Page 9 - Eagle Landing Academic Year 2021-22 Quarter 2
P. 9
Eagle Landing
Balance Sheet
Managed by RISE Residential
As of January 31, 2022
LIABILITIES AND EQUITY
CURRENT LIABILITIES
A/P Trade 9,785
A/P - Other 5,187
Accrued Expenses 56,632
Accrued Interest Mortgage 192,014
Accrued Real Estate Taxes 56,388
Security Deposit Liability 206,399
Security Deposit Payable 0
Prepaid Rent-Residents 357,138
Due to Management Company 19,793
TOTAL CURRENT LIABILITIES 903,336
LONG TERM LIABILITIES
Notes Payable 47,043,000
TOTAL LONG TERM LIABILITIES 47,043,000
TOTAL LIABILITIES 47,946,336
EQUITY
GP Distribution (12,818,432)
LP Distribution (24,584,302)
Capital Contribution 12,600,000
Capital Contribution 5,400,000
Contributed Capital-Class A Member 10,766,497
Contributed Capital-Class B Member 1,196,277
RETAINED EARNINGS (2,630,791)
NET INCOME 208,968
TOTAL EQUITY (9,861,783)
TOTAL LIABILITIES AND EQUITY 38,084,553
Statements Internally Generated and Unaudited Page 3
