PDF page 18 · effective period must be checked in the document
Move in/out fees
Transfer fees
Utilities
Insurance
Mana~;em:ent fees
Professional fees
Licenses and permits
Administrative
Income taxes
Total expenses before (Jeinre·ct~it!CH1 and amotiization
Excess of revenues
of revenues over expenses
are an
part of these financial statements.
PDF page 22 · effective period must be checked in the document
osts are am0!1ized on the <:'n • .,, ..... ,,y_
method would not be different Deferred
4.
discussed in Note
A, ... H"'"'"''~"""' has an apartment transfer fee that
a fixed fee of $250 per unit
N.A.- ~;m=t;KIII.I!,
Reserve - money market
Reserve- Ponce De Leon Federal Bank-
Reserve· Santander Bank, N.A.- money market
Reserve- National Cooperative Bank, N.A. - certificate of
Reserve- Ponce De Leon Federal Bank- certificate of
Continued
the seller of shares or stock, $!5 per share.
2016
114,272
0 64
100,532
210,240
$862,056
PDF page 26 · effective period must be checked in the document
$1 344128
ASSESSMENT/RE TAX REBATE $126 695 $126,536 $138-t1.1L
PARKING INCOME $111,900 $113 390 $113,000
lAUNDRY INCOME $1th800 $16 800 $16 800
TRANSFER FEES so $8 590 $0
INTEREST INCOME $0 $6,235 $0
OTHER REVENUE $10 657 $25 599 $21,399
TOTAL OPERATING INCOME $1 571,031 $1 593 599 S1 633 468
.._, ..,,_,_~ .. ~- .
PAYROLL AND RELATED COSTS $142,460 $144 741 $162 635
REAL ESTATE TAXES $472,244 $460 199 $514,702
MORTGAGE INTEREST $257,425 $257 426 $262,422
MORTAGE PRINCIPAL •·• $107,387 $107,387 $112,390
UTlLITIIES (GAS/ElECTRIC} $28,500 $22 097 $25 ()()()
HEATING COSTS $72,500 $67,034 $76,000
MANAGEMENT FEES $42,62:5 $42 526 $43 801
PROFESSIONAL FEES $18 000 $16 t:i92 $15,950
BUJLOING REPAIRS/GENERAl MAINT $125 840 $90 061 $101,286
BUILDiNG SUPPLIES $21,800 $24 307 $24,965
INSURANCE $71 G76 $61,840 $66 760
WATER/SEWER CHARGES $127 833 $122,372 $125,285
GENERAl & ADMfN ·OTHER $14,520 $13 166 $13,925
STATE & LOCAL CORPORATE TAXES r--- $4,400 $7&§2 $7 600
CONTINGEN