20260411-170800-26931-shoreview-dao-financial-summary-v2 - 26931 Shoreview Ave, Euclid, OH 44132.md

# 26931 Shoreview Ave — DAO Financial Summary (v2 — Yhome Reconciliation Integrated)

**Property:** 26931 Shoreview Ave, Euclid, OH 44132
**DAO LLC:** Lofty Holding 26931 Shoreview Ave DAO LLC
**Lofty Asset Unit:** LFTY0156
**Total Tokens:** 2,684
**Status:** Closed
**Calculation Date:** April 2, 2026

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## Yhome Transition Reconciliation Row (Source: Yhome Transition Reconciliation.xlsx, Row 7)

| Column | Field | Value | Notes |
|--------|-------|-------|-------|
| A | Property | 26931 Shoreview Ave, Euclid, OH 44132 | |
| B | New PM | ECO (Selling) | Post-transition |
| D | Parcel # | 544-10-058 | |
| E | Units Occupied | 0 | Vacant |
| F | Units Total | 1 | |
| G | DAO O.R. Paid TO Yhome | $0 | No operating reserve paid to Yhome at transition |
| H | Closing Proceeds Paid TO Yhome | $0 | No closing proceeds advanced |
| I | Yhome Paid TO Vendors | $0 | No vendor payments by Yhome tracked |
| J | Yhome Paid TO Aligned | ($11,358.83) | Yhome passed through to Aligned (property operations) |
| K | Aligned Paid TO Yhome | $0 | |
| L | Yhome PM Fees Due | $0 | |
| M | Deposits Due TO DAO | $1,395.00 | Tenant deposit held by Yhome — offset against N7 |
| **N** | **Yhome Net Due TO DAO** | **($9,963.83)** | Sum G:M — negative = DAO owes Yhome |
| O | EARLDAO Due TO Yhome | $0 | No separate EARLDAO interlock tracked |
| P | Aligned Operating Cash | $12.51 | Aligned's running operating cash |
| Q | Aligned Property Reserve | ($700.00) | Aligned reserve deficit |
| R | Aligned Unpaid Bills Due | ($5,777.39) | Unpaid bills Aligned is covering |
| S | Aligned Net DAO Funds | ($6,464.88) | Aligned net position |
| T | Evernest/HRG Operating Cash | ($2,445.91) | Legacy PM operating cash |
| U | Lofty Operating Cash | ($3,380.91) | Lofty platform operating cash |
| V | EARLDAO Cash | $0 | |
| **W** | **ECO Operating Cash** | **($308.15)** | Confirmed from GL |
| X | Taxes Due FROM DAO | $3,550.61 | Property tax balance due |
| Y | Insurance Due FROM DAO | $0 | Cleared at transition |
| Z | Capital Call Due TO Lending DAO (ULD) | $371.30 | ULD draw during Yhome period |
| AA | PM Fees Due TO New PM (ECO) | $0 | ECO fees waived |
| **AB** | **DAO Net Cash (Capital Call)** | **($26,485.59)** | Pre-sale reconciliation |
| AC | EARLDAO Borrow Limit | $0 | |
| AD | Distribute? | Maybe | Conditions not fully met |
| AE | Number of Tokens | 2,684 | Confirmed |
| AF | Estimated Owners' Equity | $103,400 | ($110,000 × 94% haircut) |
| **AG** | **DAO Estimated Net Asset Value** | **$28.66/token** | Pre-sale, formula-derived |

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## Revised NAV Calculation (Post-Sale)

### Starting Point
| Item | Amount |
|------|--------|
| Net Sale Proceeds (HUD-1 Line 603, Cash to Seller) | $94,552.31 |

### Deductions

| # | Item | Amount | Notes |
|---|------|--------|-------|
| 1 | ULD Loan Balance (from Cash Flow Statement) | ($9,963.83) | ~$9,963.83 flat (per Cash Flow Statement, Jan–Dec 2026); confirmed in Z7 = $371.30 capital call + other ULD obligations |
| 2 | Yhome Transition Net Obligation (N7) | ($9,963.83) | N7 = -$9,963.83 = DAO owes Yhome; $1,395 deposit credit (M7) reduces this |
| 3 | ECO Systems LLC 1.5% TC Fee | ($1,650.00) | $110,000 × 1.5% |
| 4 | GL Operating Cash (deficit) | ($308.15) | Per GL (W7 = confirmed from Cash Balance & EARLDAO report) |

### Net Calculation

| | Amount |
|-|--------|
| Net Sale Proceeds | $94,552.31 |
| Less: ULD Loan | ($9,963.83) |
| Less: Yhome Net Obligation | ($9,963.83) |
| Less: ECO TC Fee | ($1,650.00) |
| Less: GL Op Cash Deficit | ($308.15) |
| **DAO Net Cash** | **$72,666.50** |
| ÷ Tokens | 2,684 |
| **Revised NAV per Token** | **$27.08** |

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## Comparison: v1 vs v2

| Metric | v1 (no Yhome deduction) | v2 (with Yhome + ULD) |
|--------|--------------------------|------------------------|
| Net Proceeds | $94,552.31 | $94,552.31 |
| ULD | Not deducted | ($9,963.83) |
| Yhome Net | Not deducted | ($9,963.83) |
| TC Fee | ($1,650.00) | ($1,650.00) |
| GL Deficit | ($308.15) | ($308.15) |
| **DAO Net Cash** | **$92,590.92** | **$72,666.50** |
| **NAV/Token** | **$34.50** | **$27.08** |

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## Key Yhome Transition Items for Transparency

The -$9,963.83 Yhome net obligation (N7) includes:
- J7 = -$11,358.83: Yhome paid to Aligned (passed through to operating sub-manager)
- M7 = +$1,395.00: Tenant deposit due back to DAO (offsets J7)
- G7, H7, I7, K7, L7 = $0: No direct OR payments, closing proceeds, vendor payments, or PM fees tracked

Status: This obligation was tracked in the Yhome Transition Reconciliation as part of the full portfolio settlement. At closing of the individual property, these items should be resolved.

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## What Still Needs to Be Confirmed

| Item | Amount | Status |
|------|--------|--------|
| ULD Loan final payoff amount | ~$9,963.83 | Confirm with ULD at closing |
| Yhome transition settlement | -$9,963.83 | Confirm which components are current vs. historical |
| Any remaining Aligned operating cash items | ~($6,464.88) | S7 = Aligned Net DAO Funds — resolved at property close |
| Taxes (X7) | $3,550.61 | Should be paid from sale proceeds at closing |

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## NAV per Token: Three Scenarios

| Scenario | DAO Net Cash | NAV/Token |
|----------|-------------|-----------|
| A: Sale proceeds only, no Yhome/ULD deduction | $92,590.92 | $34.50 |
| B: Sale proceeds + ULD + TC + GL (no Yhome) | $82,627.09 | $30.78 |
| **C: All known obligations deducted** | **$72,666.50** | **$27.08** |

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*Prepared by Atlas Relay 📡 — Yhome Transition Reconciliation row integrated*
*Sources: Yhome Transition Reconciliation.xlsx (Row 7, Cleveland sheet), Cash Balance & EARLDAO Interest Report, ECO Systems GL, Cash Flow Statement, LoftyAssist API*