Page 35 - Prosper Investor Quarterly Report Academic Year 2021-2022 Quarter 2

Baltimore Properties I, LLC
Prosper on Fayette
Financial Analysis Report
Managed by RISE Residential
As of January 31, 2022

08/31/2021 09/30/2021 10/31/2021 11/30/2021 12/31/2021 01/31/2022 02/28/2022 03/31/2022 04/30/2022 05/31/2022 06/30/2022 07/31/2022 Total Original
Actual Actual Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Act/Bud Budget Variance
6569 - Recreation Equipment 0 0 0 0 0 0 0 0 200 0 0 200 400 800 (400)
6570 - Equipment and Tools 2,181 529 956 0 0 0 0 0 0 0 0 0 3,666 2,200 1,466
6571 - Fitness Equipment Repair 0 0 0 0 424 0 0 0 0 0 0 0 424 0 424
6574 - Light Bulbs 0 0 0 35 95 0 0 0 300 0 800 300 1,531 2,000 (469)
6578 - Maintenance Uniforms 0 2,000 0 (995) 0 0 0 750 0 0 0 0 1,754 2,750 (996)
TOTAL REPAIRS & MAINTENANCE 8,364 2,879 1,542 316 519 1,921 2,000 1,550 1,600 2,000 5,371 1,600 29,663 32,421 (2,758)
MARKETING & LEASING
6205 - Advertising/Marketing 505 2,073 862 335 451 868 452 302 302 452 302 302 7,206 4,474 2,732
6212 - Internet Advertising 9,467 9,467 7,390 5,636 5,636 5,757 6,000 6,000 6,000 6,000 6,000 6,000 79,355 76,500 2,855
6214 - Brochures 0 0 0 0 0 0 0 0 600 0 0 0 600 600 0
6218 - Leasing Promotional Activities 2,443 1,294 2,916 3,085 969 988 950 950 950 950 950 950 17,394 14,900 2,494
6261 - Promotional Items 0 0 0 1,634 0 0 0 1,250 0 0 0 0 2,884 2,500 384
TOTAL MARKETING & LEASING 12,415 12,834 11,168 10,690 7,056 7,613 7,402 8,502 7,852 7,402 7,252 7,252 107,439 98,974 8,465
COMMON AREA UTILITIES
6450 - C/A Electricity 3,846 574 2,038 3,059 1,371 7,439 3,858 3,859 3,508 3,508 3,508 3,509 40,075 47,638 (7,563)
6451 - C/A Water & Sewer 160 1,536 1,536 1,536 1,538 1,536 250 250 250 250 250 250 9,344 3,000 6,344
6452 - C/A Natural Gas 1,012 (625) 384 187 339 1,601 345 345 345 345 345 345 4,968 4,140 828
TOTAL C/A UTILITIES EXPENSE 5,018 1,485 3,958 4,782 3,248 10,576 4,453 4,454 4,103 4,103 4,103 4,104 54,387 54,778 (391)

UNIT UTILITIES
6460 - Electricity Vacant Units 715 698 13,421 1,726 1,757 1,898 2,055 2,055 2,055 2,055 1,935 1,935 32,304 24,705 7,599
6461 - Electricity Occupied Units 0 797 7,100 9,654 7,912 9,363 0 0 0 0 0 0 34,828 0 34,828
6463 - Water/Sewer Units 3,420 3,460 3,460 3,460 3,460 3,540 3,540 3,540 3,540 3,540 3,700 3,700 42,360 42,420 (60)
6465 - Internet Service 6,315 6,315 6,315 6,315 6,314 6,315 6,315 6,314 6,315 6,314 6,314 6,314 75,774 75,775 0
TOTAL UNIT UTILITIES EXPENSE 10,450 11,270 30,296 21,155 19,443 21,116 11,910 11,909 11,910 11,909 11,949 11,949 185,266 142,900 42,367

TOTAL UTILITIES 15,468 12,755 34,254 25,937 22,691 31,692 16,363 16,363 16,013 16,012 16,052 16,053 239,653 197,678 41,976
MANAGEMENT FEES
6320 - Management Fee 1,522 1,583 8,414 8,495 9,415 9,269 9,315 9,560 9,753 9,753 10,366 10,249 97,694 97,969 (277)
TOTAL MANAGEMENT FEES 1,522 1,583 8,414 8,495 9,415 9,269 9,315 9,560 9,753 9,753 10,366 10,249 97,694 97,969 (277)

TOTAL CONTROLLABLE EXPENSES 88,068 65,827 100,165 86,133 82,855 107,974 85,188 78,858 86,180 83,754 81,552 89,000 1,035,554 1,021,653 13,900
CONTROLLABLE CASH FLOW (51,595) 28,129 151,221 173,242 186,140 156,040 162,460 175,788 173,968 176,394 196,106 185,309 1,713,203 1,647,944 65,259

TAXES & INSURANCE
6710 - Property Taxes 26,398 26,398 26,398 26,398 26,398 26,398 26,398 26,398 26,398 26,398 26,398 26,398 316,776 316,776 0
6720 - Property Insurance 3,575 2,383 6,385 6,385 6,386 5,117 5,834 5,834 5,833 5,833 5,833 5,833 65,232 70,000 (4,767)
TOTAL TAXES & INSURANCE 29,973 28,781 32,783 32,783 32,784 31,515 32,232 32,232 32,231 32,231 32,231 32,231 382,008 386,776 (4,767)

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