| ( BTY )( ATY ) |
Total |
1987 |
1988 |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
| Developer( )( ) |
|
|
|
|
|
|
|
|
|
|
|
| Acquisition Fee ( 1 142.9) |
68000 |
68000 |
|
|
|
|
|
|
|
|
|
| Partnership Managmt Fee (exp) ( 1 166.2) |
75000 |
75000 |
|
|
|
|
|
|
|
|
|
| Start-up Oper. Losses (exp.) ( 1 167 ) |
-15028 |
-15028 |
|
|
|
|
|
|
|
|
|
| Funded Expenses ( 1 169 ) |
-155700 |
|
-24233 |
-4138 |
-127328 |
|
|
|
|
|
|
| Operating Reserve ( 1 173 ) |
-104500 |
|
|
|
-104500 |
|
|
|
|
|
|
| Equity Residual ( 1 196 ) |
1413363 |
|
|
|
|
|
|
|
|
|
1413363 |
| Investment ( 1 310 ) |
-200 |
-200 |
|
|
|
|
|
|
|
|
|
| Investment Adj. ( 1 320 ) |
411400 |
-55754 |
95015 |
4138 |
368000 |
|
|
|
|
|
|
| Investment Adj. ( 1 320 ) |
104500 |
|
|
|
|
|
|
|
|
|
104500 |
| Management Fee ( 1 551 ) |
585048 |
23809 |
49441 |
51960 |
55059 |
58030 |
61512 |
65203 |
69115 |
73262 |
77657 |
| Supervisory Mgmt Fee ( 1 553 ) |
50312 |
4000 |
4200 |
4410 |
4631 |
4862 |
5105 |
5360 |
5628 |
5910 |
6205 |
| Net Cash Flow(var:taxexempt) ( 1 698 ) |
8059 |
1429 |
3166 |
3267 |
197 |
|
|
|
|
|
|
| Net Cash Flow (NCF) ( 1 699 ) |
34816 |
|
589 |
1656 |
3240 |
3991 |
4432 |
4029 |
4792 |
5609 |
6479 |
| Subtotal: Developer( )( ) |
2475069 |
101256 |
128177 |
61293 |
199299 |
66883 |
71049 |
74592 |
79535 |
84781 |
1608204 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Lender ( ****)( ) |
|
|
|
|
|
|
|
|
|
|
|
| Orig.Mtge(s) ( 2 240 ) |
-5300000 |
-5300000 |
|
|
|
|
|
|
|
|
|
| Mtge Interest ( 2 660 ) |
6009613 |
318000 |
636000 |
636000 |
636000 |
636000 |
636000 |
634960 |
630723 |
625761 |
620169 |
| Interest (Mtge) Variance ( 2 669 ) |
-544385 |
-59502 |
-144009 |
-104618 |
-97146 |
-79500 |
-53000 |
-6613 |
|
1 |
2 |
| Mtge Amortization ( 2 670 ) |
159326 |
|
|
|
|
|
|
26427 |
39127 |
44090 |
49682 |
| Mtge Amortization ( 2 670 ) |
5140685 |
|
|
|
|
|
|
|
|
|
5140685 |
| Amortization (Mtge) Variance ( 2 679 ) |
-11 |
|
|
|
|
|
|
-11 |
1 |
|
-1 |
| Subtotal: Lender ( ****)( ) |
5465228 |
-5041502 |
491991 |
531382 |
538854 |
556500 |
583000 |
654764 |
669852 |
669852 |
5810536 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Investor ( ****)( ****) |
|
|
|
|
|
|
|
|
|
|
|
| Equity Residual ( 3 196 ) |
3297847 |
|
|
|
|
|
|
|
|
|
3297847 |
| Investment ( 3 310 ) |
-2100000 |
-525000 |
-525000 |
-525000 |
-525000 |
|
|
|
|
|
|
| Return of Investment ( 3 370 ) |
2100000 |
|
|
|
|
|
|
|
|
|
2100000 |
| Net Cash Flow(var:taxexempt) ( 3 698 ) |
395774 |
70037 |
155125 |
160742 |
9874 |
|
|
|
-2 |
|
-2 |
| Net Cash Flow (NCF) ( 3 699 ) |
1705963 |
|
28838 |
81146 |
158763 |
195558 |
217149 |
197407 |
234798 |
274853 |
317451 |
| Income Taxes (Annual) ( 3 850 ) |
348707 |
62562 |
105243 |
85451 |
54369 |
36402 |
18739 |
16607 |
2649 |
-9927 |
-23389 |
| Inc.Taxes:Equity Residual ( 3 880 ) |
-1860590 |
|
|
|
|
|
|
|
|
|
-1860590 |
| Subtotal: Investor ( ****)( ****) |
3887700 |
-392401 |
-235794 |
-197661 |
-301993 |
231960 |
235888 |
214014 |
237445 |
264926 |
3831317 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Other ( )( ) |
|
|
|
|
|
|
|
|
|
|
|
| Const.Interest ( 4 155 ) |
243288 |
66495 |
113875 |
53349 |
9568 |
|
|
|
|
|
|
| Const.Loan ( 4 220 ) |
|
-1222937 |
492206 |
564332 |
166400 |
|
|
|
|
|
|
| Net Cash Flow(var:taxexempt) ( 4 698 ) |
-403833 |
-71466 |
-158291 |
-164009 |
-10071 |
|
|
|
2 |
|
2 |
| Subtotal: Other ( )( ) |
-160545 |
-1227907 |
447789 |
453672 |
165897 |
|
|
|
2 |
|
2 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Public ( )( ****) |
|
|
|
|
|
|
|
|
|
|
|
| Income Taxes (Annual) ( 5 850 ) |
-348707 |
-62562 |
-105243 |
-85451 |
-54369 |
-36402 |
-18739 |
-16607 |
-2649 |
9927 |
23389 |
| Inc.Taxes:Equity Residual ( 5 880 ) |
1860590 |
|
|
|
|
|
|
|
|
|
1860590 |
| Subtotal: Public ( )( ****) |
1511883 |
-62562 |
-105243 |
-85451 |
-54369 |
-36402 |
-18739 |
-16607 |
-2649 |
9927 |
1883979 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Total |
13179336 |
-6623116 |
726921 |
763235 |
547687 |
818942 |
871198 |
926763 |
984184 |
1029486 |
13134038 |
