| |
Total |
1987 |
1988 |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
| DEVELOPMENT/CAPITAL ACCTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depr. assets acquired |
-1270750 |
-1270750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Land Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Building Cost |
-2899014 |
-2899014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Service structures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Architecture & Engineering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Elevator/Escalator |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Furniture & Equipment |
-653936 |
-653936 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Misc. Administration |
-2594 |
-2594 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dev. Costs Expensed |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Grants & Reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Contingency |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Land |
-1015000 |
-1015000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Fees |
-2736406 |
-219120 |
-2517286 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Construction Interest |
-575492 |
-276341 |
-299151 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Internal Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accounting Transfers |
575492 |
276341 |
299151 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capitalized Cost |
-8577700 |
-6060414 |
-2517286 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital Replacement |
-360056 |
-9731 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
| Ending Value . |
13137194 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13137194 |
| Capital Before Fin |
4199438 |
-6070145 |
-2540641 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
13113839 |
| Principal Flows . |
3182503 |
6007755 |
469495 |
433950 |
433950 |
433950 |
433950 |
364650 |
|
|
|
|
|
|
|
|
-5395197 |
| Developers Capital |
7381941 |
-62390 |
-2071146 |
410595 |
410595 |
410595 |
410595 |
341295 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
-23355 |
7718642 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OPERATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income |
16143739 |
422251 |
1048099 |
1048099 |
1048099 |
1048099 |
1048099 |
1048099 |
1048099 |
1048099 |
1048099 |
1048099 |
1048099 |
1048099 |
1048099 |
1048099 |
1048099 |
| Expenses . |
-6457734 |
-272231 |
-416835 |
-411967 |
-411916 |
-411878 |
-411852 |
-411840 |
-411845 |
-411866 |
-411907 |
-411967 |
-412051 |
-412160 |
-412295 |
-412461 |
-412659 |
| Net Avail. for D.S. |
9686005 |
150020 |
631264 |
636132 |
636183 |
636221 |
636247 |
636259 |
636254 |
636233 |
636192 |
636132 |
636048 |
635939 |
635804 |
635638 |
635440 |
| Debt Service |
-8900270 |
-87630 |
-565249 |
-597403 |
-597141 |
-596854 |
-596540 |
-596194 |
-595816 |
-595401 |
-594946 |
-594447 |
-593899 |
-593301 |
-592643 |
-551574 |
-551234 |
| Ground Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Participation . |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash Flow |
785735 |
62390 |
66015 |
38729 |
39042 |
39367 |
39707 |
40065 |
40438 |
40832 |
41246 |
41685 |
42149 |
42638 |
43161 |
84064 |
84206 |
| Amortization . |
443503 |
|
13237 |
15774 |
17296 |
18966 |
20797 |
22804 |
25005 |
27419 |
30065 |
32967 |
36149 |
39639 |
43465 |
47660 |
52261 |
| Earnings B.N.C.C. |
1229238 |
62390 |
79251 |
54503 |
56339 |
58333 |
60504 |
62869 |
65443 |
68250 |
71311 |
74652 |
78298 |
82277 |
86626 |
131725 |
136467 |
| Non-Cash Charges . |
-4667583 |
-211193 |
-435733 |
-389631 |
-356700 |
-342978 |
-324482 |
-318191 |
-261501 |
-253331 |
-247493 |
-245061 |
-261745 |
-273659 |
-253330 |
-247493 |
-245061 |
| Taxable Income |
-3438345 |
-148803 |
-356481 |
-335128 |
-300361 |
-284646 |
-263978 |
-255322 |
-196058 |
-185080 |
-176182 |
-170409 |
-183447 |
-191382 |
-166704 |
-115769 |
-108595 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FINANCING SUMMARY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Project Cash Flow. |
18120031 |
-5697505 |
707554 |
712422 |
712473 |
712511 |
712537 |
712549 |
712544 |
712523 |
712482 |
712422 |
712338 |
712229 |
712094 |
711928 |
13848925 |
| Western Housing |
4823693 |
-51606 |
69979 |
444738 |
444745 |
444751 |
444758 |
375465 |
10823 |
10831 |
10839 |
10848 |
10857 |
10867 |
10877 |
11695 |
2563227 |
| Lender |
7311609 |
-206932 |
-5616209 |
553932 |
553819 |
553696 |
553561 |
553412 |
553249 |
553071 |
552875 |
552660 |
552424 |
552167 |
551884 |
551574 |
5946431 |
| Individual Limited Partner |
3330923 |
71396 |
99266 |
82339 |
76700 |
74241 |
70965 |
104348 |
276982 |
275346 |
274067 |
175008 |
39771 |
41333 |
37478 |
49035 |
1582647 |
| Other Entities |
6536359 |
-5215671 |
6734714 |
205122 |
200356 |
198196 |
195347 |
228788 |
402950 |
401400 |
400123 |
300950 |
165018 |
166005 |
162500 |
134796 |
1855765 |
| IRS |
-3882553 |
-294692 |
-580196 |
-573709 |
-563147 |
-558372 |
-552093 |
-549464 |
-531459 |
-528124 |
-525421 |
-327043 |
-55731 |
-58142 |
-50645 |
-35171 |
1900855 |
|
