Comprehensive Summary of Income Statement
Income Statement 12 Month Trend
All Properties - Cash
As of Date: 06/17/2025
Location Group: ALL PROPERTIES
Time Period: Trends from 11/25/2023 to 06/25/2025
Income
Rental Income
Scheduled Rent:
Trends from 3,662,103 (11/25/2023) to 3,206,254 (06/25/2025).
Total Actual: 73,529,856
Charitable Units:
Fluctuates, with some months at -0 and others around -1,500.
Total Actual: -35,270
Rent Below Unit Schedule:
Ranges from -64,395 to -181,163.
Total Actual: -1,775,091
Month To Month Fee:
Varies, generally low amounts.
Total Actual: 5,092
Vacancy Loss:
Ranges from -195,117 to -292,576.
Total Actual: -4,546,720
Lost Rent - Admin Units:
Consistent -3,579 except for a few months at -3,679 or -3,711.
Total Actual: -68,847
Lost Rent - Down Units:
Generally in the -2,000 to -5,000 range.
Total Actual: -63,146
Concessions/Discounts:
Ranges from -7,267 to -25,319.
Total Actual: -302,166
Office Unit:
Mostly -0 but with some negative values.
Total Actual: -16,902
Delinquent Rent:
Highly variable, ranging from large negative to positive values.
Total Actual: -504,022
HUD A/R:
Mostly zeros, one month at 1,254.
Total Actual: 1,254
Prepaid Rent:
Ranges widely, both positive and negative.
Total Actual: 113,745
Write-off - Rent:
All negative values, ranging from -19,256 to -101,074.
Total Actual: -1,246,851
Total Rental Income:
Ranges from 2,716,969 to 3,496,258.
Total Actual: 65,090,932
Other Income
Application Fee Income:
Ranges from 10,110 to 17,610.
Total Actual: 255,303
Administrative Fees:
Mostly 0 with one month at 600.
Total Actual: 1,379
Late Charges Income:
Ranges from 37,458 to 62,215.
Total Actual: 1,003,731
NSF Check Fee Income:
Ranges from 1,800 to 3,752.
Total Actual: 52,973
Laundry Room Income:
Varies, around 700-800 typically, some months with 0 or negative values.
Total Actual: 14,318
Vending Income:
Mostly 0 with occasional small amounts.
Total Actual: 236
Parking Income:
Ranges from 5,927 to 7,152.
Total Actual: 131,168
Renter's Insurance Premium:
Ranges from 7,069 to 39,587.
Total Actual: 233,535
Storage Space Rental:
Consistent, around 1,185 to 1,720.
Total Actual: 26,688
Keys, Locks, Lock Changes:
Mostly low values.
Total Actual: 3,498
Legal & Collection Fee Income:
Ranges, higher values at the beginning and end of the period.
Total Actual: 52,786
Pet Rent:
Consistent, around 7,700 to 8,600.
Total Actual: 164,127
Pet Fee Income:
Ranges from 1,529 to 4,998.
Total Actual: 59,932
Furniture Rental Income:
All 0, no income.
Total Actual: 0
Washer/Dryer Rental Income:
Consistent 25 per month.
Total Actual: 500
Cable Revenue Sharing:
Ranges from negative values to around 6,000.
Total Actual: 26,426
Electric Revenue Share:
Ranges from 0 to 2,860.
Total Actual: 20,081
Dmgs/Sec Dep Forf/Relet Fees:
Ranges from 13,414 to 43,909.
Total Actual: 469,390
Write-Off Uncollectible:
All 0.
Total Actual: 0
Interest Income:
Ranges from 7,204 to 15,416.
Total Actual: 215,746
Insurance Proceeds:
High variability, with a very large value in 12/25/2024 due to insurance claim.
Total Actual: 1,870,509
Miscellaneous Income:
Several smaller amounts.
Total Actual: 199,724
Total Other Income:
Ranges from 118,635 to 1,736,513.
Total Actual: 4,802,050
Total Income
Ranges from 2,872,003 to 4,992,668.
Total: 69,892,982
Operating Expenses
Administrative
Copy/Printers: Ranges from 512 to 2,845.
Total: 47,240
Dues, Subscript, License, Fees: Ranges from 1,756 to 14,682.
Total: 170,359
Email Service & Website Maint.: Mostly around 9,600 to 10,000.
Total: 197,265
Internet Service - Office: Ranges from 1,646 to 3,534.
Total: 53,867
Legal-Evictions: Highly variable, from 2,126 to 19,422.
Total: 188,211
Management Activities: A wide range, with a large spike in one month.
Total: 84,866
Office Equip Repair: Significant variation.
Total: 70,222
Office Furn, Equip & Comptr: Smaller amounts.
Total: 12,546
Office Supplies: Ranges from 625 to 3,406.
Total: 31,894
Postage, Courier, & Freight: Mostly around 1,000 to 2,000.
Total: 31,306
Property Internet/Wi-Fi: Zero throughout the period.
Total: 0
Renter's Ins Prem: Stays relatively consistent.
Total: 36,470
Software Fees: Mostly consistent, around 27,000 to 30,000.
Total: 563,200
Telephone - Office and Pool: Ranges from 5,821 to 17,831.
Total: 268,533
Miscellaneous Admin.: Generally low.
Total: 14,867
Total Administrative: Ranges from 39,570 to 119,825.
Total: 1,770,846
Payroll
Office Payroll: Ranges from 54,134 to 159,855.
Total: 2,289,874
Maintenance Payroll: Ranges from 70,619 to 209,973.
Total: 2,793,981
Insurance Benefits: Ranges from 17,896 to 30,327.
Total: 470,929
Payroll Taxes: Ranges from 9,295 to 35,009.
Total: 405,145
Temporary Personnel: Ranges from 5,772 to 29,538.
Total: 347,256
Employee Housing: Ranges from 24,418 to 55,591.
Total: 789,732
Other Payroll Expenses: Relatively small amounts.
Total: 8,982
Total Payroll: Ranges from 239,966 to 468,316.
Total: 7,105,899
Utilities
Electric/Common: Ranges from 9,086 to 65,062.
Total: 801,774
Electric/Vacant: Ranges from 410 to 17,803.
Total: 151,122
Electric/Occupied: Ranges from 423 to 6,095.
Total: 66,091
Gas: Ranges from 4,934 to 26,842.
Total: 293,200
Water & Sewer: Significant expense, ranging from 96,535 to 257,457.
Total: 4,373,837
Utility Conservation Contract: Zero throughout the period.
Total: 0
Vacant Water: Relatively low.
Total: 23,886
Trash Removal: Stays consistent, high expense.
Total: 1,091,739
Elect/Water/Sewer/Trash Billed: Negative values due to billing back to residents.
Total: -4,101,992
Total Utilities: Ranges from negative to positive.
Total: 2,699,657
Contract Services
Landscaper/Regular Services: Generally consistent.
Total: 1,182,356
Landscaper/Seasonal Services: Varies.
Total: 323,103
Cable Contract: Stays consistent when present.
Total: 28,087
Pest Control: Relatively consistent.
Total: 194,362
Utility Reading: Consistent.
Total: 166,333
Security Contract: Varies.
Total: 134,125
Resident Internet: Consistent.
Total: 179,628
Total Contract Services: Ranges from 87,461 to 156,986.
Total: 2,207,994
Repairs and Maintenance
Access Gates Repairs & Maint: Minimal expenses.
Total: 662
Appliance Parts & Repairs: Varies.
Total: 96,172
Bed Bug Treatment: Small expenses.
Total: 15,410
Carpet Clean/Repair: Varies.
Total: 32,017
Electrical Parts & Labor: Fluctuates.
Total: 165,133
Equipment Rental: Very low values.
Total: 1,314
Exterior Repair/Fixtures: Ranges.
Total: 46,013
Fence Repairs: Low, Varies.
Total: 6,849
Fire Sprinkler Repairs: Limited.
Total: 1,393
Golf Cart Repairs: Minimal.
Total: 14,326
Hardware: Varies.
Total: 28,409
HVAC Parts & Labor: High variability.
Total: 252,644
Interior Repair/Fixtures: Generally low expenses.
Total: 44,567
Janitorial Supplies: Relatively consistent.
Total: 47,288
Keys & Locks: Varies.
Total: 36,019
Landscaping Supplies: Changes.
Total: 46,624
Laundry W/D Parts & Repairs: Low amounts.
Total: 3,565
Maid & Housekeeping Services: Low expense.
Total: 21,706
Painting - Exterior: Low.
Total: 18,437
Painting - Interior: Varies.
Total: 88,869
Parking Lot Repairs & Maint.: Lower amounts.
Total: 4,247
Pest Control Supplies: Vary.
Total: 14,267
Plumbing Parts & Labor: Significant expense.
Total: 233,487
Pool Repairs & Supplies: Fluctuates.
Total: 111,632
Porter/Grounds: Consistent expense.
Total: 279,073
Recreation Facilities Rprs/Sup: Lower, changes.
Total: 26,071
Roof Repairs: Small, a few months.
Total: 3,158
Small Hand Tools & Equipment: Varies.
Total: 29,281
Sprinkler Parts & Repair: Low, certain months.
Total: 17,201
Tile/Vinyl Repair: Low amounts.
Total: 6,899
Misc. Repair/Maintenance: Lowest Amounts.
Total: 849
Total Repairs And Maintenance: Ranges from 47,182 to 111,540.
Total: 1,693,582
Turnover Expenses
Carpet Clean/Repair: Ranges from 872 to 4,741.
Total: 53,733
Cleaning: Fluctuation, typically higher.
Total: 329,389
Make-ready Supplies: Significant cost, usually higher.
Total: 634,883
Make-ready Labor: Varies.
Total: 234,945
Painting/Sheetrock: Significant, unstable numbers.
Total: 1,025,449
Vinyl & Tile Repair: Usually, small cost.
Total: 16,703
Misc. Turnover Expense: Lowest.
Total: 31
Total Turnover Expenses: Ranges from 68,320 to 183,644.
Total: 2,295,133
Marketing
Advertising/Publications: Lowest, only 744.
Total: 744
Balloons/Signage: Varies.
Total: 37,074
Brochures: Most 0 except one month.
Total: 16,053
Credit & Criminal Checks: Varies.
Total: 93,939
Locator Fees: Fluctuates.
Total: 57,263
Web Based Advertising: Mostly around 15,000 to 20,000.
Total: 344,362
Marketing & Promotions: A spike of 10,000 one month.
Total: 20,006
Mini Model: Varies but still minimal.
Total: 25,845
Resident Activities: Ranges.
Total: 51,912
Other Marketing: Minimal payments.
Total: 1,286
Total Marketing: Ranges from 18,550 to 44,480.
Total: 648,484
Taxes and Insurance
Accrued Real Property Tax: High and same in the period.
Total: 8,676,355
2006 Prop Tax Refund - Lower Value: Negative value.
Total: -71,678
Accrued Property & Liab Prem: Stable.
Total: 4,037,214
Total Taxes And Insurance: Ranges from 588,582 to 746,553.
Total: 12,641,891
Management Fees
Management Fees: Stable, similar.
Total: 2,838,832
Total Management Fees: Ranges from 49,378 to 157,333.
Total: 2,838,832
Total Operating Expenses
Ranges from 546,791 to 1,908,221.
Total: 33,902,318
Net Income (Before Debt Service)
Ranges from 1,432,152 to 3,246,604.
Total: 35,990,664
Debt Service
Principal:
Ranges widely, including negative values.
Total: 1,094,896
Interest:
Multiple interest lines with varying amounts.
Total Interest: 3,593,267 + 1,607,147
Total Debt Service:
Ranges widely, including negative values.
Total: 10,643,250
Net Income (After Debt Service)
Ranges from 921,469 to 2,656,682.
Total: 25,347,414
Non-Operating Expenses
Recurring Capital Expenses
Appliance Replacement: Fluctuates.
Total: 671,553
Blinds: Minimal payments.
Total: 68,606
Cabinet & Countertop Rplcmnt: Mostly Low.
Total: 75,383
Carpet Replacement: Significant fluctuation.
Total: 338,671
Countertop & Tub Resurface: Range.
Total: 694,760
Make-Ready Package: Varies.
Total: 132,312
HVAC Replacement: Significant swings.
Total: 304,613
Paint Upgrade: Changes.
Total: 273,264
Screens/Windows/Doors: Varies a decent bit.
Total: 158,050
Vinyl & Tile Replacement: Significant.
Total: 1,012,032
Sub-Floor Repairs: Varies.
Total: 44,791
Total Recurring Capital Expenses: Ranges from 77,435 to 369,543.
Total: 3,774,035
Non-Recurring Capital Expenses
Major Appliance Upgrades
Total: $5,782
Major Electrical
Total: $257,215
Major Exterior Repairs
Total: $5,162,216
Major Fencing
Total: $43,574
Major HVAC
Total: $1,415,136
Major Interior Repairs
Total: $268,181
Major Interior Upgrades
Total: $15,981
Major Fire Repairs
Total: $331,464
Major Landscape
Total: $814,319
Major Laundry Room Upgrades
Total: $8,633
Major Marketing
Total: $174,673
Major Mgr's Office Renovation
Total: $10,519
Major Paint - Exterior
Total: $3,738
Major Paint - Interior
Total: $1,250
Major Parking Lot
Total: $417,788
Major Plumbing
Total: $1,035,230
Major Pool Repairs
Total: $340,587
Major Roof Repairs
Total: $172,812
Major Solar Screens
Total: $19,485
Major Stairwells
Total: $102,560
Storm Damage 5-2024
Total: $1,499,768
Insurance Claim
Total: $41,303
Major Other
Total: $188,886
Painting/Sheetrock
Total: $27
Total Non-Recurring Expense
Ranges from $150,931 - $1,201,797
Total: $12,331,127
Renovation Expenses
Exterior Expenses
Signage
0 for all months, Total Exterior Expenses, and Total Renovation Expenses. The total for each of these categories is therefore 0.
Ownership Expenses
Asset Management Fee
Total: $383,857
Auto/Travel Reimbursement
Total: $88,557
Bank Charges
Total: $97,134
Education
Total: $36,470
Incentives
Total: $211,694
Mobile Phone/Pager
Total: $5,675
Payroll Processing
Total: $34,293
Personnel Advertising
Total: $17,143
Uniforms
Total: $60,363
Legal-Partnership
Total: $4,821
Legal Fees-Lawsuit
Total: $107,364
Legal Fees-Closing
Total: $22,300
Tax Preparation
Total: $80,645
Other
Total: $32,134
2006 Prop Tax Refund - Lower Value
Total: $-229,539
Misc. Professional Fees
Total: $105,340
Non-Mortgage Interest Exp
Total: $3,032
Other Ownership Expenses
Total: $15,584
Total: $10,473
Franchise Tax
Total: $113,072
Asset Management Fee
Total: $28,331
Total Ownership Expenses
Ranges from the lowest $ (124,439) to largest $146,536
Total: $1,228,743
Depreciation & Amortization
Depreciation-Building
Total: $2,981,222
Amort.-Loan & Closing Costs
Total: $207,538
Total Depreciation & Amortization
Total: $3,188,760
Total Non-Operating Expenses
Total:* $20,522,665
Net Income
Total:* $4,824,750
Created on: 06/17/2025 8:04 AM PST