← 5541 S Peoria St, Chicago, IL 60621 · All properties
UPDATES.md
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| Property | 5541 S Peoria St, Chicago, IL 60621 |
|---|---|
| Folder | README & Property Snapshot |
| Kind | Text |
| Updated | 2026-07-16 |
| 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: $2,927.00
Operating Expenses: -$1,843.33
NOI: $1,083.67
Net Operating Cashflow: $1,083.67
## 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: $16,592.27 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$883.08 (ECO Systems General Ledger Column E (177 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: $2,927.00
Operating Expenses: -$1,843.33
NOI: $1,083.67
Net Operating Cashflow: $1,083.67
## 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: $16,592.27 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$883.08 (ECO Systems General Ledger Column E (177 rows))
Financial summary:
- Lofty-held current maintenance reserve: $16,592.27
- ECO GL Column E sum: -$883.08 (177 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: $2,927.00
Operating Expenses: -$1,843.33
NOI: $1,083.67
Net Operating Cashflow: $1,083.67
## 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: $16,592.27 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$883.08 (ECO Systems General Ledger Column E (177 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: $2,927.00
Operating Expenses: -$4,252.33
NOI: -$1,325.33
Net Operating Cashflow: -$1,325.33
## 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: $11,575.81 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$3,292.08 (ECO Systems General Ledger Column E (177 rows))
Financial summary:
- Lofty-held current maintenance reserve: $11,575.81
- ECO GL Column E sum: -$3,292.08 (177 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: $2,927.00
Operating Expenses: -$4,252.33
NOI: -$1,325.33
Net Operating Cashflow: -$1,325.33
## 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: $11,575.81 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$3,292.08 (ECO Systems General Ledger Column E (177 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 | $11,575.81 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | -$262.31 | ECO Systems General Ledger Column E (165 rows) |
## Source Evidence
| Field | Value |
|---|---|
| Source month | 2026-06 |
| ECO GL source | `Public/07 - P&L & Owner Statements/ECO Systems General Ledger - 5541 S Peoria St.csv` |
| Source-month dated rows | 0 |
| Revenue bucket count | 0 |
| Operating expense bucket count | 0 |
| ECO GL Column E rows | 165 |
| ECO GL Column E sum | -$262.31 |
Financial summary:
- Lofty-held current maintenance reserve: $11,575.81
- ECO GL Column E sum: -$262.31 (165 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: $11,697.73
- ECO GL Column E sum: $3,606.27 (164 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: $11,697.73
- ECO GL Column E sum: $3,606.27 (164 rows)
## 2026-06-27
- Property Update (06/27/2026):
Hi everyone,
Quick update on **5541 S Peoria St, Chicago, IL 60621**:
- 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: $11,697.73
- ECO GL Column E sum: $3,606.27 (164 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 | $12,585.55 |
| Lofty Operating Cash | $10,763.57 |
| ECO Operating Cash | $9,733.40 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $29,730.88 |
| Estimated Owners' Equity | $276,299.66 |
| DAO Estimated NAV Per Token | $53.43 |
| DAO Tokens | 5728 |
| Current PM | ECO |
## 2026-06-27
- Property Update (06/27/2026):
Financial summary:
- Lofty-held current maintenance reserve: $11,697.73
- ECO GL Column E sum: $3,606.27 (164 rows)
- Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx):
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $12,585.55 |
| Lofty Operating Cash | $10,763.57 |
| ECO Operating Cash | $9,733.40 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $29,730.88 |
| Estimated Owners' Equity | $276,299.66 |
| DAO Estimated NAV Per Token | $53.43 |
| DAO Tokens | 5728 |
| 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 | $12,585.55 |
| Lofty Operating Cash | $10,763.57 |
| ECO Operating Cash | $9,733.40 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $29,730.88 |
| Estimated Owners' Equity | $276,299.66 |
| DAO Estimated NAV Per Token | $53.43 |
| DAO Tokens | 5728 |
| Current PM | ECO |
## 2026-02-03
- Property Update (02/03/2026):
- Owner-Proposed Governance Results for 5541 S Peoria St:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- Option 1: Withhold 10% of ongoing rental income indefinitely to replenish the Operational Reserve.
- This voting option was declared the winner in Round 2 with 1,092 token votes.
- The voting results can be found on chain [here](https://allo.info/application/3439106847) or by searching the application ID: 3439106847
## 2026-01-26
- Property Update (01/26/2026):
- Owner-Proposed Governance Vote for 5541 S Peoria St:
- An owner with the following [wallet address](https://allo.info/account/UJA2Y2GA3JZAL47HB2RN3SOHNM53HGZBTBZQXE3L6HVA4WC62QHUNZ4L4A) is proposing a governance vote.
- This owner holds 63 tokens 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.
- Proposal:
- Vote to determine whether a portion of ongoing rental income should be withheld to replenish the Operational Reserve on an indefinite basis.
- Voting Options:
- Option 1: Withhold 10% of ongoing rental income indefinitely to replenish the Operational Reserve.
- Option 2: Withhold 5% of ongoing rental income indefinitely to replenish the Operational Reserve.
- Option 3: No change. Continue current distributions with no additional ongoing withholding for the Operational Reserve.
- Purpose:
- This vote allows investors to choose a long-term approach to maintaining adequate reserves for repairs, turnover, vacancies, and unexpected expenses, while balancing ongoing distributions.
- The results will be determined by a 60% Supermajority and sent to all owners on Tuesday, February 3rd once the voting period ends.
## 2026-01-26
- Property Update (01/26/2026):
- Owner-Proposed Governance Vote for 5541 S Peoria St:
- An owner with the following [wallet address](https://allo.info/account/UJA2Y2GA3JZAL47HB2RN3SOHNM53HGZBTBZQXE3L6HVA4WC62QHUNZ4L4A) is proposing a governance vote.
- This owner holds 63 tokens 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.
- Proposal:
- Vote to determine whether a portion of ongoing rental income should be withheld to replenish the Operational Reserve on an indefinite basis.
- Voting Options:
- Option 1: Withhold 10% of ongoing rental income indefinitely to replenish the Operational Reserve.
- Option 2: Withhold 5% of ongoing rental income indefinitely to replenish the Operational Reserve.
- Option 3: No change. Continue current distributions with no additional ongoing withholding for the Operational Reserve.
- Purpose:
- This vote allows investors to choose a long-term approach to maintaining adequate reserves for repairs, turnover, vacancies, and unexpected expenses, while balancing ongoing distributions.
- The results will be determined by a 60% Supermajority and sent to all owners on Tuesday, February 3rd once the voting period ends.
## 2026-01-12
- Property Update (01/12/2026):
- Unit 2 Tenant remains behind on tenant portion of rent ($155) since November but CHA is paying the $1,140 portio