Page 42 - 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
REVENUE

GROSS RENTAL INCOME 419,650 421,483 418,527 419,345 417,460 418,970 419,650 419,650 419,650 419,650 419,650 419,650 5,033,337 5,035,800 (2,464)
COST OF LEASING (396,432) (334,637) (195,852) (181,302) (181,642) (179,119) (185,026) (191,903) (185,026) (185,026) (170,266) (176,366) (2,562,597) (2,594,278) 31,682
NET RENTAL INCOME 23,218 86,846 222,675 238,043 235,818 239,851 234,624 227,747 234,624 234,624 249,384 243,285 2,470,740 2,441,522 29,218

OTHER INCOME 13,255 7,110 28,711 21,332 33,177 24,163 13,024 26,899 25,524 25,524 28,274 31,024 278,017 228,075 49,942
TOTAL INCOME 36,473 93,956 251,386 259,375 268,995 264,014 247,648 254,646 260,148 260,148 277,658 274,309 2,748,757 2,669,597 79,160

CONTROLLABLE EXPENSES
PAYROLL OFFICE 21,642 13,733 17,892 22,514 17,668 18,154 24,203 18,238 18,113 24,078 18,613 18,614 233,464 236,755 (3,291)
PAYROLL MAINTENANCE 5,000 5,000 5,041 7,432 8,572 8,786 8,814 8,813 8,814 8,814 8,814 8,813 92,711 105,760 (13,049)
PAYROLL RELATED EXPENSES 4,593 3,019 3,583 4,308 4,030 5,279 5,247 4,488 4,472 5,231 4,536 4,536 53,323 57,705 (4,382)
TOTAL PAYROLL 31,235 21,752 26,516 34,254 30,270 32,219 38,264 31,539 31,399 38,123 31,963 31,963 379,498 400,220 (20,722)

GENERAL & ADMINISTRATIVE 15,872 11,703 8,053 9,740 10,039 12,896 9,480 8,980 7,399 8,100 8,184 7,719 118,165 114,123 4,041
PROFESSIONAL FEES 0 0 0 0 0 0 0 0 0 0 0 0 0 8,000 (8,000)
CONTRACT SERVICES 3,192 2,321 10,218 (3,299) 2,865 12,184 2,364 2,364 12,164 2,364 2,364 12,164 61,262 70,268 (9,005)
TURNOVER EXPENSE 0 0 0 0 0 180 0 0 0 0 0 2,000 2,180 2,000 180
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 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
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 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 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)

NET OPERATING INCOME (81,568) (652) 118,438 140,459 153,356 124,525 130,228 143,556 141,737 144,163 163,875 153,078 1,331,194 1,261,168 70,026
CASH FLOW BEFORE DEBT SERVICE (81,568) (652) 118,438 140,459 153,356 124,525 130,228 143,556 141,737 144,163 163,875 153,078 1,331,194 1,261,168 70,026

DEBT SERVICE 0 55,156 58,871 56,972 56,972 60,770 68,522 68,522 68,522 68,522 68,522 68,522 699,873 822,264 (122,391)
CASH FLOW AFTER DEBT SERVICE (81,568) (55,808) 59,567 83,487 96,384 63,755 61,706 75,034 73,215 75,641 95,353 84,556 631,321 438,904 192,417
CAPITAL EXPENDITURES 0 1,110 0 4,695 (76) 13,028 0 0 0 0 0 0 18,758 0 18,758
CASH FLOW BEFORE DEPREC/ (81,568) (56,918) 59,567 78,792 96,460 50,727 61,706 75,034 73,215 75,641 95,353 84,556 612,563 438,904 173,660
AMORT

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