← 1456 W 85th St, Cleveland, OH 44102 · All properties

UPDATES.md

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2026-07-16 - Property Update (07/16/2026): Distribution guard re-enabled after reserving the projected distribution for the pending heating/furnace decision. Current state: - Lofty current maintenance reserve remains $0.00 after the $7,275.47 OR payoff. - Current Month Distribution is guarded at $0.00. - The $1,150.83 projected distribution is set as Lofty OR Replenishment / furnace reserve, not distributable cash. - Because it is summer, the heat work can be delayed long enough to request an

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## 2026-07-16

- Property Update (07/16/2026):
Distribution guard re-enabled after reserving the projected distribution for the pending heating/furnace decision.

Current state:
- Lofty current maintenance reserve remains $0.00 after the $7,275.47 OR payoff.
- Current Month Distribution is guarded at $0.00.
- The $1,150.83 projected distribution is set as Lofty OR Replenishment / furnace reserve, not distributable cash.
- Because it is summer, the heat work can be delayed long enough to request another quote unless conditions worsen or the PM flags a safety/habitability issue.
- Projected annual cash flow, projected rental yield, and COC are set to $0.00 / 0.00% while guard is active.
- Units remain occupied; this is a cash-preservation guard, not a vacancy signal.

Baselane/DAO cash position:
- Baselane bank-linked cash after the $7,275.47 OR payoff and prior $1,150.83 transfer: $3,857.52.
- Tax reserve retained inside bank cash: $2,399.82.
- DAO LLC fee reserve retained inside bank cash: $375.00.
- Lofty OR Replenishment / furnace reserve: $1,150.83.
- Free/distributable cash after tax, DAO fee, and furnace reserve: $0.00.
- Aligned-held DAO reserve: $1,500.00.
- Web3/Web2 EARLDAO reconciliation value assigned to 1456: $1,140.36.
- Total tracked DAO-owned cash/value including OR Replenishment reserve: $7,648.71.

Notes:
- Tax reserve is not counted as an extra asset; it is a retained set-aside within bank cash.
- The OR Replenishment / furnace reserve is not an owner distribution and should not be released while the heating/furnace quote decision is pending.

## 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: -$242.90
Operating Expenses: -$4,862.10
NOI: -$5,105.00
Net Operating Cashflow: -$5,105.00

## 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: -$7,075.47 (Lofty curr_maintenance_reserve)
ECO Operating Cash: $11,447.79 (ECO Systems General Ledger Column E (259 rows))
Aligned-held DAO cash: $1,500.00 (Aligned Property Reserve; DAO-owned, held by Aligned)

## 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: -$242.90
Operating Expenses: -$4,862.10
NOI: -$5,105.00
Net Operating Cashflow: -$5,105.00

## 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: -$7,075.47 (Lofty curr_maintenance_reserve)
ECO Operating Cash: $11,447.79 (ECO Systems General Ledger Column E (259 rows))
Aligned-held DAO cash: $1,500.00 (Aligned Property Reserve; DAO-owned, held by Aligned)

Financial summary:
- Lofty-held current maintenance reserve: -$7,075.47
- ECO GL Column E sum: $15,847.42 (259 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: -$242.90
Operating Expenses: -$4,862.10
NOI: -$5,105.00
Net Operating Cashflow: -$5,105.00

## 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: -$7,075.47 (Lofty curr_maintenance_reserve)
ECO Operating Cash: $11,447.79 (ECO Systems General Ledger Column E (259 rows))
Aligned-held DAO cash: $1,500.00 (Aligned Property Reserve; DAO-owned, held by Aligned)

## 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: -$242.90
Operating Expenses: -$4,862.10
NOI: -$5,105.00
Net Operating Cashflow: -$5,105.00

## 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: -$7,075.47 (Lofty curr_maintenance_reserve)
ECO Operating Cash: $11,447.79 (ECO Systems General Ledger Column E (259 rows))
Aligned-held DAO cash: $1,500.00 (Aligned Property Reserve; DAO-owned, held by Aligned)

Financial summary:
- Lofty-held current maintenance reserve: -$7,075.47
- ECO GL Column E sum: $11,447.79 (259 rows)
- Aligned-held DAO cash: $1,500.00 (Aligned Property Reserve; DAO-owned, held by Aligned)
- 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: -$242.90
Operating Expenses: -$4,862.10
NOI: -$5,105.00
Net Operating Cashflow: -$5,105.00

## 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: -$7,075.47 (Lofty curr_maintenance_reserve)
ECO Operating Cash: $11,447.79 (ECO Systems General Ledger Column E (259 rows))
Aligned-held DAO cash: $1,500.00 (Aligned Property Reserve; DAO-owned, held by Aligned)

# 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 | $0.00 |
| Operating Expenses | $0.00 |
| NOI | $0.00 |
| Loan/CapEx/Retained Earnings | $0.00 |
| Net Operating Cashflow | $0.00 |
| Rents | $0.00 |
| Property Management Fee | $0.00 |
| Insurance | $0.00 |
| Taxes | $0.00 |
| Utilities | $0.00 |
| Repairs / Maintenance | $0.00 |
| 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 - 1456 W 85th St, Cleveland, OH 44102.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 | -$7,075.47 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | $11,690.69 | ECO Systems General Ledger Column E (258 rows) |
| Aligned-held DAO cash | $1,500.00 | Aligned Property Reserve; DAO-owned, held by Aligned |

Financial summary:
- Lofty-held current maintenance reserve: -$7,075.47
- ECO GL Column E sum: $11,690.69 (258 rows)
- Aligned-held DAO cash: $1,500.00 (Aligned Property Reserve; DAO-owned, held by Aligned)

## 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: -$6,777.91
- ECO GL Column E sum: $6,203.86 (42 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: -$6,777.91
- ECO GL Column E sum: $6,203.86 (42 rows)

## 2026-06-27

- Property Update (06/27/2026):
Hi everyone,

Quick update on **1456 W 85th St, Cleveland, OH 44102**:

- 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: -$6,777.91
- ECO GL Column E sum: $6,203.86 (42 rows)

## 2026-06-27

- Property Update (06/27/2026):
Financial summary:
- Lofty-held current maintenance reserve: -$6,777.91
- ECO GL Column E sum: $6,203.86 (42 rows)

## 2026-04-14

- Property Update (04/14/2026):
- We are issuing a proactive owner communication to keep update cadence consistent.
- Property operations are ongoing and stable.
- A fuller operational/financial update will follow after complete reconciliation.

- Financial Summary:
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $1,140.36 |
| Lofty Operating Cash (Unverified) | ($7,275.47) |
| Aligned Property Reserve | $1,500.00 |
| ECO Operating Cash | $4,744.59 |
| Security Deposits | ($1,790.00) |
| 2025 2nd Half Taxes Due July | ($2,399.80) |
| DAO Net Cash (Capital Call) | $(5,380.32) |
| Estimated Owners' Equity | $278,478 |
| DAO Estimated NAV Per Token | $58.58 |

- Tax Payment — $8,110.14 paid Feb 21 for delinquent + 2025 first-half taxes.
- Lofty Operating Cash — Currently at $-7,075.47. Operating with reserve deficit.
- Outstanding Liabilities — 2nd half 2025 taxes ($2,399.80) due Aug 2026.
- T-12 (2025) — Revenue $77,971, NOI ~$74,400.

## 2026-04-14

- Property Update (04/14/2026):
- Property operations are ongoing and stable.
- A fuller operational/financial update will follow after complete reconciliation.

- Financial Summary:
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $1,140.36 |
| Lofty Operating Cash (Unverified) | ($7,275.47) |
| Aligned Property Reserve | $1,500.00 |
| ECO Operating Cash | $4,744.59 |
| Security Deposits | ($1,790.00) |
| 2025 2nd Half Taxes Due July | ($2,399.80) |
| DAO Net Cash (Capital Call) | $(5,380.32) |
| Estimated Owners' Equity | $278,478 |
| DAO Estimated NAV Per Token | $58.58 |

- Tax Payment — $8,110.14 paid Feb 21 for delinquent + 2025 first-half taxes.
- Lofty Operating Cash — Currently at $-7,075.47. Operating with reserve deficit.
- Outstanding Liabilities — 2nd half 2025 taxes ($2,399.80) due Aug 2026.
- T-12 (2025) — Revenue $77,971, NOI ~$74,400.

## 2026-04-08

- Property Update (04/08/2026):
| Field | Value |
|-------|-------|
| ECO Operating Cash | $176.40 |
| Lofty Operating Cash | $-7,075.47 |
| Yhome Net Due TO DAO | $1,140.36 |
| Outstanding Taxes (2nd Half 2025) | $-2,399.80 |
| DAO Net Cash | $-5,114.12 |
| Estimated Owners' Equity | $278,478.00 |
| Estimated NAV/Token | $58.64 |

**Tax Payment** — $8,110.14 paid Feb 21 for delinquent + 2025 first-half taxes.

**Lofty Operating Cash** — Currently at $-7,075.47. Operating with reserve deficit.

**Outstanding Liabilities** — 2nd half 2025 taxes ($2,399.80) due Aug 2026.

**T-12 (2025)** — Revenue $77,971, NOI ~$74,400.

[ECO General Ledger](https://www.dropbox.com/scl/fi/atgprv82nnc1fdcksyd2t/ECO-Systems-General-Ledger-1456-W-85th-St.-Cleveland-OH-4410