Page 38 - 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

TOTAL UTILITIES 17,689 19,695 18,939 22,671 22,401 24,182 15,976 15,976 15,976 15,976 15,976 15,976 221,431 191,711 29,720
MANAGEMENT FEES
6320 - Management Fee 6,292 6,092 7,160 7,285 7,450 7,079 7,370 7,370 7,369 7,370 7,369 7,369 85,577 87,138 (1,560)
TOTAL MANAGEMENT FEES 6,292 6,092 7,160 7,285 7,450 7,079 7,370 7,370 7,369 7,370 7,369 7,369 85,577 87,138 (1,560)
TOTAL CONTROLLABLE EXPENSES 98,784 75,912 28,608 60,417 53,367 59,288 72,713 53,579 54,429 61,175 53,107 53,252 724,631 694,935 29,697

CONTROLLABLE CASH FLOW 81,009 98,149 194,577 153,928 165,706 149,180 137,843 156,977 156,127 149,381 157,449 157,304 1,757,629 1,794,707 (37,078)
TAXES & INSURANCE
6710 - Property Taxes 22,648 22,648 22,648 (47,522) 1,857 22,648 22,648 22,648 22,648 22,648 22,648 22,648 180,815 271,776 (90,962)
6720 - Property Insurance 13,656 7,149 7,149 7,350 7,189 7,189 7,127 7,127 7,127 7,127 7,127 7,127 92,443 85,524 6,918
TOTAL TAXES & INSURANCE 36,304 29,797 29,797 (40,172) 9,046 29,837 29,775 29,775 29,775 29,775 29,775 29,775 273,258 357,300 (84,044)

NET OPERATING INCOME 44,705 68,352 164,780 194,100 156,660 119,343 108,068 127,202 126,352 119,606 127,674 127,529 1,484,372 1,437,407 46,965

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