← 15555 Millard Ave, Markham, IL 60428 · All properties
UPDATES.md
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| Property | 15555 Millard Ave, Markham, IL 60428 |
|---|---|
| Folder | README & Property Snapshot |
| Kind | Text |
| Updated | 2026-07-14 |
| Dropbox path | 00 - README & Property Snapshot/UPDATES.md |
What This File Appears To Be
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: $0.00 Operating Expenses: -$8,773.64 NOI: -$8,773.64 Net Operating Cashflow: -$8,773.64 ## Monthly Cash Position (2026-06) Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the curre
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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: $0.00
Operating Expenses: -$8,773.64
NOI: -$8,773.64
Net Operating Cashflow: -$8,773.64
## 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: -$3,909.33 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$18,393.63 (ECO Systems General Ledger Column E (35 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 (2026-06)
| Metric | Amount |
|---|---:|
| Revenue | $0.00 |
| Operating Expenses | $0.00 |
| NOI | $0.00 |
| Net Operating Cashflow | $0.00 |
## 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 | -$3,909.33 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | -$18,323.63 | ECO Systems General Ledger Column E (34 rows) |
## Source Evidence
| Field | Value |
|---|---|
| Source month | 2026-06 |
| ECO GL source | `Public/07 - P&L & Owner Statements/ECO Systems General Ledger - 15555 Millard Ave.csv` |
| Source-month dated rows | 0 |
| Revenue bucket count | 0 |
| Operating expense bucket count | 0 |
| ECO GL Column E rows | 34 |
| ECO GL Column E sum | -$18,323.63 |
Financial summary:
- Lofty-held current maintenance reserve: -$3,909.33
- ECO GL Column E sum: -$18,323.63 (34 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: -$4,545.16
- ECO GL Column E sum: -$9,689.99 (32 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: -$4,545.16
- ECO GL Column E sum: -$9,689.99 (32 rows)
## 2026-06-27
- Property Update (06/27/2026):
Hi everyone,
Quick update on **15555 Millard Ave, Markham, IL 60428**:
- 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: -$4,545.16
- ECO GL Column E sum: -$9,689.99 (32 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 | $0.00 |
| Lofty Operating Cash | $-11,711.06 |
| ECO Operating Cash | $-2,794.42 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $-34,301.75 |
| Estimated Owners' Equity | $150,150.00 |
| DAO Estimated NAV Per Token | $36.11 |
| DAO Tokens | 3208 |
| Current PM | ECO (Selling) |
## 2026-06-27
- Property Update (06/27/2026):
Financial summary:
- Lofty-held current maintenance reserve: -$4,545.16
- ECO GL Column E sum: -$9,689.99 (32 rows)
- Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx):
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $0.00 |
| Lofty Operating Cash | $-11,711.06 |
| ECO Operating Cash | $-2,794.42 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $-34,301.75 |
| Estimated Owners' Equity | $150,150.00 |
| DAO Estimated NAV Per Token | $36.11 |
| DAO Tokens | 3208 |
| Current PM | ECO (Selling) |
## 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 | $0.00 |
| Lofty Operating Cash | $-11,711.06 |
| ECO Operating Cash | $-2,794.42 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $-34,301.75 |
| Estimated Owners' Equity | $150,150.00 |
| DAO Estimated NAV Per Token | $36.11 |
| DAO Tokens | 3208 |
| Current PM | ECO (Selling) |
## 2025-09-02
- Property Update (09/02/2025):
- Owner-Proposed Governance Vote for 15555 Millard Ave:
- The property manager, ECO Systems LLC with the following [wallet address](https://allo.info/account/YILY2YPFH2HODAZSMVJ6C2URUTBJSEPB3377SIKHFCFMGQEEFAJ3E5TYDM), is proposing a governance vote.
- This owner holds 1 token in this property.
- 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.
- Fellow owners,
- As you may or may not know, the predecessor entity for the DAO still holds title to the DAO’s real property at 15555 Millard Ave, Markham, IL 60428. Please review and ratify this Organizational Resolution retroactively authorizing the DE LLC to be reinstated in DE and IL. The WY DAO LLC shall become the 100% sole member of the DE LLC and its members shall have all authority over the ownership and management of its underlying asset. The Organizational Resolution also designates Earl Vanze Co as the Manager of the DE LLC for the purposes of executing administrative tasks. Being that the defunct DE LLC would become an active single-member LLC, it would become a disregarded entity for tax purposes and will not need to file its own tax returns.
- The DE LLC will need to remain as an active entity registered with the Secretary of State in both DE and IL so long as it continues to hold title to real property and do business in the respective states, and the Manager shall be responsible for maintaining compliance with local and state laws. The Manager also has discretion to obtain a correction deed and/or affidavit of scrivener’s error, and grant title of the DAO's real property currently held by “LOFTY HOLDINGS 15555 Millard Ave LLC, a Delaware Limited Liability Company” to "Lofty Holding 15555 Millard Avenue DAO LLC, a Wyoming decentralized autonomous organization limited liability company” and/or a third-party buyer upon closing of a sale, and formally terminate the DE LLC when it is no longer necessary for the DE LLC to remain active.
- Thank you for your prompt attention to this matter. Please submit your vote by Tuesday, September 9th at 5 PM EDT.
- All the best,
- Earl Co
- Manager, ECO Systems LLC
- Member, Lofty Holding 15555 Millard Avenue DAO LLC
- Option 1: Approve and Ratify the Organizational Resolution.
- Option 2: Decline (provide feedback to ecosystemspm@gmail.com).
- The results will be determined by a 60% Supermajority and sent to all owners on Tuesday, September 9th once the voting period ends.
## 2025-09-02
- Property Update (09/02/2025):
- Owner-Proposed Governance Vote for 15555 Millard Ave:
- The property manager, ECO Systems LLC with the following [wallet address](https://allo.info/account/YILY2YPFH2HODAZSMVJ6C2URUTBJSEPB3377SIKHFCFMGQEEFAJ3E5TYDM), is proposing a governance vote.
- This owner holds 1 token in this property.
- 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.
- Fellow owners,
- As you may or may not know, the predecessor entity for the DAO still holds title to the DAO's real property at 15555 Millard Ave, Markham, IL 60428. Please review and ratify this Organizational Resolution retroactively authorizing the DE LLC to be reinstated in DE and IL. The WY DAO LLC shall become the 100% sole member of the DE LLC and its members shall have all authority over the ownership and management of its underlying asset. The Organizational Resolution also designates Earl Vanze Co as the Manager of the DE LLC for the purposes of executing administrative tasks. Being that the defunct DE LLC would become an active single-member LLC, it would become a disregarded entity for tax purposes and will not need to file its own tax returns.
- The DE LLC will need to remain as an active entity registered with the Secretary of State in both DE and IL so long as it continues to hold title to real property and do business in the respective states, and the Manager shall be responsible for maintaining compliance with local and state laws. The Manager also has discretion to obtain a correction deed and/or affidavit of scrivener's error, and grant title of the DAO's real property currently held by "LOFTY HOLDINGS 15555 Millard Ave LLC, a Delaware Limited Liability Company" to "Lofty Holding 15555 Millard Avenue DAO LLC, a Wyoming decentralized autonomous organization limited liability company" and/or a third-party buyer upon closing of a sale, and formally terminate the DE LLC when it is no longer necessary for the DE LLC to remain active.
- Thank you for your prompt attention to this matter. Please submit your vote by Tuesday, September 9th at 5 PM EDT.
- All the best,
- Earl Co
- Manager, ECO Systems LLC
- Member, Lofty Holding 15555 Millard Avenue DAO LLC
- Option 1: Approve and Ratify the Organizational Resolution.
- Option 2: Decline (provide feedback to ecosystemspm@gmail.com).
- The results will be determined by a 60% Supermajority and sent to all owners on Tuesday, September 9th once the voting period ends.
## 2025-09-02
- Property Update (09/02/2025):
- Governance Results for 15555 Millard Ave:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- Option 1: Approve and Ratify the Organizational Resolution.
- This option received 775 / 777 token votes, which is equal to 99% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3205598614) or by searching the application ID: 3205598614
## 2025-07-12
- Property Update (07/12/2025):
- Note from PM (Urban REI) below. Per the recent governance results, ECO Systems LLC will take over management once the eviction is completed.
- I have closed the pending owner contribution request from May that remained open on 15555 Millard. Instead, I have submitted a new owner contribution request with the current updated amount due on it. Attached to it and attached to this email you will find a listing of invoices making up this amount.
- We are scheduled to appear in court for you next week on this property, please note we need this owner contribution balance paid before we can appear in court.
- If there are any questions please let me know.
- Thank you , Amanda Govaere, Controller, Urban REI
- Good evening - This is a reminder - please note your balance is currently -$6,927.99 The grass needs to be cut which we cannot authorize until contribution is made. This may lead