| |
Total |
1988 |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
| DEVELOPMENT/CAPITAL ACCTS |
|
|
|
|
|
|
|
|
|
|
| Field Expense |
|
|
|
|
|
|
|
|
|
|
| Land Development |
|
|
|
|
|
|
|
|
|
|
| Building Cost |
-1138410 |
-596311 |
-542099 |
|
|
|
|
|
|
|
| Tenant Improvements |
|
|
|
|
|
|
|
|
|
|
| Architecture & Engineering |
|
|
|
|
|
|
|
|
|
|
| Elevator/Escalator |
|
|
|
|
|
|
|
|
|
|
| Furniture & Equipment |
|
|
|
|
|
|
|
|
|
|
| Misc. Administration |
|
|
|
|
|
|
|
|
|
|
| Dev. Costs Expensed |
|
|
|
|
|
|
|
|
|
|
| Grants & Reimbursements |
|
|
|
|
|
|
|
|
|
|
| Contingency |
|
|
|
|
|
|
|
|
|
|
| Land |
-500000 |
-500000 |
|
|
|
|
|
|
|
|
| Financing Fees |
-569174 |
|
-569174 |
|
|
|
|
|
|
|
| Construction Interest |
-100509 |
-30798 |
-69711 |
|
|
|
|
|
|
|
| Internal Interest |
|
|
|
|
|
|
|
|
|
|
| Accounting Transfers |
|
|
|
|
|
|
|
|
|
|
| Capitalized Cost |
-2308093 |
-1127108 |
-1180984 |
|
|
|
|
|
|
|
| Capital Replacement |
-295511 |
|
|
-287081 |
-8430 |
|
|
|
|
|
| Ending Value . |
3048160 |
|
|
|
|
|
|
|
|
3048160 |
| Capital Before Fin |
444557 |
-1127108 |
-1180984 |
-287081 |
-8430 |
|
|
|
|
3048160 |
| Principal Flows . |
1138793 |
1127108 |
1180985 |
|
|
|
|
|
|
-1169300 |
| Developers Capital |
1583350 |
|
|
-287081 |
-8430 |
|
|
|
|
1878860 |
| |
|
|
|
|
|
|
|
|
|
|
| OPERATIONS |
|
|
|
|
|
|
|
|
|
|
| Income |
2496984 |
|
|
133036 |
358941 |
386855 |
397431 |
408515 |
371008 |
441198 |
| Expenses . |
-840977 |
|
|
-105046 |
-109712 |
-114586 |
-119681 |
-125004 |
-130567 |
-136381 |
| Net Avail. for D.S. |
1656007 |
|
|
27990 |
249229 |
272269 |
277750 |
283511 |
240441 |
304817 |
| Debt Service |
-945899 |
|
-32617 |
-130469 |
-130469 |
-130469 |
-130469 |
-130469 |
-130469 |
-130469 |
| Ground Rent |
|
|
|
|
|
|
|
|
|
|
| Participation . |
|
|
|
|
|
|
|
|
|
|
| Cash Flow |
710108 |
|
-32617 |
-102479 |
118760 |
141800 |
147281 |
153042 |
109972 |
174348 |
| Amortization . |
69619 |
|
1658 |
7060 |
7800 |
8617 |
9519 |
10516 |
11617 |
12833 |
| Earnings B.N.C.C. |
779727 |
|
-30959 |
-95418 |
126560 |
150417 |
156800 |
163558 |
121589 |
187181 |
| Non-Cash Charges . |
-222682 |
|
-566 |
-13802 |
-34389 |
-35100 |
-20131 |
-20130 |
-20131 |
-78433 |
| Taxable Income |
557046 |
|
-31525 |
-109220 |
92171 |
115317 |
136669 |
143428 |
101458 |
108748 |
| |
|
|
|
|
|
|
|
|
|
|
| FINANCING SUMMARY |
|
|
|
|
|
|
|
|
|
|
| Project Cash Flow. |
2566279 |
-1096311 |
-542099 |
-259091 |
206253 |
272269 |
277750 |
283511 |
134629 |
3289368 |
| Developer |
599391 |
|
-26990 |
-370066 |
-5321 |
25094 |
21283 |
33115 |
-68809 |
991086 |
| Lender |
1445454 |
|
-637128 |
130469 |
130469 |
130469 |
130469 |
130469 |
130469 |
1299769 |
| Investor |
598938 |
-500000 |
5092 |
17642 |
49767 |
77499 |
79531 |
71161 |
38473 |
759772 |
| Other Entities |
-468653 |
-596311 |
127645 |
|
|
|
|
|
|
12 |
| Public |
391150 |
|
-10718 |
-37135 |
31338 |
39208 |
46467 |
48765 |
34496 |
238729 |
|
