Green House Financial Feasibility Model
Project Assumptions
Project Identification
Project Name
MAPLEWOOD NURSING HOME
KEENE
03431
City
State
Zip
Project Characteristics
Yes
Will the project have other lines of business or ancillary services ?
No
Urban
Type of community / area where the project will be located ?
Suburban
Rural
Project Type
For Profit
Non-Profit
Labor
Union
Non-Union
Will the project be located on a new site or an existing campus ?
Existing Campus
New Site
What housing or service options will be available on the campus ? (check all options that apply)
Home Care
Independent Senior Housing
Assisted Living Facility
Senior Meal Site
Home Health Care
Adult Day Care
Other
( Specify other service here )
N/A ( will be stand-alone facility )
How many beds will be located on the entire campus ?
150
( incl beds to be in the Green House project )
Sponsoring Organization
Will the project be part of a larger organization that has multiple sites ?
Yes
No
If yes, what housing and/or service options are offered at the other sites ? (check all options that apply)
Skilled Nursing Facility
Home Health Care
Adult Day Care
Home Care
Independent Senior Housing
Other
Assisted Living Facility
Senior Meal Site
( Specify other service here )
If yes, will your project pay a corporate or operating fee?
Yes
How many beds are in the entire organization ?
150
Project Structure
The project will …
Page 1 of 2
No
N/A
Green House Financial Feasibility Model
Project Assumptions
Will a Certificate of Need (CON) be required ?
Yes
No
If yes, have you obtained that CON yet ?
Yes
No
N/A
Do you currently have debt on the building that will be replaced ?
Yes
No
N/A
Project Scope
Long Term Care
Green House Sizes
Model A
How many beds per Green House ?
How many Green Houses of this size ?
Total number of beds
Model B
Model C
10
Long Term Care
10.0
13
13
130
0
0
How many 2nd Occupants ?
130
0
(Should be all private-occupancy except when shared by choice by spouses, partners or siblings)
Short Term / Rehab
Green House Sizes
Model A
How many beds per Green House ?
How many Green Houses of this size ?
Total number of beds
Model B
Model C
10
10.0
2
20
Short Term / Rehab
2
0
0
Total Project
20
Total Project
Beds per Green House
Green House Count
Total Number of Beds
Page 2 of 2
10.0
15
150
Green House Financial Feasibility Model
Expenses
Project-Specific Values
Per Bed / Mo
Cost per Mo
Management / Corporate Fees
Operating / Corporate Fee [ flat fee ]
$
-
Operating / Corporate Fee [ % rev ]
-
Management Fee [ % rev ]
-
Other [flat fee] »
-
( specify here )
Other [ % rev ] »
-
Administrative
Telephone
$
10.94
$
Pagers / Cell Phones
1,641
-
License or Permit
-
Legal
4.71
707
Audit
22.22
3,333
Accounting
3.61
542
Office Supplies
8.27
1,241
Conference / Travel
26.06
3,909
Green House Core Training
84.75
12,713
9.16
1,374
Personnel Recruiting / Advertising
1.56
234
Printing/ Duplicating / Forms
4.25
638
Green House Membership Dues
5.42
813
Other Dues / Memberships
8.43
1,265
Postage / Delivery
1.79
269
Equipment
0.32
48
23.72
3,558
Computer / Technology
-
Other Inservice Training / Education
Mileage Reimbursement
-
Medical Director
Other »
Copy & Postage Mach lease
5.63
845
Other »
Employee physicals
3.38
507
Other »
-
Other »
-
Other »
-
Other »
-
Dietary
Raw Food [ per elder per day ]
$
Supplies [ per elder ]
Equipment [ per elder ]
6.51
$29,705
32.88
4,932
1.94
291
Dietary Supplement [ per elder ]
13.88
2,082
Dietary Consultant
48.62
7,293
Contracted Svcs / Temp Personnel
39.06
5,859
Staff Meals
31.01
4,652
Guest Meals
-
Other »
Food Srv Mngmnt Fee
8.46
1,269
Other »
Uniform Tops
0.30
45
Other »
-
Other »
-
Housekeeping and Laundry - Long Term Care
Housekeeping Supplies [ per elder ]
$
21.38
$
2,779
Laundry Supplies [ per elder ]
8.88
1,154
Linen and Bedding [ per elder ]
9.44
1,227
Equipment [ per elder ]
0.46
60
Contracted Services / Temp Personnel [ per elder ]
5.27
685
Page 1 of 3
Green House Financial Feasibility Model
Expenses
Project-Specific Values
Per Bed / Mo
Cost per Mo
Other »
Drapery Replacement
3.33
433
Other »
Uniform Tops
0.30
39
Other »
-
Housekeeping and Laundry - Short Term / Rehab
Housekeeping Supplies [ per elder ]
$
21.38
$
428
Laundry Supplies [ per elder ]
8.88
178
Linen and Bedding [ per elder ]
9.44
189
Equipment [ per elder ]
0.46
9
Contracted Services / Temp Personnel [ per elder ]
5.27
105
Other »
Drapery Replacement
3.33
67
Other »
Uniform Tops
0.30
6
Other »
-
Resident Services - Long Term Care
Care Supplies [ per elder ]
$
Medications [ per elder ]
166.61
$
21,659
103.70
13,481
Physical Therapy Services or Supplies [ per elder ]
4.24
551
Occ. Therapy Services or Supplies [ per elder ]
1.91
248
Speech Therapy Services or Supplies [ per elder ]
0.27
35
12.08
1,570
Transportation [ per elder ]
-
Dental Supplies [ per elder ]
Social Work Supplies [ per elder ]
0.50
65
Equipment [ per elder ]
6.40
832
Other »
Vaccinations
5.69
740
Other »
Psych Clincian
42.34
5,504
Other »
Equipt Rental (PT)
12.25
1,593
Other »
Part A Vendors
37.04
4,815
Other »
Other OSS Therapy
21.50
2,795
Resident Services - Short Term / Rehab
Care Supplies [ per elder ]
$
Medications [ per elder ]
166.61
$
3,332
103.70
2,074
Physical Therapy Supplies [ per elder ]
4.24
85
Occupational Therapy Supplies [ per elder ]
1.91
38
Speech Therapy Supplies [ per elder ]
0.27
5
12.08
242
Transportation [ per elder ]
-
Dental Supplies [ per elder ]
Social Work Supplies [ per elder ]
0.50
10
Equipment [ per elder ]
6.40
128
Other »
Vaccinations
5.69
114
Other »
Psych Clincian
42.34
847
Other »
Equipt Rental (PT)
12.25
245
Other »
Part A Vendors
37.04
741
Other »
Other OSS Therapy
21.50
430
Life Enrichment / Activities
Activity Supplies
$
Entertainment
Other »
Spiritual Counceling
4.61
$
692
1.00
150
5.02
753
Other »
-
Other »
-
Marketing
Advertising
$
Page 2 of 3
5.55
$
833
Green House Financial Feasibility Model
Expenses
Project-Specific Values
Per Bed / Mo
Cost per Mo
Printing
-
Professional Referral Fees
-
Other »
-
( specify here )
Other »
-
Other »
-
Utilities
Electricity
$
71.25
$
10,688
Water / Sewer
26.66
3,999
Gas
18.46
2,769
Garbage Removal
20.61
3,092
Cable TV
Fuel Oil
Other »
Auto Fuel & Repair
Other »
Ongoing Tool Replacment
6.00
900
144.76
21,714
12.52
1,878
1.38
207
Other »
-
Buildings and Grounds
Maintenance and Repairs
$
10.66
$
Grounds Expenses
1,599
-
Snow Removal
6.06
Alarm Monitoring
0.36
54
Pest Control
1.17
176
Life Safety Maintenance
1.38
207
Other Contracted Services
0.97
146
20.75
3,113
Repair and Replacement Reserve
909
Other »
Maint Supplies
4.66
699
Other »
HVAC Contract
53.20
7,980
Other »
Shredding Bins
1.55
233
Other »
Uniforms
0.88
132
Other Expenses
Professional Liability Insurance
$
31.77
$
4,766
Property Insurance
-
Medical Records and Library
-
Central Supply
-
Interest Expense [ excl mortgage interest ]
-
Property Taxes
-
Other [ Non-Property ] Taxes
-
State Assessment [ Bed Tax ]
Other »
414.14
Lease
62,121
-
Other »
-
Other »
-
Other »
-
Other »
Annual Inflation Factor for
Non-Personnel Expenses
Page 3 of 3
3.0%
Green House Financial Feasibility Model
Revenue
Revenue - Long Term Care Houses
2nd Occupants
non-SNF projects)
1st Occupants
%
#
%
(for
Daily Rate
% Annl Rate
Increase
% Vacancy
Rate
#
Private-Pay
21.5%
28
0
Medicaid
58.0%
75
0
168.42
0
0
440.00
19.2%
25
0
213.64
1.5%
2
0
325.00
3.0%
3.5%
0
0
208.92
0.7%
3.5%
Medicare
Other »
Medicaid TLC
Other »
Private Pay TLC
Other »
Other »
0
TOTAL
100%
$
302.50
3.5%
3.5%
2.0%
3.5%
3.5%
0
130
0%
0
Weighted Average
$
Months to Full Occupancy
3.0%
1
Entrance / Admissions Fee (if any)
% Beds Occupied the 1st Mo
95.0%
% Uncollected Revenue ( Bad Debt )
0.5%
# of Current Residents
(i.e. residents who would not be charged an admissions fee)
Annual Turnover Rate
(Used to calculate revenue from any admissions fees)
Revenue - Short Term / Rehab Houses
1st Occupants
%
Private-Pay
Daily Rate
0
3.0%
25.0%
5
168.42
Medicare
75.0%
15
440.00
( specify here )
3.5%
2.0%
0
3.0%
Other »
0
3.0%
Other »
0
3.0%
Other »
0
3.0%
TOTAL
100%
Weighted Average
Months to Full Occupancy
% Beds Occupied the 1st Mo
% Vacancy
Rate
#
Medicaid
Other »
% Annl Rate
Increase
3.5%
20
$
1
372.11
1.5%
3.5%
Ave Length of Stay (days)
95.0%
% Uncollected Revenue ( Bad Debt )
Page 1 of 2
23
0.5%
Green House Financial Feasibility Model
Revenue
Ancillary Services or Other Business Lines
Monthly
Type of Service / Business Line
Bed tax revenue
Revenue
$
Medicare Part B
Pro Share
Totals
$
Expenses
116,666
$
NOI
-
$
116,666
7,500
-
7,500
41,666
-
41,666
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
165,832
$
-
$
165,832
Page 2 of 2
Annual Inflation Factor
Revenue
Expenses
3.0%
3.0%
Green House Financial Feasibility Model
Personnel - Direct Care
Staffing Patterns - Long Term Care
Hrs Per
Base Wage
OT
%
1st Shift
Suggested 8-Hr. Shifts / Day / House
2nd Shift
3rd Shift
Other
1st Shift
Project 8-Hr. Shifts / Day / House
2nd Shift
3rd Shift
Other
Elder Day
1st Shift
Shahbaz
5.0%
2.00
2.00
1.00
n/a
2.25
2.00
1.25
n/a
4.40
RNs
7.0%
0.50
-
-
n/a
0.50
0.50
0.50
n/a
1.20
22.88
1.30
1.40
LPNs
8.0%
19.08
1.30
1.40
-
0.50
0.33
n/a
0.25
n/a
0.20
Total RNs / LPNs
0.50
0.50
0.33
n/a
0.75
0.50
0.50
n/a
1.40
Total
2.50
2.50
1.33
n/a
3.00
2.50
1.75
n/a
5.80
$
14.20
Shift Differential
2nd Shift
$
1.30
3rd Shift
$
1.40
Staffing Patterns - Short Term / Rehab
Hrs Per
Base Wage
OT
%
1st Shift
Suggested 8-Hr. Shifts / Day / House
2nd Shift
3rd Shift
Other
1st Shift
Project 8-Hr. Shifts / Day / House
2nd Shift
3rd Shift
Other
Elder Day
1st Shift
Shahbaz
5.0%
2.00
2.00
1.00
0.50
2.00
2.00
1.00
0.50
4.40
RNs
7.0%
0.50
-
-
-
0.50
0.50
LPNs
8.0%
-
0.50
0.50
0.17
Total RNs / LPNs
0.50
0.50
0.50
0.17
0.50
Total
2.50
2.50
1.50
0.67
2.50
Page 1 of 1
$
14.20
Shift Differential
2nd Shift
$
1.30
3rd Shift
$
1.40
0.80
22.88
1.30
1.40
19.08
1.30
1.40
0.50
0.17
0.54
0.50
0.50
0.17
1.34
2.50
1.50
0.34
5.74
Green House Financial Feasibility Model
Personnel - Other
Annl Salary
Replacement
# FTEs with
Receive
Cost / Mo
or
Project
Staff Used for
Replacement
Holiday Pay ?
Project
Hrly Wage
# FTEs
PTO Time?
Time
(Select Y if yes)
FTEs
Admin & General
(Select Y if yes)
Chief Executive Officer
-
Chief Financial Officer
-
-
1.00
8,332
Assistant Administrator
-
-
Guide
-
7,835
Administrator
48.07
Business Office Staff
1.00
-
18.08
2.50
2.50
-
-
Human Resources Dir.
22.92
1.00
1.00
3,973
Director of Nursing
39.70
1.00
1.00
6,881
Assistant Director of Nursing
33.48
1.00
1.00
5,803
General Support
18.07
1.00
1.00
3,132
Admissions
22.18
1.00
1.00
3,845
Other Fiscal Staff
Marketing
-
-
IT Technician
22.67
1.00
1.00
3,929
Other »
QAIC
23.57
1.00
1.00
4,085
Other »
Scheduler
15.56
1.00
1.00
Other »
RN Managers/Supervisors
30.53
6.20
Y
6.92
2,697
Y
36,998
Other »
-
-
Other »
-
-
4.46
13,838
Building & Grounds
Maintenance
$
17.90
4.00
Y
Grounds
-
-
Other »
Facilities Director
27.73
1.00
1.00
4,807
Other »
Admin Asst
15.56
1.00
1.00
2,697
-
-
Head Dietician
-
-
Food Service Coordinator
-
-
Asst Food Service Coordinator
-
Other »
Dietary
Other »
Dietary Aides
10.61
5.60
Y
Other »
6.25
Y
-
11,613
-
Housekeeping
Housekeeping - Long Term Care Houses
Y
-
Y
-
Housekeeping - Short Term / Rehab Houses
Y
-
Y
-
Housekeeping - Admin. Offices
Y
-
Y
Other »
Environ Srv Mngr
22.43
1.00
Other »
Environ Srv Staff
10.65
7.00
-
1.00
3,888
Y
7.81
14,417
Laundry Staff - Long Term Care Houses
Y
-
Y
-
Laundry Staff - Short Term / Rehab Houses
Y
-
Y
-
Laundry
Other »
Laundry Supervisor
17.90
-
-
Other »
-
-
Other »
-
-
Resident Services
Long Term Care Houses - Shahbaz
14.99
100.10
Y
111.65
Y
314,855
Long Term Care Houses - RNs
23.78
27.30
Y
30.45
Y
139,988
Long Term Care Houses - LPNs
19.08
4.55
Y
5.08
Y
18,990
Short Term / Rehab Houses - Shahbaz
14.93
15.40
Y
17.18
Y
48,254
Page 1 of 2
Green House Financial Feasibility Model
Personnel - Other
Short Term / Rehab Houses - RNs
23.53
2.80
Y
3.12
Y
14,193
Short Term / Rehab Houses - LPNs
20.12
1.88
Y
2.09
Y
8,239
MDS Coordinator
28.07
2.00
2.00
Social Work Staff
22.56
2.30
2.30
Physical Therapist(s)
32.26
1.00
N
1.00
Y
5,656
Occupational Therapist(s)
28.03
1.00
N
1.00
Y
4,915
Speech Therapist(s)
34.23
1.00
N
1.00
Y
6,002
Educator / Dir. Of Staff Dev.
20.46
2.00
Other »
Transport Aide
14.33
1.00
Other »
Social Serv Director
27.45
Other »
OT Director
Other »
Other »
9,731
8,994
2.00
7,093
1.12
2,782
1.00
1.00
4,758
40.47
1.00
1.00
7,015
PT Director
40.47
1.00
1.00
7,015
RPTA
24.00
2.00
2.00
8,320
28.12
1.00
1.00
4,874
16.00
1.00
1.00
2,773
Other »
-
-
Other »
-
-
1.00
3,373
Y
Life Enrichment / Activities
Activity Director
$
Assistant Activity Director
Other Staff
Medical Records
$
19.46
Central Supply
15.14
Other »
Unit Asst
16.13
Other »
Rehab Tech
11.48
1.00
-
-
1.00
1.00
2,796
1.00
1.00
1,990
Other »
-
-
Other »
-
-
TOTAL
209.63
Page 2 of 2
229.93
$
771,375
Green House Financial Feasibility Model
Development Costs
Estimated Construction Costs
Override
Total Number of Green Houses
15
Override
Average Square Feet per Green House (Living Area)
6,500
44
Plus Est Square Feet for Attached Garage per House
330
100
Plus Est Square Feet for Porches per House
430
4,700
Estimated Total Project Living Area (Sq Ft)
97,500
800
Plus Estimated Square Feet for Admin Building
6,710
250
104,210
160
6,710
Total Est Square Feet (Living Area + Admin Bldg)
Est Construction Costs per Sq Ft ( Living Area + Admin Bldg )
$
180.00
Est Construction Costs per Sq Ft ( for Attached Garages )
$
81
Est Construction Costs per Sq Ft ( for Porches )
$
54
Total Estimated Construction Costs
$
18,807,750
$
1,000,000
Detailed Development Budget
Acquisition Costs
Land
Purchase of Building(s)
-
Property Appraisal
-
Legal - Title and Recording
-
Other »
-
( specify here )
Other »
-
Other »
-
Subtotal - Acquisition Costs
$
1,000,000
Construction / Rehabilitation Costs
Demolition
$
Site Work
1,300,000
New Structure(s)
$
18,807,750
Rehabilitation Costs
-
Off-Site Improvements
-
Impact Fees
-
Utility Connections
Furniture, Fixtures and Equipment (FF&E)
$
1,275,000
Hazardous Materials Abatement
125,000
Construction Contingency
656,250
Other »
( specify here )
-
Other »
-
Other »
-
Subtotal - Hard Construction Costs
$
General Requirements
-
Contractor Overhead and Profit
Subtotal - Construction / Rehabilitation Costs
22,164,000
-
$
22,164,000
Construction Financing Costs
Construction Bond
$
Construction Loan Interest
Construction Loan Origination Fee
-
Property Taxes During Construction
Other »
400,000
( specify here )
-
Other »
-
Other »
Subtotal - Construction Financing Costs
595,000
$
Permanent Loan Financing Costs (All Loans)
Page 1 of 2
995,000
47
1,050
Green House Financial Feasibility Model
Credit Enhancement Fee
Development Costs
$
-
Permanent Lender Fee
-
Title and Recording Fees
18,750
Legal Fees
-
Documentation Prep. Fees
-
Escrow Closing Fee
-
Escrow Prepaid Items (insurance, taxes, interest)
Other »
67,500
( specify here )
-
Other »
-
Other »
-
Subtotal - Permanent Loan Financing Costs
$
86,250
$
600,000
Soft Costs - General
Architectural Fees
Engineering Fees
150,000
Survey Fees
-
Appraisal Fees
56,250
Environmental Reports
125,000
Soils Report
-
Market Study
-
Independent Cost Estimate Fees
-
Project Audit Fee
-
Legal Fees
1,000,000
Tax Credit Fees
-
Local Development Impact Fees
-
Permit Processing Fees
93,750
Pre-Opening Training Costs
$
891,830
Other Pre-Opening Staff Costs
$
-
$
200,000
Marketing
-
Green House Project Fees
Other »
owner rep
187,500
Other »
CDE rep
102,500
Other »
-
Subtotal - Related Soft Costs / General
$
3,406,830
$
1,100,000
Developer Costs
Developer Fee and Overhead
Other »
( specify here )
-
Other »
-
Other »
-
Subtotal - Developer Costs
$
1,100,000
Reserves ( in addition to the Replacement Reserve included on Expenses sheet )
Lease-Up Reserve
$
10,853,449
Training Reserve for the 1st Yr
$
107,430
Working Capital
-
Cash Flow Reserve
Other »
-
No reserve needed because ongoing op loss
(10,960,879)
Other »
-
Subtotal - Reserves
$
-
TOTAL PROJECT COSTS
$
28,752,080
PROJECT SUMMARY
Per House
Per Sq Ft
Total Construction Costs
$
1,477,600
$
227.32
Total Project Costs
$
1,916,805
$
294.89
Page 2 of 2
Sources of Funds
Green House Financial Feasibility Model
Debt Service Calculation
Annual Net Operating Income
$
(2,748,116)
1st Loan
What Debt Coverage Ratio will be required?
2nd Loan
3rd Loan
1.25
Annual Debt Service Payment
override
$
-
$
2,826,221
Amortization [ in years ]
$
-
$
-
7
Term [ in years ]
Annual Interest Rate
5.25%
Amount of Loan
$
16,206,431
$
-
$
-
Annual Cash Flow After Debt Service Payment
$
(5,574,337) $
-
$
-
Funding Gap or Excess (a gap is shown as a negative number)
$
(12,545,649) $
(12,545,649) $
(12,545,649)
Sources of Funds Summary
Sources
Amount [ $ ]
Owner/Sponsor Cash
$
Value of Donated Land
8,970,648
500,000
% of Total
Funds
31.2%
1.7%
Value of Donated Labor
-
HOME Funds - State Portion
-
HOME Funds - Federal Portion
-
Other Grant Funding
CDBG
950,000
3.3%
Other Grant Funding
CDIP
400,000
1.4%
Other Grant Funding
EPA
725,000
2.5%
Loan in 1st Position
bank
56.4%
$
16,206,431
Loan in 2nd Position
$
-
-
Loan in 3rd Position
$
-
-
Other Funding Source
Foundations
Other Funding Source
Value of donated developer fee
1,000,000
-
Total Sources of Funds
$
28,752,079
Less Total Development Costs
$
28,752,080
Project Gap or Excess
$
Page 1 of 1
3.5%
(1)
100.0%
( a project gap is shown as a
negative number )
Green House Financial Feasibility Model
Profit Loss - Summary
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Total Yr 1
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
n/a
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
n/a
126
126
126
126
126
126
126
126
126
126
126
126
n/a
13
13
13
13
13
13
13
13
13
13
13
13
n/a
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
n/a
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
n/a
20
20
20
20
20
20
20
20
20
20
20
20
n/a
2
2
2
2
2
2
2
2
2
2
2
2
n/a
Private-Pay
257,657
257,657
257,657
257,657
257,657
257,657
257,657
257,657
257,657
257,657
257,657
257,657
3,091,889
Medicaid
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
4,635,595
Medicare
0
0
0
0
0
0
0
0
0
0
0
0
0
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
1,949,679
Occupancy - Long Term Care
% Occupied (before vacancy)
% Occupied (after vacancy)
# Beds Occupied
# Houses Occupied
Occupancy - Short Term / Rehab
% Occupied (before vacancy)
% Occupied (after vacancy)
# Beds Occupied
# Houses Occupied
Revenue - Long Term Care
Other »
Medicaid TLC
Other »
Private Pay TLC
19,773
19,773
19,773
19,773
19,773
19,773
19,773
19,773
19,773
19,773
19,773
19,773
237,276
Other »
0
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
0
Admissions Fees
0
0
0
0
0
0
0
0
0
0
0
0
0
826,203
826,203
826,203
826,203
826,203
826,203
826,203
826,203
826,203
826,203
826,203
826,203
9,914,438
28,917
28,917
28,917
28,917
28,917
28,917
28,917
28,917
28,917
28,917
28,917
28,917
347,005
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
49,572
793,155
793,155
793,155
793,155
793,155
793,155
793,155
793,155
793,155
793,155
793,155
793,155
9,517,861
0
0
0
0
0
0
0
0
0
0
0
0
0
Gross Revenue
Less Vacancy Factor
Less Bad Debt Allowance
Net Revenue
Revenue - Short Term / Rehab
Private-Pay
Medicaid
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
307,400
Medicare
200,772
200,772
200,772
200,772
200,772
200,772
200,772
200,772
200,772
200,772
200,772
200,772
2,409,264
Other »
0
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
0
Other »
Gross Revenue
Less Vacancy Factor
Less Bad Debt Allowance
Net Revenue
Total Net Revenue ( Long Term + Rehab )
0
0
0
0
0
0
0
0
0
0
0
0
0
226,389
226,389
226,389
226,389
226,389
226,389
226,389
226,389
226,389
226,389
226,389
226,389
2,716,664
7,924
7,924
7,924
7,924
7,924
7,924
7,924
7,924
7,924
7,924
7,924
7,924
95,083
1,132
1,132
1,132
1,132
1,132
1,132
1,132
1,132
1,132
1,132
1,132
1,132
13,583
217,333
217,333
217,333
217,333
217,333
217,333
217,333
217,333
217,333
217,333
217,333
217,333
2,607,998
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
12,125,858
Page 1 of 6
Green House Financial Feasibility Model
Profit Loss - Summary
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Total Yr 1
Administrative and General
87,511
87,511
87,511
87,511
87,511
87,511
87,511
87,511
87,511
87,511
87,511
87,511
1,050,133
Building & Grounds
21,341
21,341
21,341
21,341
21,341
21,341
21,341
21,341
21,341
21,341
21,341
21,341
256,098
Dietary
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
139,356
Housekeeping
18,305
18,305
18,305
18,305
18,305
18,305
18,305
18,305
18,305
18,305
18,305
18,305
219,662
0
0
0
0
0
0
0
0
0
0
0
0
0
616,798
616,798
616,798
616,798
616,798
616,798
616,798
616,798
616,798
616,798
616,798
616,798
7,401,579
Life Enrichment / Activities
7,647
7,647
7,647
7,647
7,647
7,647
7,647
7,647
7,647
7,647
7,647
7,647
91,770
Other Staff
8,159
8,159
8,159
8,159
8,159
8,159
8,159
8,159
8,159
8,159
8,159
8,159
97,906
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
$9,256,503
Personnel Expenses
Laundry
Resident Services
Total Salaries and Wages
Plus Benefits
Total Personnel Costs
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$3,887,731
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$13,144,234
33,633
33,633
33,633
33,633
33,633
33,633
33,633
33,633
33,633
33,633
33,633
33,633
403,590
Expenses
Administrative
Management / Corporate Fees
0
0
0
0
0
0
0
0
0
0
0
0
0
54,832
54,832
54,832
54,832
54,832
54,832
54,832
54,832
54,832
54,832
54,832
54,832
657,987
7,101
7,101
7,101
7,101
7,101
7,101
7,101
7,101
7,101
7,101
7,101
7,101
85,217
60,003
60,003
60,003
60,003
60,003
60,003
60,003
60,003
60,003
60,003
60,003
60,003
720,039
1,595
1,595
1,595
1,595
1,595
1,595
1,595
1,595
1,595
1,595
1,595
1,595
19,134
833
833
833
833
833
833
833
833
833
833
833
833
9,990
Utilities
45,246
45,246
45,246
45,246
45,246
45,246
45,246
45,246
45,246
45,246
45,246
45,246
542,952
Buildings and Grounds
15,246
15,246
15,246
15,246
15,246
15,246
15,246
15,246
15,246
15,246
15,246
15,246
182,952
Other Expenses
66,887
66,887
66,887
66,887
66,887
66,887
66,887
66,887
66,887
66,887
66,887
66,887
802,638
Total Expenses
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
16,568,734
Net Operating Income (NOI)
(370,240)
(370,240)
(370,240)
165,832
165,832
165,832
165,832
165,832
165,832
165,832
165,832
165,832
165,832
165,832
165,832
1,989,984
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(2,452,891)
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
2,826,221
Cash Flow after Debt
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(5,279,112)
Cumulative Cash Flow
(439,926)
(879,852)
(1,319,778)
(1,759,704)
(2,199,630)
(2,639,556)
(3,079,482)
(3,519,408)
(3,959,334)
(4,399,260)
(4,839,186)
(5,279,112)
n/a
1.74
1.74
1.74
1.74
1.74
1.74
1.74
1.74
1.74
1.74
1.74
1.74
1.74
Net Cash Flow Margin (After Debt)
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
Debt Coverage Ratio
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
Dietary
Housekeeping and Laundry
Resident Services
Life Enrichment / Activities
Marketing
(370,240)
(370,240)
(370,240)
(370,240)
(370,240)
(370,240)
(370,240)
(370,240)
(370,240)
(4,442,875)
( Before Ancillary Services / Other Business Lines )
NOI from Ancillary Services
Total Project NOI
Less Estimated Debt Service Payments
Expense to Revenue Margin
Page 2 of 6
Green House Financial Feasibility Model
Profit Loss - Summary
Month 13
Month 14
Month 15
Month 16
Month 17
Month 18
Month 19
Month 20
Month 21
Month 22
Month 23
Month 24
Total Yr 2
Occupancy - Long Term Care
% Occupied (before vacancy)
% Occupied (after vacancy)
# Beds Occupied
# Houses Occupied
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
126
126
126
126
126
126
126
126
126
126
126
126
126
13
13
13
13
13
13
13
13
13
13
13
13
13
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
20
20
20
20
20
20
20
20
20
20
20
20
20
2
2
2
2
2
2
2
2
2
2
2
2
2
Occupancy - Short Term / Rehab
% Occupied (before vacancy)
% Occupied (after vacancy)
# Beds Occupied
# Houses Occupied
Revenue - Long Term Care
Private-Pay
265,387
265,387
265,387
265,387
265,387
265,387
265,387
265,387
265,387
265,387
265,387
265,387
3,184,645
Medicaid
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
4,635,595
Medicare
0
0
0
0
0
0
0
0
0
0
0
0
0
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
1,949,679
Other »
Medicaid TLC
Other »
Private Pay TLC
20,366
20,366
20,366
20,366
20,366
20,366
20,366
20,366
20,366
20,366
20,366
20,366
244,394
Other »
0
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
0
Admissions Fees
0
0
0
0
0
0
0
0
0
0
0
0
0
834,526
834,526
834,526
834,526
834,526
834,526
834,526
834,526
834,526
834,526
834,526
834,526
10,014,313
29,208
29,208
29,208
29,208
29,208
29,208
29,208
29,208
29,208
29,208
29,208
29,208
350,501
4,173
4,173
4,173
4,173
4,173
4,173
4,173
4,173
4,173
4,173
4,173
4,173
50,072
801,145
801,145
801,145
801,145
801,145
801,145
801,145
801,145
801,145
801,145
801,145
801,145
9,613,741
0
0
0
0
0
0
0
0
0
0
0
0
0
Gross Revenue
Less Vacancy Factor
Less Bad Debt Allowance
Net Revenue
Revenue - Short Term / Rehab
Private-Pay
Medicaid
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
307,400
Medicare
204,787
204,787
204,787
204,787
204,787
204,787
204,787
204,787
204,787
204,787
204,787
204,787
2,457,449
Other »
0
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
0
Other »
Gross Revenue
Less Vacancy Factor
Less Bad Debt Allowance
Net Revenue
Total Net Revenue ( Long Term + Rehab )
0
0
0
0
0
0
0
0
0
0
0
0
0
230,404
230,404
230,404
230,404
230,404
230,404
230,404
230,404
230,404
230,404
230,404
230,404
2,764,849
8,064
8,064
8,064
8,064
8,064
8,064
8,064
8,064
8,064
8,064
8,064
8,064
96,770
1,152
1,152
1,152
1,152
1,152
1,152
1,152
1,152
1,152
1,152
1,152
1,152
13,824
221,188
221,188
221,188
221,188
221,188
221,188
221,188
221,188
221,188
221,188
221,188
221,188
2,654,255
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
12,267,996
Page 3 of 6
Green House Financial Feasibility Model
Profit Loss - Summary
Month 13
Month 14
Month 15
Month 16
Month 17
Month 18
Month 19
Month 20
Month 21
Month 22
Month 23
Month 24
Total Yr 2
Administrative and General
90,136
90,136
90,136
90,136
90,136
90,136
90,136
90,136
90,136
90,136
90,136
90,136
1,081,637
Building & Grounds
21,982
21,982
21,982
21,982
21,982
21,982
21,982
21,982
21,982
21,982
21,982
21,982
263,781
Dietary
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
143,537
Housekeeping
18,854
18,854
18,854
18,854
18,854
18,854
18,854
18,854
18,854
18,854
18,854
18,854
226,251
0
0
0
0
0
0
0
0
0
0
0
0
0
635,302
635,302
635,302
635,302
635,302
635,302
635,302
635,302
635,302
635,302
635,302
635,302
7,623,627
Life Enrichment / Activities
7,877
7,877
7,877
7,877
7,877
7,877
7,877
7,877
7,877
7,877
7,877
7,877
94,523
Other Staff
8,404
8,404
8,404
8,404
8,404
8,404
8,404
8,404
8,404
8,404
8,404
8,404
100,843
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
$9,534,198
Personnel Expenses
Laundry
Resident Services
Total Salaries and Wages
Plus Benefits
Total Personnel Costs
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$4,004,363
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$13,538,561
34,642
34,642
34,642
34,642
34,642
34,642
34,642
34,642
34,642
34,642
34,642
34,642
415,698
Expenses
Administrative
Management / Corporate Fees
0
0
0
0
0
0
0
0
0
0
0
0
0
56,477
56,477
56,477
56,477
56,477
56,477
56,477
56,477
56,477
56,477
56,477
56,477
677,727
7,314
7,314
7,314
7,314
7,314
7,314
7,314
7,314
7,314
7,314
7,314
7,314
87,774
61,803
61,803
61,803
61,803
61,803
61,803
61,803
61,803
61,803
61,803
61,803
61,803
741,640
1,642
1,642
1,642
1,642
1,642
1,642
1,642
1,642
1,642
1,642
1,642
1,642
19,708
857
857
857
857
857
857
857
857
857
857
857
857
10,290
Utilities
46,603
46,603
46,603
46,603
46,603
46,603
46,603
46,603
46,603
46,603
46,603
46,603
559,241
Buildings and Grounds
15,703
15,703
15,703
15,703
15,703
15,703
15,703
15,703
15,703
15,703
15,703
15,703
188,441
Other Expenses
68,893
68,893
68,893
68,893
68,893
68,893
68,893
68,893
68,893
68,893
68,893
68,893
826,717
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
17,065,796
Dietary
Housekeeping and Laundry
Resident Services
Life Enrichment / Activities
Marketing
Total Expenses
Net Operating Income (NOI)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(4,797,799)
( Before Ancillary Services / Other Business Lines )
NOI from Ancillary Services
Total Project NOI
Less Estimated Debt Service Payments
Cash Flow after Debt
170,807
170,807
170,807
170,807
170,807
170,807
170,807
170,807
170,807
170,807
170,807
170,807
2,049,684
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(2,748,116)
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
2,826,221
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(5,574,337)
(5,743,640)
(6,208,168)
(6,672,696)
(7,137,224)
(7,601,753)
(8,066,281)
(8,530,809)
(8,995,337)
(9,459,865)
(9,924,393)
(10,388,921)
(10,853,449)
n/a
1.78
1.78
1.78
1.78
1.78
1.78
1.78
1.78
1.78
1.78
1.78
1.78
1.78
Net Cash Flow Margin (After Debt)
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
Debt Coverage Ratio
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
Cumulative Cash Flow
Expense to Revenue Margin
Page 4 of 6
Green House Financial Feasibility Model
Profit Loss - Summary
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Occupancy - Long Term Care
% Occupied (before vacancy)
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
% Occupied (after vacancy)
n/a
97%
97%
97%
97%
97%
97%
97%
97%
97%
# Beds Occupied
126
126
126
126
126
126
126
126
126
126
13
13
13
13
13
13
13
13
13
13
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
% Occupied (after vacancy)
n/a
97%
97%
97%
97%
97%
97%
97%
97%
97%
# Beds Occupied
20
20
20
20
20
20
20
20
20
20
2
2
2
2
2
2
2
2
2
2
# Houses Occupied
Occupancy - Short Term / Rehab
% Occupied (before vacancy)
# Houses Occupied
Revenue - Long Term Care
Private-Pay
3,091,889
3,184,645
3,280,185
3,378,590
3,479,948
3,584,347
3,691,877
3,802,633
3,916,712
4,034,214
Medicaid
4,635,595
4,635,595
4,635,595
4,635,595
4,635,595
4,635,595
4,635,595
4,635,595
4,635,595
4,635,595
Medicare
0
0
0
0
0
0
0
0
0
0
1,949,679
1,949,679
1,949,679
1,949,679
1,949,679
1,949,679
1,949,679
1,949,679
1,949,679
1,949,679
Other »
Medicaid TLC
Other »
Private Pay TLC
237,276
244,394
251,726
259,278
267,056
275,068
283,320
291,820
300,574
309,591
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
Admissions Fees
0
0
0
0
0
0
0
0
0
0
9,914,438
10,014,313
10,117,184
10,223,142
10,332,278
10,444,688
10,560,470
10,679,726
10,802,560
10,929,078
347,005
350,501
354,101
357,810
361,630
365,564
369,616
373,790
378,090
382,518
49,572
50,072
50,586
51,116
51,661
52,223
52,802
53,399
54,013
54,645
9,517,861
9,613,741
9,712,497
9,814,216
9,918,987
10,026,900
10,138,051
10,252,537
10,370,457
10,491,915
0
0
0
0
0
0
0
0
0
0
Gross Revenue
Less Vacancy Factor
Less Bad Debt Allowance
Net Revenue
Revenue - Short Term / Rehab
Private-Pay
Medicaid
307,400
307,400
307,400
307,400
307,400
307,400
307,400
307,400
307,400
307,400
Medicare
2,409,264
2,457,449
2,506,598
2,556,730
2,607,865
2,660,022
2,713,223
2,767,487
2,822,837
2,879,294
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
Other »
Gross Revenue
Less Vacancy Factor
Less Bad Debt Allowance
Net Revenue
Total Net Revenue ( Long Term + Rehab )
0
0
0
0
0
0
0
0
0
0
2,716,664
2,764,849
2,813,998
2,864,130
2,915,265
2,967,422
3,020,623
3,074,887
3,130,237
3,186,694
95,083
96,770
98,490
100,245
102,034
103,860
105,722
107,621
109,558
111,534
13,583
13,824
14,070
14,321
14,576
14,837
15,103
15,374
15,651
15,933
2,607,998
2,654,255
2,701,439
2,749,565
2,798,654
2,848,725
2,899,798
2,951,892
3,005,027
3,059,226
12,125,858
12,267,996
12,413,935
12,563,781
12,717,641
12,875,626
13,037,849
13,204,429
13,375,485
13,551,141
Page 5 of 6
Green House Financial Feasibility Model
Profit Loss - Summary
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Personnel Expenses
Administrative and General
1,050,133
1,081,637
1,114,086
1,147,509
1,181,934
1,217,392
1,253,914
1,291,531
1,330,277
1,370,185
Building & Grounds
256,098
263,781
271,694
279,845
288,240
296,888
305,794
314,968
324,417
334,150
Dietary
139,356
143,537
147,843
152,278
156,846
161,552
166,398
171,390
176,532
181,828
Housekeeping
219,662
226,251
233,039
240,030
247,231
254,648
262,287
270,156
278,261
286,608
0
0
0
0
0
0
0
0
0
0
7,401,579
7,623,627
7,852,335
8,087,905
8,330,543
8,580,459
8,837,873
9,103,009
9,376,099
9,657,382
119,739
Laundry
Resident Services
Life Enrichment / Activities
91,770
94,523
97,358
100,279
103,287
106,386
109,578
112,865
116,251
Other Staff
97,906
100,843
103,868
106,984
110,194
113,499
116,904
120,412
124,024
127,745
$9,256,503
$9,534,198
$9,820,224
$10,114,831
$10,418,276
$10,730,824
$11,052,749
$11,384,331
$11,725,861
$12,077,637
Total Salaries and Wages
Plus Benefits
Total Personnel Costs
$3,887,731
$4,004,363
$4,124,494
$4,248,229
$4,375,676
$4,506,946
$4,642,154
$4,781,419
$4,924,862
$5,072,607
$13,144,234
$13,538,561
$13,944,718
$14,363,060
$14,793,951
$15,237,770
$15,694,903
$16,165,750
$16,650,723
$17,150,244
403,590
415,698
428,169
441,014
454,244
467,872
481,908
496,365
511,256
526,594
Expenses
Administrative
Management / Corporate Fees
0
0
0
0
0
0
0
0
0
0
657,987
677,727
698,059
719,000
740,571
762,788
785,671
809,241
833,519
858,524
85,217
87,774
90,407
93,119
95,913
98,790
101,754
104,806
107,951
111,189
720,039
741,640
763,889
786,806
810,410
834,722
859,764
885,557
912,123
939,487
19,134
19,708
20,299
20,908
21,535
22,182
22,847
23,532
24,238
24,966
9,990
10,290
10,598
10,916
11,244
11,581
11,929
12,286
12,655
13,035
Utilities
542,952
559,241
576,018
593,298
611,097
629,430
648,313
667,762
687,795
708,429
Buildings and Grounds
182,952
188,441
194,094
199,917
205,914
212,092
218,454
225,008
231,758
238,711
Other Expenses
802,638
826,717
851,519
877,064
903,376
930,477
958,392
987,143
1,016,758
1,047,261
16,568,734
17,065,796
17,577,769
18,105,103
18,648,256
19,207,703
19,783,934
20,377,452
20,988,776
21,618,439
Dietary
Housekeeping and Laundry
Resident Services
Life Enrichment / Activities
Marketing
Total Expenses
Net Operating Income (NOI)
(4,442,875)
(4,797,799)
(5,163,834)
(5,541,321)
(5,930,615)
(6,332,078)
(6,746,085)
(7,173,024)
(7,613,291)
(8,067,298)
( Before Ancillary Services / Other Business Lines )
NOI from Ancillary Services
Total Project NOI
Less Estimated Debt Service Payments
1,989,984
2,049,684
2,111,174
2,174,509
2,239,745
2,306,937
2,376,145
2,447,429
2,520,852
2,596,478
(2,452,891)
(2,748,116)
(3,052,660)
(3,366,812)
(3,690,870)
(4,025,141)
(4,369,940)
(4,725,594)
(5,092,439)
(5,470,820)
2,826,221
2,826,221
2,826,221
2,826,221
2,826,221
2,826,221
2,826,221
2,826,221
2,826,221
2,826,221
Cash Flow after Debt
(5,279,112)
(5,574,337)
(5,878,881)
(6,193,033)
(6,517,091)
(6,851,362)
(7,196,161)
(7,551,815)
(7,918,660)
(8,297,041)
Cumulative Cash Flow
(5,279,112)
(10,853,449)
(16,732,330)
(22,925,363)
(29,442,454)
(36,293,815)
(43,489,976)
(51,041,791)
(58,960,451)
(67,257,493)
1.74
1.78
1.81
1.84
1.88
1.92
1.95
1.99
2.02
2.06
Net Cash Flow Margin (After Debt)
-0.55
-0.58
-0.61
-0.63
-0.66
-0.68
-0.71
-0.74
-0.76
-0.79
Debt Coverage Ratio
-0.87
-0.97
-1.08
-1.19
-1.31
-1.42
-1.55
-1.67
-1.80
-1.94
Expense to Revenue Margin
Page 6 of 6
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
126
126
126
126
126
126
126
126
126
126
126
126
13
13
13
13
13
13
13
13
13
13
13
13
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
20
20
20
20
20
20
20
20
20
20
20
20
Occupancy - Long Term Care
% Occupied (before vacancy)
% Occupied (after vacancy)
# Beds Occupied (1st Occupants)
# Houses Occupied
% Houses Occupied
Occupancy - Short Term / Rehab
% Occupied (before vacancy)
% Occupied (after vacancy)
# Beds Occupied
# Houses Occupied
% Houses Occupied
2
2
2
2
2
2
2
2
2
2
2
2
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
% Beds Occupied - Project
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
% Houses Opened - Project
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Private-Pay
257,657
257,657
257,657
257,657
257,657
257,657
257,657
257,657
257,657
257,657
257,657
257,657
Medicaid
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
Medicare
0
0
0
0
0
0
0
0
0
0
0
0
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
Revenue - Long Term Care
Other »
Medicaid TLC
Other »
Private Pay TLC
19,773
19,773
19,773
19,773
19,773
19,773
19,773
19,773
19,773
19,773
19,773
19,773
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Admissions Fees
Gross Revenue
Less Vacancy Factor
Less Bad Debt Allowance
Net Revenue
0
0
0
0
0
0
0
0
0
0
0
0
826,203
826,203
826,203
826,203
826,203
826,203
826,203
826,203
826,203
826,203
826,203
826,203
28,917
28,917
28,917
28,917
28,917
28,917
28,917
28,917
28,917
28,917
28,917
28,917
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
4,131
793,155
793,155
793,155
793,155
793,155
793,155
793,155
793,155
793,155
793,155
793,155
793,155
0
0
0
0
0
0
0
0
0
0
0
0
Revenue - Short Term / Rehab
Private-Pay
Medicaid
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
Medicare
200,772
200,772
200,772
200,772
200,772
200,772
200,772
200,772
200,772
200,772
200,772
200,772
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
226,389
226,389
226,389
226,389
226,389
226,389
226,389
226,389
226,389
226,389
226,389
226,389
7,924
7,924
7,924
7,924
7,924
7,924
7,924
7,924
7,924
7,924
7,924
7,924
Gross Revenue
Less Vacancy Factor
Less Bad Debt Allowance
Net Revenue
Total Net Revenue ( Long Term + Rehab )
1,132
1,132
1,132
1,132
1,132
1,132
1,132
1,132
1,132
1,132
1,132
1,132
217,333
217,333
217,333
217,333
217,333
217,333
217,333
217,333
217,333
217,333
217,333
217,333
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
1,010,488
Page 1 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Chief Executive Officer
0
0
0
0
0
0
0
0
0
0
0
0
Chief Financial Officer
0
0
0
0
0
0
0
0
0
0
0
0
8,332
8,332
8,332
8,332
8,332
8,332
8,332
8,332
8,332
8,332
8,332
8,332
Assistant Administrator
0
0
0
0
0
0
0
0
0
0
0
0
Guide
0
0
0
0
0
0
0
0
0
0
0
0
7,835
7,835
7,835
7,835
7,835
7,835
7,835
7,835
7,835
7,835
7,835
7,835
0
0
0
0
0
0
0
0
0
0
0
0
Human Resources Dir.
3,973
3,973
3,973
3,973
3,973
3,973
3,973
3,973
3,973
3,973
3,973
3,973
Director of Nursing
6,881
6,881
6,881
6,881
6,881
6,881
6,881
6,881
6,881
6,881
6,881
6,881
Assistant Director of Nursing
5,803
5,803
5,803
5,803
5,803
5,803
5,803
5,803
5,803
5,803
5,803
5,803
General Support
3,132
3,132
3,132
3,132
3,132
3,132
3,132
3,132
3,132
3,132
3,132
3,132
Admissions
3,845
3,845
3,845
3,845
3,845
3,845
3,845
3,845
3,845
3,845
3,845
3,845
0
0
0
0
0
0
0
0
0
0
0
0
3,929
3,929
3,929
3,929
3,929
3,929
3,929
3,929
3,929
3,929
3,929
3,929
4,085
Personnel Expenses
Administrative and General
Administrator
Business Office Staff
Other Fiscal Staff
Marketing
IT Technician
Other »
QAIC
4,085
4,085
4,085
4,085
4,085
4,085
4,085
4,085
4,085
4,085
4,085
Other »
Scheduler
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
Other »
RN Managers/Supervisors
36,998
36,998
36,998
36,998
36,998
36,998
36,998
36,998
36,998
36,998
36,998
36,998
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
87,511
87,511
87,511
87,511
87,511
87,511
87,511
87,511
87,511
87,511
87,511
87,511
13,838
13,838
13,838
13,838
13,838
13,838
13,838
13,838
13,838
13,838
13,838
13,838
0
0
0
0
0
0
0
0
0
0
0
0
Subtotal Administrative and General
Building & Grounds
Maintenance
Grounds
Other »
Facilities Director
4,807
4,807
4,807
4,807
4,807
4,807
4,807
4,807
4,807
4,807
4,807
4,807
Other »
Admin Asst
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
0
0
0
0
0
0
0
0
0
0
0
0
21,341
21,341
21,341
21,341
21,341
21,341
21,341
21,341
21,341
21,341
21,341
21,341
Head Dietician
0
0
0
0
0
0
0
0
0
0
0
0
Food Service Coordinator
0
0
0
0
0
0
0
0
0
0
0
0
Asst Food Service Coordinator
0
0
0
0
0
0
0
0
0
0
0
0
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
0
0
0
0
0
0
0
0
0
0
0
0
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
11,613
Housekeeping - Long Term Care Houses
0
0
0
0
0
0
0
0
0
0
0
0
Housekeeping - Short Term / Rehab Houses
0
0
0
0
0
0
0
0
0
0
0
0
Housekeeping - Admin. Offices
0
0
0
0
0
0
0
0
0
0
0
0
Other »
Subtotal Building & Grounds
Dietary
Other »
Dietary Aides
Other »
Subtotal Dietary
Housekeeping
Other »
Environ Srv Mngr
3,888
3,888
3,888
3,888
3,888
3,888
3,888
3,888
3,888
3,888
3,888
3,888
Other »
Environ Srv Staff
14,417
14,417
14,417
14,417
14,417
14,417
14,417
14,417
14,417
14,417
14,417
14,417
18,305
18,305
18,305
18,305
18,305
18,305
18,305
18,305
18,305
18,305
18,305
18,305
Subtotal Housekeeping
Page 2 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Laundry Staff - Long Term Care Houses
0
0
0
0
0
0
0
0
0
0
0
0
Laundry Staff - Short Term / Rehab Houses
0
0
0
0
0
0
0
0
0
0
0
0
Other »
Laundry
0
0
0
0
0
0
0
0
0
0
0
0
Other »
Laundry Supervisor
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Long Term Care Houses - Shahbaz
314,855
314,855
314,855
314,855
314,855
314,855
314,855
314,855
314,855
314,855
314,855
314,855
Long Term Care Houses - RNs
139,988
139,988
139,988
139,988
139,988
139,988
139,988
139,988
139,988
139,988
139,988
139,988
Long Term Care Houses - LPNs
18,990
18,990
18,990
18,990
18,990
18,990
18,990
18,990
18,990
18,990
18,990
18,990
Short Term / Rehab Houses - Shahbaz
48,254
48,254
48,254
48,254
48,254
48,254
48,254
48,254
48,254
48,254
48,254
48,254
Short Term / Rehab Houses - RNs
14,193
14,193
14,193
14,193
14,193
14,193
14,193
14,193
14,193
14,193
14,193
14,193
Short Term / Rehab Houses - LPNs
8,239
8,239
8,239
8,239
8,239
8,239
8,239
8,239
8,239
8,239
8,239
8,239
MDS Coordinator
9,731
9,731
9,731
9,731
9,731
9,731
9,731
9,731
9,731
9,731
9,731
9,731
Social Work Staff
8,994
8,994
8,994
8,994
8,994
8,994
8,994
8,994
8,994
8,994
8,994
8,994
Physical Therapist(s)
5,656
5,656
5,656
5,656
5,656
5,656
5,656
5,656
5,656
5,656
5,656
5,656
Occupational Therapist(s)
4,915
4,915
4,915
4,915
4,915
4,915
4,915
4,915
4,915
4,915
4,915
4,915
Speech Therapist(s)
6,002
6,002
6,002
6,002
6,002
6,002
6,002
6,002
6,002
6,002
6,002
6,002
Educator / Dir. Of Staff Dev.
7,093
7,093
7,093
7,093
7,093
7,093
7,093
7,093
7,093
7,093
7,093
7,093
Other »
Transport Aide
2,782
2,782
2,782
2,782
2,782
2,782
2,782
2,782
2,782
2,782
2,782
2,782
Other »
Social Serv Director
4,758
4,758
4,758
4,758
4,758
4,758
4,758
4,758
4,758
4,758
4,758
4,758
Other »
OT Director
7,015
7,015
7,015
7,015
7,015
7,015
7,015
7,015
7,015
7,015
7,015
7,015
Other »
PT Director
7,015
7,015
7,015
7,015
7,015
7,015
7,015
7,015
7,015
7,015
7,015
7,015
Other »
RPTA
Subtotal Laundry
Resident Services
8,320
8,320
8,320
8,320
8,320
8,320
8,320
8,320
8,320
8,320
8,320
8,320
616,798
616,798
616,798
616,798
616,798
616,798
616,798
616,798
616,798
616,798
616,798
616,798
Activity Director
4,874
4,874
4,874
4,874
4,874
4,874
4,874
4,874
4,874
4,874
4,874
4,874
Assistant Activity Director
2,773
2,773
2,773
2,773
2,773
2,773
2,773
2,773
2,773
2,773
2,773
2,773
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
7,647
7,647
7,647
7,647
7,647
7,647
7,647
7,647
7,647
7,647
7,647
7,647
3,373
3,373
3,373
3,373
3,373
3,373
3,373
3,373
3,373
3,373
3,373
3,373
0
0
0
0
0
0
0
0
0
0
0
0
Subtotal Resident Services
Life Enrichment / Activities
Subtotal Life Enrichment / Activities
Other Staff
Medical Records
Central Supply
Other »
Unit Asst
2,796
2,796
2,796
2,796
2,796
2,796
2,796
2,796
2,796
2,796
2,796
2,796
Other »
Rehab Tech
1,990
1,990
1,990
1,990
1,990
1,990
1,990
1,990
1,990
1,990
1,990
1,990
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
8,159
8,159
8,159
8,159
8,159
8,159
8,159
8,159
8,159
8,159
8,159
8,159
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
$771,375
Subtotal Other Staff
Total Salaries and Wages
Plus Benefits
Total Personnel Costs
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$323,978
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
$1,095,353
Page 3 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
1,641
1,641
1,641
1,641
1,641
1,641
1,641
1,641
1,641
1,641
1,641
1,641
Pagers / Cell Phones
0
0
0
0
0
0
0
0
0
0
0
0
License or Permit
0
0
0
0
0
0
0
0
0
0
0
0
Legal
707
707
707
707
707
707
707
707
707
707
707
707
Audit
3,333
3,333
3,333
3,333
3,333
3,333
3,333
3,333
3,333
3,333
3,333
3,333
542
542
542
542
542
542
542
542
542
542
542
542
1,241
1,241
1,241
1,241
1,241
1,241
1,241
1,241
1,241
1,241
1,241
1,241
0
0
0
0
0
0
0
0
0
0
0
0
3,909
3,909
3,909
3,909
3,909
3,909
3,909
3,909
3,909
3,909
3,909
3,909
12,713
12,713
12,713
12,713
12,713
12,713
12,713
12,713
12,713
12,713
12,713
12,713
1,374
1,374
1,374
1,374
1,374
1,374
1,374
1,374
1,374
1,374
1,374
1,374
0
0
0
0
0
0
0
0
0
0
0
0
Personnel Recruiting / Advertising
234
234
234
234
234
234
234
234
234
234
234
234
Printing/ Duplicating / Forms
638
638
638
638
638
638
638
638
638
638
638
638
Green House Membership Dues
813
813
813
813
813
813
813
813
813
813
813
813
1,265
1,265
1,265
1,265
1,265
1,265
1,265
1,265
1,265
1,265
1,265
1,265
269
269
269
269
269
269
269
269
269
269
269
269
48
48
48
48
48
48
48
48
48
48
48
48
Expenses
Administrative
Telephone
Accounting
Office Supplies
Computer / Technology
Conference / Travel
Green House Core Training
Other Inservice Training / Education
Mileage Reimbursement
Other Dues / Memberships
Postage / Delivery
Equipment
Medical Director
3,558
3,558
3,558
3,558
3,558
3,558
3,558
3,558
3,558
3,558
3,558
3,558
Other »
Copy & Postage Mach lease
845
845
845
845
845
845
845
845
845
845
845
845
Other »
Employee physicals
507
507
507
507
507
507
507
507
507
507
507
507
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
33,633
33,633
33,633
33,633
33,633
33,633
33,633
33,633
33,633
33,633
33,633
33,633
Operating / Corporate Fee [ flat fee ]
0
0
0
0
0
0
0
0
0
0
0
0
Operating / Corporate Fee [ % rev ]
0
0
0
0
0
0
0
0
0
0
0
0
Management Fee [ % rev ]
0
0
0
0
0
0
0
0
0
0
0
0
Other [flat fee] »
0
0
0
0
0
0
0
0
0
0
0
0
Other [ % rev ] »
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,665
28,665
28,665
28,665
28,665
28,665
28,665
28,665
28,665
28,665
28,665
28,665
4,759
4,759
4,759
4,759
4,759
4,759
4,759
4,759
4,759
4,759
4,759
4,759
281
281
281
281
281
281
281
281
281
281
281
281
Dietary Supplement [ per elder ]
2,009
2,009
2,009
2,009
2,009
2,009
2,009
2,009
2,009
2,009
2,009
2,009
Dietary Consultant
7,293
7,293
7,293
7,293
7,293
7,293
7,293
7,293
7,293
7,293
7,293
7,293
Contracted Svcs / Temp Personnel
5,859
5,859
5,859
5,859
5,859
5,859
5,859
5,859
5,859
5,859
5,859
5,859
Staff Meals
4,652
4,652
4,652
4,652
4,652
4,652
4,652
4,652
4,652
4,652
4,652
4,652
Subtotal Administrative
Management / Corporate Fees
Subtotal Management / Corporate Fees
Dietary
Raw Food [ per elder per day ]
Supplies [ per elder ]
Equipment [ per elder ]
Guest Meals
Other »
Food Srv Mngmnt Fee
Other »
Uniform Tops
0
0
0
0
0
0
0
0
0
0
0
0
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
45
45
45
45
45
45
45
45
45
45
45
45
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
54,832
54,832
54,832
54,832
54,832
54,832
54,832
54,832
54,832
54,832
54,832
54,832
Subtotal Dietary
Page 4 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Housekeeping Supplies [ per elder ]
2,682
2,682
2,682
2,682
2,682
2,682
2,682
2,682
2,682
2,682
2,682
2,682
Laundry Supplies [ per elder ]
1,114
1,114
1,114
1,114
1,114
1,114
1,114
1,114
1,114
1,114
1,114
1,114
Linen and Bedding [ per elder ]
1,184
1,184
1,184
1,184
1,184
1,184
1,184
1,184
1,184
1,184
1,184
1,184
58
58
58
58
58
58
58
58
58
58
58
58
Contracted Services / Temp Personnel [ per elder ]
661
661
661
661
661
661
661
661
661
661
661
661
Other »
Food Srv Mngmnt Fee
418
418
418
418
418
418
418
418
418
418
418
418
Other »
Uniform Tops
38
38
38
38
38
38
38
38
38
38
38
38
Housekeeping and Laundry - Long Term Care
Equipment [ per elder ]
Other »
0
0
0
0
0
0
0
0
0
0
0
0
6,155
6,155
6,155
6,155
6,155
6,155
6,155
6,155
6,155
6,155
6,155
6,155
Housekeeping Supplies [ per elder ]
413
413
413
413
413
413
413
413
413
413
413
413
Laundry Supplies [ per elder ]
171
171
171
171
171
171
171
171
171
171
171
171
Linen and Bedding [ per elder ]
182
182
182
182
182
182
182
182
182
182
182
182
9
9
9
9
9
9
9
9
9
9
9
9
102
102
102
102
102
102
102
102
102
102
102
102
Subtotal Housekeeping and Laundry - Long Term Care
Housekeeping and Laundry - Short Term / Rehab
Equipment [ per elder ]
Contracted Services / Temp Personnel [ per elder ]
Other »
64
64
64
64
64
64
64
64
64
64
64
64
Other »
Drapery Replacement
6
6
6
6
6
6
6
6
6
6
6
6
Other »
Uniform Tops
0
0
0
0
0
0
0
0
0
0
0
0
947
947
947
947
947
947
947
947
947
947
947
947
Care Supplies [ per elder ]
20,901
20,901
20,901
20,901
20,901
20,901
20,901
20,901
20,901
20,901
20,901
20,901
Medications [ per elder ]
13,009
13,009
13,009
13,009
13,009
13,009
13,009
13,009
13,009
13,009
13,009
13,009
Subtotal Housekeeping and Laundry - Short Term / Rehab
Resident Services - Long Term Care
Transportation [ per elder ]
0
0
0
0
0
0
0
0
0
0
0
0
Physical Therapy Services or Supplies [ per elder ]
532
532
532
532
532
532
532
532
532
532
532
532
Occ. Therapy Services or Supplies [ per elder ]
240
240
240
240
240
240
240
240
240
240
240
240
Speech Therapy Services or Supplies [ per elder ]
34
34
34
34
34
34
34
34
34
34
34
34
1,515
1,515
1,515
1,515
1,515
1,515
1,515
1,515
1,515
1,515
1,515
1,515
63
63
63
63
63
63
63
63
63
63
63
63
Equipment [ per elder ]
803
803
803
803
803
803
803
803
803
803
803
803
Other »
Vaccinations
714
714
714
714
714
714
714
714
714
714
714
714
Other »
Psych Clincian
5,312
5,312
5,312
5,312
5,312
5,312
5,312
5,312
5,312
5,312
5,312
5,312
Other »
Equipt Rental (PT)
1,537
1,537
1,537
1,537
1,537
1,537
1,537
1,537
1,537
1,537
1,537
1,537
Other »
Part A Vendors
4,647
4,647
4,647
4,647
4,647
4,647
4,647
4,647
4,647
4,647
4,647
4,647
Other »
Other OSS Therapy
Dental Supplies [ per elder ]
Social Work Supplies [ per elder ]
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
2,697
52,003
52,003
52,003
52,003
52,003
52,003
52,003
52,003
52,003
52,003
52,003
52,003
Care Supplies [ per elder ]
3,216
3,216
3,216
3,216
3,216
3,216
3,216
3,216
3,216
3,216
3,216
3,216
Medications [ per elder ]
2,001
2,001
2,001
2,001
2,001
2,001
2,001
2,001
2,001
2,001
2,001
2,001
Subtotal Resident Services - Long Term Care
Resident Services - Short Term / Rehab
Transportation [ per elder ]
0
0
0
0
0
0
0
0
0
0
0
0
Physical Therapy Supplies [ per elder ]
82
82
82
82
82
82
82
82
82
82
82
82
Occupational Therapy Supplies [ per elder ]
37
37
37
37
37
37
37
37
37
37
37
37
Speech Therapy Supplies [ per elder ]
Dental Supplies [ per elder ]
Social Work Supplies [ per elder ]
5
5
5
5
5
5
5
5
5
5
5
5
233
233
233
233
233
233
233
233
233
233
233
233
10
10
10
10
10
10
10
10
10
10
10
10
Equipment [ per elder ]
124
124
124
124
124
124
124
124
124
124
124
124
Other »
Vaccinations
110
110
110
110
110
110
110
110
110
110
110
110
Other »
Psych Clincian
817
817
817
817
817
817
817
817
817
817
817
817
Other »
Equipt Rental (PT)
236
236
236
236
236
236
236
236
236
236
236
236
Page 5 of 40
Green House Financial Feasibility Model
Other »
Part A Vendors
Other »
Other OSS Therapy
Subtotal Resident Services - Short Term / Rehab
Profit Loss - Detailed
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
715
715
715
715
715
715
715
715
715
715
715
715
415
415
415
415
415
415
415
415
415
415
415
415
8,000
8,000
8,000
8,000
8,000
8,000
8,000
8,000
8,000
8,000
8,000
8,000
Page 6 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Activity Supplies
692
692
692
692
692
692
692
692
692
692
692
692
Entertainment
150
150
150
150
150
150
150
150
150
150
150
150
Life Enrichment / Activities
Other »
753
753
753
753
753
753
753
753
753
753
753
753
Other »
Spiritual Counceling
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
1,595
1,595
1,595
1,595
1,595
1,595
1,595
1,595
1,595
1,595
1,595
1,595
Subtotal Life Enrichment / Activities
Marketing
Advertising
833
833
833
833
833
833
833
833
833
833
833
833
Printing
0
0
0
0
0
0
0
0
0
0
0
0
Professional Referral Fees
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
Subtotal Marketing
0
0
0
0
0
0
0
0
0
0
0
0
833
833
833
833
833
833
833
833
833
833
833
833
Utilities
Electricity
10,688
10,688
10,688
10,688
10,688
10,688
10,688
10,688
10,688
10,688
10,688
10,688
Water / Sewer
3,999
3,999
3,999
3,999
3,999
3,999
3,999
3,999
3,999
3,999
3,999
3,999
Gas
2,769
2,769
2,769
2,769
2,769
2,769
2,769
2,769
2,769
2,769
2,769
2,769
Garbage Removal
3,092
3,092
3,092
3,092
3,092
3,092
3,092
3,092
3,092
3,092
3,092
3,092
Cable TV
Fuel Oil
Other »
Auto Fuel & Repair
Other »
Ongoing Tool Replacment
Other »
Subtotal Utilities
900
900
900
900
900
900
900
900
900
900
900
900
21,714
21,714
21,714
21,714
21,714
21,714
21,714
21,714
21,714
21,714
21,714
21,714
1,878
1,878
1,878
1,878
1,878
1,878
1,878
1,878
1,878
1,878
1,878
1,878
207
207
207
207
207
207
207
207
207
207
207
207
0
0
0
0
0
0
0
0
0
0
0
0
45,246
45,246
45,246
45,246
45,246
45,246
45,246
45,246
45,246
45,246
45,246
45,246
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
Buildings and Grounds
Maintenance and Repairs
Grounds Expenses
Snow Removal
Alarm Monitoring
0
0
0
0
0
0
0
0
0
0
0
0
909
909
909
909
909
909
909
909
909
909
909
909
54
54
54
54
54
54
54
54
54
54
54
54
Pest Control
176
176
176
176
176
176
176
176
176
176
176
176
Life Safety Maintenance
207
207
207
207
207
207
207
207
207
207
207
207
Other Contracted Services
Repair and Replacement Reserve
146
146
146
146
146
146
146
146
146
146
146
146
3,113
3,113
3,113
3,113
3,113
3,113
3,113
3,113
3,113
3,113
3,113
3,113
Other »
Maint Supplies
699
699
699
699
699
699
699
699
699
699
699
699
Other »
HVAC Contract
7,980
7,980
7,980
7,980
7,980
7,980
7,980
7,980
7,980
7,980
7,980
7,980
Other »
Shredding Bins
233
233
233
233
233
233
233
233
233
233
233
233
Other »
Uniforms
132
132
132
132
132
132
132
132
132
132
132
132
15,246
15,246
15,246
15,246
15,246
15,246
15,246
15,246
15,246
15,246
15,246
15,246
Subtotal Buildings and Grounds
Page 7 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Other Expenses
Professional Liability Insurance
4,766
4,766
4,766
4,766
4,766
4,766
4,766
4,766
4,766
4,766
4,766
4,766
Property Insurance
0
0
0
0
0
0
0
0
0
0
0
0
Medical Records and Library
0
0
0
0
0
0
0
0
0
0
0
0
Central Supply
0
0
0
0
0
0
0
0
0
0
0
0
Interest Expense [ excl mortgage interest ]
0
0
0
0
0
0
0
0
0
0
0
0
Property Taxes
0
0
0
0
0
0
0
0
0
0
0
0
Other [ Non-Property ] Taxes
0
0
0
0
0
0
0
0
0
0
0
0
62,121
62,121
62,121
62,121
62,121
62,121
62,121
62,121
62,121
62,121
62,121
62,121
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
66,887
66,887
66,887
66,887
66,887
66,887
66,887
66,887
66,887
66,887
66,887
66,887
Total Expenses
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
1,380,728
Net Operating Income (NOI)
(370,240)
(370,240)
(370,240)
(370,240)
(370,240)
(370,240)
(370,240)
(370,240)
(370,240)
(370,240)
(370,240)
(370,240)
165,832
165,832
165,832
165,832
165,832
165,832
165,832
165,832
165,832
165,832
165,832
165,832
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
(204,408)
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
Cash Flow after Debt
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
(439,926)
Cumulative Cash Flow
(439,926)
(879,852)
(1,319,778)
(1,759,704)
(2,199,630)
(2,639,556)
(3,079,482)
(3,519,408)
(3,959,334)
(4,399,260)
(4,839,186)
(5,279,112)
1.74
1.74
1.74
1.74
1.74
1.74
1.74
1.74
1.74
1.74
1.74
1.74
Net Cash Flow Margin (After Debt)
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
-0.55
Debt Coverage Ratio
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
-0.87
State Assessment [ Bed Tax ]
Other »
Lease
Subtotal Other Expenses
( Before Ancillary Services / Other Business Lines )
NOI from Ancillary Services
Total Project NOI
Less Estimated Debt Service Payments
Expense to Revenue Margin
Page 8 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 1
Occupancy - Long Term Care
% Occupied (before vacancy)
n/a
% Occupied (after vacancy)
n/a
# Beds Occupied (1st Occupants)
n/a
# Houses Occupied
n/a
% Houses Occupied
n/a
Occupancy - Short Term / Rehab
% Occupied (before vacancy)
n/a
% Occupied (after vacancy)
n/a
# Beds Occupied
n/a
# Houses Occupied
n/a
% Houses Occupied
n/a
% Beds Occupied - Project
n/a
% Houses Opened - Project
n/a
Revenue - Long Term Care
Private-Pay
3,091,889
Medicaid
4,635,595
Medicare
0
Other »
Medicaid TLC
Other »
Private Pay TLC
1,949,679
237,276
Other »
0
Other »
0
Admissions Fees
0
Gross Revenue
9,914,438
Less Vacancy Factor
347,005
Less Bad Debt Allowance
49,572
Net Revenue
9,517,861
Revenue - Short Term / Rehab
Private-Pay
0
Medicaid
307,400
Medicare
2,409,264
Other »
0
Other »
0
Other »
0
Other »
0
Gross Revenue
2,716,664
Less Vacancy Factor
95,083
Less Bad Debt Allowance
13,583
Net Revenue
2,607,998
Total Net Revenue ( Long Term + Rehab )
Page 9 of 40
12,125,858
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 1
Personnel Expenses
Administrative and General
Chief Executive Officer
0
Chief Financial Officer
0
Administrator
99,986
Assistant Administrator
0
Guide
0
Business Office Staff
94,016
Other Fiscal Staff
0
Human Resources Dir.
47,674
Director of Nursing
82,576
Assistant Director of Nursing
69,638
General Support
37,586
Admissions
46,134
Marketing
0
IT Technician
47,154
Other »
QAIC
Other »
Scheduler
Other »
RN Managers/Supervisors
49,026
32,365
443,979
Other »
0
Other »
0
Subtotal Administrative and General
1,050,133
Building & Grounds
Maintenance
166,055
Grounds
0
Other »
Facilities Director
57,678
Other »
Admin Asst
32,365
Other »
0
Subtotal Building & Grounds
256,098
Dietary
Head Dietician
0
Food Service Coordinator
0
Asst Food Service Coordinator
0
Other »
Dietary Aides
Other »
139,356
0
Subtotal Dietary
139,356
Housekeeping
Housekeeping - Long Term Care Houses
0
Housekeeping - Short Term / Rehab Houses
0
Housekeeping - Admin. Offices
0
Other »
Environ Srv Mngr
46,654
Other »
Environ Srv Staff
173,007
Subtotal Housekeeping
219,662
Page 10 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 1
Laundry
Laundry Staff - Long Term Care Houses
0
Laundry Staff - Short Term / Rehab Houses
0
Other »
0
Laundry Supervisor
Other »
0
Other »
0
Subtotal Laundry
0
Resident Services
Long Term Care Houses - Shahbaz
3,778,256
Long Term Care Houses - RNs
1,679,854
Long Term Care Houses - LPNs
227,883
Short Term / Rehab Houses - Shahbaz
579,046
Short Term / Rehab Houses - RNs
170,315
Short Term / Rehab Houses - LPNs
98,867
MDS Coordinator
116,771
Social Work Staff
107,927
Physical Therapist(s)
67,875
Occupational Therapist(s)
58,975
Speech Therapist(s)
72,020
Educator / Dir. Of Staff Dev.
85,114
Other »
Transport Aide
33,383
Other »
Social Serv Director
57,096
Other »
OT Director
84,178
Other »
PT Director
84,178
Other »
RPTA
99,840
Subtotal Resident Services
7,401,579
Life Enrichment / Activities
Activity Director
58,490
Assistant Activity Director
33,280
Other »
0
Other »
0
Subtotal Life Enrichment / Activities
91,770
Other Staff
Medical Records
40,477
Central Supply
0
Other »
Unit Asst
33,550
Other »
Rehab Tech
23,878
Other »
0
Other »
0
Subtotal Other Staff
97,906
Total Salaries and Wages
$9,256,503
Plus Benefits
$3,887,731
Total Personnel Costs
$13,144,234
Page 11 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 1
Expenses
Administrative
Telephone
19,692
Pagers / Cell Phones
0
License or Permit
0
Legal
8,478
Audit
39,996
Accounting
6,498
Office Supplies
14,886
Computer / Technology
0
Conference / Travel
46,908
Green House Core Training
152,550
Other Inservice Training / Education
Mileage Reimbursement
16,488
0
Personnel Recruiting / Advertising
2,808
Printing/ Duplicating / Forms
7,650
Green House Membership Dues
9,750
Other Dues / Memberships
15,174
Postage / Delivery
3,222
Equipment
576
Medical Director
42,696
Other »
Copy & Postage Mach lease
Other »
Employee physicals
10,134
6,084
Other »
0
Other »
0
Other »
0
Other »
0
Subtotal Administrative
403,590
Management / Corporate Fees
Operating / Corporate Fee [ flat fee ]
0
Operating / Corporate Fee [ % rev ]
0
Management Fee [ % rev ]
0
Other [flat fee] »
0
Other [ % rev ] »
0
Subtotal Management / Corporate Fees
0
Dietary
Raw Food [ per elder per day ]
343,985
Supplies [ per elder ]
57,113
Equipment [ per elder ]
3,370
Dietary Supplement [ per elder ]
24,110
Dietary Consultant
87,516
Contracted Svcs / Temp Personnel
70,308
Staff Meals
55,818
Guest Meals
0
Other »
Food Srv Mngmnt Fee
Other »
Uniform Tops
15,228
540
Other »
0
Other »
0
Subtotal Dietary
657,987
Page 12 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 1
Housekeeping and Laundry - Long Term Care
Housekeeping Supplies [ per elder ]
32,185
Laundry Supplies [ per elder ]
13,368
Linen and Bedding [ per elder ]
14,211
Equipment [ per elder ]
692
Contracted Services / Temp Personnel [ per elder ]
7,933
Other »
Food Srv Mngmnt Fee
5,013
Other »
Uniform Tops
Other »
452
0
Subtotal Housekeeping and Laundry - Long Term Care
73,855
Housekeeping and Laundry - Short Term / Rehab
Housekeeping Supplies [ per elder ]
4,952
Laundry Supplies [ per elder ]
2,057
Linen and Bedding [ per elder ]
2,186
Equipment [ per elder ]
107
Contracted Services / Temp Personnel [ per elder ]
Other »
1,221
771
Other »
Drapery Replacement
Other »
Uniform Tops
Subtotal Housekeeping and Laundry - Short Term / Rehab
69
0
11,362
Resident Services - Long Term Care
Care Supplies [ per elder ]
250,815
Medications [ per elder ]
156,110
Transportation [ per elder ]
0
Physical Therapy Services or Supplies [ per elder ]
6,383
Occ. Therapy Services or Supplies [ per elder ]
2,875
Speech Therapy Services or Supplies [ per elder ]
Dental Supplies [ per elder ]
406
18,185
Social Work Supplies [ per elder ]
753
Equipment [ per elder ]
9,635
Other »
Vaccinations
8,566
Other »
Psych Clincian
63,739
Other »
Equipt Rental (PT)
18,441
Other »
Part A Vendors
55,760
Other »
Other OSS Therapy
Subtotal Resident Services - Long Term Care
32,366
624,033
Resident Services - Short Term / Rehab
Care Supplies [ per elder ]
38,587
Medications [ per elder ]
24,017
Transportation [ per elder ]
0
Physical Therapy Supplies [ per elder ]
982
Occupational Therapy Supplies [ per elder ]
442
Speech Therapy Supplies [ per elder ]
Dental Supplies [ per elder ]
63
2,798
Social Work Supplies [ per elder ]
116
Equipment [ per elder ]
1,482
Other »
Vaccinations
1,318
Other »
Psych Clincian
9,806
Other »
Equipt Rental (PT)
2,837
Page 13 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 1
Other »
Part A Vendors
Other »
Other OSS Therapy
Subtotal Resident Services - Short Term / Rehab
Page 14 of 40
8,578
4,979
96,005
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 1
Life Enrichment / Activities
Activity Supplies
8,298
Entertainment
1,800
Other »
Spiritual Counceling
9,036
Other »
0
Other »
0
Subtotal Life Enrichment / Activities
19,134
Marketing
Advertising
9,990
Printing
0
Professional Referral Fees
0
Other »
0
Other »
0
Other »
0
Subtotal Marketing
9,990
Utilities
Electricity
128,250
Water / Sewer
47,988
Gas
33,228
Garbage Removal
37,098
Cable TV
10,800
Fuel Oil
260,568
Other »
Auto Fuel & Repair
Other »
Ongoing Tool Replacment
Other »
22,536
2,484
0
Subtotal Utilities
542,952
Buildings and Grounds
Maintenance and Repairs
19,188
Grounds Expenses
0
Snow Removal
10,908
Alarm Monitoring
648
Pest Control
2,106
Life Safety Maintenance
2,484
Other Contracted Services
1,746
Repair and Replacement Reserve
37,350
Other »
Maint Supplies
8,388
Other »
HVAC Contract
95,760
Other »
Shredding Bins
2,790
Other »
Uniforms
1,584
Subtotal Buildings and Grounds
182,952
Page 15 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 1
Other Expenses
Professional Liability Insurance
57,186
Property Insurance
0
Medical Records and Library
0
Central Supply
0
Interest Expense [ excl mortgage interest ]
0
Property Taxes
0
Other [ Non-Property ] Taxes
0
State Assessment [ Bed Tax ]
Other »
745,452
Lease
0
Other »
0
Other »
0
Other »
0
Other »
0
Subtotal Other Expenses
802,638
Total Expenses
16,568,734
Net Operating Income (NOI)
(4,442,875)
( Before Ancillary Services / Other Business Lines )
NOI from Ancillary Services
1,989,984
Total Project NOI
(2,452,891)
Less Estimated Debt Service Payments
Cash Flow after Debt
2,826,221
(5,279,112)
n/a
Cumulative Cash Flow
Expense to Revenue Margin
1.74
Net Cash Flow Margin (After Debt)
-0.55
Debt Coverage Ratio
-0.87
Page 16 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 13
Month 14
Month 15
Month 16
Month 17
Month 18
Month 19
Month 20
Month 21
Month 22
Month 23
Month 24
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
126
126
126
126
126
126
126
126
126
126
126
126
13
13
13
13
13
13
13
13
13
13
13
13
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
20
20
20
20
20
20
20
20
20
20
20
20
Occupancy - Long Term Care
% Occupied (before vacancy)
% Occupied (after vacancy)
# Beds Occupied (1st Occupants)
# Houses Occupied
% Houses Occupied
Occupancy - Short Term / Rehab
% Occupied (before vacancy)
% Occupied (after vacancy)
# Beds Occupied
# Houses Occupied
% Houses Occupied
2
2
2
2
2
2
2
2
2
2
2
2
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
% Beds Occupied - Project
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
% Houses Opened - Project
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Private-Pay
265,387
265,387
265,387
265,387
265,387
265,387
265,387
265,387
265,387
265,387
265,387
265,387
Medicaid
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
386,300
Medicare
0
0
0
0
0
0
0
0
0
0
0
0
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
162,473
Revenue - Long Term Care
Other »
Medicaid TLC
Other »
Private Pay TLC
20,366
20,366
20,366
20,366
20,366
20,366
20,366
20,366
20,366
20,366
20,366
20,366
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Admissions Fees
Gross Revenue
Less Vacancy Factor
Less Bad Debt Allowance
Net Revenue
0
0
0
0
0
0
0
0
0
0
0
0
834,526
834,526
834,526
834,526
834,526
834,526
834,526
834,526
834,526
834,526
834,526
834,526
29,208
29,208
29,208
29,208
29,208
29,208
29,208
29,208
29,208
29,208
29,208
29,208
4,173
4,173
4,173
4,173
4,173
4,173
4,173
4,173
4,173
4,173
4,173
4,173
801,145
801,145
801,145
801,145
801,145
801,145
801,145
801,145
801,145
801,145
801,145
801,145
0
0
0
0
0
0
0
0
0
0
0
0
Revenue - Short Term / Rehab
Private-Pay
Medicaid
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
25,617
Medicare
204,787
204,787
204,787
204,787
204,787
204,787
204,787
204,787
204,787
204,787
204,787
204,787
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
230,404
230,404
230,404
230,404
230,404
230,404
230,404
230,404
230,404
230,404
230,404
230,404
8,064
8,064
8,064
8,064
8,064
8,064
8,064
8,064
8,064
8,064
8,064
8,064
Gross Revenue
Less Vacancy Factor
Less Bad Debt Allowance
Net Revenue
Total Net Revenue ( Long Term + Rehab )
1,152
1,152
1,152
1,152
1,152
1,152
1,152
1,152
1,152
1,152
1,152
1,152
221,188
221,188
221,188
221,188
221,188
221,188
221,188
221,188
221,188
221,188
221,188
221,188
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
1,022,333
Page 17 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 13
Month 14
Month 15
Month 16
Month 17
Month 18
Month 19
Month 20
Month 21
Month 22
Month 23
Month 24
Chief Executive Officer
0
0
0
0
0
0
0
0
0
0
0
0
Chief Financial Officer
0
0
0
0
0
0
0
0
0
0
0
0
8,582
8,582
8,582
8,582
8,582
8,582
8,582
8,582
8,582
8,582
8,582
8,582
Assistant Administrator
0
0
0
0
0
0
0
0
0
0
0
0
Guide
0
0
0
0
0
0
0
0
0
0
0
0
8,070
8,070
8,070
8,070
8,070
8,070
8,070
8,070
8,070
8,070
8,070
8,070
0
0
0
0
0
0
0
0
0
0
0
0
Human Resources Dir.
4,092
4,092
4,092
4,092
4,092
4,092
4,092
4,092
4,092
4,092
4,092
4,092
Director of Nursing
7,088
7,088
7,088
7,088
7,088
7,088
7,088
7,088
7,088
7,088
7,088
7,088
Assistant Director of Nursing
5,977
5,977
5,977
5,977
5,977
5,977
5,977
5,977
5,977
5,977
5,977
5,977
General Support
3,226
3,226
3,226
3,226
3,226
3,226
3,226
3,226
3,226
3,226
3,226
3,226
Admissions
3,960
3,960
3,960
3,960
3,960
3,960
3,960
3,960
3,960
3,960
3,960
3,960
0
0
0
0
0
0
0
0
0
0
0
0
4,047
4,047
4,047
4,047
4,047
4,047
4,047
4,047
4,047
4,047
4,047
4,047
4,208
Personnel Expenses
Administrative and General
Administrator
Business Office Staff
Other Fiscal Staff
Marketing
IT Technician
Other »
QAIC
4,208
4,208
4,208
4,208
4,208
4,208
4,208
4,208
4,208
4,208
4,208
Other »
Scheduler
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
Other »
RN Managers/Supervisors
38,108
38,108
38,108
38,108
38,108
38,108
38,108
38,108
38,108
38,108
38,108
38,108
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
90,136
90,136
90,136
90,136
90,136
90,136
90,136
90,136
90,136
90,136
90,136
90,136
14,253
14,253
14,253
14,253
14,253
14,253
14,253
14,253
14,253
14,253
14,253
14,253
0
0
0
0
0
0
0
0
0
0
0
0
Subtotal Administrative and General
Building & Grounds
Maintenance
Grounds
Other »
Facilities Director
4,951
4,951
4,951
4,951
4,951
4,951
4,951
4,951
4,951
4,951
4,951
4,951
Other »
Admin Asst
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
0
0
0
0
0
0
0
0
0
0
0
0
21,982
21,982
21,982
21,982
21,982
21,982
21,982
21,982
21,982
21,982
21,982
21,982
Head Dietician
0
0
0
0
0
0
0
0
0
0
0
0
Food Service Coordinator
0
0
0
0
0
0
0
0
0
0
0
0
Asst Food Service Coordinator
0
0
0
0
0
0
0
0
0
0
0
0
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
0
0
0
0
0
0
0
0
0
0
0
0
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
11,961
Housekeeping - Long Term Care Houses
0
0
0
0
0
0
0
0
0
0
0
0
Housekeeping - Short Term / Rehab Houses
0
0
0
0
0
0
0
0
0
0
0
0
Housekeeping - Admin. Offices
0
0
0
0
0
0
0
0
0
0
0
0
Other »
Subtotal Building & Grounds
Dietary
Other »
Dietary Aides
Other »
Subtotal Dietary
Housekeeping
Other »
Environ Srv Mngr
4,005
4,005
4,005
4,005
4,005
4,005
4,005
4,005
4,005
4,005
4,005
4,005
Other »
Environ Srv Staff
14,850
14,850
14,850
14,850
14,850
14,850
14,850
14,850
14,850
14,850
14,850
14,850
18,854
18,854
18,854
18,854
18,854
18,854
18,854
18,854
18,854
18,854
18,854
18,854
Subtotal Housekeeping
Page 18 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 13
Month 14
Month 15
Month 16
Month 17
Month 18
Month 19
Month 20
Month 21
Month 22
Month 23
Month 24
Laundry Staff - Long Term Care Houses
0
0
0
0
0
0
0
0
0
0
0
0
Laundry Staff - Short Term / Rehab Houses
0
0
0
0
0
0
0
0
0
0
0
0
Other »
Laundry
0
0
0
0
0
0
0
0
0
0
0
0
Other »
Laundry Supervisor
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Long Term Care Houses - Shahbaz
324,300
324,300
324,300
324,300
324,300
324,300
324,300
324,300
324,300
324,300
324,300
324,300
Long Term Care Houses - RNs
144,188
144,188
144,188
144,188
144,188
144,188
144,188
144,188
144,188
144,188
144,188
144,188
Long Term Care Houses - LPNs
19,560
19,560
19,560
19,560
19,560
19,560
19,560
19,560
19,560
19,560
19,560
19,560
Short Term / Rehab Houses - Shahbaz
49,701
49,701
49,701
49,701
49,701
49,701
49,701
49,701
49,701
49,701
49,701
49,701
Short Term / Rehab Houses - RNs
14,619
14,619
14,619
14,619
14,619
14,619
14,619
14,619
14,619
14,619
14,619
14,619
Subtotal Laundry
Resident Services
Short Term / Rehab Houses - LPNs
8,486
8,486
8,486
8,486
8,486
8,486
8,486
8,486
8,486
8,486
8,486
8,486
MDS Coordinator
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
10,023
Social Work Staff
9,264
9,264
9,264
9,264
9,264
9,264
9,264
9,264
9,264
9,264
9,264
9,264
Physical Therapist(s)
5,826
5,826
5,826
5,826
5,826
5,826
5,826
5,826
5,826
5,826
5,826
5,826
Occupational Therapist(s)
5,062
5,062
5,062
5,062
5,062
5,062
5,062
5,062
5,062
5,062
5,062
5,062
Speech Therapist(s)
6,182
6,182
6,182
6,182
6,182
6,182
6,182
6,182
6,182
6,182
6,182
6,182
Educator / Dir. Of Staff Dev.
7,306
7,306
7,306
7,306
7,306
7,306
7,306
7,306
7,306
7,306
7,306
7,306
Other »
Transport Aide
2,865
2,865
2,865
2,865
2,865
2,865
2,865
2,865
2,865
2,865
2,865
2,865
Other »
Social Serv Director
4,901
4,901
4,901
4,901
4,901
4,901
4,901
4,901
4,901
4,901
4,901
4,901
Other »
OT Director
7,225
7,225
7,225
7,225
7,225
7,225
7,225
7,225
7,225
7,225
7,225
7,225
Other »
PT Director
7,225
7,225
7,225
7,225
7,225
7,225
7,225
7,225
7,225
7,225
7,225
7,225
Other »
RPTA
8,570
8,570
8,570
8,570
8,570
8,570
8,570
8,570
8,570
8,570
8,570
8,570
635,302
635,302
635,302
635,302
635,302
635,302
635,302
635,302
635,302
635,302
635,302
635,302
Activity Director
5,020
5,020
5,020
5,020
5,020
5,020
5,020
5,020
5,020
5,020
5,020
5,020
Assistant Activity Director
2,857
2,857
2,857
2,857
2,857
2,857
2,857
2,857
2,857
2,857
2,857
2,857
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
7,877
7,877
7,877
7,877
7,877
7,877
7,877
7,877
7,877
7,877
7,877
7,877
3,474
3,474
3,474
3,474
3,474
3,474
3,474
3,474
3,474
3,474
3,474
3,474
0
0
0
0
0
0
0
0
0
0
0
0
Subtotal Resident Services
Life Enrichment / Activities
Subtotal Life Enrichment / Activities
Other Staff
Medical Records
Central Supply
Other »
Unit Asst
2,880
2,880
2,880
2,880
2,880
2,880
2,880
2,880
2,880
2,880
2,880
2,880
Other »
Rehab Tech
2,050
2,050
2,050
2,050
2,050
2,050
2,050
2,050
2,050
2,050
2,050
2,050
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
8,404
8,404
8,404
8,404
8,404
8,404
8,404
8,404
8,404
8,404
8,404
8,404
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
$794,517
Subtotal Other Staff
Total Salaries and Wages
Plus Benefits
Total Personnel Costs
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$333,697
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
$1,128,213
Page 19 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 13
Month 14
Month 15
Month 16
Month 17
Month 18
Month 19
Month 20
Month 21
Month 22
Month 23
Month 24
1,690
1,690
1,690
1,690
1,690
1,690
1,690
1,690
1,690
1,690
1,690
1,690
Pagers / Cell Phones
0
0
0
0
0
0
0
0
0
0
0
0
License or Permit
0
0
0
0
0
0
0
0
0
0
0
0
Legal
728
728
728
728
728
728
728
728
728
728
728
728
Audit
3,433
3,433
3,433
3,433
3,433
3,433
3,433
3,433
3,433
3,433
3,433
3,433
558
558
558
558
558
558
558
558
558
558
558
558
1,278
1,278
1,278
1,278
1,278
1,278
1,278
1,278
1,278
1,278
1,278
1,278
0
0
0
0
0
0
0
0
0
0
0
0
4,026
4,026
4,026
4,026
4,026
4,026
4,026
4,026
4,026
4,026
4,026
4,026
13,094
13,094
13,094
13,094
13,094
13,094
13,094
13,094
13,094
13,094
13,094
13,094
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
1,415
0
0
0
0
0
0
0
0
0
0
0
0
Personnel Recruiting / Advertising
241
241
241
241
241
241
241
241
241
241
241
241
Printing/ Duplicating / Forms
657
657
657
657
657
657
657
657
657
657
657
657
Green House Membership Dues
837
837
837
837
837
837
837
837
837
837
837
837
1,302
1,302
1,302
1,302
1,302
1,302
1,302
1,302
1,302
1,302
1,302
1,302
277
277
277
277
277
277
277
277
277
277
277
277
49
49
49
49
49
49
49
49
49
49
49
49
Expenses
Administrative
Telephone
Accounting
Office Supplies
Computer / Technology
Conference / Travel
Green House Core Training
Other Inservice Training / Education
Mileage Reimbursement
Other Dues / Memberships
Postage / Delivery
Equipment
Medical Director
3,665
3,665
3,665
3,665
3,665
3,665
3,665
3,665
3,665
3,665
3,665
3,665
Other »
Copy & Postage Mach lease
870
870
870
870
870
870
870
870
870
870
870
870
Other »
Employee physicals
522
522
522
522
522
522
522
522
522
522
522
522
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
34,642
34,642
34,642
34,642
34,642
34,642
34,642
34,642
34,642
34,642
34,642
34,642
Operating / Corporate Fee [ flat fee ]
0
0
0
0
0
0
0
0
0
0
0
0
Operating / Corporate Fee [ % rev ]
0
0
0
0
0
0
0
0
0
0
0
0
Management Fee [ % rev ]
0
0
0
0
0
0
0
0
0
0
0
0
Other [flat fee] »
0
0
0
0
0
0
0
0
0
0
0
0
Other [ % rev ] »
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29,525
29,525
29,525
29,525
29,525
29,525
29,525
29,525
29,525
29,525
29,525
29,525
4,902
4,902
4,902
4,902
4,902
4,902
4,902
4,902
4,902
4,902
4,902
4,902
289
289
289
289
289
289
289
289
289
289
289
289
Dietary Supplement [ per elder ]
2,069
2,069
2,069
2,069
2,069
2,069
2,069
2,069
2,069
2,069
2,069
2,069
Dietary Consultant
7,512
7,512
7,512
7,512
7,512
7,512
7,512
7,512
7,512
7,512
7,512
7,512
Contracted Svcs / Temp Personnel
6,035
6,035
6,035
6,035
6,035
6,035
6,035
6,035
6,035
6,035
6,035
6,035
Staff Meals
4,791
4,791
4,791
4,791
4,791
4,791
4,791
4,791
4,791
4,791
4,791
4,791
Subtotal Administrative
Management / Corporate Fees
Subtotal Management / Corporate Fees
Dietary
Raw Food [ per elder per day ]
Supplies [ per elder ]
Equipment [ per elder ]
Guest Meals
Other »
Food Srv Mngmnt Fee
Other »
Uniform Tops
0
0
0
0
0
0
0
0
0
0
0
0
1,307
1,307
1,307
1,307
1,307
1,307
1,307
1,307
1,307
1,307
1,307
1,307
46
46
46
46
46
46
46
46
46
46
46
46
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
56,477
56,477
56,477
56,477
56,477
56,477
56,477
56,477
56,477
56,477
56,477
56,477
Subtotal Dietary
Page 20 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 13
Month 14
Month 15
Month 16
Month 17
Month 18
Month 19
Month 20
Month 21
Month 22
Month 23
Month 24
Housekeeping Supplies [ per elder ]
2,763
2,763
2,763
2,763
2,763
2,763
2,763
2,763
2,763
2,763
2,763
2,763
Laundry Supplies [ per elder ]
1,147
1,147
1,147
1,147
1,147
1,147
1,147
1,147
1,147
1,147
1,147
1,147
Linen and Bedding [ per elder ]
1,220
1,220
1,220
1,220
1,220
1,220
1,220
1,220
1,220
1,220
1,220
1,220
59
59
59
59
59
59
59
59
59
59
59
59
Contracted Services / Temp Personnel [ per elder ]
681
681
681
681
681
681
681
681
681
681
681
681
Other »
Food Srv Mngmnt Fee
430
430
430
430
430
430
430
430
430
430
430
430
Other »
Uniform Tops
39
39
39
39
39
39
39
39
39
39
39
39
Housekeeping and Laundry - Long Term Care
Equipment [ per elder ]
Other »
0
0
0
0
0
0
0
0
0
0
0
0
6,339
6,339
6,339
6,339
6,339
6,339
6,339
6,339
6,339
6,339
6,339
6,339
Housekeeping Supplies [ per elder ]
425
425
425
425
425
425
425
425
425
425
425
425
Laundry Supplies [ per elder ]
177
177
177
177
177
177
177
177
177
177
177
177
Linen and Bedding [ per elder ]
188
188
188
188
188
188
188
188
188
188
188
188
9
9
9
9
9
9
9
9
9
9
9
9
105
105
105
105
105
105
105
105
105
105
105
105
Subtotal Housekeeping and Laundry - Long Term Care
Housekeeping and Laundry - Short Term / Rehab
Equipment [ per elder ]
Contracted Services / Temp Personnel [ per elder ]
Other »
66
66
66
66
66
66
66
66
66
66
66
66
Other »
Drapery Replacement
6
6
6
6
6
6
6
6
6
6
6
6
Other »
Uniform Tops
0
0
0
0
0
0
0
0
0
0
0
0
975
975
975
975
975
975
975
975
975
975
975
975
Care Supplies [ per elder ]
21,528
21,528
21,528
21,528
21,528
21,528
21,528
21,528
21,528
21,528
21,528
21,528
Medications [ per elder ]
13,399
13,399
13,399
13,399
13,399
13,399
13,399
13,399
13,399
13,399
13,399
13,399
Subtotal Housekeeping and Laundry - Short Term / Rehab
Resident Services - Long Term Care
Transportation [ per elder ]
0
0
0
0
0
0
0
0
0
0
0
0
Physical Therapy Services or Supplies [ per elder ]
548
548
548
548
548
548
548
548
548
548
548
548
Occ. Therapy Services or Supplies [ per elder ]
247
247
247
247
247
247
247
247
247
247
247
247
Speech Therapy Services or Supplies [ per elder ]
35
35
35
35
35
35
35
35
35
35
35
35
1,561
1,561
1,561
1,561
1,561
1,561
1,561
1,561
1,561
1,561
1,561
1,561
65
65
65
65
65
65
65
65
65
65
65
65
Equipment [ per elder ]
827
827
827
827
827
827
827
827
827
827
827
827
Other »
Vaccinations
735
735
735
735
735
735
735
735
735
735
735
735
Other »
Psych Clincian
5,471
5,471
5,471
5,471
5,471
5,471
5,471
5,471
5,471
5,471
5,471
5,471
Other »
Equipt Rental (PT)
1,583
1,583
1,583
1,583
1,583
1,583
1,583
1,583
1,583
1,583
1,583
1,583
Other »
Part A Vendors
4,786
4,786
4,786
4,786
4,786
4,786
4,786
4,786
4,786
4,786
4,786
4,786
Other »
Other OSS Therapy
Dental Supplies [ per elder ]
Social Work Supplies [ per elder ]
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
2,778
53,563
53,563
53,563
53,563
53,563
53,563
53,563
53,563
53,563
53,563
53,563
53,563
Care Supplies [ per elder ]
3,312
3,312
3,312
3,312
3,312
3,312
3,312
3,312
3,312
3,312
3,312
3,312
Medications [ per elder ]
2,061
2,061
2,061
2,061
2,061
2,061
2,061
2,061
2,061
2,061
2,061
2,061
Subtotal Resident Services - Long Term Care
Resident Services - Short Term / Rehab
Transportation [ per elder ]
0
0
0
0
0
0
0
0
0
0
0
0
Physical Therapy Supplies [ per elder ]
84
84
84
84
84
84
84
84
84
84
84
84
Occupational Therapy Supplies [ per elder ]
38
38
38
38
38
38
38
38
38
38
38
38
Speech Therapy Supplies [ per elder ]
Dental Supplies [ per elder ]
Social Work Supplies [ per elder ]
5
5
5
5
5
5
5
5
5
5
5
5
240
240
240
240
240
240
240
240
240
240
240
240
10
10
10
10
10
10
10
10
10
10
10
10
Equipment [ per elder ]
127
127
127
127
127
127
127
127
127
127
127
127
Other »
Vaccinations
113
113
113
113
113
113
113
113
113
113
113
113
Other »
Psych Clincian
842
842
842
842
842
842
842
842
842
842
842
842
Other »
Equipt Rental (PT)
244
244
244
244
244
244
244
244
244
244
244
244
Page 21 of 40
Green House Financial Feasibility Model
Other »
Part A Vendors
Other »
Other OSS Therapy
Subtotal Resident Services - Short Term / Rehab
Profit Loss - Detailed
Month 13
Month 14
Month 15
Month 16
Month 17
Month 18
Month 19
Month 20
Month 21
Month 22
Month 23
Month 24
736
736
736
736
736
736
736
736
736
736
736
736
427
427
427
427
427
427
427
427
427
427
427
427
8,240
8,240
8,240
8,240
8,240
8,240
8,240
8,240
8,240
8,240
8,240
8,240
Page 22 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 13
Month 14
Month 15
Month 16
Month 17
Month 18
Month 19
Month 20
Month 21
Month 22
Month 23
Month 24
Activity Supplies
712
712
712
712
712
712
712
712
712
712
712
712
Entertainment
155
155
155
155
155
155
155
155
155
155
155
155
Life Enrichment / Activities
Other »
776
776
776
776
776
776
776
776
776
776
776
776
Other »
Spiritual Counceling
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
1,642
1,642
1,642
1,642
1,642
1,642
1,642
1,642
1,642
1,642
1,642
1,642
Subtotal Life Enrichment / Activities
Marketing
Advertising
857
857
857
857
857
857
857
857
857
857
857
857
Printing
0
0
0
0
0
0
0
0
0
0
0
0
Professional Referral Fees
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
Subtotal Marketing
0
0
0
0
0
0
0
0
0
0
0
0
857
857
857
857
857
857
857
857
857
857
857
857
Utilities
Electricity
11,008
11,008
11,008
11,008
11,008
11,008
11,008
11,008
11,008
11,008
11,008
11,008
Water / Sewer
4,119
4,119
4,119
4,119
4,119
4,119
4,119
4,119
4,119
4,119
4,119
4,119
Gas
2,852
2,852
2,852
2,852
2,852
2,852
2,852
2,852
2,852
2,852
2,852
2,852
Garbage Removal
3,184
3,184
3,184
3,184
3,184
3,184
3,184
3,184
3,184
3,184
3,184
3,184
Cable TV
Fuel Oil
Other »
Auto Fuel & Repair
Other »
Ongoing Tool Replacment
Other »
Subtotal Utilities
927
927
927
927
927
927
927
927
927
927
927
927
22,365
22,365
22,365
22,365
22,365
22,365
22,365
22,365
22,365
22,365
22,365
22,365
1,934
1,934
1,934
1,934
1,934
1,934
1,934
1,934
1,934
1,934
1,934
1,934
213
213
213
213
213
213
213
213
213
213
213
213
0
0
0
0
0
0
0
0
0
0
0
0
46,603
46,603
46,603
46,603
46,603
46,603
46,603
46,603
46,603
46,603
46,603
46,603
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
Buildings and Grounds
Maintenance and Repairs
Grounds Expenses
Snow Removal
Alarm Monitoring
0
0
0
0
0
0
0
0
0
0
0
0
936
936
936
936
936
936
936
936
936
936
936
936
56
56
56
56
56
56
56
56
56
56
56
56
Pest Control
181
181
181
181
181
181
181
181
181
181
181
181
Life Safety Maintenance
213
213
213
213
213
213
213
213
213
213
213
213
Other Contracted Services
Repair and Replacement Reserve
150
150
150
150
150
150
150
150
150
150
150
150
3,206
3,206
3,206
3,206
3,206
3,206
3,206
3,206
3,206
3,206
3,206
3,206
Other »
Maint Supplies
720
720
720
720
720
720
720
720
720
720
720
720
Other »
HVAC Contract
8,219
8,219
8,219
8,219
8,219
8,219
8,219
8,219
8,219
8,219
8,219
8,219
Other »
Shredding Bins
239
239
239
239
239
239
239
239
239
239
239
239
Other »
Uniforms
136
136
136
136
136
136
136
136
136
136
136
136
15,703
15,703
15,703
15,703
15,703
15,703
15,703
15,703
15,703
15,703
15,703
15,703
Subtotal Buildings and Grounds
Page 23 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Month 13
Month 14
Month 15
Month 16
Month 17
Month 18
Month 19
Month 20
Month 21
Month 22
Month 23
Month 24
Other Expenses
Professional Liability Insurance
4,908
4,908
4,908
4,908
4,908
4,908
4,908
4,908
4,908
4,908
4,908
4,908
Property Insurance
0
0
0
0
0
0
0
0
0
0
0
0
Medical Records and Library
0
0
0
0
0
0
0
0
0
0
0
0
Central Supply
0
0
0
0
0
0
0
0
0
0
0
0
Interest Expense [ excl mortgage interest ]
0
0
0
0
0
0
0
0
0
0
0
0
Property Taxes
0
0
0
0
0
0
0
0
0
0
0
0
Other [ Non-Property ] Taxes
0
0
0
0
0
0
0
0
0
0
0
0
63,985
63,985
63,985
63,985
63,985
63,985
63,985
63,985
63,985
63,985
63,985
63,985
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
68,893
68,893
68,893
68,893
68,893
68,893
68,893
68,893
68,893
68,893
68,893
68,893
Total Expenses
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
1,422,150
Net Operating Income (NOI)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
(399,817)
170,807
170,807
170,807
170,807
170,807
170,807
170,807
170,807
170,807
170,807
170,807
170,807
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
(229,010)
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
235,518
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(464,528)
(5,743,640)
(6,208,168)
(6,672,696)
(7,137,224)
(7,601,753)
(8,066,281)
(8,530,809)
(8,995,337)
(9,459,865)
(9,924,393)
(10,388,921)
(10,853,449)
1.78
1.78
1.78
1.78
1.78
1.78
1.78
1.78
1.78
1.78
1.78
1.78
Net Cash Flow Margin (After Debt)
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
-0.58
Debt Coverage Ratio
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
-0.97
State Assessment [ Bed Tax ]
Other »
Lease
Subtotal Other Expenses
( Before Ancillary Services / Other Business Lines )
NOI from Ancillary Services
Total Project NOI
Less Estimated Debt Service Payments
Cash Flow after Debt
Cumulative Cash Flow
Expense to Revenue Margin
Page 24 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 2
Occupancy - Long Term Care
% Occupied (before vacancy)
100%
% Occupied (after vacancy)
97%
# Beds Occupied (1st Occupants)
# Houses Occupied
126
13
% Houses Occupied
100%
Occupancy - Short Term / Rehab
% Occupied (before vacancy)
100%
% Occupied (after vacancy)
97%
# Beds Occupied
20
# Houses Occupied
2
% Houses Occupied
100%
% Beds Occupied - Project
97%
% Houses Opened - Project
100%
Revenue - Long Term Care
Private-Pay
3,184,645
Medicaid
4,635,595
Medicare
0
Other »
Medicaid TLC
Other »
Private Pay TLC
1,949,679
244,394
Other »
0
Other »
0
Admissions Fees
0
Gross Revenue
10,014,313
Less Vacancy Factor
350,501
Less Bad Debt Allowance
50,072
Net Revenue
9,613,741
Revenue - Short Term / Rehab
Private-Pay
0
Medicaid
307,400
Medicare
2,457,449
Other »
0
Other »
0
Other »
0
Other »
0
Gross Revenue
2,764,849
Less Vacancy Factor
96,770
Less Bad Debt Allowance
13,824
Net Revenue
2,654,255
Total Net Revenue ( Long Term + Rehab )
Page 25 of 40
12,267,996
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 2
Personnel Expenses
Administrative and General
Chief Executive Officer
0
Chief Financial Officer
0
Administrator
102,985
Assistant Administrator
0
Guide
0
Business Office Staff
96,836
Other Fiscal Staff
0
Human Resources Dir.
49,104
Director of Nursing
85,053
Assistant Director of Nursing
71,728
General Support
38,713
Admissions
47,518
Marketing
0
IT Technician
48,568
Other »
QAIC
Other »
Scheduler
Other »
RN Managers/Supervisors
50,496
33,336
457,299
Other »
0
Other »
0
Subtotal Administrative and General
1,081,637
Building & Grounds
Maintenance
171,036
Grounds
0
Other »
Facilities Director
59,409
Other »
Admin Asst
33,336
Other »
0
Subtotal Building & Grounds
263,781
Dietary
Head Dietician
0
Food Service Coordinator
0
Asst Food Service Coordinator
0
Other »
Dietary Aides
Other »
143,537
0
Subtotal Dietary
143,537
Housekeeping
Housekeeping - Long Term Care Houses
0
Housekeeping - Short Term / Rehab Houses
0
Housekeeping - Admin. Offices
0
Other »
Environ Srv Mngr
48,054
Other »
Environ Srv Staff
178,197
Subtotal Housekeeping
226,251
Page 26 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 2
Laundry
Laundry Staff - Long Term Care Houses
0
Laundry Staff - Short Term / Rehab Houses
0
Other »
0
Laundry Supervisor
Other »
0
Other »
0
Subtotal Laundry
0
Resident Services
Long Term Care Houses - Shahbaz
3,891,604
Long Term Care Houses - RNs
1,730,250
Long Term Care Houses - LPNs
234,720
Short Term / Rehab Houses - Shahbaz
596,418
Short Term / Rehab Houses - RNs
175,424
Short Term / Rehab Houses - LPNs
101,833
MDS Coordinator
120,274
Social Work Staff
111,165
Physical Therapist(s)
69,911
Occupational Therapist(s)
60,744
Speech Therapist(s)
74,181
Educator / Dir. Of Staff Dev.
87,667
Other »
Transport Aide
34,385
Other »
Social Serv Director
58,809
Other »
OT Director
86,703
Other »
PT Director
86,703
Other »
RPTA
102,835
Subtotal Resident Services
7,623,627
Life Enrichment / Activities
Activity Director
60,244
Assistant Activity Director
34,278
Other »
0
Other »
0
Subtotal Life Enrichment / Activities
94,523
Other Staff
Medical Records
41,691
Central Supply
0
Other »
Unit Asst
34,557
Other »
Rehab Tech
24,595
Other »
0
Other »
0
Subtotal Other Staff
100,843
Total Salaries and Wages
$9,534,198
Plus Benefits
$4,004,363
Total Personnel Costs
$13,538,561
Page 27 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 2
Expenses
Administrative
Telephone
20,283
Pagers / Cell Phones
0
License or Permit
0
Legal
8,732
Audit
41,196
Accounting
6,693
Office Supplies
15,333
Computer / Technology
0
Conference / Travel
48,315
Green House Core Training
157,127
Other Inservice Training / Education
Mileage Reimbursement
16,983
0
Personnel Recruiting / Advertising
Printing/ Duplicating / Forms
2,892
7,880
Green House Membership Dues
10,043
Other Dues / Memberships
15,629
Postage / Delivery
3,319
Equipment
593
Medical Director
43,977
Other »
Copy & Postage Mach lease
Other »
Employee physicals
10,438
6,267
Other »
0
Other »
0
Other »
0
Other »
0
Subtotal Administrative
415,698
Management / Corporate Fees
Operating / Corporate Fee [ flat fee ]
0
Operating / Corporate Fee [ % rev ]
0
Management Fee [ % rev ]
0
Other [flat fee] »
0
Other [ % rev ] »
0
Subtotal Management / Corporate Fees
0
Dietary
Raw Food [ per elder per day ]
354,305
Supplies [ per elder ]
58,826
Equipment [ per elder ]
3,471
Dietary Supplement [ per elder ]
24,833
Dietary Consultant
90,141
Contracted Svcs / Temp Personnel
72,417
Staff Meals
57,493
Guest Meals
0
Other »
Food Srv Mngmnt Fee
Other »
Uniform Tops
15,685
556
Other »
0
Other »
0
Subtotal Dietary
677,727
Page 28 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 2
Housekeeping and Laundry - Long Term Care
Housekeeping Supplies [ per elder ]
33,151
Laundry Supplies [ per elder ]
13,769
Linen and Bedding [ per elder ]
14,637
Equipment [ per elder ]
713
Contracted Services / Temp Personnel [ per elder ]
8,171
Other »
Food Srv Mngmnt Fee
5,163
Other »
Uniform Tops
Other »
465
0
Subtotal Housekeeping and Laundry - Long Term Care
76,071
Housekeeping and Laundry - Short Term / Rehab
Housekeeping Supplies [ per elder ]
5,100
Laundry Supplies [ per elder ]
2,118
Linen and Bedding [ per elder ]
2,252
Equipment [ per elder ]
110
Contracted Services / Temp Personnel [ per elder ]
Other »
1,257
794
Other »
Drapery Replacement
Other »
Uniform Tops
Subtotal Housekeeping and Laundry - Short Term / Rehab
72
0
11,703
Resident Services - Long Term Care
Care Supplies [ per elder ]
258,339
Medications [ per elder ]
160,793
Transportation [ per elder ]
0
Physical Therapy Services or Supplies [ per elder ]
6,574
Occ. Therapy Services or Supplies [ per elder ]
2,962
Speech Therapy Services or Supplies [ per elder ]
Dental Supplies [ per elder ]
419
18,731
Social Work Supplies [ per elder ]
775
Equipment [ per elder ]
9,924
Other »
Vaccinations
8,823
Other »
Psych Clincian
65,651
Other »
Equipt Rental (PT)
18,994
Other »
Part A Vendors
57,433
Other »
Other OSS Therapy
Subtotal Resident Services - Long Term Care
33,337
642,754
Resident Services - Short Term / Rehab
Care Supplies [ per elder ]
39,744
Medications [ per elder ]
24,737
Transportation [ per elder ]
0
Physical Therapy Supplies [ per elder ]
Occupational Therapy Supplies [ per elder ]
Speech Therapy Supplies [ per elder ]
Dental Supplies [ per elder ]
1,011
456
64
2,882
Social Work Supplies [ per elder ]
119
Equipment [ per elder ]
1,527
Other »
Vaccinations
1,357
Other »
Psych Clincian
Other »
Equipt Rental (PT)
Page 29 of 40
10,100
2,922
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 2
Other »
Part A Vendors
Other »
Other OSS Therapy
Subtotal Resident Services - Short Term / Rehab
Page 30 of 40
8,836
5,129
98,885
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 2
Life Enrichment / Activities
Activity Supplies
8,547
Entertainment
1,854
Other »
Spiritual Counceling
9,307
Other »
0
Other »
0
Subtotal Life Enrichment / Activities
19,708
Marketing
Advertising
10,290
Printing
0
Professional Referral Fees
0
Other »
0
Other »
0
Other »
0
Subtotal Marketing
10,290
Utilities
Electricity
132,098
Water / Sewer
49,428
Gas
34,225
Garbage Removal
38,211
Cable TV
11,124
Fuel Oil
268,385
Other »
Auto Fuel & Repair
Other »
Ongoing Tool Replacment
Other »
23,212
2,559
0
Subtotal Utilities
559,241
Buildings and Grounds
Maintenance and Repairs
19,764
Grounds Expenses
0
Snow Removal
11,235
Alarm Monitoring
667
Pest Control
2,169
Life Safety Maintenance
2,559
Other Contracted Services
1,798
Repair and Replacement Reserve
38,471
Other »
Maint Supplies
8,640
Other »
HVAC Contract
98,633
Other »
Shredding Bins
2,874
Other »
Uniforms
1,632
Subtotal Buildings and Grounds
188,441
Page 31 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Total Yr. 2
Other Expenses
Professional Liability Insurance
58,902
Property Insurance
0
Medical Records and Library
0
Central Supply
0
Interest Expense [ excl mortgage interest ]
0
Property Taxes
0
Other [ Non-Property ] Taxes
0
State Assessment [ Bed Tax ]
Other »
767,816
Lease
0
Other »
0
Other »
0
Other »
0
Other »
0
Subtotal Other Expenses
826,717
Total Expenses
17,065,796
Net Operating Income (NOI)
(4,797,799)
( Before Ancillary Services / Other Business Lines )
NOI from Ancillary Services
2,049,684
Total Project NOI
(2,748,116)
Less Estimated Debt Service Payments
Cash Flow after Debt
2,826,221
(5,574,337)
n/a
Cumulative Cash Flow
Expense to Revenue Margin
1.78
Net Cash Flow Margin (After Debt)
-0.58
Debt Coverage Ratio
-0.97
Page 32 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
1
100%
100%
100%
100%
100%
100%
100%
100%
100%
% Occupied (after vacancy)
n/a
97%
97%
97%
97%
97%
97%
97%
97%
97%
# Beds Occupied (1st Occupants)
126
126
126
126
126
126
126
126
126
126
# Houses Occupied
13
13
13
13
13
13
13
13
13
13
% Houses Occupied
1
100%
100%
100%
100%
100%
100%
100%
100%
100%
Occupancy - Long Term Care
% Occupied (before vacancy)
Occupancy - Short Term / Rehab
% Occupied (before vacancy)
1
100%
100%
100%
100%
100%
100%
100%
100%
100%
% Occupied (after vacancy)
n/a
97%
97%
97%
97%
97%
97%
97%
97%
97%
# Beds Occupied
20
20
20
20
20
20
20
20
20
20
# Houses Occupied
2
2
2
2
2
2
2
2
2
2
% Houses Occupied
1
100%
100%
100%
100%
100%
100%
100%
100%
100%
% Beds Occupied - Project
n/a
97%
97%
97%
97%
97%
97%
97%
97%
97%
% Houses Opened - Project
n/a
100%
100%
100%
100%
100%
100%
100%
100%
100%
Private-Pay
3,091,889
3,184,645
3,280,185
3,378,590
3,479,948
3,584,347
3,691,877
3,802,633
3,916,712
4,034,214
Medicaid
4,635,595
4,635,595
4,635,595
4,635,595
4,635,595
4,635,595
4,635,595
4,635,595
4,635,595
4,635,595
Medicare
0
0
0
0
0
0
0
0
0
0
1,949,679
1,949,679
1,949,679
1,949,679
1,949,679
1,949,679
1,949,679
1,949,679
1,949,679
1,949,679
Revenue - Long Term Care
Other »
Medicaid TLC
Other »
Private Pay TLC
237,276
244,394
251,726
259,278
267,056
275,068
283,320
291,820
300,574
309,591
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
Admissions Fees
Gross Revenue
Less Vacancy Factor
Less Bad Debt Allowance
Net Revenue
0
0
0
0
0
0
0
0
0
0
9,914,438
10,014,313
10,117,184
10,223,142
10,332,278
10,444,688
10,560,470
10,679,726
10,802,560
10,929,078
347,005
350,501
354,101
357,810
361,630
365,564
369,616
373,790
378,090
382,518
49,572
50,072
50,586
51,116
51,661
52,223
52,802
53,399
54,013
54,645
9,517,861
9,613,741
9,712,497
9,814,216
9,918,987
10,026,900
10,138,051
10,252,537
10,370,457
10,491,915
0
0
0
0
0
0
0
0
0
0
Revenue - Short Term / Rehab
Private-Pay
Medicaid
307,400
307,400
307,400
307,400
307,400
307,400
307,400
307,400
307,400
307,400
Medicare
2,409,264
2,457,449
2,506,598
2,556,730
2,607,865
2,660,022
2,713,223
2,767,487
2,822,837
2,879,294
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
2,716,664
2,764,849
2,813,998
2,864,130
2,915,265
2,967,422
3,020,623
3,074,887
3,130,237
3,186,694
95,083
96,770
98,490
100,245
102,034
103,860
105,722
107,621
109,558
111,534
Gross Revenue
Less Vacancy Factor
Less Bad Debt Allowance
Net Revenue
Total Net Revenue ( Long Term + Rehab )
13,583
13,824
14,070
14,321
14,576
14,837
15,103
15,374
15,651
15,933
2,607,998
2,654,255
2,701,439
2,749,565
2,798,654
2,848,725
2,899,798
2,951,892
3,005,027
3,059,226
12,125,858
12,267,996
12,413,935
12,563,781
12,717,641
12,875,626
13,037,849
13,204,429
13,375,485
13,551,141
Page 33 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Chief Executive Officer
0
0
0
0
0
0
0
0
0
0
Chief Financial Officer
0
0
0
0
0
0
0
0
0
0
99,986
102,985
106,075
109,257
112,535
115,911
119,388
122,970
126,659
130,459
Assistant Administrator
0
0
0
0
0
0
0
0
0
0
Guide
0
0
0
0
0
0
0
0
0
0
94,016
96,836
99,742
102,734
105,816
108,990
112,260
115,628
119,097
122,670
0
0
0
0
0
0
0
0
0
0
Human Resources Dir.
47,674
49,104
50,577
52,094
53,657
55,267
56,925
58,633
60,391
62,203
Director of Nursing
82,576
85,053
87,605
90,233
92,940
95,728
98,600
101,558
104,605
107,743
Assistant Director of Nursing
69,638
71,728
73,879
76,096
78,379
80,730
83,152
85,646
88,216
90,862
General Support
37,586
38,713
39,875
41,071
42,303
43,572
44,879
46,226
47,612
49,041
Admissions
46,134
47,518
48,944
50,412
51,925
53,482
55,087
56,739
58,442
60,195
0
0
0
0
0
0
0
0
0
0
47,154
48,568
50,025
51,526
53,072
54,664
56,304
57,993
59,733
61,525
63,967
Personnel Expenses
Administrative and General
Administrator
Business Office Staff
Other Fiscal Staff
Marketing
IT Technician
Other »
QAIC
49,026
50,496
52,011
53,572
55,179
56,834
58,539
60,295
62,104
Other »
Scheduler
32,365
33,336
34,336
35,366
36,427
37,520
38,645
39,805
40,999
42,229
Other »
RN Managers/Supervisors
443,979
457,299
471,018
485,148
499,703
514,694
530,135
546,039
562,420
579,293
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
1,050,133
1,081,637
1,114,086
1,147,509
1,181,934
1,217,392
1,253,914
1,291,531
1,330,277
1,370,185
166,055
171,036
176,167
181,452
186,896
192,503
198,278
204,226
210,353
216,664
0
0
0
0
0
0
0
0
0
0
Subtotal Administrative and General
Building & Grounds
Maintenance
Grounds
Other »
Facilities Director
57,678
59,409
61,191
63,027
64,918
66,865
68,871
70,937
73,065
75,257
Other »
Admin Asst
32,365
33,336
34,336
35,366
36,427
37,520
38,645
39,805
40,999
42,229
0
0
0
0
0
0
0
0
0
0
256,098
263,781
271,694
279,845
288,240
296,888
305,794
314,968
324,417
334,150
Head Dietician
0
0
0
0
0
0
0
0
0
0
Food Service Coordinator
0
0
0
0
0
0
0
0
0
0
Asst Food Service Coordinator
0
0
0
0
0
0
0
0
0
0
139,356
143,537
147,843
152,278
156,846
161,552
166,398
171,390
176,532
181,828
0
0
0
0
0
0
0
0
0
0
139,356
143,537
147,843
152,278
156,846
161,552
166,398
171,390
176,532
181,828
Housekeeping - Long Term Care Houses
0
0
0
0
0
0
0
0
0
0
Housekeeping - Short Term / Rehab Houses
0
0
0
0
0
0
0
0
0
0
Housekeeping - Admin. Offices
0
0
0
0
0
0
0
0
0
0
Other »
Subtotal Building & Grounds
Dietary
Other »
Dietary Aides
Other »
Subtotal Dietary
Housekeeping
Other »
Environ Srv Mngr
46,654
48,054
49,496
50,981
52,510
54,085
55,708
57,379
59,100
60,873
Other »
Environ Srv Staff
173,007
178,197
183,543
189,050
194,721
200,563
206,580
212,777
219,160
225,735
219,662
226,251
233,039
240,030
247,231
254,648
262,287
270,156
278,261
286,608
Subtotal Housekeeping
Page 34 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Laundry Staff - Long Term Care Houses
0
0
0
0
0
0
0
0
0
0
Laundry Staff - Short Term / Rehab Houses
0
0
0
0
0
0
0
0
0
0
Other »
Laundry
0
0
0
0
0
0
0
0
0
0
Other »
Laundry Supervisor
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Long Term Care Houses - Shahbaz
3,778,256
3,891,604
4,008,352
4,128,603
4,252,461
4,380,035
4,511,436
4,646,779
4,786,182
4,929,768
Long Term Care Houses - RNs
1,679,854
1,730,250
1,782,158
1,835,622
1,890,691
1,947,412
2,005,834
2,066,009
2,127,989
2,191,829
Long Term Care Houses - LPNs
227,883
234,720
241,761
249,014
256,485
264,179
272,105
280,268
288,676
297,336
Short Term / Rehab Houses - Shahbaz
579,046
596,418
614,310
632,740
651,722
671,273
691,412
712,154
733,519
755,524
Short Term / Rehab Houses - RNs
170,315
175,424
180,687
186,108
191,691
197,442
203,365
209,466
215,750
222,222
Subtotal Laundry
Resident Services
Short Term / Rehab Houses - LPNs
98,867
101,833
104,888
108,035
111,276
114,614
118,053
121,594
125,242
129,000
MDS Coordinator
116,771
120,274
123,883
127,599
131,427
135,370
139,431
143,614
147,922
152,360
Social Work Staff
107,927
111,165
114,500
117,935
121,473
125,117
128,871
132,737
136,719
140,820
Physical Therapist(s)
67,875
69,911
72,009
74,169
76,394
78,686
81,046
83,478
85,982
88,562
Occupational Therapist(s)
58,975
60,744
62,567
64,444
66,377
68,368
70,419
72,532
74,708
76,949
Speech Therapist(s)
72,020
74,181
76,406
78,698
81,059
83,491
85,996
88,575
91,233
93,970
Educator / Dir. Of Staff Dev.
85,114
87,667
90,297
93,006
95,796
98,670
101,630
104,679
107,819
111,054
Other »
Transport Aide
33,383
34,385
35,416
36,479
37,573
38,700
39,861
41,057
42,289
43,557
Other »
Social Serv Director
57,096
58,809
60,573
62,390
64,262
66,190
68,176
70,221
72,328
74,497
Other »
OT Director
84,178
86,703
89,304
91,983
94,743
97,585
100,512
103,528
106,634
109,833
Other »
PT Director
84,178
86,703
89,304
91,983
94,743
97,585
100,512
103,528
106,634
109,833
Other »
RPTA
99,840
102,835
105,920
109,098
112,371
115,742
119,214
122,791
126,474
130,269
7,401,579
7,623,627
7,852,335
8,087,905
8,330,543
8,580,459
8,837,873
9,103,009
9,376,099
9,657,382
Activity Director
58,490
60,244
62,052
63,913
65,831
67,805
69,840
71,935
74,093
76,316
Assistant Activity Director
33,280
34,278
35,307
36,366
37,457
38,581
39,738
40,930
42,158
43,423
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
91,770
94,523
97,358
100,279
103,287
106,386
109,578
112,865
116,251
119,739
40,477
41,691
42,942
44,230
45,557
46,924
48,331
49,781
51,275
52,813
0
0
0
0
0
0
0
0
0
0
Subtotal Resident Services
Life Enrichment / Activities
Subtotal Life Enrichment / Activities
Other Staff
Medical Records
Central Supply
Other »
Unit Asst
33,550
34,557
35,594
36,661
37,761
38,894
40,061
41,263
42,501
43,776
Other »
Rehab Tech
23,878
24,595
25,333
26,093
26,875
27,682
28,512
29,367
30,248
31,156
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
97,906
100,843
103,868
106,984
110,194
113,499
116,904
120,412
124,024
127,745
$9,256,503
$9,534,198
$9,820,224
$10,114,831
$10,418,276
$10,730,824
$11,052,749
$11,384,331
$11,725,861
$12,077,637
Subtotal Other Staff
Total Salaries and Wages
Plus Benefits
Total Personnel Costs
$3,887,731
$4,004,363
$4,124,494
$4,248,229
$4,375,676
$4,506,946
$4,642,154
$4,781,419
$4,924,862
$5,072,607
$13,144,234
$13,538,561
$13,944,718
$14,363,060
$14,793,951
$15,237,770
$15,694,903
$16,165,750
$16,650,723
$17,150,244
Page 35 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
19,692
20,283
20,891
21,518
22,164
22,828
23,513
24,219
24,945
25,694
Pagers / Cell Phones
0
0
0
0
0
0
0
0
0
0
License or Permit
0
0
0
0
0
0
0
0
0
0
Legal
8,478
8,732
8,994
9,264
9,542
9,828
10,123
10,427
10,740
11,062
Audit
39,996
41,196
42,432
43,705
45,016
46,366
47,757
49,190
50,666
52,186
6,498
6,693
6,894
7,101
7,314
7,533
7,759
7,992
8,231
8,478
14,886
15,333
15,793
16,266
16,754
17,257
17,775
18,308
18,857
19,423
0
0
0
0
0
0
0
0
0
0
46,908
48,315
49,765
51,258
52,795
54,379
56,011
57,691
59,422
61,204
152,550
157,127
161,841
166,696
171,697
176,848
182,153
187,618
193,246
199,044
16,488
16,983
17,492
18,017
18,557
19,114
19,688
20,278
20,887
21,513
0
0
0
0
0
0
0
0
0
0
Personnel Recruiting / Advertising
2,808
2,892
2,979
3,068
3,160
3,255
3,353
3,453
3,557
3,664
Printing/ Duplicating / Forms
7,650
7,880
8,116
8,359
8,610
8,868
9,135
9,409
9,691
9,982
Green House Membership Dues
9,750
10,043
10,344
10,654
10,974
11,303
11,642
11,991
12,351
12,722
15,174
15,629
16,098
16,581
17,078
17,591
18,119
18,662
19,222
19,799
3,222
3,319
3,418
3,521
3,626
3,735
3,847
3,963
4,082
4,204
576
593
611
629
648
668
688
708
730
752
42,696
43,977
45,296
46,655
48,055
49,496
50,981
52,511
54,086
55,709
10,134
10,438
10,751
11,074
11,406
11,748
12,101
12,464
12,837
13,223
Expenses
Administrative
Telephone
Accounting
Office Supplies
Computer / Technology
Conference / Travel
Green House Core Training
Other Inservice Training / Education
Mileage Reimbursement
Other Dues / Memberships
Postage / Delivery
Equipment
Medical Director
Other »
Copy & Postage Mach lease
Other »
Employee physicals
6,084
6,267
6,455
6,648
6,848
7,053
7,265
7,483
7,707
7,938
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
403,590
415,698
428,169
441,014
454,244
467,872
481,908
496,365
511,256
526,594
Operating / Corporate Fee [ flat fee ]
0
0
0
0
0
0
0
0
0
0
Operating / Corporate Fee [ % rev ]
0
0
0
0
0
0
0
0
0
0
Management Fee [ % rev ]
0
0
0
0
0
0
0
0
0
0
Other [flat fee] »
0
0
0
0
0
0
0
0
0
0
Other [ % rev ] »
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
343,985
354,305
364,934
375,882
387,159
398,773
410,737
423,059
435,750
448,823
57,113
58,826
60,591
62,408
64,281
66,209
68,195
70,241
72,348
74,519
3,370
3,471
3,575
3,682
3,793
3,906
4,024
4,144
4,269
4,397
Dietary Supplement [ per elder ]
24,110
24,833
25,578
26,345
27,136
27,950
28,788
29,652
30,541
31,458
Dietary Consultant
87,516
90,141
92,846
95,631
98,500
101,455
104,499
107,634
110,863
114,189
Contracted Svcs / Temp Personnel
70,308
72,417
74,590
76,827
79,132
81,506
83,951
86,470
89,064
91,736
Staff Meals
55,818
57,493
59,217
60,994
62,824
64,708
66,650
68,649
70,709
72,830
Subtotal Administrative
Management / Corporate Fees
Subtotal Management / Corporate Fees
Dietary
Raw Food [ per elder per day ]
Supplies [ per elder ]
Equipment [ per elder ]
Guest Meals
Other »
Food Srv Mngmnt Fee
Other »
Uniform Tops
0
0
0
0
0
0
0
0
0
0
15,228
15,685
16,155
16,640
17,139
17,653
18,183
18,729
19,290
19,869
540
556
573
590
608
626
645
664
684
705
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
657,987
677,727
698,059
719,000
740,571
762,788
785,671
809,241
833,519
858,524
Subtotal Dietary
Page 36 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Housekeeping Supplies [ per elder ]
32,185
33,151
34,146
35,170
36,225
37,312
38,431
39,584
40,772
41,995
Laundry Supplies [ per elder ]
13,368
13,769
14,182
14,608
15,046
15,497
15,962
16,441
16,934
17,442
Linen and Bedding [ per elder ]
14,211
14,637
15,076
15,529
15,995
16,474
16,969
17,478
18,002
18,542
692
713
735
757
779
803
827
852
877
904
Contracted Services / Temp Personnel [ per elder ]
7,933
8,171
8,417
8,669
8,929
9,197
9,473
9,757
10,050
10,351
Other »
Food Srv Mngmnt Fee
5,013
5,163
5,318
5,478
5,642
5,811
5,986
6,165
6,350
6,541
Other »
Uniform Tops
452
465
479
493
508
524
539
555
572
589
Housekeeping and Laundry - Long Term Care
Equipment [ per elder ]
Other »
0
0
0
0
0
0
0
0
0
0
73,855
76,071
78,353
80,703
83,124
85,618
88,187
90,832
93,557
96,364
Housekeeping Supplies [ per elder ]
4,952
5,100
5,253
5,411
5,573
5,740
5,912
6,090
6,273
6,461
Laundry Supplies [ per elder ]
2,057
2,118
2,182
2,247
2,315
2,384
2,456
2,529
2,605
2,683
Linen and Bedding [ per elder ]
2,186
2,252
2,319
2,389
2,461
2,535
2,611
2,689
2,770
2,853
107
110
113
116
120
124
127
131
135
139
1,221
1,257
1,295
1,334
1,374
1,415
1,457
1,501
1,546
1,593
771
794
818
843
868
894
921
949
977
1,006
69
72
74
76
78
81
83
85
88
91
0
0
0
0
0
0
0
0
0
0
11,362
11,703
12,054
12,416
12,788
13,172
13,567
13,974
14,393
14,825
Care Supplies [ per elder ]
250,815
258,339
266,089
274,072
282,294
290,763
299,486
308,470
317,725
327,256
Medications [ per elder ]
156,110
160,793
165,617
170,586
175,703
180,974
186,403
191,996
197,755
203,688
Subtotal Housekeeping and Laundry - Long Term Care
Housekeeping and Laundry - Short Term / Rehab
Equipment [ per elder ]
Contracted Services / Temp Personnel [ per elder ]
Other »
Other »
Drapery Replacement
Other »
Uniform Tops
Subtotal Housekeeping and Laundry - Short Term / Rehab
Resident Services - Long Term Care
Transportation [ per elder ]
0
0
0
0
0
0
0
0
0
0
Physical Therapy Services or Supplies [ per elder ]
6,383
6,574
6,772
6,975
7,184
7,400
7,622
7,850
8,086
8,328
Occ. Therapy Services or Supplies [ per elder ]
2,875
2,962
3,050
3,142
3,236
3,333
3,433
3,536
3,642
3,752
Speech Therapy Services or Supplies [ per elder ]
406
419
431
444
457
471
485
500
515
530
18,185
18,731
19,293
19,871
20,468
21,082
21,714
22,366
23,037
23,728
753
775
799
822
847
873
899
926
953
982
Equipment [ per elder ]
9,635
9,924
10,221
10,528
10,844
11,169
11,504
11,849
12,205
12,571
Other »
Vaccinations
8,566
8,823
9,087
9,360
9,641
9,930
10,228
10,535
10,851
11,176
Other »
Psych Clincian
63,739
65,651
67,620
69,649
71,738
73,891
76,107
78,390
80,742
83,164
Other »
Equipt Rental (PT)
18,441
18,994
19,564
20,151
20,756
21,378
22,020
22,680
23,361
24,062
Other »
Part A Vendors
55,760
57,433
59,156
60,930
62,758
64,641
66,580
68,578
70,635
72,754
Other »
Other OSS Therapy
Dental Supplies [ per elder ]
Social Work Supplies [ per elder ]
32,366
33,337
34,337
35,367
36,428
37,521
38,647
39,806
41,000
42,230
624,033
642,754
662,037
681,898
702,355
723,426
745,129
767,482
790,507
814,222
Care Supplies [ per elder ]
38,587
39,744
40,937
42,165
43,430
44,733
46,075
47,457
48,881
50,347
Medications [ per elder ]
24,017
24,737
25,480
26,244
27,031
27,842
28,677
29,538
30,424
31,337
Subtotal Resident Services - Long Term Care
Resident Services - Short Term / Rehab
Transportation [ per elder ]
0
0
0
0
0
0
0
0
0
0
Physical Therapy Supplies [ per elder ]
982
1,011
1,042
1,073
1,105
1,138
1,173
1,208
1,244
1,281
Occupational Therapy Supplies [ per elder ]
442
456
469
483
498
513
528
544
560
577
Speech Therapy Supplies [ per elder ]
Dental Supplies [ per elder ]
Social Work Supplies [ per elder ]
63
64
66
68
70
72
75
77
79
82
2,798
2,882
2,968
3,057
3,149
3,243
3,341
3,441
3,544
3,650
116
119
123
127
130
134
138
142
147
151
Equipment [ per elder ]
1,482
1,527
1,573
1,620
1,668
1,718
1,770
1,823
1,878
1,934
Other »
Vaccinations
1,318
1,357
1,398
1,440
1,483
1,528
1,574
1,621
1,669
1,719
Other »
Psych Clincian
9,806
10,100
10,403
10,715
11,037
11,368
11,709
12,060
12,422
12,795
Other »
Equipt Rental (PT)
2,837
2,922
3,010
3,100
3,193
3,289
3,388
3,489
3,594
3,702
Page 37 of 40
Green House Financial Feasibility Model
Other »
Part A Vendors
Other »
Other OSS Therapy
Subtotal Resident Services - Short Term / Rehab
Profit Loss - Detailed
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
8,578
8,836
9,101
9,374
9,655
9,945
10,243
10,550
10,867
11,193
4,979
5,129
5,283
5,441
5,604
5,772
5,946
6,124
6,308
6,497
96,005
98,885
101,852
104,907
108,055
111,296
114,635
118,074
121,616
125,265
Page 38 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Activity Supplies
8,298
8,547
8,803
9,067
9,339
9,620
9,908
10,205
10,512
10,827
Entertainment
1,800
1,854
1,910
1,967
2,026
2,087
2,149
2,214
2,280
2,349
Life Enrichment / Activities
Other »
9,036
9,307
9,586
9,874
10,170
10,475
10,789
11,113
11,447
11,790
Other »
Spiritual Counceling
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
19,134
19,708
20,299
20,908
21,535
22,182
22,847
23,532
24,238
24,966
Subtotal Life Enrichment / Activities
Marketing
Advertising
9,990
10,290
10,598
10,916
11,244
11,581
11,929
12,286
12,655
13,035
Printing
0
0
0
0
0
0
0
0
0
0
Professional Referral Fees
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
Other »
Subtotal Marketing
0
0
0
0
0
0
0
0
0
0
9,990
10,290
10,598
10,916
11,244
11,581
11,929
12,286
12,655
13,035
Utilities
Electricity
128,250
132,098
136,060
140,142
144,347
148,677
153,137
157,731
162,463
167,337
Water / Sewer
47,988
49,428
50,910
52,438
54,011
55,631
57,300
59,019
60,790
62,613
Gas
33,228
34,225
35,252
36,309
37,398
38,520
39,676
40,866
42,092
43,355
Garbage Removal
37,098
38,211
39,357
40,538
41,754
43,007
44,297
45,626
46,995
48,404
Cable TV
Fuel Oil
Other »
Auto Fuel & Repair
Other »
Ongoing Tool Replacment
Other »
Subtotal Utilities
10,800
11,124
11,458
11,801
12,155
12,520
12,896
13,283
13,681
14,092
260,568
268,385
276,437
284,730
293,272
302,070
311,132
320,466
330,080
339,982
22,536
23,212
23,908
24,626
25,364
26,125
26,909
27,716
28,548
29,404
2,484
2,559
2,635
2,714
2,796
2,880
2,966
3,055
3,147
3,241
0
0
0
0
0
0
0
0
0
0
542,952
559,241
576,018
593,298
611,097
629,430
648,313
667,762
687,795
708,429
19,188
19,764
20,357
20,967
21,596
22,244
22,911
23,599
24,307
25,036
Buildings and Grounds
Maintenance and Repairs
Grounds Expenses
Snow Removal
Alarm Monitoring
0
0
0
0
0
0
0
0
0
0
10,908
11,235
11,572
11,919
12,277
12,645
13,025
13,415
13,818
14,232
648
667
687
708
729
751
774
797
821
845
Pest Control
2,106
2,169
2,234
2,301
2,370
2,441
2,515
2,590
2,668
2,748
Life Safety Maintenance
2,484
2,559
2,635
2,714
2,796
2,880
2,966
3,055
3,147
3,241
Other Contracted Services
Repair and Replacement Reserve
1,746
1,798
1,852
1,908
1,965
2,024
2,085
2,147
2,212
2,278
37,350
38,471
39,625
40,813
42,038
43,299
44,598
45,936
47,314
48,733
Other »
Maint Supplies
8,388
8,640
8,899
9,166
9,441
9,724
10,016
10,316
10,626
10,944
Other »
HVAC Contract
95,760
98,633
101,592
104,640
107,779
111,012
114,342
117,773
121,306
124,945
Other »
Shredding Bins
2,790
2,874
2,960
3,049
3,140
3,234
3,331
3,431
3,534
3,640
Other »
Uniforms
1,584
1,632
1,680
1,731
1,783
1,836
1,891
1,948
2,007
2,067
182,952
188,441
194,094
199,917
205,914
212,092
218,454
225,008
231,758
238,711
Subtotal Buildings and Grounds
Page 39 of 40
Green House Financial Feasibility Model
Profit Loss - Detailed
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Other Expenses
Professional Liability Insurance
57,186
58,902
60,669
62,489
64,363
66,294
68,283
70,332
72,442
74,615
Property Insurance
0
0
0
0
0
0
0
0
0
0
Medical Records and Library
0
0
0
0
0
0
0
0
0
0
Central Supply
0
0
0
0
0
0
0
0
0
0
Interest Expense [ excl mortgage interest ]
0
0
0
0
0
0
0
0
0
0
Property Taxes
0
0
0
0
0
0
0
0
0
0
Other [ Non-Property ] Taxes
0
0
0
0
0
0
0
0
0
0
745,452
767,816
790,850
814,576
839,013
864,183
890,109
916,812
944,316
972,646
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
Other »
0
0
0
0
0
0
0
0
0
0
802,638
826,717
851,519
877,064
903,376
930,477
958,392
987,143
1,016,758
1,047,261
Total Expenses
16,568,734
17,065,796
17,577,769
18,105,103
18,648,256
19,207,703
19,783,934
20,377,452
20,988,776
21,618,439
Net Operating Income (NOI)
(4,442,875)
(4,797,799)
(5,163,834)
(5,541,321)
(5,930,615)
(6,332,078)
(6,746,085)
(7,173,024)
(7,613,291)
(8,067,298)
1,989,984
2,049,684
2,111,174
2,174,509
2,239,745
2,306,937
2,376,145
2,447,429
2,520,852
2,596,478
(2,452,891)
(2,748,116)
(3,052,660)
(3,366,812)
(3,690,870)
(4,025,141)
(4,369,940)
(4,725,594)
(5,092,439)
(5,470,820)
2,826,221
2,826,221
2,826,221
2,826,221
2,826,221
2,826,221
2,826,221
2,826,221
2,826,221
2,826,221
Cash Flow after Debt
(5,279,112)
(5,574,337)
(5,878,881)
(6,193,033)
(6,517,091)
(6,851,362)
(7,196,161)
(7,551,815)
(7,918,660)
(8,297,041)
Cumulative Cash Flow
(5,279,112)
(10,853,449)
(16,732,330)
(22,925,363)
(29,442,454)
(36,293,815)
(43,489,976)
(51,041,791)
(58,960,451)
(67,257,493)
1.74
1.78
1.81
1.84
1.88
1.92
1.95
1.99
2.02
2.06
Net Cash Flow Margin (After Debt)
-0.55
-0.58
-0.61
-0.63
-0.66
-0.68
-0.71
-0.74
-0.76
-0.79
Debt Coverage Ratio
-0.87
-0.97
-1.08
-1.19
-1.31
-1.42
-1.55
-1.67
-1.80
-1.94
State Assessment [ Bed Tax ]
Other »
Lease
Subtotal Other Expenses
( Before Ancillary Services / Other Business Lines )
NOI from Ancillary Services
Total Project NOI
Less Estimated Debt Service Payments
Expense to Revenue Margin
Page 40 of 40