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NDC Covenant Village in Belle Glade - 144 Units

Schedule E: Taxable Income

Annual

  Total 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
Net Avail.for Debt Svc. 4,105,226   410523 410523 410523 410523 410523 410523 410523 410523 410523 410523
Ground Rent                        
Participation                        
1st Mortgage Interest -2323076   -250497 -247330 -243883 -240132 -236048 -231604 -226768 -221503 -215774 -209538
2cd Mortgage Interest -109673   -10967 -10967 -10967 -10967 -10967 -10967 -10967 -10967 -10967 -10967
Credit Enhancement                        
Debt Service Acctg.Adj.                        
Schedule #Dep.3815384 1 27.5yrs -1387412   -138741 -138741 -138741 -138741 -138741 -138741 -138741 -138741 -138741 -138741
Schedule #Dep. 441523 1 5 yrs -441523   -88305 -88305 -88305 -88305 -88305          
Schedule #Dep. 207423 1 25 yrs -82969   -8297 -8297 -8297 -8297 -8297 -8297 -8297 -8297 -8297 -8297
Schedule #Dep. 0 1 5 yrs -208549   -2781 -8342 -13903 -19465 -25026 -27807 -27807 -27807 -27807 -27807
Total -447977   -89065 -91459 -93574 -95384 -96862 -6894 -2057 3207 8937 15173


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