7,127 |
Maintenance expenses |
3,155 |
Taxes and insurance |
9,408 |
Financial expenses |
1,335 |
TOTAL COST OF OPERATIONS |
22,061 |
Income or (Loss) Before Depreciation and Special item |
(1,748) |
Depreciation and amortization |
(1,202) |
NET INCOME OR (LOSS) |
(2,950) |