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HomeMy Public PortalAbout38-D Income ExpensesNo.FTEEmployee Job TitleSalary/WagesValue of Free Rent On-Site Manager(s)45,0004,320 On-Site Assistant Manager(s) On-Site Maintenance Employee(s)34,000 On-Site Leasing Agent/Administrative Employee(s) On-Site Security Employee(s) Services Coordinator Total Salaries and Value of Free Rent Units79,0004,320 6711Payroll Taxes6,000Show free rent as an 6722Workers Compensation2,000expense? 6723Employee Benefits8,000 On-Site Employee(s) Payroll Taxes, Workers Comp. & Benefits16,000 Total On-Site Employee(s) Expenses95,000 Job Title(s) of Employee(s) Living On-Site Unit Type (No. of bdrms.)Square Footage On-Site Manager(s)1600 00 00 Total Square Footage600 REVENUE - INCOMEResidential Commercial Rent Revenue - Gross Potential 153,000 Restricted Unit Rents 455,952 Unrestricted Unit Rents 288,000 Tenant Assistance Payments 0 0 Operating Subsidies Other: (specify)0 Laundry and Vending Revenue18,468 Garage and Parking Spaces 0 Miscellaneous Rent Revenue 0 Gross Potential Income (GPI)762,420153,000 Vacancy Rate: Restricted Units5.0% Vacancy Rate: Unrestricted Units5.0% Vacancy Rate: Tenant Assistance Payments5.0% Vacancy Rate: Other: (specify)5.0% Vacancy Rate: Laundry & Vending & Other Income 5.0% Vacancy Rate: Commercial Income 5.0% Vacancy Loss(es)38,1217,650 Effective Gross Income (EGI)724,299145,350 5220/5240 Annual Operating Budget Acct. No. 5120/5140 5121 5910 5170 5990 None ANNUAL INCOME AND EXPENSES ON-SITE EMPLOYEE INFORMATION Employee Units Income Limit Yes No Grant_Application-PartD_FINALAnnual Income & Expenses - Page 1 EXPENSESResidential Commercial ADMINISTRATIVE EXPENSES: 6200/6300 Conventions and Meetings Advertising and Marketing3,640360 Other Renting Expenses Office/Administrative Salaries -- from above0 Office Expenses10,600 Office or Model Apartment Rent Management Fee34,5803,420 Social Services Coordinator -- from above0 Site/Resident Manager(s) Salaries -- from above45,000 Administrative Free Rent Unit -- from above4,320 Legal Expense -- Project4,095405 Audit Expense3,185315 Bookkeeping Fees/Accounting Services7,280655 Miscellaneous Administrative Expenses28,2102,790 Social Programs/Social Services TOTAL ADMINISTRATIVE EXPENSES 140,9107,945 EXPENSES (continued) Residential Commercial UTILITIES EXPENSES: 6400 Electricity21,8402,160 Water13,6501,350 Gas13,6501,350 Sewer9,428932 Other Utilities: (specify) TOTAL UTILITIES EXPENSES 58,5685,792 OPERATING AND MAINTENANCE EXPENSES: 6500 Payroll -- from above34,000 Supplies 10,9201,080 Contracts75375 Operating & Maintenance Free Rent Unit -- from above Garbage and Trash Removal13,6501,350 Security Contract1,274126 6531Security Free Rent Unit -- from above0 Heating/Cooling Repairs and Maintenance4,550450 Snow Removal Vehicle & Maintenance Equipment Operation/Reports Miscellaneous Operating and Maintenance Expenses30,9403,060 TOTAL OPERATING & MAINTENANCE EXPENSES 96,0876,141 TAXES AND INSURANCE: 6700 Real Estate Taxes32,7603,240 Payroll Taxes (Project's Share) -- from above6,000 Property and Liability Insurance (Hazard)16,7691,659 Other Insurance (e.g. Earthquake) Fidelity Bond Insurance Worker's Compensation -- from above2,000 Health Insurance/Other Employee Benefits--from above8,000 Miscellaneous Taxes, Licenses, Permits & Insurance TOTAL TAXES AND INSURANCE 65,5294,8996700T 6790 6548 6570 6590 6500T 6710 6711 6720 6729 6721 6722 6723 6546 6451 6452 6453 6400T 6510 6515 6520 6521 6525 6530 6450 6320 6325 6330 6331 6340 6350 6351 6390 6391 6263T Acct. No. 6312 Acct. No. 6203 6210 6250 6310 6311 Grant_Application-PartD_FINALAnnual Income & Expenses - Page 2 ASSISTED LIVING/BOARD & CARE: 6900 Food Recreation and Rehabilitation Rehabilitation Salaries Other Service Expenses: (specify) TOTAL ASSISTED LIVING EXPENSES 00 TOTAL OPERATING EXPENSES 361,09524,777 FUNDED RESERVES: 7200ResidentialCommercial Required Replacement Reserve Deposits20,250 Other Reserves: (specify) Other Reserves: (specify) Other Reserves: (specify) TOTAL RESERVES 20,2500 GROUND LEASEResidentialCommercial Ground Lease TOTAL GROUND LEASE 00 NET OPERATING INCOME 342,954120,573 FINANCIAL EXPENSES: 6800 1st Mortgage Debt Service (Specify)288,56096,187 2nd Mortgage Debt Service (Specify) 3rd Mortgage Debt Service (Specify) Miscellaneous Financial Expenses: (specify) TOTAL FINANCIAL EXPENSES 288,56096,187 CASH FLOW 54,39424,387 Social Programs/Social Services0 Asset Management/Similar Fees0 Per Year Per Month Total Operating Expenses Per Unit 361,09530,091 328,33527,361Without Social Services Coordinator, Social Programs, Social Services, RE Taxes, and Assisted Living Expenses 6391 6590 Without any Adjustments 6820 6830 6840 6890 6800T 6932 6980 6983 6990 6900T 7210 7220 7230 7240 Grant_Application-PartD_FINALAnnual Income & Expenses - Page 3