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EXHIBIT A
ANNUAL REPORT
$24,000,000 *
Newport News Redevelopment and Housing Authority
Multifamily Housing Revenue Bonds
(Stuart Gardens II Apartments)
Series 2026
Report for Period Ending
THE PROJECT
Name: Stuart Gardens II Apartments
Address:
Occupancy:
Number of Units:
Number of Units Occupied as of Report Date:
OPERATING HISTORY OF THE PROJECT
The following table sets forth a summary of the operating results of the Project for fiscal year ended
, as derived from the Borrower鈥檚 [un]audited financial statements.
Revenues
Operating Expenses1
Net Operating Income
Debt Service on the Loan
Net Operating Income/(Loss)
After Debt Service
The average occupancy of the Project for the fiscal year ended , was %.
1
Excludes depreciation and other non-cash expenses, includes management fee.
* Preliminary; subject to change.
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