| INCOME | |
| RENTAL INCOME | |
| Maintenance charges | 1,407,663 |
| Less: real estate tax abatements | (135,182) |
| Special assessment - abatement | 129,690 |
| Commercial rent | 148,591 |
| TOTAL RENTAL INCOME | 1,550,762 |
| OTHER INCOME | |
| Interest income | 5,784 |
| Laundry | 7,800 |
| Storage | 11,364 |
| Late charges | 4,049 |
| Transfer and sublet fees | 67,810 |
| Miscellaneous income | 3,253 |
| TOTAL OTHER INCOME | 100,060 |
| TOTAL INCOME | 1,650,822 |
| COST OF OPERATIONS | |
| Administrative expenses | 84,185 |
| Operating expenses | 579,186 |
| Maintenance expenses | 256,412 |
| Taxes and insurance | 764,573 |
| Financial expenses | 108,507 |
| TOTAL COST OF OPERATIONS | 1,792,863 |
| Income or (Loss) Before Depreciation and Special item | (142,041) |
| Depreciation and amortization | (97,714) |
| NET INCOME OR (LOSS) | (239,755) |