Preview
Fairbridge Real Estate Investment Trust vs Robinhood
Properties Receivers Report Index # EF2022-477
Reported by: Peter A. Sciocchetti Receiver
This is a report of my activities for the month of April 2023 as Court
Appointed Receiver in this matter.
-I Continue participating in the weekly conference calls with Plaintiff, Receivers
attorney and Plaintiff attorneys regarding activities and updates for the week.
LITTLE FALLS
- I Continue to negotiate with HUD on Little Falls the receipt of
Property regarding
tenant subsidy rents due under the Section 8 agreement between the property
owners and HUD. Subsidy rental payments have been suspended by HUD to the
property Owner since 2021.
-With the courts approval we have hired a HUD certified property management
Co to manage the Little Falls property. We have entered into an agreement that
corresponds with the period of the receivership. We continue to work with HUD
on receiving the back rents due for this property.
-A site visit was conducted by our new management company and the site
manager to determine what improvements need to be completed at the site to
appease HUD and keep the property in compliance.
-HUD has notified us that they will be doing a site inspection later this year.
-Currently 46 out of the 50 units are occupied.
-99% of tenants share of rent collected. One eviction notice issued for
nonpayment.
-We are working with HUD to receive a rent increase that was due to the
property from 2022 and now 2023. The rent increase will increase the HUD
subsidy portion of the rent payments. They will pay retroactive as soon as we
complete the required documentation. We expect to have this completed in the
next 30 days.
GRANVILLE
-I conducted a site visit on 4/24/2023 the purpose of site inspection and meeting
with Robert Rathbun our maintenance technician at the property.
-All 12 units are occupied
-We are collecting approximately 70% of the rents. Some are still being paid to
the owner and the remainder delinquent. I have made attempts to reverse the
landlord directed payments.
-We are attempting to bring the delinquents current.
FONDA
-A site visit was conducted by me on 04/21/2023 for the purpose of a site
inspection and a meeting with the maintenance technician for the property.
-Currently 9 of the 24 units are vacant and only 2 are in a rentable condition.
-Of the remaining 15 units 5 of the tenants are under eviction for nonpayment of
rent. The evictions process is being handled by the receiver appointed attorney
KVW.
-Out of the 10 remaining tenants paying rent, one continues to send his payment
to the landlord despite being asked repeatedly not to. A letter was sent again by
KVW to stop paying him and to pay the receiver.
GENERAL NOTES
-Reports of collections and expenses paid are attached.
-KVW has approached the court to assist in having the landlord provide us with
certain financial accounts and reports as it pertains to the operation of the
properties. This action was taken by me after numerous attempts to obtain these
landlords'
accounts and reports directly from employees and their counsel proved
unsuccessful.
-I have established a credit / debit card method to receive rent payments from
tenants through Key Bank that deposits the funds directly through to our checking
account.
End of Report
Rent Roll Fairbridge REIT
UPDATED 4/17/23 04/20/23
TENANT NAME UNIT # AMOUNT PAID SECTION 8 CHECK # CC Notes
GRANVILLE
Diaz/Demercurio, israel,Jessica #1 $ 1,000.00 X
Barker Kyle #2 $ 2,000.00 16243 X 50/50
Visat Jay #3 $ 800.00 571
Merritt/Sheets, Mike/Kaylee #4 $ 815.00 X
Westerman, Rebecca #5
Kahler, Ty #6 $ 1,640.00 X
B.-.1
Killion, Julie #1 $ 177.00 $ 1,046.00 1246239
Meade, Mathew #2 $ 1,000.00 Cashier Ck
Sevillano, Carlo-Criselda #3 $ 1,200.00 152
Slate Valley Center #4 RAVEN
Wanko Thomas #5 $ 800.00 MO
VALIGORSKI J #6 $ 131.00 $ 1,260.00 1246239 MO
FONDA
Smith, Tiffany #1 $ 431.00 1743731 RAVEN 570
Garcia, Marisol&John #2 $ 800.00
Igler, Luise #3 $ 795.00 2663
Benammar,Spencer Ashkenas, Chloe #4 RAVEN
Watkins, Denise #5 $ 164.00 $ 578.00 1744102 MO
Vacant #6
Jones, David & Thomas #7 $ 770.00 MO
Husain, Syed & Lee, Meghan #8 $ 500.00 X
Arnold, LeeAnn #9 $ 850.00 X Inc/40 Lfee
Lobdell, Sara #10 $ 1,000.00 MO
McKiver, Serena #11 $ 988.00 1744102
Vacant #12 $ 1,976.00 2 cks
Vacant #13
Ralston, Tammy #14 $ 450.00 995005
Vacant #15
Vacant #16
Cesar, Josette #17 $ 322.00 $ 617.00 1744102 BC
Vacant #18
Vacant #19
Vacant #20
Jordan, Thomas #21 No Pymt
Vacant #22
Loux, Dylan & Brandy, Cara #23 $ 900.00 MO
Crosier Jennifer #24 $ 900.00 MO
LITTLE FALLS
Girenti, Scott #100 $ 235.00 801260490
Goutremont, Marjore #101 $ 450.00 1376 450/Labor
Wilcox-Buneo, Frances #102 $ 277.00 MO
Skiff, Jodi #103 $ 411.00 884
Pisano, Lisa #104 $ 246.00 640
Morrill, Jean #105 $ 222.00 734
Bishop, Robert #106 $800/labor
Jimenez, Janet #107 $ 243.00 159
Robb, Maria #108 $ 315.00 4568112
Tucci, Sharon #109 $ 274.00 814
Petrie, Barbara #110 $ 400.00 2762
Anderson, Catherine #111 $ 530.00 3537/3538
Vacant #112
North, Arthur #113 $ 322.00 575
Rockwell, Freda #114 $ 280.00 4197
Black, Elizabeth #115 $ 216.00 X
Tucci, Barry #116 $ 121.00 649
O'Brien, Lynn #117 $ 264.00 4821
Levine, Elizabeth #118 $ 222.00 1026
Pugh, Patricia #119 $ 171.00 MO
Backell, William #120 $ 460.00 CASH
Ropeter, Wayne #121 $ 121.00 MO
Ingardia, Nina #122 $ 187.00 CASH
O'Connor, Ann Marie #123 $ 244.00 CASH
Conover, Regina #124 $ 129.00 X
Cooper, Douglas #200 $ 297.00 $ 395.00 5578 Sec/Dep
Vacant #201
Milana, Joseph #202 $ 94.00 X
Salls, mark #203 $ 324.00 MO
Vacant #204
Grant, Otto #205 $ 399.00
Jeski, Lisa #206 $ 121.00 1072
Trenkle, Walter, Jr. #207 $ 76.00 742
Bellinger, Bonny #208 $ 236.00 1191
Johnson, Donald #209 $ 130.00 62593
hardy, Joseph #210 $ 244.00 X 20/pet dep.
Shearer, Raymond #211 $ 244.00 1352
Vacant #212
Man, Debbie #213 $ 244.00 X
Gonzalez, Sergio #214 $ 222.00 1063
Penn, MaryKay #215
Pasqualicchio, Frank #216 $ 286.00 MO
Miller, Lee #217
Casper, Elizabeth #218 $ 537.00 167
Ward Carl #219 $ 203.00 X
Pulaski, Eileen #220 $ 313.00 X
Simchera #221 $ 196.00 CASH
Vacant #222
Siver, Alice #223 $ 235.00 CASH
Freer, Robert #224 $ 149.00 X
Total $ 27,774.00 $ 7,421.00
$ 35,195.00 $ 36,445.00 TOTAL
CASH HELD QN SITE LITTLE FALLS A_PIT_Q
$ 460.00 120
$ 187.00 122
$ 244.00 123
$ 196.00 221
$ 235.00 223
$ 1,322.00 TOTAL
Rent Bartered for Wages Little Falls
$ 800.00 106
$ 450.00 101
$ 1,250.00 TOTAL Added to Total
Fairbridge Reit Expenses
Apr-23
VENDER NAME PROPERTY CHECK# AMOUNT DESCRIPTION
NYSEG Granville On Line $ 1,225.62 Utility
NYSEG Granville On Line $ 452.05 Utility
R Rathbun Contracting Granville 103 $ 3,020.00 Maintenance
R Rathbun Contracting Granville 109 $ 455.00 Maintenance
Greg Goutremont Little Falls 108 $ 390.00 Maintenance
Fire Fighting Equipment Co. Inc Little Falls 104 $ 145.98 Equipment
Robert Bishop Little Falls 105 $ 3,534.00 Site Manager
Verizon Little Falls On Line $ 141.61 Phone
Mirko Manrique Fonda 101 $ 3,026.00 Maintenance
Mirko Manrique Fonda 102 $ 2,795.00 Maintenance
Mirko Manrique Fonda 110 $ 4,140.00 Maintenance
Mirko Manrique Fonda 111 $ 250.00 Petty Cash
National Grid Fonda On Line $ 1,739.60 Utilities
Martha Guallpa Portfolio 106 $ 2,714.00 Property Manager
Peter Sciocchetti Portfolio 107 $ 3,977.60 Receiver Expense Reim.
TOTAL PAID EXPENSES FOR MONTH $ 28,006.46
Business BanMng hement
89anx93885
April 30, 2023
Cleveland, OH 44101-5885
page 1 of 3
320721003210
10 T 7 2 00000 R EM T1
PETER SCIOCCHETTI RECElVER
Questions or comments?
88 CAMBRIDGE WAY
Call our Key Business Resource Center
LATHAM NY 12110-5145
1-888-KEY4BlZ (1-888-539-4249)
Enroll in Online Banking today at Key.com.
Access your available accounts, transfer funds and view your transactions right from your PC.
Key Business Reward Checking 320721003210
PETER SCIOCCHETTI RECElVER
Beginning balance 3-31-23 $27,395.00
13 Additions +30,099.47
16 Subtractions -28,212.08
Net fees and charges -15.00
Ending balance 4-30-23 $29,267.39
Additions
Deposits Date Serial # Source
4-4 Key Merchant Svsdeposit 896245236881 $244.00
4-5 Key Merchant Sysdeposit 896245236881 216.00
4-5 Deposit Branch 0072 New York 9,169.00
4-6 Key Merchant Sysdeposit 896245236881 1,793.47
4-10 Key Merchant Svsdeposit 896245236881 670.00
4-12 Key Merchant Svsdeposit 896245236881 399.00
4-12 Deposit Branch 0072 New York 6,603.00
4-13 Key Merchant Svsdeposit 896245236881 313.00
4-17 Key Merchant Svsdeposit 896245236881 1,650.00
4-20 Deposit Branch 0072 New York 6,466.00
4-24 Key Merchant Svsdeposit 896245236881 500.00
4-26 Key Merchant Svsdeposit 896245236881 700.00
4-27 Customer Deposit 1,376.00
Total additions $30,099.47
Subtractions
*
Paper Checks check missing from sequence
Check Date Amount Check Date Amount Check Date Amount
101 4-13 $3,026.00 102 4-13 2,795.00 103 4-11 3,020.00
320721003210 - 03290
4041
Business Banking Statement
April 30, 2023
page 2 of 3
320721003210
Subtractions
(con't)
*
Paper Checks check missing from sequence
Check Date Amount Check Date Amount Check Date Amount
104 4-14 145.98 107 4-14 3,977.60 109 4-25 455.00
105 4-18 3,534.00 108 4-17 390.00 110 4-27 4,140.00
106 4-19 2,714.00
Paper Checks Paid $24,197.58
Withdrawals Date Serial # Location
4-3 Key Merchant Svsdiscount 896245236881 $136.23
4-12 Direct Withdrawal, Ngrid36 Ngrid36Tel 1,739.60
4-14 Direct Withdrawal, Nyseg Nyseg Bill 452.05
4-14 Direct Withdrawal, Nyseg Nyseg Bill 1,225.62
4-25 Chargeback 411.00
Transfers Date Serial # Destination
4-4 Trf To DDA 0000320721003384 3290 $50.00
Total subtractions $28,212.08
Fees and
charges Date Quantity Unit Charge
4-28-23 Chargeback Fee 1 15.00 -$15.00
Fees and charges assessed this period -$15.00
320721003210 - 03290
4041
Business Banking Statement
x 93885
April 30, 2023
Cleveland, OH 44101-5885
page 1 of 2
320721003384
T 72 00000 R EM T1
PETER SCIOCCHETTI RECElVER Questions or comments?
88 CAMBRIDGE WAY
Call our Key Business Resource Center
LATHAM NY 12110-5145
1-888-KEY4BlZ (1-888-539-4249)
Enroll in Online Banking today at Key.com.
Access your available accounts, transfer funds and view your transactions right from your PC.
KeyBank Basic Business Checking 320721003384
PETER SCIOCCHETTI RECElVER
Beginning balance 4-4-23 $0.00
1 Addition +50.00
Ending balance 4-30-23 $50.00
Additions
Deposits Date Serial # Source
4-4 Trf Fr DDA 0000320721003210 3290 $50.00
Total additions $50.00
Fees and
charges Date Quantity Unit Charge
4-28-23 Paper Statement Fee 1 3.00 -$3.00
4-28-23 Service Charge Waive To Relationship Pricing 1 3.00 +3.00
Fees and charges this period so.oo
320721003384 - 03290
4225
page 2 of 2
CUSTOMER ACCOUNT DISCLOSURES
The following disclosures apply only to accounts covered by the Federal Truth-in-I.ending
Act or the Federal Electronic Funds Transfer Act, as amended, or similar state laws.
IN CASE OF ERROR OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS:
Call us at the phone number indicated on the first page of this statement, OR write us at BALANCING YOUR ACCOUNT
the address IIsted below, as soon as you can, if you think your statement or receipt is
wrong or if you need more information about a transfer listed on the statement or receipt. PleaSG 0Xamine OUr statement and paid check information
We must hear from you no later than sixty (60) days after we sent you the FIRSTstatement
on which the problem or error appeared. upon receipt. Erasures, alterations or irregularities should be
KeyBank reported promptly in accordance with your account agreement.
Customer Disputes The suggested steps below will help you balance your account.
NY-31-55-0228
Pat
onon1 INSTRUCTONS
Q Verify and check off in your check register each deposit,
" Tell us your name and Account number; .
" Describe the error or transfer that you are unsure about, and explain as check or other transaction shown on this statement.
clearly as you can why you believe it is an error or why you need more
information; Enter into your check register and SUBTRACT:
M M WM
" Tell us the dollar amount of the suspected error. " C SM
If you tell us orally, we may require that you send us your complaint or question in writing you have notalready entered.
within ten (10) business days.
. " The "Service if any, shown on your statement.
We will investigate your complaint and will correct any error promptly. If we take more charges",
than ten (10) business days to do this, we will recredit your account for the amount you .
think is in error, so that you will have use of the money during the time it takes us to Enter mto your check register and ADD:
complete ourinvestigation. " Deposits or other credits shown on your statement that
COMMON ELECTRONIC TRANSACTION DEsCRIPTIONS: you have not already entered.
XFERTO SAV - Transfer to Savings Account . earned"
XFERFROM SAV - Transfer from Savings Account The "Interest shown on your statement, if any.
XFERTO CKG - Transfer to Checking Account
XFERFROMCKG - Transfer from Checking Account
- Paymentto Credit Card List from your check List any depoeIts from
PMT TO CR CARD
ADV CR CARD - Advance from Credit Card register any checks or your check register that
Preauthorized Credits: If you have arranged to have direct deposits made to your other deductions that . are notehown on your
Account at least once every sixty (60) days from the same person or company, you can are notshown on your statement.
call us at the number indicated on the reverse side to find out whether or not the deposit
has been made. statement.
IMPORTANT LINE OF CREDIT INFORMATION Check # Amount Date Amount
What To Do If You Think You Find A Mistake on Your Statement: If you think there is
an error on your statement, write us at: KeyBank N.A, P.0 Box 93885, Cleveland, OH
44101- 4825.
In your letter, give us the following information:
" Account Information : Your nameand account number.
" Dollar Amount : The dollar amount of the suspected error.
" Description of the Problem : if you think there is an error on your bill, describe
what you believe is wrong and why you believe it was a mistake. TOTA + $
You must contact us within 60 days after the error appeared on your statement. You must
notify us of any potential errors in writing. You may call us, but if you do we are not
req to Investigate any potential errors and you may have to pay the amount in
$ Enter ending balance
While we Investigate whether or not there has been an error, the following are true: shown on your
" We cannot try to collect the amount in question, or report you as delinquent on staterpent.
that amount.
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charge you interest on that amount. But, if we determine that we made a
mistake, you will not have to pay the amount In question or any interest or
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the remainderof your balance. Add 5 and 6 and enter
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total here.
Explanation of Finance Charge: Your Finance Charge attributable to interest
(hereInafterreferred to as Interest) Is computed using the Average Daily Balance method.
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computed on all purchases and cash advances (collectively "advances") from the date
each advance is posted until we receive payment in full (there is no grace period). We
figure the Interest on your line of credit by multiplying the daily periodic rate by the
"Average Daily Balance" of your line of credit Oncluding current transactions) and
multiplying by the number of days in the billing cycle. To get the Average Daily Balance
we take the beginning balance of your line of credit each day, add any new advances or
debits, and subtract any payments and credits, any non-financed fees and unpaid interest.
This gives us the daily balance. Then we add up all of your daily balances in the billing
cycle and divide this total by the number of days in the billing cycle to get your Average
Ct 8 frM 7
CREDIT INFORMATION: If you believe we have reported Inaccurate information about enter difference here.
your account to a credit reporting agency, you may contact the credit reporting agency or
write to us at: $
Key Credit ResearchDepartment
P.O.Box 94518
Cleveland, Ohio 44101-4518 This amount should agree with
Please include your account number, a copy of your credit report reflecting the inaccurate
information, name, address, city, state, and zip code, and an explanation of why you
believe the information is Inaccurate.
320721003384 - 03290
4225
Preview
Fairbridge Real Estate Investment Trust vs Robinhood Properties Receivers Report Index # EF2022-477 Reported by: Peter A. Sciocchetti Receiver This is a report of my activities for the month of April 2023 as Court Appointed Receiver in this matter. -I Continue participating in the weekly conference calls with Plaintiff, Receivers attorney and Plaintiff attorneys regarding activities and updates for the week. LITTLE FALLS - I Continue to negotiate with HUD on Little Falls the receipt of Property regarding tenant subsidy rents due under the Section 8 agreement between the property owners and HUD. Subsidy rental payments have been suspended by HUD to the property Owner since 2021. -With the courts approval we have hired a HUD certified property management Co to manage the Little Falls property. We have entered into an agreement that corresponds with the period of the receivership. We continue to work with HUD on receiving the back rents due for this property. -A site visit was conducted by our new management company and the site manager to determine what improvements need to be completed at the site to appease HUD and keep the property in compliance. -HUD has notified us that they will be doing a site inspection later this year. -Currently 46 out of the 50 units are occupied. -99% of tenants share of rent collected. One eviction notice issued for nonpayment. -We are working with HUD to receive a rent increase that was due to the property from 2022 and now 2023. The rent increase will increase the HUD subsidy portion of the rent payments. They will pay retroactive as soon as we complete the required documentation. We expect to have this completed in the next 30 days. GRANVILLE -I conducted a site visit on 4/24/2023 the purpose of site inspection and meeting with Robert Rathbun our maintenance technician at the property. -All 12 units are occupied -We are collecting approximately 70% of the rents. Some are still being paid to the owner and the remainder delinquent. I have made attempts to reverse the landlord directed payments. -We are attempting to bring the delinquents current. FONDA -A site visit was conducted by me on 04/21/2023 for the purpose of a site inspection and a meeting with the maintenance technician for the property. -Currently 9 of the 24 units are vacant and only 2 are in a rentable condition. -Of the remaining 15 units 5 of the tenants are under eviction for nonpayment of rent. The evictions process is being handled by the receiver appointed attorney KVW. -Out of the 10 remaining tenants paying rent, one continues to send his payment to the landlord despite being asked repeatedly not to. A letter was sent again by KVW to stop paying him and to pay the receiver. GENERAL NOTES -Reports of collections and expenses paid are attached. -KVW has approached the court to assist in having the landlord provide us with certain financial accounts and reports as it pertains to the operation of the properties. This action was taken by me after numerous attempts to obtain these landlords' accounts and reports directly from employees and their counsel proved unsuccessful. -I have established a credit / debit card method to receive rent payments from tenants through Key Bank that deposits the funds directly through to our checking account. End of Report Rent Roll Fairbridge REIT UPDATED 4/17/23 04/20/23 TENANT NAME UNIT # AMOUNT PAID SECTION 8 CHECK # CC Notes GRANVILLE Diaz/Demercurio, israel,Jessica #1 $ 1,000.00 X Barker Kyle #2 $ 2,000.00 16243 X 50/50 Visat Jay #3 $ 800.00 571 Merritt/Sheets, Mike/Kaylee #4 $ 815.00 X Westerman, Rebecca #5 Kahler, Ty #6 $ 1,640.00 X B.-.1 Killion, Julie #1 $ 177.00 $ 1,046.00 1246239 Meade, Mathew #2 $ 1,000.00 Cashier Ck Sevillano, Carlo-Criselda #3 $ 1,200.00 152 Slate Valley Center #4 RAVEN Wanko Thomas #5 $ 800.00 MO VALIGORSKI J #6 $ 131.00 $ 1,260.00 1246239 MO FONDA Smith, Tiffany #1 $ 431.00 1743731 RAVEN 570 Garcia, Marisol&John #2 $ 800.00 Igler, Luise #3 $ 795.00 2663 Benammar,Spencer Ashkenas, Chloe #4 RAVEN Watkins, Denise #5 $ 164.00 $ 578.00 1744102 MO Vacant #6 Jones, David & Thomas #7 $ 770.00 MO Husain, Syed & Lee, Meghan #8 $ 500.00 X Arnold, LeeAnn #9 $ 850.00 X Inc/40 Lfee Lobdell, Sara #10 $ 1,000.00 MO McKiver, Serena #11 $ 988.00 1744102 Vacant #12 $ 1,976.00 2 cks Vacant #13 Ralston, Tammy #14 $ 450.00 995005 Vacant #15 Vacant #16 Cesar, Josette #17 $ 322.00 $ 617.00 1744102 BC Vacant #18 Vacant #19 Vacant #20 Jordan, Thomas #21 No Pymt Vacant #22 Loux, Dylan & Brandy, Cara #23 $ 900.00 MO Crosier Jennifer #24 $ 900.00 MO LITTLE FALLS Girenti, Scott #100 $ 235.00 801260490 Goutremont, Marjore #101 $ 450.00 1376 450/Labor Wilcox-Buneo, Frances #102 $ 277.00 MO Skiff, Jodi #103 $ 411.00 884 Pisano, Lisa #104 $ 246.00 640 Morrill, Jean #105 $ 222.00 734 Bishop, Robert #106 $800/labor Jimenez, Janet #107 $ 243.00 159 Robb, Maria #108 $ 315.00 4568112 Tucci, Sharon #109 $ 274.00 814 Petrie, Barbara #110 $ 400.00 2762 Anderson, Catherine #111 $ 530.00 3537/3538 Vacant #112 North, Arthur #113 $ 322.00 575 Rockwell, Freda #114 $ 280.00 4197 Black, Elizabeth #115 $ 216.00 X Tucci, Barry #116 $ 121.00 649 O'Brien, Lynn #117 $ 264.00 4821 Levine, Elizabeth #118 $ 222.00 1026 Pugh, Patricia #119 $ 171.00 MO Backell, William #120 $ 460.00 CASH Ropeter, Wayne #121 $ 121.00 MO Ingardia, Nina #122 $ 187.00 CASH O'Connor, Ann Marie #123 $ 244.00 CASH Conover, Regina #124 $ 129.00 X Cooper, Douglas #200 $ 297.00 $ 395.00 5578 Sec/Dep Vacant #201 Milana, Joseph #202 $ 94.00 X Salls, mark #203 $ 324.00 MO Vacant #204 Grant, Otto #205 $ 399.00 Jeski, Lisa #206 $ 121.00 1072 Trenkle, Walter, Jr. #207 $ 76.00 742 Bellinger, Bonny #208 $ 236.00 1191 Johnson, Donald #209 $ 130.00 62593 hardy, Joseph #210 $ 244.00 X 20/pet dep. Shearer, Raymond #211 $ 244.00 1352 Vacant #212 Man, Debbie #213 $ 244.00 X Gonzalez, Sergio #214 $ 222.00 1063 Penn, MaryKay #215 Pasqualicchio, Frank #216 $ 286.00 MO Miller, Lee #217 Casper, Elizabeth #218 $ 537.00 167 Ward Carl #219 $ 203.00 X Pulaski, Eileen #220 $ 313.00 X Simchera #221 $ 196.00 CASH Vacant #222 Siver, Alice #223 $ 235.00 CASH Freer, Robert #224 $ 149.00 X Total $ 27,774.00 $ 7,421.00 $ 35,195.00 $ 36,445.00 TOTAL CASH HELD QN SITE LITTLE FALLS A_PIT_Q $ 460.00 120 $ 187.00 122 $ 244.00 123 $ 196.00 221 $ 235.00 223 $ 1,322.00 TOTAL Rent Bartered for Wages Little Falls $ 800.00 106 $ 450.00 101 $ 1,250.00 TOTAL Added to Total Fairbridge Reit Expenses Apr-23 VENDER NAME PROPERTY CHECK# AMOUNT DESCRIPTION NYSEG Granville On Line $ 1,225.62 Utility NYSEG Granville On Line $ 452.05 Utility R Rathbun Contracting Granville 103 $ 3,020.00 Maintenance R Rathbun Contracting Granville 109 $ 455.00 Maintenance Greg Goutremont Little Falls 108 $ 390.00 Maintenance Fire Fighting Equipment Co. Inc Little Falls 104 $ 145.98 Equipment Robert Bishop Little Falls 105 $ 3,534.00 Site Manager Verizon Little Falls On Line $ 141.61 Phone Mirko Manrique Fonda 101 $ 3,026.00 Maintenance Mirko Manrique Fonda 102 $ 2,795.00 Maintenance Mirko Manrique Fonda 110 $ 4,140.00 Maintenance Mirko Manrique Fonda 111 $ 250.00 Petty Cash National Grid Fonda On Line $ 1,739.60 Utilities Martha Guallpa Portfolio 106 $ 2,714.00 Property Manager Peter Sciocchetti Portfolio 107 $ 3,977.60 Receiver Expense Reim. TOTAL PAID EXPENSES FOR MONTH $ 28,006.46 Business BanMng hement 89anx93885 April 30, 2023 Cleveland, OH 44101-5885 page 1 of 3 320721003210 10 T 7 2 00000 R EM T1 PETER SCIOCCHETTI RECElVER Questions or comments? 88 CAMBRIDGE WAY Call our Key Business Resource Center LATHAM NY 12110-5145 1-888-KEY4BlZ (1-888-539-4249) Enroll in Online Banking today at Key.com. Access your available accounts, transfer funds and view your transactions right from your PC. Key Business Reward Checking 320721003210 PETER SCIOCCHETTI RECElVER Beginning balance 3-31-23 $27,395.00 13 Additions +30,099.47 16 Subtractions -28,212.08 Net fees and charges -15.00 Ending balance 4-30-23 $29,267.39 Additions Deposits Date Serial # Source 4-4 Key Merchant Svsdeposit 896245236881 $244.00 4-5 Key Merchant Sysdeposit 896245236881 216.00 4-5 Deposit Branch 0072 New York 9,169.00 4-6 Key Merchant Sysdeposit 896245236881 1,793.47 4-10 Key Merchant Svsdeposit 896245236881 670.00 4-12 Key Merchant Svsdeposit 896245236881 399.00 4-12 Deposit Branch 0072 New York 6,603.00 4-13 Key Merchant Svsdeposit 896245236881 313.00 4-17 Key Merchant Svsdeposit 896245236881 1,650.00 4-20 Deposit Branch 0072 New York 6,466.00 4-24 Key Merchant Svsdeposit 896245236881 500.00 4-26 Key Merchant Svsdeposit 896245236881 700.00 4-27 Customer Deposit 1,376.00 Total additions $30,099.47 Subtractions * Paper Checks check missing from sequence Check Date Amount Check Date Amount Check Date Amount 101 4-13 $3,026.00 102 4-13 2,795.00 103 4-11 3,020.00 320721003210 - 03290 4041 Business Banking Statement April 30, 2023 page 2 of 3 320721003210 Subtractions (con't) * Paper Checks check missing from sequence Check Date Amount Check Date Amount Check Date Amount 104 4-14 145.98 107 4-14 3,977.60 109 4-25 455.00 105 4-18 3,534.00 108 4-17 390.00 110 4-27 4,140.00 106 4-19 2,714.00 Paper Checks Paid $24,197.58 Withdrawals Date Serial # Location 4-3 Key Merchant Svsdiscount 896245236881 $136.23 4-12 Direct Withdrawal, Ngrid36 Ngrid36Tel 1,739.60 4-14 Direct Withdrawal, Nyseg Nyseg Bill 452.05 4-14 Direct Withdrawal, Nyseg Nyseg Bill 1,225.62 4-25 Chargeback 411.00 Transfers Date Serial # Destination 4-4 Trf To DDA 0000320721003384 3290 $50.00 Total subtractions $28,212.08 Fees and charges Date Quantity Unit Charge 4-28-23 Chargeback Fee 1 15.00 -$15.00 Fees and charges assessed this period -$15.00 320721003210 - 03290 4041 Business Banking Statement x 93885 April 30, 2023 Cleveland, OH 44101-5885 page 1 of 2 320721003384 T 72 00000 R EM T1 PETER SCIOCCHETTI RECElVER Questions or comments? 88 CAMBRIDGE WAY Call our Key Business Resource Center LATHAM NY 12110-5145 1-888-KEY4BlZ (1-888-539-4249) Enroll in Online Banking today at Key.com. Access your available accounts, transfer funds and view your transactions right from your PC. KeyBank Basic Business Checking 320721003384 PETER SCIOCCHETTI RECElVER Beginning balance 4-4-23 $0.00 1 Addition +50.00 Ending balance 4-30-23 $50.00 Additions Deposits Date Serial # Source 4-4 Trf Fr DDA 0000320721003210 3290 $50.00 Total additions $50.00 Fees and charges Date Quantity Unit Charge 4-28-23 Paper Statement Fee 1 3.00 -$3.00 4-28-23 Service Charge Waive To Relationship Pricing 1 3.00 +3.00 Fees and charges this period so.oo 320721003384 - 03290 4225 page 2 of 2 CUSTOMER ACCOUNT DISCLOSURES The following disclosures apply only to accounts covered by the Federal Truth-in-I.ending Act or the Federal Electronic Funds Transfer Act, as amended, or similar state laws. IN CASE OF ERROR OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS: Call us at the phone number indicated on the first page of this statement, OR write us at BALANCING YOUR ACCOUNT the address IIsted below, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. PleaSG 0Xamine OUr statement and paid check information We must hear from you no later than sixty (60) days after we sent you the FIRSTstatement on which the problem or error appeared. upon receipt. Erasures, alterations or irregularities should be KeyBank reported promptly in accordance with your account agreement. Customer Disputes The suggested steps below will help you balance your account. NY-31-55-0228 Pat onon1 INSTRUCTONS Q Verify and check off in your check register each deposit, " Tell us your name and Account number; . " Describe the error or transfer that you are unsure about, and explain as check or other transaction shown on this statement. clearly as you can why you believe it is an error or why you need more information; Enter into your check register and SUBTRACT: M M WM " Tell us the dollar amount of the suspected error. " C SM If you tell us orally, we may require that you send us your complaint or question in writing you have notalready entered. within ten (10) business days. . " The "Service if any, shown on your statement. We will investigate your complaint and will correct any error promptly. If we take more charges", than ten (10) business days to do this, we will recredit your account for the amount you . think is in error, so that you will have use of the money during the time it takes us to Enter mto your check register and ADD: complete ourinvestigation. " Deposits or other credits shown on your statement that COMMON ELECTRONIC TRANSACTION DEsCRIPTIONS: you have not already entered. XFERTO SAV - Transfer to Savings Account . earned" XFERFROM SAV - Transfer from Savings Account The "Interest shown on your statement, if any. XFERTO CKG - Transfer to Checking Account XFERFROMCKG - Transfer from Checking Account - Paymentto Credit Card List from your check List any depoeIts from PMT TO CR CARD ADV CR CARD - Advance from Credit Card register any checks or your check register that Preauthorized Credits: If you have arranged to have direct deposits made to your other deductions that . are notehown on your Account at least once every sixty (60) days from the same person or company, you can are notshown on your statement. call us at the number indicated on the reverse side to find out whether or not the deposit has been made. statement. IMPORTANT LINE OF CREDIT INFORMATION Check # Amount Date Amount What To Do If You Think You Find A Mistake on Your Statement: If you think there is an error on your statement, write us at: KeyBank N.A, P.0 Box 93885, Cleveland, OH 44101- 4825. In your letter, give us the following information: " Account Information : Your nameand account number. " Dollar Amount : The dollar amount of the suspected error. " Description of the Problem : if you think there is an error on your bill, describe what you believe is wrong and why you believe it was a mistake. TOTA + $ You must contact us within 60 days after the error appeared on your statement. You must notify us of any potential errors in writing. You may call us, but if you do we are not req to Investigate any potential errors and you may have to pay the amount in $ Enter ending balance While we Investigate whether or not there has been an error, the following are true: shown on your " We cannot try to collect the amount in question, or report you as delinquent on staterpent. that amount. " The charge in question may remainon your statement, and we may continue to charge you interest on that amount. But, if we determine that we made a mistake, you will not have to pay the amount In question or any interest or other fees related to that amount. " While you do not have to pay the amount in question, you are responsible for the remainderof your balance. Add 5 and 6 and enter " We can apply any unpaid amount against your credit linlit- total here. Explanation of Finance Charge: Your Finance Charge attributable to interest (hereInafterreferred to as Interest) Is computed using the Average Daily Balance method. Average Daily Balance method (Balance Subject to Interest Rate): Your interest is computed on all purchases and cash advances (collectively "advances") from the date each advance is posted until we receive payment in full (there is no grace period). We figure the Interest on your line of credit by multiplying the daily periodic rate by the "Average Daily Balance" of your line of credit Oncluding current transactions) and multiplying by the number of days in the billing cycle. To get the Average Daily Balance we take the beginning balance of your line of credit each day, add any new advances or debits, and subtract any payments and credits, any non-financed fees and unpaid interest. This gives us the daily balance. Then we add up all of your daily balances in the billing cycle and divide this total by the number of days in the billing cycle to get your Average Ct 8 frM 7 CREDIT INFORMATION: If you believe we have reported Inaccurate information about enter difference here. your account to a credit reporting agency, you may contact the credit reporting agency or write to us at: $ Key Credit ResearchDepartment P.O.Box 94518 Cleveland, Ohio 44101-4518 This amount should agree with Please include your account number, a copy of your credit report reflecting the inaccurate information, name, address, city, state, and zip code, and an explanation of why you believe the information is Inaccurate. 320721003384 - 03290 4225