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Previous indexed page 路 33 Page 34 Next indexed page 路 35 Newport News Redevelopment and Housing Authority
Site Budgets (Annual)
January 1, 2026 - December 31, 2026
Marshall Aqueduct Pinecroft Ashe
Totals, Low-Rent}| Courts 302 311 313 Manor 324
Family/Elderly Family Family Mixed Senior
Scattered Site? No No No No
Year Built 1941 1971 1986 2004
Recently Renovated? No No No No
Units 711 259 262 140 50
Average Bedroom Size 2 2 2 1 1
% Occupancy 98.0% 97.0% 98.0% 99,0% 98.0%
REVENUE
PUM 318.88 227.81 347.43 330.34
Gross Potential Rent $ 2,489,200 | $ 981,079 $ 716,235 $ 583,682 $ 198,204
Less: Vacancy Loss $ (53,858)| $ (29,732) $ (14,325) $ (5,837) $ (3,964)
Net Tenant Rental Revenue $ 2,435,342 | $ 961,347 $ 701,910 $ 577,846 $ 194,240
Total Subsidy Eligibility $ 4,293,342) $ 1,981,320 $ 1,562,059 $ 545,911 $ 204,052
Less: Est.Proration @ 98.78% $ (52,379)] $ (24,172) $ (19,057) $ (6,660) $ (2,489)
Net Operating Subsidy $ 4,240,963 |$ 1,957,148 $ 1,543,002 $ 539,251 $ 201,563
Non-dwelling Rentals g 35,887 | $ 35,887 $ - 搂 - 搂 -
Excess Utility Charges $ 30,000 | $ 30,000 $ - 搂 - 搂$ -
Capital Fund Operating (1406) 3 373,784 | $ - $ 162,254 搂 108,913 $ 102,647
Capital Mgmt/Safety Improvements (408) $ 50,000 | $ - $ 50,000 $ - $ -
Donations from City $ 50,000 | $ 20,000 $ 30,000 $ - $ -
Investment Income $ 59,000 |] $ 57,000 $ 1,000 $ 700 $ 300
Tenant Charges & Services $ 71,600 | $ 44,000 $ 21,000 $ 5,600 $ 1,000
Total Revenue $ 7,346,577 | $ 3,105,382 $ 2,509,166 $1,232,309 $ 499,720
EXPENSES
Administrative Salaries + Benefits $ 765,620 317,603 257,528 129,594 60,896
Occupancy Salaries + Benefits $ 84,516 30,787 31,144 16,642 5,943
Rent Collection Salaries + Benefits $ 5,426 1,960 2,003 1,081 382
Work Order Salaries + Benefits $ 83,106 83,106 - - -
Audit $ 34,900 15,100 11,500 6,100 2,200
Property Mgmt Fee = $ 76.89 $ 644,492 234,490 236,907 127 883 45,211
Bookkeeping Fee $ 7.50 搂 70,460 30,468 23,108 12,474 4410
Training $ 13,500 5,000 4,500 3,000 1,000
Travel/Local $ 210 35 100 50 25
Legal $ 12,300 5,000 5,000 1,800 500
Administrative/Operating $ 208,000 86,000 53,000 46,000 23,000
Total Administrative $ 1,922,530 | $ 809,548 $ 624,790 $ 344,624 $ 143,568
Resident Services Salaries+Ben $ 289,854 | $ 105,587 $ 106,810 $ 57,074 $ 20,384
Resident Services Activities $ 16,475 |S 6,100 $ 5,925 $ 3,275 $ 1,175
Neigh. Network Lab Sal. & Ben. $ 84,734 | $ 84,734 $ a $ = $ =
Total Tenant Services $ 391,063 | $ 196,420 $ 112,735 $ 60,349 $ 21,559
Gas $ 83,000 | $ 30,000 $ - $ 38,006 $ 15,000
Electric $ 455,000 | $ 223,000 $ 51,000 $ 126,000 $ 55,000
Water $ 375,000 | $ 130,000 $ 185,000 $ 49,000 $ 11,000
Sanitation $ 1,106,000 | $ 386,000 $ 586,000 $ 100,000 $ 34,000
Total Utilities $ 2,019,000 | $ 769,000 $ 822,000 $ 313,000 $ 115,000
Newport News Redevelopment and Housing Authority - Proposed CY 2026 Budget Jump to an indexed page (66 of 66) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 Report a privacy or text-extraction issue through publication requests .