PDF page 16 · effective period must be checked in the document
CCUMULATED DEFICIT
YEARS ENDED DECEMBER 31, 2019 AND 2018
2019 2018
Revenues
Maintenance
Abatement assessment
Interest
Antenna income, net
Laundry
Sublet fee
Late fees and other
$ 308,012 $
18,531
307,987
12,750
2,580
84,719
3,600
9,779
3,042
7,511
84,993
3,600
12,186
3,128
437,961 424,457
Expenses
Mortgage interest
Real estate taxes
SCRIE reimbursement
Water and sewer
Fuel, gas and electric
Hardware and supplies
Insurance
Management fees
Salaries
Payroll taxes and related benefits
Repairs and maintenance
Professional fees
Licenses and permits
Office
Income taxes
59,709
48,821
7,680
43,738
75,799
11,555
28,363
17,400
5,400
61,174
92,796
5,290
33,396
91,218
10,146
26,985
17,400
5,400
478 494
88,198
12,136
68,610
28,657
708 670
2,849
5,661
408,495
2,836
475
445,547
29,466 (21,090)Income (Loss) from Operations
Other (Income) Expenses
Real estate tax refunds-prior years, net
Depreciation
Interest-amortization of mortgage costs
(523,781)
53,869
4,031
53,869
4,031
(28,434) 4
PDF page 24 · effective period must be checked in the document
Corp.
2020
$ 84,500.00Rental from Antenas(net)
Maintenance $ 308,000.00
$ 12,750.00Less Co-op Abatement
$ 3,600.00Laundry
$ 1,800.00Other
$ 11,850.00Sublet Fee
$ 12,750.00Assessment
$ 435,250.00Total
Expense__________
Labor & Payroll Taxes $ 6,000.00
$ 72,000.00Fuel
$ 12,800.00Utilities
$ 6,000.00Supplies__________
Repairs & Maintenance $ 71,935.00
$ 17,400.00Management Fees
Professional Fees $ 6,500.00
$ 28,600.00Insurance
$ 1,000.00Miscellaneous
$ 102,385.00Mortgage I
Permits j
Real Estate Taxes
$ 1,800.00
$ 68,000.00
$ 40,000.00Water & Sewer
$ 830.00Corporate Taxes
$ 435,250.00Total Disbursment
$Total Profit/Loss
EXHIBIT “D