| ( bty )( aty ) |
0% |
10% |
12% |
15% |
18% |
20% |
25% |
| Developer( )( ) |
|
|
|
|
|
|
|
| Start-up Oper. Losses (exp.) ( 1 167) |
-2793025 |
-1713798 |
-1579853 |
-1409461 |
-1268078 |
-1186695 |
-1018032 |
| Investment Adj. ( 1 320) |
3597424 |
2281665 |
2102020 |
1868245 |
1670138 |
1554619 |
1312604 |
| Subtotal: Developer( )( ) |
804399 |
567867 |
522168 |
458784 |
402060 |
367924 |
294572 |
| |
|
|
|
|
|
|
|
| Lender ( ****)( ) |
|
|
|
|
|
|
|
| Financing Fees ( 2 158) |
150000 |
136364 |
133929 |
130435 |
127119 |
125000 |
120000 |
| Orig.Mtge(s) ( 2 240) |
-5000000 |
-4545455 |
-4464286 |
-4347826 |
-4237288 |
-4166667 |
-4000000 |
| Mtge Interest ( 2 660) |
6616429 |
3165050 |
2800355 |
2360722 |
2017826 |
1829902 |
1463444 |
| Mtge Amortization ( 2 670) |
1561878 |
604941 |
515201 |
411544 |
334743 |
294401 |
219876 |
| Mtge Amortization ( 2 670) |
3438122 |
748236 |
560832 |
367414 |
243338 |
185961 |
96775 |
| Subtotal: Lender ( ****)( ) |
6766429 |
109136 |
-453969 |
-1077711 |
-1514262 |
-1731403 |
-2099906 |
| |
|
|
|
|
|
|
|
| Investor ( )( ****) |
|
|
|
|
|
|
|
| Equity Residual ( 3 196) |
1 |
|
|
|
|
|
|
| Investment ( 3 310) |
-6197424 |
-4089606 |
-3791687 |
-3399137 |
-3061600 |
-2862444 |
-2438830 |
| Income Taxes (Annual) ( 3 850) |
1846590 |
1063465 |
970670 |
854361 |
759444 |
705506 |
595460 |
| Inc.Taxes:Equity Residual ( 3 880) |
260534 |
56700 |
42499 |
27842 |
18440 |
14092 |
7333 |
| Tax Credit ( 3 890) |
6345000 |
3544298 |
3200952 |
2769051 |
2416524 |
2216770 |
1812387 |
| Subtotal: Investor ( )( ****) |
2254701 |
574858 |
422434 |
252117 |
132807 |
73924 |
-23650 |
| |
|
|
|
|
|
|
|
| Other ( ****)( ) |
|
|
|
|
|
|
|
| Const.Interest ( 4 155) |
743678 |
582038 |
556445 |
521321 |
489656 |
470248 |
426872 |
| Const.Loan ( 4 220) |
|
-555696 |
-631762 |
-729977 |
-811928 |
-858842 |
-953774 |
| Subtotal: Other ( ****)( ) |
743678 |
26342 |
-75317 |
-208656 |
-322272 |
-388595 |
-526902 |
| |
|
|
|
|
|
|
|
| Public ( )( ) |
|
|
|
|
|
|
|
| Income Taxes (Annual) ( 5 850) |
-1846590 |
-1063465 |
-970670 |
-854361 |
-759444 |
-705506 |
-595460 |
| Inc.Taxes:Equity Residual ( 5 880) |
-260534 |
-56700 |
-42499 |
-27842 |
-18440 |
-14092 |
-7333 |
| Tax Credit ( 5 890) |
-6345000 |
-3544298 |
-3200952 |
-2769051 |
-2416524 |
-2216770 |
-1812387 |
| Subtotal: Public ( )( ) |
-8452124 |
-4664463 |
-4214121 |
-3651254 |
-3194407 |
-2936367 |
-2415181 |
| |
|
|
|
|
|
|
|
| Total |
2117083 |
-3386261 |
-3798805 |
-4226720 |
-4496074 |
-4614518 |
-4771066 |
