Page 40 - 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

CASH FLOW BEFORE DEBT SERVICE 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
DEBT SERVICE
6820 - Interest Expense 0 0 0 0 0 98,508 31,419 31,419 31,419 31,419 31,419 31,419 287,022 282,771 4,251
TOTAL DEBT SERVICE 0 0 0 0 0 98,508 31,419 31,419 31,419 31,419 31,419 31,419 287,022 282,771 4,251

CASH FLOW AFTER DEBT SERVICE 44,705 68,352 164,780 194,100 156,660 20,835 76,649 95,783 94,933 88,187 96,255 96,110 1,197,349 1,154,636 42,714

CAPITAL EXPENDITURES
1504 - Furniture-Units (3,137) 0 0 0 0 0 0 0 0 0 0 0 (3,137) 0 (3,137)
1525 - Asphalt & Concrete (4,620) 0 0 0 0 0 0 0 0 0 0 0 (4,620) 0 (4,620)
TOTAL CAPITAL EXPENDITURES (7,757) 0 0 0 0 0 0 0 0 0 0 0 (7,757) 0 (7,757)
CASH FLOW BEFORE DEPREC/ 52,462 68,352 164,780 194,100 156,660 20,835 76,649 95,783 94,933 88,187 96,255 96,110 1,205,107 1,154,636 50,471
AMORT

DEPRECIATION/AMORTIZATION
8000 - Depreciation - FF&E 0 7,301 9,450 9,221 9,221 9,222 9,221 9,221 9,221 9,221 9,221 9,221 99,742 99,741 1
8003 - Amortization - Loan Fees/Transaction 0 5,968 5,968 5,968 5,968 5,968 5,968 5,968 5,968 5,968 5,968 5,968 65,647 65,648 0
Cost
8005 - Deprec Expense-Building 0 51,325 51,358 51,359 51,404 51,413 51,413 51,413 51,413 51,413 51,413 51,413 565,337 565,336 1
TOTAL DEPREC/AMORT 0 64,594 66,776 66,548 66,593 66,603 66,602 66,602 66,602 66,602 66,602 66,602 730,726 730,725 2

CASH FLOW AFTER DEPREC/AMORT 52,462 3,758 98,004 127,552 90,067 (45,768) 10,047 29,181 28,331 21,585 29,653 29,508 474,381 423,911 50,470
AND OTHER EXP.

RECONCILIATION TO GAAP NET IN-
COME (LOSS)
CAPITAL EXPENDITURES
1525 - Asphalt & Concrete 4,620 0 0 0 0 0 0 0 0 0 0 0 4,620 0 4,620
1504 - Furniture-Units 3,137 0 0 0 0 0 0 0 0 0 0 0 3,137 0 3,137
TOTAL CAPITAL EXPENDITURES 7,757 0 0 0 0 0 0 0 0 0 0 0 7,757 0 7,757
GAAP NET INCOME (LOSS) 44,705 3,758 98,004 127,552 90,067 (45,768) 10,047 29,181 28,331 21,585 29,653 29,508 466,622 423,911 42,711

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