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AGENDA; REGULAR BOD MEETING OF October 7, 2015

GUAM HOUSING CORPORATION REGULAR BOARD OF DIRECTORS MEETING

OF Wednesday, October 7, 2015 AGENDA

I. Call to Order

II. Roll Call

III. Approval of Board Minutes

- Regular Board of Director Meeting of August 25, 2015

IV. Legal Report

V. Old Business

VI. New Business

- CLTC Loan Approvals

- Offer for OREO Agat Property

- Rental Write-offs

VII. Reports

1) President’s Report

2) Management Reports

a. Accounting Report

b. QAO Report

c. Loan Report

d. Rental Report

VIII. Employee Participation

IX. Public Participation

X. Miscellaneous

XI. Adjournment

Guam Housing Corporation August 2015

Financial Highlights Direct Loans Closed Loan Total

Qty Amount Disbursement Oct-14 0 0.00 0.00 Nov-14 1 131,200.00 131,200.00 Dec-14 1 180,000.00 186,750.00 Jan-15 0 0.00 15,000.00 Feb-15 0 0.00 0.00 Mar-15 1 78,000.00 0.00 Apr-15 0 0.00 7,020 .00

May-15 0 0.00 7,020.00 Jun-15 3 390,000.00 396,040.00 Jul-15 1 175,000.00 192,550.00

Aug-15 1 125,000.00 24,570.00 Year to Date - Direct 8 1,079,200.00 960,150 .00

6% Loan Total Qty Amount Disbursement

Oct-14 0 0.00 68,580.00 Nov-14 1 150,000.00 177,000.00 Dec-14 0 0.00 49,860.00 Jan-15 1 210,000.00 0.00 Feb-15 0 0.00 45,000.00 Mar-15 0 0.00 67,527.00 Apr-15 0 0.00 202,177.00 May-14 1 218,000.00 236,900.00 Jun-15 0 0.00 73,350.00 Jul-15 0 0.00 18,558.00

Aug-15 0 0.00 20,000.00 Year to Date - 6% 3 578,000.00 . 958,952.00

Cahat Loan Total

Qty Amount Disbursement Oct-14 1 40,000.00 40,000.00 Nov-14 0 0.00 0.00 Dec-14 0 0.00 0.00 Jan-15 0 0.00 0.00 Feb-15 0 0.00 0.00 Mar-15 0 0.00 0.00 Apr-15 0 0.00 0.00 May-15 0 0.00 0.00 Jun-15 0 0.00 0.00 JUI-15 0 0.00 0.00

Aug-15 0 0.00 0.00 Year to Date - CAHAT 1 40,000.00 40,000.00

Combine Total Loan Total Qty Amount Disbursement

Oct-14 1 40,000.00 108,580.00 Nov-14 2 281,200.00 308,200.00 Dec-14 1 180,000.00 236,610.00 Jan-15 1 210,000.00 15,000.00 Feb-15 0 0.00 45,000.00 Mar-15 1 78,000.00 67,527.00 Apr-15 0 0.00 209,197.00

May-15 1 218,000.00 243,920.00 Jun-15 3 390,000.00 469,390.00 Jul-15 1 175,000.00 211,108.00

Aug-15 1 125,000.00 44,570.00 Year to Date Total 12 1,697,200.00 1,959,102.00

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First Time Home Owners

Year to Date Total

FY 2012 FTHO Disbursements FY 2013 FTHO Disbursements FY 2013 FTHO Disbursements FY 2014 FTHO Disbursements Disbursed prior years

Total Disbursed

Total Disbursed FY 2012 & FY 2013

Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15

Aug-15

Total Disbursed FY 2013, FY 2014 & FY 2015

Committed as of Aug-2015 Committed as of Aug-2015 Total Committed Aug-2015

Total Committed & disbursed as of Aug-2015

Funds received from DOA June 13, 2013 Funds received from DOA December 05,2014 Less DOA funds disbursed as of Aug-2015 Less DOA funds committed as of Aug-2015 Funds available under DOA

Two payoffs during the month under GHC's portfolio Total principal collected Interest collected

One payoff during the month under the Cahat portfolio Total principal collected

One payoff during the month under the Down Payment Program Total principal collected

Total Payoffs - Principal Collected

Foreclosures- Principal Balance at time of foreclosure

Loans written off (Principal written off)

20f9

Qty 8 8

15 10 9 8

18 6

12 11 6

111

15 50 34

102 201

312

65 247 - -_. 312

2 42 44

356

Month 105,405.01

685.74

11,722.12

2,935.10

120,062.23

0.00

Funds from Disbursed DOA 60,373.08 DOA 52,709.06 DOA 116,208.44 DOA 75,315.48 DOA 59,373.80 DOA 53,686.07 DOA 135,154.79 DOA 32,156.55 DOA 82,585.70 DOA 66,240.14 DOA 46,382.28

780,185.39

GHC 107,513.31 GHC 357,106.08 DOA 243,058.30 DOA 708,628.13

1,416,305.82

2,196,491.21

GHC 464,619.39 DOA 1,731,871.82

2,196,491.21

GHC 19,054.14 DOA 290,893.81

309,947.95

2,506,439.16

1,228,771.42 900,000.00

(1,731,871.82) (290,893.81 ) 106,005.79

Yeat to Date Qty Amount

17 528,217.20 2,817.73

1 11,722.12

2 6,352.70

20 546,292.02

o 0.00

15,458.61

Adjusted the Investment and Cash with trustees Increased the Interest Income for Investment held by by bond trustee to equal to market value

No adjustment was made to the rebate liability for the month Note: Arbitrage Yield 5.229417% . Interest earned this month 7,305.90

Note: One employee's salaries & benefits has been being accrued since 2/6/2013 to 07130/2015

Annual Leave as of PPE 07/25/2015 (543 bal.) (320 max) Sick Leave as of PPE 07/25/2015 (2,252 bal. • average of the 3 highes Medicare expense for Leave payout DC Insurance Legal Fees paid from January 2013· July 2015 Legal Fees· Somerfleck & Associates

Total as of July 2015 • Employee - retired July 31, 2015

GHC Loan Portfolio increased from last year Loans Receivable - Unrestricted Loans Receivable - Restricted

Principal payoffs between the two periods Foreclosures - Principal amount between the two periods Write Ofts - Principal amount between the two periods Total loan disbursements between the two periods Difference (regular payments) Average monthly payments

Interest Income on Loans Rec. decreased compared to last year

Weighted average interest rate on loans receivable

Non accrued interest (90 days & Over) Number of loans non accrued (less cahat & down payment)

Interest Expense decreased compared to last year

Investments and cash with trustees decreased

Interest earned between the two fiscal years Total adjustment to Market Value between the two fiscal years Disbursements for principal payments on bond between the two fiscal years Disbursements for interest payments on bond between the two fiscal years Disbursement for trustee fees between the two fiscal years Rebate Liability paid between the two fiscal years

Interest on investments held by bond trustees decreased

Interest earned Adjustment to market value Adjustment to the rebate liability Adjustment due to the Interim Arbitrage Rebate Analysis Report

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5,309.39

175,455.77 8,339.20

27,823.46 524.36

1,217.07 23,587.14 21,275.00

258,222.00

August 2015

27,927,711.56 0.00

- 27,927,71T.56-

1,379,178.63

5.63840%

269,741.43 41.00

0.00

3,666,189.50

80,360.41

83,538.35 (5,860.31 )

0.00 2,682.37

80,360.41

August 2014

22,133,064.73 5,435,094.36

27,568,159.09

1,447,582.40

5.76991%

220,942.18 39.00

30,906.35

4,069,021.13

119,931.97

96,055.50 30,509.65

(14,565.44) 7,932.26

119,931.97

Difference

5,794,646.83 (5,435,094.36)

359,552.47

(528,217.20) 0.00

(369.94) 1,964,932.00 1,076,792.39

89,732.70

(68,403.77)

-0.13151%

48,799.25 2.00

(30,906.35)

(402,831.63)

92,543.23 (3,430.36)

(230,000.00) (247,882.50)

(14,062.00) 0.00

(402,831.63) 0.00

(39,571.56)

(12,517.15) (36,369.96) 14,565.44 (5,249.89)

(39,571.56)

August August 2015 2014 Difference

Foreclosed assets held for resale decreased 287,739.00 399,949.01 (112,210.01 )

Acquired 0 houses through foreclosures or deed between the two periods 0.00 Sold 0 properties between the two periods 0.00 Adjustment to appraised value (Talofofo & Agat property) (112,210.01 ) Added cost less adjustments 0.00

(112,210.01)

Allowance for loan losses decreased (576.417.71 ) (629,987.92) (53,570.21 )

Adjustment to decrease Allowance to 2 % of Loan Portfolio (37,741.66) Used between the two periods - (for two loans) (15,828.55) Credits between the two periods 0.00

(53,570.21) (0.00)

Salaries decreased due to amount of leave taken in FY 2015 1,214,998.24 1,229,216.49 (14,218.25) Break down Salaries 1,210,240.41 1,168,892.61 41,347.80 Merit 0.00 8,087.75 (8,087.75) Loan Origination (8,154.12) (2,992.85) (5,161.27) Annual Leave Taken (96,959.25) (68,329.96) (28,629.29) Sick Leave Taken (50% of DC Members only) (32,843.11 ) (14,345.08) (18,498.03) Annual Leave Earned 110,957.99 109,607.63 1,350.36 Sick Leave Earned 31,756.32 28,296.39 3,459.93

1,214,998.24 1,229,216.49 (14,218.25) 0.00 0.00 0.00

Net loss for the month of July 2015 (6,074.36) Net loss for the month of August 2015 (34,131.67) Difference (28,057.31 )

Decrease caused by: Decrease in Int. Income due to an increase in 90 days & over delinquent (18,965.36) Increase in Interest on Inv. due to increase in market value August 2015 10,520.54 Decrease in Salaries due to one employee retired 7/30/2015 & 2 less working days in August 2015 15,355.51 Decrease in Retirement expense due to the decrease in salaries 3,042.40 Paid Attorney Somerfleck regarding J. Potter Aug-2015 (21,275.00) Accrued Legal fees for Trust Fund public hearing ... (4,000.00) IT support expense paid Aug-2015 (6,435.00) Electricity expense was not paid in August 2015 1,405.06 Emergency Housing Expense in August 2015 (1,730.28) Recorded materials issued from the maintenance supplies inventory for June 2015 in August 2015. Note: Supplies Inventory report for (6,454.44) July 2015 & August 2015 have not been completed yet.

Total (28,536.57) 479.26

Net income year to date (378,029.41 ) (108,293.68) (269,735.73)

40f9

Net income/(loss) year to date

Loss due to:

Loss on Impaired Asset due to the appraised value of the Talofofo property. Appraisal completed 4/9/2015

Loss on Impaired Asset due to the appraised value of the Agat (L-172-1-1) property. Appraisal completed 4/6/2015

Decrease in Interest on Loans Receivable - due to a decrease in weighted average interest rate & increase in 90 days & over delinquency

Vacancy year to date Vacancy rate

Decrease in Interest on Investments held by bond Trustees due to the decrease in market value & Investment with Trustee

Salaries - FY 2015 salaries & benefits expense for John P. (Accrual for John P. as of Jul-2015 - $175,455.77 plus annual leave $8,339.20,

sick leave $27,823.46, legal fees $23,587.14, Potter's legal fees $21,275) & DC Insurance $1,217.07)

Increase in Retired Employee's expense due to increase in COLA & Insural

Increase in depreciation due to renovations at Lada

Increase in Legal Expense - due to Potter, Alternative Building & Lada Est"

Emergency Housing Expense

Increase in Maintenance Expense due to changing of doors at Lada & Inventory adjustment to actual materials in office ($18,691 .86)

Housing (144,217.58)

(92,493.44)

(19,716.57)

(68,403.77)

(39,571.56)

(36,640.57)

(16,521.14)

Note: Supplies issued for July & August 2015 are not included in August's financials

Payment for power & water due to renovations, vacancies & homeless

50f9

Rental (233,811.83)

( 179,840.67) 17.21%

(59,400.33)

(14,575.44)

(8,489.34)

(20,001.25)

(9,808.92)

(10,866.09)

(10,622.02)

Total (378,029.41 )

(51,216.01)

(36,522.39)

Budget Prorated Budget 08/15

Operating Revenue - 2,515,-'---14=7--=.58=--Non Operating Revenue

Total Revenue

Expenses Net Gain (Loss)

Specific Budget Concerns

415,589.79 · 2,930,737.37

2,929,924.58 812.79

2015 Budget

Interest on loans receivable 1,461,386.08 2015 Budget - loan portfolio $30,910,035 at 5.73%. Actual $27,927,711 at 5.63% budget delinquency rate 10%. Actual delinquency rate on interest bearing bearing loans 17.39%

Interest on investments held by bond 102,787.63 Due to a decrease in market value & investment with trustee

Bond Trustee Fees 15,033.37 Increase in semiannual fees charged from Trustee from $6,706 to $7,356

Loss on Impaired Asset 0.00 Loss due to Appraisals on Talofofo & Agat (L 172-1-1) properties in April 2015

Other Income 407,320.54 Budget income from Housing Trust Fund $249,811.70/12 * 11 = $228,994.06 Actual - no income from source year to date. Also budget to adjust the Reserve for Loan Loss by $192,487.92.192,487.92/12 = $16,040.66 * 11 = $176,447.26 No adjustment has been made yet

Status on Renovation Renovation (Invoices for labor for the months of June, July & August were 170,000.00 added to the total actual, but have not been paid yet due to various issues) There have been three units that were increased in rent due to renovations

60f9

Actual 2,416,491.39

20,373.38 2,436,864.77

2,814,894.18 (378,029.41 )

Actual 1,379,178.63

80,360.41

15,120.17

112,210.01

7,270.02

133,990.81

Difference (98,656.19)

(395,216.41 ) (493,872.60)

(115,030.40) (378,842.20)

Difference (82 ,207.45)

(22,427.22)

86.80

112,210.01

(400,050.52)

(36,009.19)

Portfolio At-A-Glance August 2015

Principal No. of Portfolio Balance Balance Loans SRF (Direct) 15,387,378.74 149 RF (Direct) 20,271.70 3 R5 (Revolving Loan Fund) 12,520,061.12 155 Subtotal GHC 27,927,711.56 307

Hazard Mitigation 8,110.57 1 Cahat 1,723,242.96 73 Down Pymt (Not included when calculating delinquency %) 240,742.58 30

1,972,096.11 104

Total 29,899,807.67 411

Principal Number Current delinquency (GHC portfolio only) Balance % of loans 30 to 59 days delinquent 964,546.94 3.8903% 10 60 to 89 days delinquent 574,937.61 2.3189% 5 90 days to 119 days 181,507.78 0.7321% 1 120 days & over 0.00 0.0000% 0 Total Delinquent 1,720,992.33 6.9413% 16

Referred to Legal 3,134,303.73 11.2229% 38 Total Delinquent & referred to legal 4,855,296.06 17.3852% 54

Current delinquency (HM & Cahat) % 30 to 59 days delinquent 44,889.05 2.6343% 2 60 to 89 days delinquent 0.00 0.0000% 0 90 days to 119 days 0.00 0.0000% 0 120 days & over 0.00 0.0000% 0 Total Delinquent 44,889.05 2.6343% 2

Referred to Legal 27,328.83 1.5785% 2 Total Delinquent & referred to legal 72,217.88 4.1712% 4

Total Delinquency (Does not include Down Payment Loans) % 30 to 59 days delinquent 1,009,435.99 3.8096% 12 60 to 89 days delinquent 574,937.61 2.1698% 5 90 days to 119 days 181,507.78 0.6850% 1 120 days & over 0.00 0.0000% 0 Total Delinquent 1 ,765,881.38 6.6643% 18

Referred to Legal 3,161,632.56 10.6599% 40 Total Delinquent & referred to legal 4,927,513.94 16.6139% 58

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Tenant Accounts Recievables # FY 2015 FY 2014 Difference Lada ----a1 128,239.52 99,874.38 28,365.14 As-Atdas 20 44,160.64 29,514.82 14,645.82 Sagan 9 17,634.59 10,732.09 6,902.50 Total 110 190,034.75 140,121.29 49,913.46

Allowance for Uncollectibles Lada (63,968.63) (35,892.00) (28,076.63) As-Atdas (24,068.00) (9,048.00) (15,020.00) Sagan (9,104.99) (600.00) (8,504.99) Total (9? ,1 4f62) (45.!.5~0~00f -_. (5~?01 .:i32 )

Net Tenant Receivable less Allowance for Uncollectibles 92,893.13 94,581.29 (44,699.12) % of Receivable 51.12% 32.50% 103.38% I --- ---'

I Tenant Accounts Recievables - ~- No.- No. INo--:- - ··-No.

I of of , of of

I Unit Lada Unit As Atdas Unit Sagan ! Unit Total I Former Tenants 1 15 --, 7 23,465.15 ! 6 r 94,698.51 56,042.15 15,191.21 , 28 I

14,225.27 1 Active Tenants

11,956.88 1 1,080.00 I 1 month due 29 3 2 1,188.39 34 2 months due 20 19,162.82 4 3,837.00 24 22,999.82 3 months due 8 12,287.90 4 6,219.00 , 1,254.99 13 19,761.89 4 months due 5 12,519.00 5 12,519.00 5 months due 2 5,669.94 2 5,669.94 1

i 6 months due 2,830.00 1 2,830.00 ' i 7 months due 0 0.00 8 months due 4,975.83 1 4,975.83 9 months due 5,625.00 i

6,729.49 1 1 5,625.00 I

11 months due 1 1 6,729.49 i Total Active Tenants 66 72,197.37 13 20,695.49 3 2,443.38 82 95,336.24

I Total _ 81 128,239.52 20 44,160.64 , 9 17,634.59 110 190,034.75 - --, ---- ------ -.--- -

--------Fiscal Year ~O15

Rental Vacancy Net Income

Lada 823,659.12 (106,132.71 ) 717,526.41 As-Atdas 158,400.00 (51,174.56) 107,225.44 Sagan 62,700.00 (22,533.40) 40,166.60 Subtotal 1,044,759.12 (179,840.67) 864,918.45

Oreo properties 10,100.00 10,100.00 Total 1,054,859.12 (179,840.67) 875,018.45

Fiscal Year ~O14 Rental Vacancy Net Income

Lada 800,175.00 (92,874.53) 707,300.47 As-Atdas 156,000.00 (34,079.41 ) 121,920.59 Sagan 62,700.00 (18,063.32) 44,636.68 Subtotal 1,018,875.00 (145,017.26) 873,857.74

Oreo properties 9,600.00 9,600.00 Total 1,028,475.00 (145,017.26) 883,457.74

2015 2014 Difference Vacancy Rate 17.21% 14.23% 2.98052%

80f9

- -- --Vacancy for the month of August 2015

No. No. No. of of of

Unit Lada Unit As Atdas Unit Sagan 1 bdrm 1 500.00 2 bdrms 7 3,823.32 3 1,500.00 2 1,100.00 3 bdrms 8 3,812.69 7 4,550.00 1 600.00 4 bdrms 3 2,150.00 1 650.00 Total 18 9,786.01 10 6,050.00 5 2,850.00

Total Vacancy for August 2015 33 18,686.01 - - - - - ---

---- -- ------Homeless for the month of August 2015

No. No. No. of of of

Unit Lada Unit As Atdas Unit Sagan --1

11 bdrm i 4 1,840.00 500.00

I !2 bdrms I

I 3 bdrms 2 854.17 1 580.00 I

14 bdrms 1 I

______ 650.00 1 Total 6 2,694.17 500.00

---2 -1,230.00 i

Total Homeless for August 2015 9 4,424.17

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Assets Unrestricted Assets

Cash and cash equivalents Self-insurance fund Loans receivable Net deferred origination expo & rev. Allowance for loan losses Tenant receivable, net other receivables Accrued interest receivable Prepaid expenses and other Foreclosed assets held for resale

Total Unrestricted Assets Restricted Assets

Cash and cash equivalents Investments with trustee Foreclosure Fund Loans receivable

Guam Housing Corporation Statement of Net Position

As of 8/31/2015

Current Year

3,302,640.29 1,064,709.28

27,927,711.56 0.00

(576,417.71) 93,018.13

(16,317.90) 54,173.58 72,741.08

_ -.l§]J39.QQ, 32,209,997.31

other loans receivables (CAHAT, Sagan, DPCCA & HM) Total Restricted Assets

2,221,535.29 3,666,189.50

502,016.99 0.00

l,972,Q96.11 8,361,837.89

Capital assets, net

Total Assets

Liabilities Payable from unrestricted assets

Accounts payable and accrued expenses Accrued compensated absences Unearned revenue

Total Payable from unrestricted assets Payable from restricted assets

Accounts payable Bonds payable Notes payable Accrued interest payable Security deposits Deposits by borrowers Loans held in trust Rebate liability

Net pOSition

Total Payable from restricted assets Total Liabilities

Invested in capital assets, net of related debt

Restricted

Unrestricted

Total Net position

Total liabilities and net position

Date: 9/17/1S 12:S5:24 PM

. ____ ~654,943~D_ ___ . 47,226,778.30 ----------- ------

300,416.88 365,437.60

47,900.26 713,754.74

396,899.60 4,335,000.00

0.00 119,794.98 63,574.93

718,391.25 244,519.08

71,3117.75 5,949/567.59 6,6§3,322.33

6,706,125.86

3,284,430.92

30,572,899.19 40,563,455.97

Prior Year

3,217,925.64 976,645.16

22,133,064.73 0.00

(629,987.92) 94,998.51 16,427.77 72,553.94 89,700.51

_-,3"",9",,9,949.01 26,371,277.35

2,221,025.27 4,069,021.13

501,171.54 5,435,094.36 2,100,986.96

14,327,299.26

194,445.92 357,627.56

____ ....1§,017.44 598,090.92

342,973.49 4,565,000.00

0.00 125,947.50 64,774.93

394,800.01 261,009.43

_____ -.-1.1,070.12

____ .~,m575.48_ 6,426,666.40

6,696,232.76

7,521,754.04

____ 26,768,337 ~ _--.1Q,986,324.60

47,1!b991.00

Page: 1

Guam Housing Corporation Statement of Net Position

As of 8/31/2015

Housing Division Rental Division Total --------

Assets Unrestricted Assets

Cash and cash equivalents 2,447,075.96 855,564.33 3,302,640.29 Self-insurance fund 0.00 1,064,709.28 1,064,709.28 Loans receivable 27,927,711.56 0.00 27,927,711.56 Net deferred origination expo & rev. 0.00 0.00 0.00 Allowance for loan losses (576,417.71) 0.00 (576,417.71) Tenant receivable, net (727,840.60) 820,858.73 93,018.13 Other receivables (16,317.90) 0.00 (16,317.90) Accrued interest receivable 52,336.82 1,836.76 54,173.58 Prepaid expenses and other 15,166.12 57,574.96 72,741.08 Foreclosed assets held for resale ~739.00 0.00 287J39~

Total Unrestricted Assets 29,409,453.25 2,800,544.06 32,209,997.31 Restricted Assets

Cash and cash equivalents 2,083,757.68 137,777.61 2,221,535.29 Investments with trustee 3,666,189.50 0.00 3,666,189.50 Foreclosure Fund 502,016.99 0.00 502,016.99 Loans receivable 0.00 0.00 0.00 Other loans receivables (CAHAT, 1,972,096.11 0.00 1,972,096.11 Sagan, DPCCA & HM) -_ .. _-

Total Restricted Assets 8,224,060.28 137,777.61 8,361,837.89 Capital assets, net

0.00 ~654,943.10 6,654,943.10 Total Assets 37,633,513.53 9,~264.77 47L226J 78.30

---- --,--

Liabilities Payable from unrestricted assets

Accounts payable and accrued 96,158.35 204,258.53 300,416.88 expenses

Accrued compensated absences 192,227.31 173,210.29 365,437.60 Unearned revenue -------_. 45,969.48 1,930.78 __ 1L 900.26

Total Payable from unrestricted assets 334,355.14 379,399.60 713,754.74 Payable from restricted assets

Accounts payable 396,899.60 0.00 396,899.60 Bonds payable 4,335,000.00 0.00 4,335,000.00 Notes payable 0.00 0.00 0.00 Accrued interest payable 119,794.98 0.00 119,794.98 Security deposits 900.00 62,674.93 63,574.93 Deposits by borrowers 718,391.25 0.00 718,391.25 Loans held in trust 244,519.08 0.00 244,519.08 Rebate liability 71,387.75 0.00 71,387.75

Total Payable from restricted assets 5,886,892.66 ~674.93 5,949,567.59 Total Liabilities 6,221,247.80 442,074.53 §,663,322.33

Net position Invested in capital assets, net of related debt

0.00 6,706,125.86 6,706,125.86 Restricted

3,241,395.58 43,035.34 3,284,430.92 Unrestricted

28,170,870.15 -.1,402,029.04 30,572,899.19 Total Net position 31,412,265.73 __ 9,1~/190.24 40,563,455.97

Total liabilities and net position 37,633,513.53 _ --.2,59},264.77 47,226,778.30 - ------

Date: 9/17/15 12:56:43 PM Page: 1

Guam Housing Corporation

Statement of Revenues, Expenses and Changes in Net Position

From 8/112015 Through 8/3112015

Operating Revenues:

Interest on loans receivahlc

Rental Income

Interest on investments hc\d hy hond trustee~

Loan origination Fees

Late fees, service fees & return check fees

Total Operating Revenues:

Operating Expenses:

Interest expense MRB

Interest expense notes payable

Salaries

Bad debts and provision for loan losses

Retirement contribution!!

Retiree supplemental, cola & health benefits

First Time Homeowner's Assistance Program

Depreciation

Contractual services

ProFessional services

Rent

Other

Loan origination costs

Travel

Employee benelits, other than retirement

Maintenance

Bond trustee fees

Directors' fees

Loss on impaired asset or disposal of assets

Total Operating Expenses:

Non-operating Revenue (Expenses)

Interest income on bank deposits

Gainl(loss) on assets

Other income

Total Non-operating Revenue (Expenses)

Change in net position Total net position at beginning of month

Net position at end of year

D.le: 9117/15 12:58:50 PM

Current Period Actual

12 .. L043.19

77,763.LJLJ

12,586.20

3,750.00

3,684.91

221,828.29

19,965.83

0.00

97,133.09

0.00

32,683.00

18,746.77

0.00

15,176.96

6,966.49

36,280.41

8,754.50

5,740.67

951.02

0.00

6,891.02

7,018.59

1,226.00

200.00

0.00

257,734.35

1,274.39

0.00

500.00

1,774.39

(34,131.67)

40,597,587.64

40,563,455.97

Prior Year Current Period Actual

IIX,351.ILJ

X I ,633. ~6

10,711.16

0.00

3,185.69

213,881.40

20,991.25

0.00

105,767.95

2,232.00

33,213.49

13,721.50

0.00

14,643.71

7,171.87

10,064.66

8,754.50

6,198.19

0.00

0.00

5,713.27

5,899.89

1,191.83

250.00

0.00

235,814.11 -

1,010.17

0.00

30.00

1,040.17

(20,892.54)

41,007,217.14

40 986 324.60

lYuam Housing l.:orporation


From 81112015 Through 8/31/2015

Operating Revenues:

Interest on loans receivable

Rental Income

Interest on investment!'> held by bond trustees

Loan origination fees



Operating Expenses:



Salaries


Retirement contributions


Depreciation


Professional services

Rent

Other


Employee benefits, other than retirement

Maintenance

Bond trustee fees

Directors' fees

Loss on impaired asset or disposal of assets




Other income


Change in net position Total net position at beginning of month

Net position at end of year

Date 917 15 01 08.49 PM

Housing Division Rental Division

124,043.19 0.00

950.00 76,813.99

12,586.20 0.00

3,750.00 0.00

3,094.91 590.00

144,424.30 77,403.99

19,965.83 0.00

0.00 0.00

59,293.06 37,840.03

0.00 0.00

19,956.33 12,726.67

12,321.73 6,425.04

0.00 15,176.96

2,943.08 4,023.41

13,932.75 22,347.66

8,754.50 0.00

3,110.91 2,629.76

951.02 0.00

4,143.19 2,747.83

0.00 7,018.59

1,226.00 0.00

200.00 0.00

0.00 0.00

146,798.40 110,935.95

707.93 566.46

0.00 500.00

707.93 1,066.46

(1,666.17) (32,465.50)

31,413,931.90 9,183,655.74

31 ,412,265.73 9,151 ,190.24

Total

124,043.19

77,763.99

12.586.20

3,750.00

3,684.91

221,828.29

19,965.83

0.00

97,133.09

0.00

32,683.00

18,746.77

15,176.96

6,966.49

36,280.41

8,754.50

5,740.67

951.02

6,891.02

7,018.59

1,226.00

200.00

0.00

257,734.35

1,274.39

500.00

1,774.39

(34,131.67)

40,597,587.64

40,563,455.97

Pase I



From 101112014 Through 8/3112015

Current Year Actual Prior Year Actual

Operating Revenues:

Interest on loans receivable

Rental Income

Interest on investment~ held by bond trustees

Loan origination fees



Operating Expenses:



Salaries




First Time Homeowner's Assistance Program

Depreciation



Rent

Other


Travel

Employee benefits, other than retirement

Maintenance

Bond trustee fees

Directors' fees

Loss on impaired assets or disposal of asset




Gain/(Ioss) on sale of assets

Other income

Loss on disposal of assets


Change in net position Total net position at beginning of year

Total net position of end of year

Dale 9 17' 15 12 59 44 PM

1,379,178.63 1,447,582.40

R75.0IR.45 RR3.457 .74

RO,360AI 119,931.97

39,874.00 8,678.00

42,059.90 41,590.57

2,416,491.39 2,501,240.68

221,407.48 230,903.75

0.00 30,906.35

1,214,998.24 1,229,216.49

0.00 5,616.00

393,122.47 366,941.26

206,214.44 154,99R.43

0.00 0.00

163,157.57 154,668.23

91,163.64 91,034.62

96,831.70 76,233.03

96,299.50 96,299.50

48,425.87 48,723.49

9,982.66 3,754.30

0.00 0.00

78,620.46 64,000.65

65,039.97 54,173.88

15,120.17 14,168.48

2,300.00 1,850.00

112,2\0.01 0.00

2,814,894.18 2,623,488.46

13,103.36 11,478.67

0.00 0.00

7,270.02 2,475.43

0.00 0.00

20,373.38 13,954. \0

(378,029.41 ) (\08,293.68)

40,941,485.38 41,094,618.28

40,563,455.97 40,986,324.60

Page I



From 10/1/2014 Through 8/3112015

Operating Revenues:

Interest on loans recei, able

Rental Income

Interest on investment~ held by bond trustees

Loan origination rees



Operating Expenses:



Salaries




Depreciation



Rent

Other


Employee benefit~, other than retirement

Maintenance

Bond trustee fees

Directors' Ices

Loss on impaired assets or disposal of asset




Other income


Change in net position Total net position at beginning of year

Total net position of end of year

Dale: 9117/15 01:09:37 PM

Housing Division

1.37'J.I7R.fi3

10, 100.00

80,360.4 I

39,874.00

34,610.72

1,544,123.76

221,407.48

0.00

706,568.03

0.00

223,888.40

135,539.00

0.00

43,560.63

65,822.64

96,299.50

16,825.18

9,982.66

47,415.93

0.00

15,120.17

2,300.00

112,210.01

1,696,939.63 --

8,258.29

340.00

8,598.29

(144,217.58)

31,556,483.31

31 ,412,265.73

Rental Division

000

Hfi4,91 HA5

0.00

0.00

7,449.18

H72,367.63

0.00

0.00

508,430.21

0.00

169,234.07

70,675.44

163,157.57

47,603.01

31,009.06

0.00

31,600.69

0.00

31,204.53

65,039.97

0.00

0.00

0.00

1,117,954.55 -

4,845.07

6,930.02

11,775.09

(233,811.83)

9,385,002.07

_____ 9,151,190.24

Total

1.379.17R.fi3

H75,018.45

80,360.41

39,874.00

42,059.90

2,416,491.39

221,407.48

0.00

1,214,998.24

0.00

393,122.47

206,214.44

163,157.57

91,163.64

96,831.70

96,299.50

48,425.87

9,982.66

78,620.46

65,039.97

15,120.17

2,300.00

112,210.0\

2,814,894.18 -

13,103.36

7,270.02

20,373.38

(378,029.41)

40,941,485.38

40,563,455.97


Budget vs Actual

From 10/ 1120141l1roUgh 8/3112015

Total Budget $ - YTD Budget $ - Current Year Over (Under) Remaining Original Original Actual Budget Variance Balance

Operating Revenues:

Interest on loans receivable 1,594,239.30 1,461,386.08 1,379,178.63 (82,207.45) (5.6200%) 215,060.67

Rental Income 951,456.00 872,168.00 875,018.45 2,850.45 0.3200% 76,437.55

Interest on investments held by bond 112,132.00 \02,787.63 80,360.41 (22,427.22) (21.8100%) 31.771.59 tJllstees

Loan origination Ices 41,330.00 37,885 .87 39,874.00 1,988.13 5.2400% 1,456.00

Late fees, service fees & return check fees 44,640.00 40,920.00 42,059 .90 1,139.90 2.7800% 2,580.10

Total Operating Revenues: 2,743,797.30 2,515 ,147.58 2,416,491.39 (98,656.19) (3.9225%) 327,305.91

Operating Expenses:

Interest expense MRB 241,622.41 221,487.20 221,407.48 79.72 (0.0300% ) 20,214.93

Interest expense notes payable 0.00 0.00 0.00 0.00 0.0000% 0.00

Salaries 1,343,564.28 1,231,600.81 1,214,998.24 16,602.57 (1.3400%) 128,566.04

Bad debts and provision for loan losses 98,700.00 90,475.00 0.00 90,475.00 (100.0000%) 98,700.00

Retirement contributions 429,824.65 394,005.92 393,122.4 7 883 .45 (0.2200%) 36,702.18

Retiree supplemental, cola & health 225,321.68 206,544.91 206,214.44 330.47 (0.1500%) 19,107.24 benefits

Depree iation 191,144.73 175,216.03 163,157.57 12,058.46 (6.8800%) 27,987.16

Contractual services 126,371.67 115,840.89 91,163.64 24,677.25 (2 1.3000%) 35,208 .03

Professional services 120,760.00 110,696.63 96,831.70 13,864.93 ( 12 .5200%) 23,928.30

Rent 113,570.00 104,105.87 96,299.50 7,806.37 (7.4900%) 17,270.50

Other 96,909.43 88,833.91 48,425.87 40,408 .04 (45.4800%) 48,483 .56

Loan origination costs 24,000.00 22,000.00 9,982.66 12,017.34 (54.6200%) 14,017.34

Travel 0.00 0.00 0.00 0.00 0.0000% 0.00

Employee benefits, other than retirement 86,292.00 79,100.89 78,620.46 480.43 (0.6000%) 7,671.54

Maintenance 77,600 .00 71,133.15 65,039.97 6,093.18 (8 .5600%) \2,560.03

Bond trustee fees 16,400.00 15,033.37 15,120.17 (86.80) 0.5700% 1,279.83

Directors' lees 4,200.00 3,850.00 2,300.00 1,550.00 (40.2500%) 1,900.00

Loss on impaired assets or disposal of 0.00 0.00 112,210.01 (112,210.01 ) 0.0000% (112,210.01 ) assets

Total Operating Expenses: 3,196,280.85 2,929,924.58 2,814,894.18 115,030.40 (3.9260%) 381.386.67


Interest income on bank deposits 9,021.00 8,269.25 13,103.36 4,834. 11 58.4500% (4,082.36)

Other income 444.349.62 407,320.54 7,270.02 (400,050 .52) (98 .2100%) 437,079.60

Total Non-operating Revenue (Expenses) 453 ,370.62 415,589.79 20,373.38 (395,216.41 ) (95.0977%) 432,997.24

Change in net position 887.07 812.79 (378,029.41 ) (3 78,842.20) (466\0.0891 %) 378,916.48

Cash Flows from Operating Activities

Net Gain (Loss)

Depreciation less disposal of assets

(Increase) decrease in accrued interest and others

(Increase) decrease in prepaid expenses and others

Increase (decrease) in accrued pension costs

Increase (decrease) in other liahilities

Increase (decrease) in deposits by borrowers

Increase (decrease) in loans held in trust

Total Cash Flows from Operating Activities

Cash Flows fTom Investing Activities

Net (increase) decrease in loans receivables

Net (increase) decrease in other receivables

(Cost) sale of foreclosed houses

(Purchase) disposal of property and equipment

(Purchase) sale of investment securities

Total Cash Flows from Investing Activities

Cash Flows fTom Financing Activities

Repayment of notes payable

Repayment of bonds payable

Accrued interest on bonds payable

Accrued rebate liability

Premium on bonds payable

Total Cash Flows fTom Financing Activities

Net increase (decrease) in cash Cash at beginning of year

Cash at end of year

Dale 917 IS 01 ' 10 '43 PM


Statement of Cash Flows

As of 8/3112015

Housing Division Rental Division

( 1-1-1 .217 5H) (21UII H1)

0.00 163,157.57

3,419.56 (1,131.24)

( 12,208,H3) (3,171.12)

0.00 0.00

143,560.13 100,570,36

(4,881.70) 1,623.42

(14,966,15) 0.00

(29,294.57) 27,237.16

(317,817,10) 0.00

6,207,17 (69,01,8.48)

112,210,01 0.00

0,00 (111,974.81)

130,765.09 0.00

(68,634.83 ) ( 180,993.29)

0.00 0.00

( 80,000.00) 0.00

99,472.48 0.00

(2,682.37) 0.00

0.00 0.00

16,790.11 0.00

(81,139.29) (153,756.13)

5,113,989.92 2,211,807.35

5,032,850.63 2,058 ,051.22

Total

(~n.()29-l1)

163,157,57

2,281U2

(15,379.95)

0.00

244,130.49

(3,258.28)

(14,966.15)

(2,057.41 )

(317,817.10)

(62,811.31 )

112,21!1.0 I

(111,974,81 )

130,765,09

(249,628.12)

0.00

(80,000.00)

99,472.48

(2,682,37)

0.00

16,790.11

(234,895.42)

7,325,797.27

7,090,901.85

Page 1

GUAM HOUSING CORPORATION DAILY CASH POSITION

FOR THE PERIOD ENDED August 31, 2015

CASH ON HAND = CHANGE FUND $0.00 PETIV CASH FUND 145.10 --_._--Total cash on Hand $145.10

CASH IN BANK· TCD AND TRUST ACCOUNT: ACCRUED DATE DATE NO. INTEREST

TCDfTRUST ACCT. BANK PURCHASED MATURED DAYS RATE AMOUNT EARNED -- -------_. ----CMA - Opera lions - Cash MC 5MC-152334 31-Jul-15 31-Aug-15 31 0.00000% 0.00 0.00 CMA - Oper. Deutsche Bk FDIC Ins. Del MC 5MC-152334 31-Jul-15 31 -Aug-15 31 0.00000% 45.69 0.00

TCDs - Operations

0 -4Ks9 -- ---- 0.00

CMA ACCT - T/F MC 5MC-189914 31-Jul-15 31-Aug-15 31 0.00000% 0.00 0.00 CMA - TF Deutsche Bk FDIC Ins Dep MC 5MC-189914 31-Jul-15 31 -Aug-15 31 0.00000% 425.81 0.00

Bank 01 Baroda MC 5MC-189914 09-Dec-14 09-Sep-15 274 0.40000% 136,000.00 408.37 Santander Bk Natl Assn Wilminglon MC 5MC-189914 26-Aug-15 26-May-16 274 0.50000% 135,00000 506.71

2 271,425.81 0.00

CMA - Cahat - Cash MC 5MC-152763 31-Jul-15 31-Aug-15 31 0.00000% 0.00 0.00

0 0.00 0.00

CMA - Revolving Loan Fund - Cash MC 5MC-146229 31-Jul-15 31-Aug-15 31 0.00000% 0.00 0.00 CMA - RLF Deutsche Bk FDIC Ins. Dep MC 5MC-146229 31-Jul-15 31-Aug-15 31 0.00000% 21 .02 0.00

TCDs - Revolving Loan Fund

0 21.02 0.00

CMA - Foreclosure Fund - Cash MC 5MC-189906 31-Jul-15 31-Aug-15 31 0.00000% 0.00 0.00 CMA - FPF Deutsche Bk FDIC Ins. Dep MC 5MC-189906 31-Jul-15 31-Aug-15 31 0.00000% 347,016.99 0.00

Goldman Sachs BK USA New Vork MC 5MC-189906 10-Dec-14 10-Dec-15 365 0.40000% 155,000.00 620.00 1 502,016.99 0.00

3 $773,509:51 $0.00

1012

Cahat (PL21·136) Checking Account: AlC 0601·022867 FTH·RF (PL24·180) Checking Account: AlC 0031·033250 FTH·RF (PL31.166) Savings Account: CF AlC 144340·01 HMRLF (Grant JV2011·174 5/2011) Checking Account: BOG AlC 0602·010855 FHLB of SEATTLE FUND AlC 990020019

BOG Operations Fund/Checking Account: Beginning Balance, 05/31/2015 Deposits Deposits (iN-TRANSIT) Disbursemenls

Approved Disbursements - Loans Approved Disbursements - All Olhers

BOG = AlC 601·018773

-------------- LOANS INTERFUND ALL OTHERS

(24,570.00) (108,733.61) (152,952.81 )

Banko fGuamRevolving-Loan FundiChe-cking Account: ------

$2,296,689.25 436,452.02

0.00

(286,256.42) 000 000

Beginning Balance, 05/31/2015 BOG = AlC 0601-022902 $810,476.89 Deposits 46,614.60

258,173.78 o

100.24 154,234.06

276,757.04

0.32 NOTES PAY. FUND

NET SRF MONEY $2,446,884.85 $460,902.49

Disbursemenls -------------- LOANS (20,000.00) Net R LOAN FUND OTHERc..:.S=--_____________________ ..:-c0.OO $837,091.49 $152,705.96

Bank of Guam Trust Fund/Checking Account: add amount in rtf ted $152,727 I Beginning Balance, 05/31 /2015 . Deposits

Disbursements ! FTH-RF (PL31·166) Checking account I Beginning Balance, 05/31 /2015

Deposils

BOG = AlC 0601·022895

CFCU = AlC 144340-02

Disbursements I Bank of Guam Borrower's Deposit/Checking Account:

Beginning Balance, 05/31/2015 Deposits

BOG = AlC 0601-022882

Disbursements

Less: Borrower's DepOSIts held in Trust: Trust Fund (Insurance & R.E.Taxes) Loan Service (Borrower's Deposits)

Less: Loan Commitments Balance

-TOTAL CASH IN BANK

TOTAL CASH AVAILABLE

TOTAL BORROWER'S DEPOSITS

Prior Approval (15) New Approval 0

Prior Approval (11) New Approval 0

Prior Approval 0 New Approval 0 New Approval (44)

RESERVE FOR NEW APPROVAL· DOWN PAYMENT TOTAL COMMITMENT BALANCE

1,404,149 = SRF o =SRF

827,212 = R/5 o = R/5

0.00 = CAHAT o = CAHAT o = FTHRF

= DPCCA

$79,033.31 40,653.36

(19,600.61)

$467,004.89 11,675.63

(46,382.28)

$84,718.95 2,118.03

(56,510.00)

$100,086.06

$432,298.24

$30,326.98

(407,171.74) ($311,2H~.~!)

(1,404,148.92) 0.00

(827,211 .90) 0.00 0.00 0.00

(309,947.95) 0.00

Reserve: For CAHAT Loans Foreclosure Protection Fund Hazard Mitigation Loans First Time Homeowners

(NET OF INVESTMENT LOSS = $248,157.691 replinshed per MEMO 9/25/2009) (NET OF INVESTMENT LOSS = $124,078.841 replinshed per MEMO 9/25/2009)

BOND ISSUE I LADAPROJECT AVAILABLE: FOR FIRST TIME HOMEOWNER RELIEF FUND Reserve: GRC Bonding Self-Insured (Transferred to oper. fund as of 7/3/97) Reserve: SINKING FUND FOR = FHLB NOTES

CASH AVAILABLE FOR OPERATIONS Less: GRC COLLECTIONS FOR INTERFUND July 31,2015 Less: SAGAN LlNAHYAN (Loans transferred back to GHURA August 2004) Less: DPCCA Collections as of August31, 2015 Less: Unapplied Balance as of August 31, 2015 Less: TYPHOON CLAIMS FOR REFUND 07131/2015

Less: Loan Repayments for the month - FHLB Memorandum of Understanding wi Geda Retirement Inv. for earty buyout for 2 fonner employees GSAIDOA Balance Monthly Recurring Expenses

NOTE: Deposits to S.R.F. - Due to Interfund Accounts: Borrowers' Deposit Trust Fund 08/2015 to transfer Revolving Loan Fund 08/2015 amount to transfer Cahat 08/2015 to transfer First Time Homeowners Assistants Program 08/2015 Hazard Mitigation 08/2015 to transfer

TOTAL

NET

20f2

(150.00) 0.00

(3,776.50) (41,145.05)

(3,854.95)

280,892.53 35,659.87

142,826.37 18,583.26

(118.27) 322.01

478,165.77

_ $121,250.29

$4,259,~

$5,032,850.63

($718,391.25)

($2,541,308.77) (276,757.04) (500,000.00) (154,234.06) (432,398.48)

(21,500.00) 186.10

0.00

$388,447.13

(48,926.50)

$339,520.63 0.00 0.00 0.00

(18,241.17) (15,000.00)

$306,279.46

ACCOUNT NO. TCD-BANK TCD #040216 - 1873 TSD BOG

TCD #040216 - 3880 EHF BOG

CMA-SIF Money Concepts #5MC-152326 CMA-SIF Deutsche Bank FDIC Insur. Dep. Self Insurance Fund - TCDs' Goldman Sachs Bk USA New York CD Bank of China New York City NY CD Bank Baroda New York City N Y CD Bank India New York BRH N Y CD State Bank India New York N Y CD Everbank Jacksonville FLA CD

CMA-RFR Money Concepts #5MC-152458 CMA-RFR Deutsche Bank FDIC Insur. Dep. Reserve for Replacement - TCDs' Bank India New York BRH N Y CD

CMA-OPER Money Concepts #5MC-170542 CMA-OPER Deutsche Bank FDIC Insur. Dep. Lada Operations - TCDs'

'Pays Monthly

Operation: Checking Acct #7008033778 Bank Pacific

07/31/2015 Deposits Disbursements

Sub-Total

Less: Restricted Accounts: Reserve for Replacement Reserve for Emergency Housing Self Insurance Fund Reserve for Contracts

Sub-Total Balance Operations

Tenant Security Deposit: Checking Acct #7008033760 Bank Pacific


Sub-Total

GHC - LADA GARDENS CASH POSITION

AS OF AUGUST 31,2015

DATE MATURITY BANK PURCHASED DATE TERM BOG -' 07/21/2015 10/19/2015 90

BOG 07/31/2015 10/29/2015 90

MCCP 07/31/2015 08/31/2015 31 MCCP 07/31/2015 08/31/2015 31

MCCP 09/10/2014 09/10/2015 365 MCCP 09/10/2014 09/10/2015 365 MCCP 01/13/2015 01/13/2016 365 MCCP 06/25/2015 06/22/2016 363 MCCP 06/26/2015 06/24/2016 364 MCCP 06/30/2015 06/30/2016 366

MCCP 07/31/2015 08/31/2015 31 MCCP 07/31/2015 08/31/2015 31

MCCP 08/31/2015 03/02/2016 184

MCCP 07/31/2015 08/31/2015 31 MCCP 07/31/2015 08/31/2015 31

Balance Tenant Security Deposit Checking Accounts

Total Cash Available

Less: Tenant Security Deposit

Cash Available for Operations and Reserve

GRC Restricted Accounts Reserve for Replacement Operations Self Insurance Fund Emergency Housing Fund

TOTAL CASH AVAILABLE FOR OPERATIONS

RATE 0.1200%

0.1200%

0.0000% 0.0000%

0.4000% 0.5500% 0.3500% 0.5500% 0.5000% 0.5500%

0.0000% 0.0000%

0.4500%

0.0000% 0.0000%

$581,544.88 56,611.12

(94,507.37) 543,648.63

(242,566.06) (13,173.79)

AMOUNT $38,159.36

86,224.72

21,548.25 21 ,161 .03

249,000.00 21,000.00 22,000.00

249,000.00 249,000.00 232,000.00

1,064,709.28

0.00 134.10

216,000.00

216,134.10

0.00 0.00

0.00

$1 ,405,227.46

0.00 -Premo Trf. to TCD! 0.00

(255,739.85)

$31,315.79 1,028.98

(1,500.00) 30,844.77

216,134.10 0.00

1,064,709.28 86,224.72

$287,908.78

30,844.77

1,723,981.01

(54,349.93)

$1,669,631.08

(1,367,068.10)

$302,562.98

Operation: Checking Acct #7008033786 Bank Pacific


Balance Operations

Tenant Security Deposit Checking Acct #7008033964 Bank Pacific


Balance Tenant Security Deposit Account




As-Atdas Restricted Accounts Reserve for Replacement Trust Fund (Insurance) Self Insurance Fund

GHC - GUMA AS-ATDAS CASH POSITION

AS OF AUGUST 31, 2015


$13,887.36 6,406.30

(10,736.78)

$7,089.95 0.90 0.00

0.00 0.00 0.00

$9,556.88

7,090.85

16,647.73

(5,900.00)

10,747.73

0.00

$10,747.73

Operation:

GHC - SAGAN LlNAHYAN CASH POSITION

AS OF AUGUST 31, 2015

Checking Acct #144340-4 Comm. 1st Fed. Credit Union 07/31/2015

Deposits Disbursements

Balance Operations

Tenant Security Deposit Checking Acct #144340-6 Comm. 1 st Fed. Credit Union


Balance Tenant Security Deposit Account




As-Atdas Restricted Accounts Reserve for Replacement Trust Fund (Insurance) Self Insurance Fund


$53,538.87 5,627.82 (455.61 )

$4,370.86 0.69

(1,400.00)

0.00 0.00 0.00

$58,711.08

2,971.55

61,682.63

(4,300 . .90)

57,382.63

0.00

$57,382.63

Guam Housing CorporOll ton Oth. Real e.t.te OV«1ed Summary Report

•• ofAugust312015

Loan D.te Property BolTOWBr Co-BOfTDWIM' Number ForeckJ.ed LocatIOn

1 Anthony C. Sam6llanc Bam.dUa A. Samillanc 183013441 July 26.1999 Lot 219, Municipality of AgOlt 2 Anlhony E. Eel.... Bobbl. C. EeI •• ea 59302238 July 27.1999 loI89-4·2 Slna,ana 3 Juan A. Ouidaehay 49702395 & 79702395 February 02. 2009 lol No.09. Block No.25. New A9"' 4 James E. Nelson III 59802430 December 28,2010 Lot No. 26-6-2·1 . Muntcipalitv of Talofolo Territory of Gt 5 Ro.emarle B Perez Vlnconl C VIII.solo 11002838 April 27, 2012 Lol172-1-1, AgDt. GUOlm. Estate Number 13908 Subur' 5 Total .

OREO Loan Loss Assel Reserve 58 048 57 000 9552641 9552641 6242473 742473

14579778 1332850 14396499 (84093) 505762 4S-IT5 438 71

Bad DebV

Loss on Impalrod Assel

9596272 1971657

11567929

No' OREO Assots 58 048 57

000 55000 00 3650656

12508935 274 644 48

OREO Expenses

504918 000

174125 4493.44

Appraised Value

90600 00 42400 00

137500 00 4100000

, 81065 14100000 13 094 52 452 500 00

28773900

Estimated Gaml ILoss)

Ovor! 10% lif sold al (Under) E51im3ted current

Book Selling appralsod As 01 A.pplCmier Value Coat valuo)

03127/2013 Chief Apptarsals 27.50225 9,06000- 18,4422 5 03127/2015 Chief Appr,usals 42.400 00 4.24000 38,16000 04/0712015 Chlcf Apprmsals 80,758.75 13,750 00 67,008.75 04/09/2015 Roberl & Robpll Appralsols, I 000 4,100 00 (41 ,100 00) 04/06/2015 Robert & Pnhert Appraisers , I 14 ,100 00 14,100.00 000

15b~6!\.\.00 31 .15000 119.51100-

1

Qc-2089 21 September 2015 To: President From: Quality Assurance Officer Subj: Summary review, with respect to Compliance, of Guam Housing Corporation’s statement of finances including its: a) Financial Posture b) Collateral Position c) Accounting of funds d) Debt Service e) Operations f) Financial report g) Reports due h) Portfolio i) Summary Reference reports include: a) the latest unaudited financial report, month ending 31 August 2015 b) cash position as of 31 August 2015 c) projected principal and interest summary as of 31 August 2015 d) budget for fiscal year 2015 e) revenue and expense report fiscal year 2015 to date Issues of Interest: None Specific Accounting of funds: (this review was conducted prior to the completion of the month end financial report and may vary with reports initiated by accounting. These variances may stem primarily from inter-fund transfers. Based on information noted in the “Daily Cash Position”

2

The corporation holds a number of bank accounts as of 31 August 2015 including: a) CAHAT: Bank of Guam $ 258,173.78 Money Concepts $ 000.00 to be inter-funded: $ 18,583.26 Committed to new loans ( $ 00,000.00) Available funds.............................................. $ 276,757.04 b) First Time homeowner Relief Act $ 432,179.99 to be inter-funded: 00.00 Committed: ($ 309,947.95) Available funds: ……………………………………… $ 121,132.04 c) Hazard Mitigation, Bank of Guam $ 154,556.07 d) Federal Home Loan Bank of Des Moines $ .32 e) Operations: *Bank of Guam account (gross) $ 2,446,884.85 Committed, ops or : $ ( 33,241.17)

inter-fund $ (478,284.04) Program funds $ ( 48,926.50) Reserves $ ( 21,500.00) Committed to new loans $(1,404,148.92) Reservations $( 00.00) *Total committed, ops or inter-fund: $( 1,986,100.63) *Bank of Guam, ops, available funds $ 460,784.22 Merrill Lynch, TCDs $ 00.00 Money Concepts TCDs $ 45.69 Total available funds (for operations )………………............ $ 460,829.91 e) BoG Revolving Loan Fund (6% loan funds): Bank of Guam account (gross) $ 837,091.49 Funds transfer (inter-fund) $ 142,826.37 Total............................. $ 979,917.86 (Committed, new loans) ($ 827,211.90) Available funds, Bank of Guam.................... $ 152,705.96 Money Concepts $ 21.02 Total available funds ........................................................... $ 152,726.98

3

f) Borrower’s Trust Fund account, restricted: Bank of Guam $ 100,086.06 Money Concepts TCDs $ 271,425.81 Funds transfer (inter-fund) $ 35,659.87 Total, Borrower’s Trust Fund, gross $ 407,171.74 g) BoG Borrowers Deposit, restricted: Amount to inter-fund $ 280,862.53 Amount on deposit $ 30,326.98 Total $ 311,219.51 h) TCDs Foreclosure Protection Fund, restricted: $ 502,016.99 The balances in the following accounts are reflected as of 31 August 2015 i) Rent operations, Lada Gardens; Bank Pacific $ 543,648.63 Money Concepts Reserves $ (255,739.85) Total…………………………… $ 287,908.78 Available funds.............................................. $ 287,908.78 j) Tenant security (restricted) Bank Pacific $ 30,844.77 Bank of Guam TCD $ 38,159.36 Total.............................................................. $ 69,004.13 k) Self-insurance fund (restricted) Bank of Guam TCD $ 00.00 Money Concepts TCD $ 1,043,161.03 Bank Pacific $ 000.00 Reserves for Asat-Das /etc $

Total................................................. $1,043,161.03 l) Reserves for replacement: Bank of Guam TCD $216,134.10 Bank Pacific $242,566.06 Total $458,700.16

4

$ 400,000 will be transferred from the RFR for the Asat-Das/Sagan reservation reflecting an available balance of ………………………… m) Emergency housing fund, Bank of Guam TCD $ 86,224.72 Bank Pacific $ 13,173.79 Total............................................................................ $ 99,398.51 n) As-Atdas Operations, Bank Pacific ……………………………….. $ 10,735.96 o) Tenant security deposit (restricted) ……………………………….. $ 7,088.98 Total cash available for operations Rental Division ………… $ 287,908.78 Summary of Committed funds: Total committed to Affordable home program ………………… $ 500,000 ? Total committed to Asat-Das/Sagan …………………………… $ 400,000 ? Total committed to borrower’s mortgages ………………………… $ 2,231,361 Total committed to the FTHOA program …………………………. $ 309,948 Total committed ………………………………………………………………….. $2,541,309 5) Debt Service and Operations Operations: Personnel (incl benefits) $ 159,547 monthly, average Miscellaneous other, recurring $ 21,580 monthly, average retirees, cola, sup $ 12,855 monthly, average Rental, other $ 23,433 monthly, average Total......................................................................................$ 217,416 mthly, average CASH outlay for this month includes building renovations, $107,021; plus retiree’s benefits of $ 224,606 6) Financials; including Rental assets and liabilities: A) Balance Sheet;

5

1) Assets: Assets total $ 47,226,778 encompassing all monetary instruments and receivables; principal with respect to the “unrestricted” regular portfolio, $ 27,927,712 it may be noted that this is $ 395,553 more than the previous year and, as previously noted the corporation has $ 1,972,096 in its program portfolio. It also includes interest, accrued or $ 54,174. The allowance for loan losses equates to $ 576,418. There have been $------------ in losses written against this account fiscal year to date. 2) Other assets: The land and land held for development includes foreclosed assets total $ 287,739 other buildings, rental units include $ 6,654,943. 3) Investments and Restricted assets: This includes loans written against the Mortgage Revenue Bond and funds placed with the Bond Trustee with respect to the cost of issuance totaling $ 3,666,190; the Foreclosure Protection Fund at $ 502,017 and $ 6,639,884 in restricted and unrestricted cash for special programs or trust including lending and rental operations and the self-insurance fund. 4) Liabilities Liabilities, short term and long, $ 244,519 in loans held in trust. Liabilities also include bonds payable around $ 4.34 million, the balance of the liabilities include $ 718,391 & 63,575 (escrow & borrowers deposits and tenant security) funds held in trust; $ 71,388 for the rebate liability with respect to the MRB. Total Liabilities equal $ 6,663,322 5) Net Assets: Capital assets including buildings, vehicles or furniture at $ 6,706,126; Restricted assets including the revolving loan fund, CAHAT, foreclosure protection fund and escrow funds at $ 3,284,431 and Unrestricted assets including operational cash and loans receivable at $ 30,587,899 for a total of $47,226,778. B) Income Statement 1) The income for the period, fiscal year ‘15 to date reflects a loss of ($ 378,029), the income for the month reflects a loss of ($ 34,132). 2) The interest on loans receivable is exclusive of any accruals beyond 90 days. C) Cash on Cash

6

The corporation has completed eleven month(s) of fiscal year 2015. The corporation’s cash available for operations was less than cash expended including capital outlays by $ 10,202 average per month, this includes the recovery of $3,074 or $ 256 average per month in interest previously placed in non-accrual, otherwise interest income was less than forecast by 5.73%; $ 83,755 or $ 7,614 per month. ( the “cash available for operations” include rent receipts AND is compensating for the lower interest rates in portfolio driven income; the average interest income from loans (portfolio) and other investments (TCD’s); is reflected at $ 195,060 with monthly expenses at $ 217,416 or insufficient by $ 22,355 The net increase in the corporate portfolio fiscal year to date is at $ 412,986 7) Cash Projections: 8) Reports a) The corporation is required to submit its audited financial report to; 1) Bond Trustee within 180 days of the fiscal years end and, 2) The Speaker of the Guam Legislature; All reports have been completed on time, communicated via e-mail to addressees and available on the Guam OPA’s web site. b) The corporation is further required to prepare a separate annual report reflecting the performance of its loan portfolio as directed. c) Other reports as directed 9) Portfolio The corporation’s portfolio consists of a total of 411 loans encompassing $ 29,899,808 of these, 31 files totaling $ 853,251 are USDA loans; the others, 104 files, totaling $ 1,972,096 in funds accounted for in three (3) other, Interest and non- interest bearing categories: a) First Mortgages As of 31 August 2015 the corporation’s general loan portfolio of first mortgages stood at $ 27,927,712 consisting of 307 loans with a weighted average of 5.64 %. 2) Of these, The Revolving Loan Fund encompasses 149 loans with a current principal balance of $ 15,387,379

7

3) Also, and in partnership with the Rural Development program, the corporation has funded first mortgages for 31 loans within those included above in the 6% Revolving Loan Fund Program reflecting a balance of $ 853,251; (For the most part the corporation funds 20% of the applicants loan while holding 1st lien position with the balance or 80% funded by Rural Development). b) Second Mortgages; Third Mortgages, or “other” special category, program loans are as follows: 1) The portfolio for Hazard Mitigation is comprised of one loan or $ 8,111; 2) The Community Affordable Housing Action Trust includes 73 @ $ 1,723,243; 3) Down Payment and Closing Cost Assistance program includes 30 @$ 240,743; Accounts transferred to Legal; $ 3,520,781 of these have been targeted for foreclosure or other legal action. c) Grant; (From the First-time Homeowner Relief Act of 1998) 1) The corporation has issued 125 grants totaling $ 423,193. These are not loans however may have recapture provisions as conditions apply. d) Grant; (From the First-time Homeowner Assistance Program of 2012) From the “Schedule of First-Time Homeowner”-The corporation has issued 313 grants totaling $ 2,365,415 with reservations for 44 more at $ 309,948. These are not loans however do have recapture provisions as conditions apply. e) Mortgage Revenue Bond loans: 1) The corporation has closed or caused to close 57 loans with respect to the Mortgage Revenue Bond program with a current balance just under $ 4,780,000. 10) Funds, (estimated) available (with TCD restrictions or 1 month’s reserves for expenses) for new loans: 1) CAHAT, (interest free)* (restricted) $ 276,757 2) Revolving Loan Fund, (6.00 %)* (restricted) $ 152,727 3) Hazard Mitigation * (restricted) $ 154,556 4) Housing Trust Fund (grant) $ 121,132 Total available for loans or grants, (restricted) ............................................$ 705,172 5) Regular Loan Program, (operations act & TCDs) $ 460,830 6) FHLB account $

8

Total available, (Operations, Housing) ……………….. $ 460,830 7) Available from rents, Lada (Operations, Rental ) …………… $ 287,909 8) Total Operational Funds (Housing & Rental)…………...................................... $ 748,739 Total funds available,(operations & for loans or special program)……… $ 1,453,911 11) Other Funds, corporate, (Reserved): 1) Foreclosure Protection Fund* $ 502,017 2) Reserves for Replacements, rental $ 458,700 3) Self-Insurance Fund, rental $ 1,043,161 4) Emergency Housing Fund $ 99,399 5) Asat-das $ 9,557 Total RESERVED.............................................................. $2,112,834 12) Other Funds, TRUST , (Held-in-Trust): 1) Tenant Security Deposit $ 76,095 2) Borrower’s Trust Account $ 407,172 3) Borrower’s Deposit $ 311,220 Total TRUST.......................................................................... $ 794,486 Total, (RESERVED or TRUST) ...................................................................... $ 2,907,330 Total funds:........................................................................................................ $ 4,361,231 Clyde E. Beaver copy to:

Manager Loan Administrator Accounting Manager * appropriated and restricted by Public Law

Loan Number of Loan Month Program Loans Purchase Construction Amount

03-Oct-14 Cahat 1 1 0 40,000.00$ 30-Nov-14 Direct 2 2 0 281,200.00$ 31-Dec-14 Direct 1 1 0 180,000.00$ 31-Jan-15 None 0 0 0 -$ 28-Feb-15 None 0 0 0 -$ 31-Mar-15 Direct 1 0 1 78,000.00$ 30-Apr-15 None 0 0 0 -$

31-May-15 Six Percent 1 1 0 218,000.00$ 30-Jun-15 Direct 3 2 1 390,000.00$ 31-Jul-15 Direct 1 1 0 175,000.00$

31-Aug-15 None 0 0 0 -$

10 8 2 1,362,200.00$

Average Loan

Month Loan Interest Loan Home Loan Approved Purpose Rate Amount Price Processor

14-Oct-14 Purchase 5.125% 131,200.00 Emily Direct (SRF)12-Nov-14 Purchase 4.250% 150,000.00 Addie Direct (SRF)2-Dec-14 Construction 5.090% 78,000.00 Addie Direct (SRF)31-Jan-15 None - 28-Feb-15 None - 31-Mar-15 None - 30-Apr-15 None - 8-May-15 Purchase 4.00% 218,000.00 Emily Six Percent (RLF)10-Jun-15 Construction 4.00% 179,000.00 Susymae Six Percent (RLF)31-Jul-15 Purchase 4.75% 175,000.00 Emily Direc (SRF)

931,200.00$

Average Loan

Month Loan Interest Loan Loan Approved Purpose Rate Amount Processor

31-Oct-14 None5-Nov-14 Purchase 5.125% 180,000.00$ Susymae

31-Dec-14 None -$ 31-Jan-15 None -$ 28-Feb-15 None -$ 12-Mar-15 Purchase 4.790% 230,000.00$ Susymae30-Mar-15 Construction 4.000% 125,000.00$ Addie13-Apr-15 Construction 4.000% 179,000.00$ Addie16-Apr-15 Purchase 4.000% 220,000.00$ Emily30-Apr-15 Construction 4.950% 148,297.92$ Addie8-May-15 Purchase 4.790% 115,000.00$ Emily30-Jun-15 -$ 31-Jul-15 Purchase 4.950% 135,000.00$ Susymae

20-Aug-15 Construction 4.790% 98,000.00$ Susymae20-Aug-15 Construction 4.790% 114,852.00$ Susymae20-Aug-15 Purchase 4.090% 148,800.00$ Emily

1,693,949.92$

132,300.00$

PRE-APPROVALS FISCAL YEAR 2015As of August 31, 2015

LOAN CLOSED - FISCAL YEAR 2015As of August 31, 2015

Type of Loan

136,220.00$

LOAN APPROVALS - FISCAL YEAR 2015As of August 31, 2015

TOTAL GRANT APPROVALS: 358 2,700,304.77$ TOTAL GRANT DISBURSED: 317 2,232,623.71$

FIRST-TIME HOMEOWNER ASSISANCE PROGRAM APPROVAL AND DISBURSED

DElINQUENCY

LAOA GARDENS 30 DAY

MONTH/ YEAR # OF ACCT5 TOTAL

Jan-14 33 $ 14,027.55 Feb·14 38 $ 16,251.14 Mar-14 35 $ 13,648.42 Apr-14 29 $ 14,045.88 May·14 35 $ 17,713.89 Jun-14 28 $ 13,385.00 Jul-14 25 $ 12,624.93

Aug·14 25 $ 11,914.18

5ep· 14 27 $ 13,059.94

Oct·14 26 $ 11,887.75 Nov-14 31 $ 15,633.18 Oec-14 30 $ 15,427.40 Jan-IS 30 $ 14,504.06 Feb·15 28 $ 14,665.83 Mar-IS 23 $ 10,256.68 Apr- IS 18 $ 7,636.96 May-15 28 $ 12,704.07 Jun -1S 35 $ 15,339.47 Jul-15 27 $ 9,965.81 Aug-15 29 $ 11,959.88

GUMA A5-ATOA5 30 DAY

MONTH/yEAR # OF ACCT5 TOTAL

Jan-14 6 $ 2,040.00

Feb-14 6 $ 1,710.00 Mar-14 3 $ 680.00 Apr-14 5 $ 1,570.00 May-14 2 $ 310.00 Jun-14 9 $ 4,220.00 Jul-14 5 $ 2,160.00

Aug·14 6 $ 3,147.00 Sep-14 4 $ 1,360.00

Oct-14 3 $ 55.00 Nov-14 3 $ 620.00 Oec-14 4 $ 1,848.00 Jan-IS 4 $ 2,040.00

Feb·15 6 $ 2,590.00 Ma r-IS 5 $ 1,533.43

Apr·15 4 $ 1,900.00 May-IS 5 $ 1,700.00

Jun-IS 5 $ 2,210.00 )ul·15 4 $ 1,070.00 Aug-IS 3 $ 1,080.00

60 DAY

#OF ACCT5

23 $ 27 $ 18 $ 12 $ 5 $ 11 $ 20 $ 21 $ 21 $ 15 $ 14 $ 16 $ 12 $ 16 $ 20 $ 17 $ 16 $ 14 $ 18 $ 19 $

60 DAY

#OF ACCT5

6 $ 3 $ 1 $

° $ 3 $ 2 $ 4 $ 3 $ 4 $ 5 $ 5 $ 4 $ 6 $ 3 $ 4 $ 1 $ 5 $ 5 $ 6 $ 4 $

FY2015

DELINQUENCY REPORT

AS OF AUGUST 2015

90 DAY

TOTAL # OF ACCT5

23,648.50 7 $ 27,933.33 4 $ 17,868.05 3 $ 10,256.59 3 $

3,564.28 3 $ 10,173.79 10 $ 20,616.79 11 $ 20,638.73 13 $ 19,904.85 12 $ 14,083.79 3 $ 13,563.46 8 $ 17,901.46 11 $ 13,266.50 14 $ 16,340.00 8 $ 20,821.50 4 $ 16,675.46 10 $ 15,539.96 8 $ 13,627.90 8 $ 16,539.43 12 $ 18,012.82 8 $

90 DAY

TOTAL # OF ACCT5

6,025.00 ° $ 2,590.00 2 $ 680.00 3 $

- 1 $ 2,120.00 ° $ 1,550.00 ° $ 3,560.00 3 $ 3,010.00 1 $ 3,557.00 1 $ 4,617.00 2 $ 4,177.00 1 $ 4,757.00 1 $ 7,305.00 1 $ 3,087.00 2 $ 3,927.00 3 $

807.00 5 $ 4,605.43 2 $ 4,502.00 2 $ 6,157.00 ° $ 3,837.00 4 $

120 DAY 150+DAY

TOTAL #OF ACCT5 TOTAL # OF ACCT5 TOTAL

12,077.50 8 $ 14,151.12 8 $ 23,482.22 $ 87,386.89 7,046.00 4 $ 9,152.50 7 $ 14,071.84 $ 74,454.81 4,975.00 2 $ 4,870.00 6 $ 19,689.84 $ 61,051.31 4,290.00 2 $ 4,690.00 7 $ 25,014.84 $ 58,297.31 4,369.00 1 $ 2,165.00 7 $ 24,784.91 $ 52,597.08

17,679.00 ° $ 4 $ 16,585.00 $ 57,822.79 18,018.31 2 $ 4,154.84 2 $ 8,605.00 $ 64,019.87 21,624.06 3 $ 7,589.28 3 $ 12,199.84 $ 73,966.09 21,188.94 1 $ 2,130.00 5 $ 17,235.00 $ 73,518.73

4,466.00 6 $ 14,538.94 5 $ 21,909.84 $ 66,886.32 14,190.00 6 $ 12,866.00 7 $ 27,753.78 $ 84,006.42

18,132.46 4 $ 9,866.00 11 $ 42,268.78 $ 103,596.10 23,765.00 9 $ 20,902.46 9 $ 41,459.78 $ 113,897.80 11,755.00 10 $ 22,360.00 10 $ 43,250.00 $ 108,370.83

6,896.00 10 $ 23,349.00 11 $ 48,789.78 $ 110,112.96 16,025.06 6 $ 15,315.00 9 $ 39,964.96 $ 95,617.44

13,897.50 5 $ 10,930.00 5 $ 24,574.94 $ 77,646.47 13,847.00 2 $ 4,461.00 7 $ 29,149.94 $ 76,425.31

21,684.00 1 $ 2,050.00 5 $ 29,101.60 $ 79,340.84

12,287.90 5 $ 12,519.00 3 $ 16,270.77 $ 71,050.37

120 DAY 150+DAY

TOTAL # OF ACCT5 TOTAL # OF ACCT5 TOTAL . 2 $ 4,320.00 2 $ 12,675.05 $ 25,060.05

3,380.00 2 $ 3,680.00 3 $ 10,010.00 $ 21,370.00 5,140.00 1 $ 1,880.00 2 $ 8,390.00 $ 16,770.00 1,730.00 3 $ 6,660.00 2 $ 9,050.00 $ 19,010.00

. 1 $ 2,476.00 3 $ 13,375.00 $ 18,281.00 1 $ 2,386.00 3 $ 15,450.00 $ 23,606.00

4,740.00 ° $ - 3 $ 10,276.00 $ 20,736.00 1,080.00 3 $ 7,240.00 2 $ 7,076.00 $ 21,553.00 1,365.00 1 $ 1,580.00 5 $ 17,566.00 $ 25,428.00 3,050.00 0 $ - 5 $ 17,221.07 $ 24,943.07 1,710.00 1 $ 1,600.00 3 $ 14,016.00 $ 22,123.00 1,400.00 1 $ 2,060.00 4 $ 18,578.00 $ 28,643.00 1,830.00 1 $ 2,050.00 4 $ 20,661.00 $ 33,886.00 3,748.43 1 $ 2,080.00 3 $ 19,500.00 $ 31,005.43 4,540.00 1 $ 2,350.00 2 $ 14,258.00 $ 26,608.43 6,278.00 1 $ 2,600.00 2 $ 15,558.00 $ 27,143.00 2,985.00 ° $ · 2 $ 8,769.49 $ 18,059.92 2,818.43 ° $ · 2 $ 8,189.49 $ 17,719.92 - ° $ · 2 $ 9,149.49 $ 16,376.49 6,219.00 ° $ - 2 $ 9,559.49 $ 20,695 .49

GROSS RENT (COLLECTED)

MONTH/YEAR LADA GARDENS GUMA AS-ATDAS TOTAL

Jan-14 $ 44,935.62 $ 6,778.38 $ 51,714.00

Feb-14 $ 64,740.27 $ 9,625.05 $ 74,365.32

Mar-14 $ 82,326.00 $ 14,695.00 $ 97,021.00

Apr-14 $ 73,436.95 $ 10,321.95 $ 83,758.90

May-14 $ 57,070.98 $ 7,239.00 $ 64,309.98

Jun-14 $ 54,775.00 $ 6,315.00 $ 61,090.00

Jul-14 $ 66,950.49 $ 9,243.49 $ 76,193.98

Aug-14 $ 41,724.41 $ 8,896.34 $ 50,620.75

Sep-14 $ 76,530.01 $ 7,406.83 $ 83,936.84

Oct-14 $ 75,066.67 $ 9,403.02 $ 84,469.69

Nov-14 $ 48,240.31 $ 6,463.38 $ 54,703.69

Dec-14 $ 48,705.21 $ 4,798.00 $ 53,503.21

Jan-IS $ 56,493.31 $ 5,070.00 $ 61,563.31

Feb-IS $ 62,875.56 $ 9,675.00 $ 72,550.56

Mar-IS $ 67,152.09 $ 7,240.00 $ 74,392.09

Apr-IS $ 62,548.09 $ 9,190.00 $ 71,738.09

May-15 $ 64,067.59 $ 10,383 .58 $ 74,451.17

Jun-15 $ 56,121.48 $ 10,450.00 $ 66,571.48

Jul-15 $ 62,452.33 $ 9,038.00 $ 71,490.33 Aug-15 $ 58,270.02 $ 7,054.43 $ 65,324.45

GHC - VACANCY LISTING AS OF AUGUST 201S Unit No. INTERNAL HSE# B/R Monthly Rent Unit Status

LADA 1 FEMA 124 2 $ 450.00 Non Profit Organization; Neighborhood Nurturing Neighborhoods.

2 133A 246 2 $ 575.00 Occupied by homeless family. 3 142A 232 2 $ 575.00 Occupied by homeless family. 4 143B 182 2 S 575.00 Occupied by homeless family. 5 145A 184 2 $ 575.00 To be prepared for occupancy by staff

6 145B 186 2 $ 575.00 Occupied by homeless family.

7 149B 249 2 $ 575.00 Tenant move out date of 8/4/2015

1 119 172 3 $ 625.00 To be prepared for occupancy by staff

2 222 278 3 $ 625.00 To be prepared for occupancy by staff

3 180 245 3 $ 625.00 Tenant move in date of 8/11/15 4 1118 235 3 $ 625.00 Occupied by Homeless Family 5 115A 236 3 $ 625.00 To be prepared for occupancy by staff 6 136C 177 3 $ 625.00 Occupied by Fire Victim 7 2138 268 3 $ 625.00 Occupied by Homeless Family 8 161A 196 3 $ 625.00 Move out 8/28/2015 9 180 268 3 $ 625.00 Tenant move in date of 8/13/15

1 111A 234 4 $ 700.00 Under renovation by contractor and staff 2 420 211 4 $ 700.00 To be prepared for occupancy by staff

3 169A 198 4 $ 700.00 To be prepared for occupancy by staff 4 113A 170 4 $ 900.00 Evicted 8/5/15

TOTAL VACANT: 20

Unit No. INTERNAL HSE# 8/R Monthly Rent Unit Status GUMA AS-ATDAS

1 A107 3 $ 650.00 To be prepared for occupancy by staff 2 A109 2 $ 500.00 To be prepared for occupancy by staff 3 A111 3 $ 650.00 To be prepared for occupancy by staff 4 A112 3 $ 650.00 To be prepared for occupancy by staff 5 8201 3 $ 650.00 To be prepared for occupancy by staff 6 8203 2 $ 500.00 To be prepared for occupancy by staff 7 8206 3 $ 650.00 To be prepared for occupancy by staff 8 8207 3 $ 650.00 To be prepared for occupancy by staff 9 8209 2 $ 500.00 To be prepared for occupancy by staff

10 8211 3 $ 650.00 To be prepared for occupancy by staff TOTAL VACANT: 10

SAGAN

1 S136 4 $ 650.00 Occupied by homeless 2 5149 2 $ 550.00 To be prepared for occupancy by staff 3 5184 3 $ 600.00 Occupied by homeless family 4 5206 2 $ 550.00 To be prepared for occupancy by staff 5 5274 $ 500.00 To be prepared for occupancy by staff

TOTAL VACANT: 5

Agenda 10.7.158.25.15 minutesAccounting Report (Aug'15)QAO Report 9.29.15Loan Report 9.29.15 (Emily - Prequal)Report for Mary_FY2015

8.2015 del. and gross rent (Rental - Open)August 2015 Vacancy (Rental - Open)