Page 31 - Anthem House Academic Year 2021-22 Quarter 2

Gainesville Properties III, LLC
Anthem House
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

RENTAL INCOME
5120 - Gross Potential Rent (GPR) 215,310 214,668 215,310 222,445 222,445 222,445 215,310 215,310 215,310 215,310 215,310 215,310 2,604,483 2,583,720 20,763
5125 - Gain/Loss to Lease (25,795) (34,695) (13,810) (20,742) (17,226) (17,180) (15,995) (15,995) (15,995) (15,995) (15,995) (15,995) (225,418) (199,588) (25,830)
GROSS RENTAL INCOME 189,515 179,973 201,500 201,703 205,219 205,265 199,315 199,315 199,315 199,315 199,315 199,315 2,379,065 2,384,132 (5,067)

COST OF LEASING
5220 - Rent Loss-Vacancy (9,600) (6,080) (2,944) (3,057) (3,607) (8,500) (3,840) (3,840) (3,840) (3,840) (3,840) (3,840) (56,828) (52,800) (4,028)
5221 - Rent Loss-Model (1,870) (1,950) (1,790) (1,870) (1,870) (1,870) (1,870) (1,870) (1,870) (1,870) (1,870) (1,870) (22,440) (22,440) 0
5223 - Employee Units 0 0 0 0 0 (1,069) 0 0 0 0 0 0 (1,069) 0 (1,069)
5250 - Concessions (157) (519) (127) (247) (127) (127) 0 0 0 0 0 0 (1,303) 0 (1,303)
5255 - Bad Debt Expense 0 0 0 0 0 (1,374) (524) (524) (524) (524) (524) (524) (4,518) (5,762) 1,243
TOTAL COST OF LEASING (11,627) (8,549) (4,861) (5,174) (5,604) (12,940) (6,234) (6,234) (6,234) (6,234) (6,234) (6,234) (86,158) (81,002) (5,157)
NET RENTAL INCOME 177,888 171,424 196,639 196,529 199,615 192,325 193,081 193,081 193,081 193,081 193,081 193,081 2,292,907 2,303,130 (10,224)

OTHER INCOME
5143 - Internet Income 0 0 18,600 6,200 6,200 6,200 6,200 6,200 6,200 6,200 6,200 6,200 74,400 74,400 0
5920 - Late Charge Income (550) 50 0 0 100 150 0 0 0 0 0 0 (250) 0 (250)
5924 - NSF Check Fee Income 70 0 175 0 70 70 0 0 0 0 0 0 385 0 385
5926 - Administrative Fee 0 0 0 0 0 0 3,500 3,500 3,500 3,500 3,500 3,500 21,000 28,000 (7,000)
5936 - Parking Permit Fees 352 300 330 330 340 585 600 600 600 600 600 600 5,837 7,200 (1,363)
5937 - Month to Month Fees 1,813 1,250 1,750 1,650 1,750 850 0 0 0 0 0 0 9,063 9,213 (150)
5951 - Application Fees 0 0 0 0 0 0 500 500 500 500 500 500 3,000 4,000 (1,000)
5952 - Onetime Pet Fee Income 0 0 0 0 350 (250) 0 0 0 0 0 0 100 0 100
5956 - Utility Income 220 1,037 5,691 9,636 10,368 8,473 6,475 6,475 6,475 6,475 6,475 6,475 74,274 62,499 11,775
5964 - Monthly Pet Rent Income 0 0 0 0 25 25 200 200 200 200 200 200 1,250 1,200 50
5146 - Relet Fee 0 0 0 0 250 0 0 0 0 0 0 0 250 0 250
5142 - Furniture Income 0 0 0 0 5 40 0 0 0 0 0 0 45 0 45
TOTAL OTHER INCOME 1,905 2,637 26,546 17,816 19,458 16,143 17,475 17,475 17,475 17,475 17,475 17,475 189,354 186,512 2,842

TOTAL INCOME 179,793 174,061 223,185 214,345 219,073 208,468 210,556 210,556 210,556 210,556 210,556 210,556 2,482,261 2,489,642 (7,382)

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