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V.04-20-09 v.3.0
<br /> 4. OTHER INCOME:
<br /> a. Tenant Fees
<br /> b. Other Income
<br /> Iaundry Equipment $/DU/Year $0
<br /> Odier(Specify): $4,500
<br /> c. Total Other Income (Total Lines 4a thru 4d) $4,500
<br /> NOTE:FOR HTC ONLY
<br /> If there is a separate charge f'or tenant facilities,offices,parking,garages,club house,swimming pool,
<br /> storage lockers,etc.,the associated costs are not includcd in cligiblc basis.
<br /> 5. TOTAL REVENUE (Lines 3 plus 4e.) $370,236
<br /> B.ANNUAL OPERATING EXPENSES:
<br /> 1. AD�IINISTRAT[VE EXPENSES
<br /> a. Ad�ertisingandMarketing a. $1,000
<br /> b. Management Fee(based on 100%occupancy)
<br /> $/UniUMonth Fee: $60.96
<br /> %of Total Revenue: 83°/ b. $3Q724
<br /> a Legal c. $�00
<br /> d. Auditing d. $3,500
<br /> e. Telephone e. $1,�00
<br /> £ On-Site Management Payroll f. $30,000
<br /> g. Other Administration g. $1,500
<br /> h. Total Administration(Total Lines la thru lg) $68,724
<br /> 2. MAINTENANCE EXPENSES
<br /> a. Elevaror Maintenance/Contract a.
<br /> b. Externiinating b. $1,000
<br /> c. Rubbish Removal c. $3,000
<br /> d. Other Contract Services d. �2,000
<br /> e. Janitor Supplies e. $3,000
<br /> E Maintenance Supplies E $3,000
<br /> g. Grounds Maintenance g. $4,000
<br /> h. Snow Removal h. $3,000
<br /> i. Heat&A/C Repair Services i. $I,000
<br /> j. General Repair Services j. $5,000
<br /> k. PaindDecorating Materials k. $3,000
<br /> I. Maintenance&Jan.Payroll I. $20,000
<br /> m.Other Maintenance and Operating m. $1,500
<br /> n. Odier: n. 515,000
<br /> o. Total Maintenance (Total Lines 2a thru 2n) o. $64,500
<br /> 3. UTILITIES
<br /> a. Electricity a. $22,000
<br /> b. Water&Sewer b. $20,000
<br /> c. Gas and Oil c. $18,000
<br /> d. Total Utilities (Total Lines 3a thru 3c) d. $60,000
<br /> 3.5 UNIQUE OPERATING EXPENSES For Supportive Housing 3.5. $10,000
<br /> 4. INSURA�CE 4. 515,000
<br /> 5. TOTAL�IANAGEMENT AND OYEKATING EXPENSES
<br /> (Add Lines B.lh,B.2o,B.3d,B3.5 and B.4) �218,224
<br /> a.Total:v[gmt and Opera[ing F.apenses Per Unit Per:Vlo.(Line 13.5�Total n Lnits I'_) $433
<br /> b.Total Mgmt.and Operatin�Expeuses Per Room Annually (Line B.�/To[al#i Rooms) $959 M&O$/UnidYear=SS 19�.81
<br /> 6. RESERVES AND ESCROWS
<br /> a. Rcal F,state Taxes- $Per Unit $1,071 X#Units- 545,000 ' LIRC PILOT
<br /> Current Assessed Market Value
<br /> Proposed Market Value after Rehab
<br /> Expected LIRC percentage
<br /> b. Replacement Reserve-$Per Room $99.00 X#Rooms- $22,523
<br /> c. Painting&Dec.Reserve-$/Room X#Rooms= $0 RR and PD Reserves=$22522.50
<br /> d. Miscellaneous Reserves-$Per Room X#Rooms= $0 RR and PD Reserves=$53625/Unit
<br /> e. Total Reserves&Escrows (Total Lines a thru d) $67,523
<br /> 7. EFFECTIVE GROSS EXPENSES (Add lines B.5 and B.6e) $285,746
<br /> (Total Mgmt.and Operating Bxpenses plus Reserves and Escrows)
<br /> 8. NET OPERATING INCOME(Line A.S,Total Revenue,minus Line B.7) $84,490
<br /> MHFAApplication Form RFP/HTC1 6 4/22/2010 428 PM
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