Page 8 - Preserve at Tech Investor Quarterly Report Academic Year 2021-2022 Quarter 2
P. 8
The Preserve at Tech Ruston Properties I, LLC
Balance Sheet
Managed by RISE Residential
As of January 31, 2022
LIABILITIES AND EQUITY
CURRENT LIABILITIES
A/P Trade 24,288
A/P - Other 4,320
Accrued Expenses 9,193
Accrued Real Estate Taxes 14,583
Security Deposit Liability 24,720
Prepaid Rent-Residents 61,022
Due to Management Company 9,195
TOTAL CURRENT LIABILITIES 147,321
LONG TERM LIABILITIES
Notes Payable 21,798,585
TOTAL LONG TERM LIABILITIES 21,798,585
TOTAL LIABILITIES 21,945,906
EQUITY
GP Distribution (22,306)
LP Distribution (118,693)
Distributions (1,295,282)
Contributed Capital-Class A Member 12,500,000
Contributed Capital-Class B Member 2,350,000
NET INCOME 138,423
TOTAL EQUITY 13,552,142
TOTAL LIABILITIES AND EQUITY 35,498,048
Statements Internally Generated and Unaudited Page 2
