Page 10 - Anthem House Academic Year 2021-22 Quarter 2

Gainesville Properties III, LLC
Anthem House
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
222,445 215,310 7,135 179,490 42,955 5120 - Gross Potential Rent (GPR) 1,312,623 1,291,860 20,763 179,490 1,133,133 2,583,720
(17,180) (15,995) (1,185) 0 (17,180) 5125 - Gain/Loss to Lease (129,448) (103,618) (25,830) 0 (129,448) (199,588)
205,265 199,315 5,950 179,490 25,775 GROSS RENTAL INCOME 1,183,175 1,188,242 (5,067) 179,490 1,003,685 2,384,132
COST OF LEASING
(8,500) (3,840) (4,660) (179,490) 170,990 5220 - Rent Loss-Vacancy (33,788) (29,760) (4,028) (179,490) 145,702 (52,800)
(1,870) (1,870) 0 0 (1,870) 5221 - Rent Loss-Model (11,220) (11,220) 0 0 (11,220) (22,440)
(1,069) 0 (1,069) 0 (1,069) 5223 - Employee Units (1,069) 0 (1,069) 0 (1,069) 0
(127) 0 (127) 0 (127) 5250 - Concessions (1,303) 0 (1,303) 0 (1,304) 0
(1,374) (524) (850) 0 (1,374) 5255 - Bad Debt Expense (1,374) (2,618) 1,243 0 (1,374) (5,762)
(12,940) (6,234) (6,706) (179,490) 166,550 TOTAL COST OF LEASING (48,754) (43,598) (5,157) (179,490) 130,735 (81,002)

192,325 193,081 (756) 0 192,325 NET RENTAL INCOME 1,134,421 1,144,644 (10,224) 0 1,134,421 2,303,130

OTHER INCOME
6,200 6,200 0 0 6,200 5143 - Internet Income 37,200 37,200 0 0 37,200 74,400
150 0 150 0 150 5920 - Late Charge Income (250) 0 (250) 0 (250) 0
70 0 70 0 70 5924 - NSF Check Fee Income 385 0 385 0 385 0
0 3,500 (3,500) 0 0 5926 - Administrative Fee 0 7,000 (7,000) 0 0 28,000
585 600 (15) 0 585 5936 - Parking Permit Fees 2,237 3,600 (1,363) 0 2,237 7,200
850 0 850 0 850 5937 - Month to Month Fees 9,063 9,213 (150) 0 9,063 9,213
0 500 (500) 0 0 5951 - Application Fees 0 1,000 (1,000) 0 0 4,000
(250) 0 (250) 0 (250) 5952 - Onetime Pet Fee Income 100 0 100 0 100 0
8,473 6,475 1,998 0 8,473 5956 - Utility Income 35,424 23,649 11,775 0 35,424 62,499
25 0 25 0 25 5964 - Monthly Pet Rent Income 50 0 50 0 50 1,200
0 0 0 0 0 5146 - Relet Fee 250 0 250 0 250 0
40 0 40 0 40 5142 - Furniture Income 45 0 45 0 45 0
16,143 17,275 (1,132) 0 16,143 TOTAL OTHER INCOME 84,504 81,662 2,842 0 84,504 186,512
208,468 210,356 (1,888) 0 208,468 TOTAL INCOME 1,218,925 1,226,306 (7,382) 0 1,218,925 2,489,642

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