← 1432 Sara Ave, Akron, Ohio 44305 · All properties
UPDATES.md
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| Property | 1432 Sara Ave, Akron, Ohio 44305 |
|---|---|
| Folder | README & Property Snapshot |
| Kind | Text |
| Updated | 2026-07-15 |
| Dropbox path | 00 - README & Property Snapshot/UPDATES.md |
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## 2026-07-14
- Property Update (07/14/2026):
Hi everyone,
This month's update includes the current reviewed financial summary from the guarded monthly workflow.
Financial summary from FINANCIALS.md:
Financial data is shown as of 2026-06.
## Cash Flow Snapshot (2026-06)
Revenue: $1,035.00
Operating Expenses: -$388.28
NOI: $646.72
Net Operating Cashflow: $646.72
## Monthly Cash Position (2026-06)
Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current complete DAO-attributed total of Column E across every row in the property-split ECO Systems GL, including accruals.
Lofty Operating Cash: $2,976.81 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$339.73 (ECO Systems General Ledger Column E (142 rows))
## 2026-07-14
- Property Update (07/14/2026):
This month's update includes the current reviewed financial summary from the guarded monthly workflow.
Financial summary from FINANCIALS.md:
Financial data is shown as of 2026-06.
## Cash Flow Snapshot (2026-06)
Revenue: $1,035.00
Operating Expenses: -$388.28
NOI: $646.72
Net Operating Cashflow: $646.72
## Monthly Cash Position (2026-06)
Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current complete DAO-attributed total of Column E across every row in the property-split ECO Systems GL, including accruals.
Lofty Operating Cash: $2,976.81 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$339.73 (ECO Systems General Ledger Column E (142 rows))
Financial summary:
- Lofty-held current maintenance reserve: $2,976.81
- ECO GL Column E sum: -$339.73 (142 rows)
- Property Update (07/14/2026):
Hi everyone,
This month's update includes the current reviewed financial summary from the guarded monthly workflow.
Financial summary from FINANCIALS.md:
Financial data is shown as of 2026-06.
## Cash Flow Snapshot (2026-06)
Revenue: $1,035.00
Operating Expenses: -$388.28
NOI: $646.72
Net Operating Cashflow: $646.72
## Monthly Cash Position (2026-06)
Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current complete DAO-attributed total of Column E across every row in the property-split ECO Systems GL, including accruals.
Lofty Operating Cash: $2,976.81 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$339.73 (ECO Systems General Ledger Column E (142 rows))
# Property Updates
## 2026-07-12
- Property Update (07/12/2026):
Hi everyone,
This month's update includes the current reviewed financial summary from the guarded monthly workflow.
Financial summary from FINANCIALS.md:
## Cash Flow Snapshot (2026-04)
**Source:** Cash Flow Statement, month `2026-04`
**Updated:** 2026-05-18
| Metric | Amount |
|---|---:|
| Revenue | $1,057.50 |
| Operating Expenses | -$132.54 |
| NOI | $924.96 |
| Loan/CapEx/Retained Earnings | $0.00 |
| Net Operating Cashflow | $924.96 |
| Rents | $1,057.50 |
| Property Management Fee | $2.50 |
| Insurance | $0.00 |
| Taxes | $0.00 |
| Utilities | $0.00 |
| Repairs / Maintenance | -$157.54 |
| Operating Reserve Balance | $0.00 |
| ECO Cash Balance | $0.00 |
| Mortgage Principal Balance | $0.00 |
| Estimated NAV | $0.00 |
`source_workbook: Public/07 - P&L & Owner Statements/Cash Flow Statement - 1432 Sara Ave, Akron, OH 44305.xlsx`
<!-- AUTO:CF_PRIOR_MONTH_END -->
## Monthly Cash Position (2026-06)
Amounts are shown as of 2026-06. ECO Operating Cash is the complete DAO-attributed ECO Systems GL Column E balance through the as-of month, including accruals; it is not limited to ECO Systems LLC bank cash.
| Metric | Amount | Source |
|---|---:|---|
| Lofty Operating Cash | $2,976.81 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | -$1,070.99 | ECO Systems General Ledger Column E (135 rows) |
Financial summary:
- Lofty-held current maintenance reserve: $2,976.81
- ECO GL Column E sum: -$1,070.99 (135 rows)
## 2026-07-02
- Property Update (07/02/2026):
This month's update is limited to verified cash-position data from Lofty and ECO records. No tenant ledger rows are included.
Financial summary:
- Lofty-held current maintenance reserve: $2,049.76
- ECO GL Column E sum: -$1,213.08 (137 rows)
## 2026-07-02
- Property Update (07/02/2026):
Hi everyone,
This month's update is limited to verified cash-position data from Lofty and ECO records. No tenant ledger rows are included.
Financial summary:
- Lofty-held current maintenance reserve: $2,049.76
- ECO GL Column E sum: -$1,213.08 (137 rows)
## 2026-06-27
- Property Update (06/27/2026):
Hi everyone,
Quick update on **1432 Sara Ave, Akron, Ohio 44305**:
- We are issuing a proactive owner communication to keep update cadence consistent.
- Property operations and file review are in progress.
- A fuller operational/financial update will follow after manager file reconciliation.
**What to expect next**
- Current operations snapshot
- Any material leasing/maintenance/compliance items
- Financial/reconciliation notes (if applicable)
- Next expected update timing
Financial summary:
- Lofty-held current maintenance reserve: $2,049.76
- ECO GL Column E sum: -$1,213.08 (137 rows)
- We are issuing a proactive owner communication to keep update cadence consistent.
- Property operations and file review are in progress.
- A fuller operational/financial update will follow after manager file reconciliation.
- Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx):
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $2,985.00 |
| Lofty Operating Cash | $553.50 |
| ECO Operating Cash | $-1,502.06 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $-14,977.19 |
| Estimated Owners' Equity | $43,680.00 |
| DAO Estimated NAV Per Token | $14.72 |
| DAO Tokens | 1950 |
| Current PM | ECO |
## 2026-06-27
- Property Update (06/27/2026):
Financial summary:
- Lofty-held current maintenance reserve: $2,049.76
- ECO GL Column E sum: -$1,213.08 (137 rows)
- Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx):
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $2,985.00 |
| Lofty Operating Cash | $553.50 |
| ECO Operating Cash | $-1,502.06 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $-14,977.19 |
| Estimated Owners' Equity | $43,680.00 |
| DAO Estimated NAV Per Token | $14.72 |
| DAO Tokens | 1950 |
| Current PM | ECO |
## 2026-04-06
- Property Update (04/06/2026):
- Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx):
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $2,985.00 |
| Lofty Operating Cash | $553.50 |
| ECO Operating Cash | $-1,502.06 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $-14,977.19 |
| Estimated Owners' Equity | $43,680.00 |
| DAO Estimated NAV Per Token | $14.72 |
| DAO Tokens | 1950 |
| Current PM | ECO |
## 2026-01-13
- Property Update (01/13/2026):
- The January 2025 rent that was paying out over 12 months is now complete. 100% of NOI is going towards paying down loan balances and capital calls moving forward.
- Financial Summary:
- Capital Call Loan Balance as of 1/15/26: [($11,762.88)](https://docs.google.com/spreadsheets/d/10Dh2AYWhYPQOkRCSijpvS9ajinvYxFBQlahDWGa19KM/edit?usp=drivesdk) @ 15% compounding monthly.
- Yhome Due to DAO: $2,985
- ECO Operating Cash: [($2,758.36)](https://www.dropbox.com/scl/fi/dee7qbdxrwg7uzcu692b3/ECO-Systems-General-Ledger-2026-01-13-1432-Sara-Ave-Akron-OH-44305.csv?rlkey=z36i34im5p88ncrlkwr4u0bn3&dl=0)
- Lofty OR Cash: $553.50
- Taxes Due: ($1,298.10)
- DAO Net Cash: ($11,992.19)
## 2025-06-06
- Property Update (06/06/2025):
- Governance Results for 1432 Sara Ave:
- The Governance Voting results are back for the owner-proposed governance votes
- The first winning vote is:
- Approve Capital Call of $16,000, backed by EARLDAO.
- This voting option was declared the winner in Round 1 with 385 token votes.
- The voting results can be found on chain [here](https://allo.info/application/3038493687) or by searching the application ID: 3038493687
- The second winning vote is:
- Contribute net funds ($2,985) withheld by Yhome to EARLDAO
- This voting option was declared the winner in Round 1 with 402 token votes.
- The voting results can be found on chain [here](https://allo.info/application/3038498323) or by searching the application ID: 3038498323
- The third winning vote is:
- Migrate to Hemlane (10% PM Fee)
- This voting option received 431 / 456 token votes, which is equal to 94.5% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3038493687) or by searching the application ID: 3038501696
## 2025-05-30
- Property Update (05/30/2025):
- Owner-Proposed Governance Vote for 1432 Sara Ave:
- The new owner-elected property manager, Earl Co with ECO Systems LLC, is proposing a governance vote.
- This owner holds 1 token in this property and has the following [wallet address](https://allo.info/account/YILY2YPFH2HODAZSMVJ6C2URUTBJSEPB3377SIKHFCFMGQEEFAJ3E5TYDM)
- The owner's reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
- CAPITAL CALL & PROPERTY MANAGEMENT STRUCTURE
- DAO: Lofty Holding 1432 Sara Avenue DAO LLC
- Submitted By: Earl Co, Manager, ECO Systems LLC
- Submission Date: 05/29/2025
- Voting Deadline: 06/04/2025
- Background:
- This proposal seeks DAO approval to issue a capital call to fund the full payoff of outstanding balances owed to Aligned Properties Group in order to complete the transition of property management for 1432 Sara Ave away from Yhome Nursing LLC. Once complete, the property will be fully managed by ECO Systems LLC with Aligned as sub-PM and no further oversight or control from Yhome.
Although a “Yhome Loan” at 6.99% was executed on 1/29/2025, the lender, Yhome Nursing LLC, has officially canceled the loan entirely, and funds were refunded in full by Lofty to Yhome. This leaves Yhome owing the DAO $2,985, currently withheld by Yhome.
- A capital call from the Ecosystems Asset Recovery Lending DAO (EARLDAO) is needed to settle outstanding obligations. Any funds due from Yhome will be lent out to EARLDAO and a promissory note will be held by EARLDAO for benefit of its lenders. NO additional funds will be disbursed to Yhome at this time until Lofty resolves ongoing legal matters. A full reconciliation report is provided here.
- Financial Summary:
- Yhome Total Due to DAO: ($2,985)
- Aligned Net Due from DAO (includes $500 reserve): $1,908.41
- DAO Operating Reserve Cash Available: ($223.94)
- 1432 Sara Avenue Lending DAO Balance: $8,213.19
- Unpaid Taxes: $1,343.43
- DAO Net Cash: -$8,256.09
- Upcoming Expenses:
- Turnover Estimate: $3,729.00
- Insurance Premium (1 year): ~$512.40 (TBD)
- VOTE #1 – CAPITAL CALL OPTIONS (Ranked Choice)
- Option 1 – Approve Capital Call of $16,000, backed by EARLDAO.
- 12% APR, interest-only, 1-year balloon. Non-dilutive. Pays off existing Lending DAO. Repaid from future rents.
- Option 2 – Approve Capital Call of $4,000 backed by EARLDAO to settle balance with Aligned, pay taxes, and secure insurance.
- Turnover repairs not authorized. Property shall remain vacant. Lending DAO remains unpaid.
- Option 3 – List Property for Sale w/ Aligned.
- Authorize Aligned to list and sell the property. Proceeds pay off all debts. Tokens cashed out post-sale.
- Option 4 – Approve Capital Call of $16,000 via issuance of 750 new shares at $22/share.
- Pro-rata offer to DAO members. Dilutive equity. Pays off existing Lending DAO.
- Option 5 – Reject proposal
- No funds approved. Aligned remains unpaid. Repairs not authorized. Property remains vacant and