← 8143 S Sangamon St, Chicago, IL 60620 · All properties
UPDATES.md
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| Property | 8143 S Sangamon St, Chicago, IL 60620 |
|---|---|
| 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: $2,776.50
Operating Expenses: -$4,915.05
NOI: -$2,138.55
Net Operating Cashflow: -$12,354.55
## 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: $3,239.27 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$999.29 (ECO Systems General Ledger Column E (193 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: $2,776.50
Operating Expenses: -$4,915.05
NOI: -$2,138.55
Net Operating Cashflow: -$12,354.55
## 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: $3,239.27 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$999.29 (ECO Systems General Ledger Column E (193 rows))
Financial summary:
- Lofty-held current maintenance reserve: $3,239.27
- ECO GL Column E sum: $3,151.67 (194 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: $2,776.50
Operating Expenses: -$4,915.05
NOI: -$2,138.55
Net Operating Cashflow: -$12,354.55
## 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: $3,239.27 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$999.29 (ECO Systems General Ledger Column E (193 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: $2,776.50
Operating Expenses: -$4,915.05
NOI: -$2,138.55
Net Operating Cashflow: -$12,354.55
## 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: $3,239.27 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$999.29 (ECO Systems General Ledger Column E (193 rows))
Financial summary:
- Lofty-held current maintenance reserve: $3,239.27
- ECO GL Column E sum: -$1,021.66 (193 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: $2,776.50
Operating Expenses: -$4,915.05
NOI: -$2,138.55
Net Operating Cashflow: -$12,354.55
## 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: $3,239.27 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$999.29 (ECO Systems General Ledger Column E (193 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 | $2,864.50 |
| Operating Expenses | -$210.50 |
| NOI | $2,654.00 |
| Loan/CapEx/Retained Earnings | $0.00 |
| Net Operating Cashflow | $2,654.00 |
| Rents | $2,776.50 |
| Property Management Fee | $0.00 |
| Insurance | $0.00 |
| Taxes | $0.00 |
| Utilities | -$21.60 |
| Repairs / Maintenance | -$188.90 |
| 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 - 8143 S Sangamon St, Chicago, IL 60620.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 | $3,239.27 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | -$1,722.97 | ECO Systems General Ledger Column E (187 rows) |
Financial summary:
- Lofty-held current maintenance reserve: $3,239.27
- ECO GL Column E sum: -$1,722.97 (187 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: $3,239.27
- ECO GL Column E sum: $2,514.19 (188 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: $3,239.27
- ECO GL Column E sum: $2,514.19 (188 rows)
## 2026-06-27
- Property Update (06/27/2026):
Hi everyone,
Quick update on **8143 S Sangamon St, Chicago, IL 60620**:
- 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: $3,239.27
- ECO GL Column E sum: $2,514.19 (188 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 | $3,239.27 |
| ECO Operating Cash | $12,864.20 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $5,703.51 |
| Estimated Owners' Equity | $334,205.69 |
| DAO Estimated NAV Per Token | $48.41 |
| DAO Tokens | 7021 |
| Current PM | ECO |
## 2026-06-27
- Property Update (06/27/2026):
Financial summary:
- Lofty-held current maintenance reserve: $3,239.27
- ECO GL Column E sum: $2,514.19 (188 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 | $3,239.27 |
| ECO Operating Cash | $12,864.20 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $5,703.51 |
| Estimated Owners' Equity | $334,205.69 |
| DAO Estimated NAV Per Token | $48.41 |
| DAO Tokens | 7021 |
| 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 | $0.00 |
| Lofty Operating Cash | $3,239.27 |
| ECO Operating Cash | $12,864.20 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $5,703.51 |
| Estimated Owners' Equity | $334,205.69 |
| DAO Estimated NAV Per Token | $48.41 |
| DAO Tokens | 7021 |
| Current PM | ECO |
## 2026-03-26
- Property Update (03/26/2026):
- Owner-Proposed Governance Results for 8143 S Sangamon St:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- Approve $10,000 ULD loan at above terms, $10,300 with 3% origination fee.
- This voting option received 1,735 / 2,050 token votes which is equal to 85% of the total votes.
- The voting results can be found on chain here or by searching the application ID: 3494400978
## 2026-03-23
- Property Update (03/23/2026):
- Owner-Proposed Governance Vote for 8143 S Sangamon St:
- An owner with the following [wallet address](https://allo.info/account/K7ECVKDY4M265CKEU3JAPQILTLFSR26KV3WXYRGG7BIRY2CSFDK6OU2T3I), is proposing a governance vote.
- This owner holds 44 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.
- The location requires porch repair based on violations recieved from the City. We have enough OR to cover approximately 1/2 of the needed amount. We need a bridge loan to cover the excess amount not covered by OR and/or anticipated monthly NOI before payment is due.
- The PM (Earl) estimates the need at up to $19,000 for required porch repair. Reminder this location is a stable legacy property, two full secured, paying tenant. Monthly NOI is approximately $1953.
- This proposal authorizes a ULD funding structure: $10,000 from the Universal Lending DAO (3% origination fee, 13.5% APR compounded monthly, 3-year term (extendable to 4th year, per performance on loan). Loans carry a minimum monthly payments of $75/mo or Interest-Only, whichever is greater after 60 days and loans are if any schedule minimum monthly payments are missed, and are unable to be cured within 60 days, the ULD will seek the DAO to refinance or preside over sale of the property, with the ULD having full-authorization.
- In this proposal, the minimum monthly terms and 60 grace period on payments are ULD generic, during the length of the loan, Reserves after minimum payments made should be 100% until $3000 minimum, 50% until $6000 and 25% refill minimum until $12,000. This provides well-capitalization on any non-ULD expenses
- Voting Options:
- Approve $10,000 ULD loan at above terms, $10,300 with 3% origination fee.
- Do not Approve loan and seek other funding sources- further time and discussion needed and could slow down process resulting in further violation.
- The results will be determined by a 60% Supermajority and sent to all owners on Thursday, March 26th once the voting period ends.
## 2026-03-23
- Property Update (03/23/2026):
- Owner-Proposed Governance Vote for 8143 S Sangamon St:
- An owner with the following [wallet address](https://allo.info/account/K7ECVKDY4M265CKEU3JAPQILTLFSR26KV3WXYRGG7BIRY2CSFDK6OU2T3I), is proposing a governance vote.
- This owner holds 44 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.
- The location requires porch repair based on violations recieved from the City. We have enough OR to cover approximately 1/2 of the needed amount. We need a bridge loan to cover the excess amount not covered by OR and/or anticipated month