Page 8 - Prosper Investor Quarterly Report Academic Year 2021-2022 Quarter 2

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

Prior MTD Prior YTD Current
Month to Date 01/31/2022 01/31/2021 Year to Date 01/31/2022 01/31/2021 Fiscal Year
Actual Budget Variance Actual Variance Actual Budget Variance Actual Variance Budget
REVENUE

RENTAL INCOME
419,650 419,650 0 0 419,650 5120 - Gross Potential Rent (GPR) 2,517,900 2,517,900 0 0 2,517,900 5,035,800
(680) 0 (680) 0 (680) 5125 - Gain/Loss to Lease (2,464) 0 (2,464) 0 (2,464) 0
418,970 419,650 (680) 0 418,970 GROSS RENTAL INCOME 2,515,437 2,517,900 (2,464) 0 2,515,437 5,035,800
COST OF LEASING
(166,387) (178,495) 12,108 0 (166,387) 5220 - Rent Loss-Vacancy (1,058,094) (1,094,435) 36,343 0 (1,058,093) (2,135,885)
(2,590) (2,590) 0 0 (2,590) 5221 - Rent Loss-Model (15,540) (15,540) 0 0 (15,540) (31,080)
(3,108) (3,941) 833 0 (3,108) 5223 - Employee Units (17,353) (23,646) 6,293 0 (17,353) (47,292)
(250) 0 (250) 0 (250) 5250 - Concessions (366,729) (367,045) 315 0 (366,729) (367,045)
(6,784) 0 (6,784) 0 (6,784) 5255 - Bad Debt Expense (11,269) 0 (11,269) 0 (11,269) (12,976)
(179,119) (185,026) 5,907 0 (179,119) TOTAL COST OF LEASING (1,468,985) (1,500,666) 31,682 0 (1,468,984) (2,594,278)

239,851 234,624 5,227 0 239,851 NET RENTAL INCOME 1,046,452 1,017,234 29,218 0 1,046,452 2,441,522

OTHER INCOME
13,300 12,775 525 0 13,300 5170 - Parking/Garage Rental 77,881 76,650 1,231 0 77,881 153,300
650 134 516 0 650 5920 - Late Charge Income 2,950 536 2,414 0 2,950 1,340
140 35 105 0 140 5924 - NSF Check Fee Income 245 140 105 0 245 350
0 0 0 0 0 5926 - Administrative Fee 2,600 0 2,600 0 2,600 33,750
2,534 0 2,534 0 2,534 5930 - Resident Damages 2,534 0 2,534 0 2,534 0
0 0 0 0 0 5936 - Parking Permit Fees 0 0 0 0 0 35,000
350 0 350 0 350 5951 - Application Fees 1,775 0 1,775 0 1,775 3,375
0 0 0 0 0 5952 - Onetime Pet Fee Income 500 0 500 0 500 0
0 0 0 0 0 5953 - Fines 250 0 250 0 250 0
100 0 100 0 100 5954 - Replmnt Keys/Cards/Lock Outs 830 0 830 0 830 0
6,719 0 6,719 0 6,719 5956 - Utility Income 36,953 0 36,953 0 36,953 0
250 0 250 0 250 5957 - Transfer Fees 500 0 500 0 500 0
120 80 40 0 120 5964 - Monthly Pet Rent Income 480 480 0 0 480 960
0 0 0 0 0 5146 - Relet Fee 250 0 250 0 250 0
24,163 13,024 11,139 0 24,163 TOTAL OTHER INCOME 127,748 77,806 49,942 0 127,748 228,075

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