| |
Total |
1986 |
1987 |
1988 |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
| DEVELOPMENT/CAPITAL ACCTS |
|
|
|
|
|
|
|
|
|
|
|
|
| Depr. assets acquired |
|
|
|
|
|
|
|
|
|
|
|
|
| Land Development |
|
|
|
|
|
|
|
|
|
|
|
|
| Building Cost |
-2300000 |
-2300000 |
|
|
|
|
|
|
|
|
|
|
| Service structures |
|
|
|
|
|
|
|
|
|
|
|
|
| Architecture & Engineering |
-15000 |
-15000 |
|
|
|
|
|
|
|
|
|
|
| Elevator/Escalator |
|
|
|
|
|
|
|
|
|
|
|
|
| Furniture & Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
| Misc. Administration |
-41000 |
-41000 |
|
|
|
|
|
|
|
|
|
|
| Dev. Costs Expensed |
|
|
|
|
|
|
|
|
|
|
|
|
| Grants & Reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
| Contingency |
-143000 |
-143000 |
|
|
|
|
|
|
|
|
|
|
| Land |
-324000 |
-324000 |
|
|
|
|
|
|
|
|
|
|
| Financing Fees |
-54000 |
-54000 |
|
|
|
|
|
|
|
|
|
|
| Construction Interest |
-122842 |
-122842 |
|
|
|
|
|
|
|
|
|
|
| Internal Interest |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounting Transfers |
57444 |
57444 |
|
|
|
|
|
|
|
|
|
|
| Capitalized Cost |
-2942399 |
-2942399 |
|
|
|
|
|
|
|
|
|
|
| Capital Replacement |
-147193 |
-3523 |
-10900 |
-11554 |
-12247 |
-12982 |
-13761 |
-14587 |
-15462 |
-16390 |
-17373 |
-18415 |
| Ending Value . |
5,703,600 |
|
|
|
|
|
|
|
|
|
|
5,703,600 |
| Capital Before Fin |
2,614,008 |
-2945921 |
-10900 |
-11554 |
-12247 |
-12982 |
-13761 |
-14587 |
-15462 |
-16390 |
-17373 |
5,685,185 |
| Principal Flows . |
|
2,500,000 |
|
|
|
|
|
|
|
|
|
-2500000 |
| Developers Capital |
2,614,008 |
-445921 |
-10900 |
-11554 |
-12247 |
-12982 |
-13761 |
-14587 |
-15462 |
-16390 |
-17373 |
3,185,185 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| OPERATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
| Income |
4,504,366 |
141523 |
331000 |
350860 |
371912 |
394226 |
417880 |
442953 |
469530 |
497702 |
527564 |
559218 |
| Expenses . |
-1542124 |
-52695 |
-113000 |
-119780 |
-126967 |
-134585 |
-142660 |
-151219 |
-160293 |
-169910 |
-180105 |
-190911 |
| Net Avail. for D.S. |
2,962,242 |
88828 |
218000 |
231080 |
244945 |
259642 |
275220 |
291733 |
309237 |
327791 |
347459 |
368306 |
| Debt Service |
-2125818 |
-75818 |
-205000 |
-205000 |
-205000 |
-205000 |
-205000 |
-205000 |
-205000 |
-205000 |
-205000 |
-205000 |
| Ground Rent |
|
|
|
|
|
|
|
|
|
|
|
|
| Participation . |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash Flow |
836424 |
13011 |
13000 |
26080 |
39945 |
54642 |
70220 |
86733 |
104237 |
122791 |
142459 |
163306 |
| Amortization . |
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings B.N.C.C. |
836424 |
13011 |
13000 |
26080 |
39945 |
54642 |
70220 |
86733 |
104237 |
122791 |
142459 |
163306 |
| Non-Cash Charges . |
-942667 |
-55487 |
-83758 |
-84694 |
-85685 |
-86737 |
-87851 |
-89032 |
-90284 |
-91611 |
-93018 |
-94509 |
| Taxable Income |
-106242 |
-42477 |
-70758 |
-58614 |
-45741 |
-32095 |
-17631 |
-2299 |
13953 |
31180 |
49441 |
68797 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| FINANCING SUMMARY |
|
|
|
|
|
|
|
|
|
|
|
|
| Project Cash Flow. |
5,623,274 |
-2810069 |
207100 |
219526 |
232698 |
246659 |
261459 |
277147 |
293775 |
311402 |
330086 |
6,053,491 |
| Developer |
2,383,633 |
-432911 |
2100 |
14526 |
27698 |
41659 |
56459 |
72147 |
88775 |
106402 |
125086 |
2,281,692 |
| Lender |
1,424,023 |
-1725977 |
135000 |
135000 |
135000 |
135000 |
135000 |
135000 |
135000 |
135000 |
135000 |
1,935,000 |
| Investor |
|
|
|
|
|
|
|
|
|
|
|
|
| Other Entities |
1,136,239 |
27744 |
41879 |
42347 |
42843 |
43368 |
43925 |
44516 |
45142 |
45806 |
46509 |
712160 |
| Public |
679379 |
-678924 |
28121 |
27653 |
27157 |
26632 |
26075 |
25484 |
24858 |
24194 |
23491 |
1,124,639 |
|
