Schedule of future annual mortgage maturities

Future annual mortgage maturities at March 31, 2021 are as follows:


	Hamilton		345		Hamilton		Hamilton on		Dexter
Period End	Essex 81		Franklin		Minuteman		Main Apts		Park		Total
3//31/2022	$	—	$	215,702	$	—	$	—	$	—	$	215,702
3/31/2023		—		224,199		—		—		—		224,199
3/31/2024		—		233,032		—		—		—		233,032
3/31/2025		—		242,212		—		16,900,000		—		17,142,212
3/31/2026		10,000,000		251,753		—		—		—		10,251,753
Thereafter		—		7,929,705		6,000,000		—		125,000,000		138,929,705
		10,000,000		9,096,603		6,000,000		16,900,000		125,000,000		166,996,603
Less: unamortized deferred financing costs		(62,051)		(48,274)		(85,586)		(54,842)		(463,131)		(713,884)
	$	9,937,949	$	9,048,329	$	5,914,414	$	16,845,158	$	124,536,869	$	166,282,719

At March 31, 2021 the weighted average interest rate on the above mortgages was 3.91%. The effective rate was 3.98% including the amortization expense of deferred financing costs.

Summary of financial position and income statements relating to investment in unconsolidated joint ventures

Summary financial information March 31, 2021


				Hamilton									Hamilton			Hamilton
	Hamilton			Essex			345			Hamilton			Minuteman			on Main			Dexter
	Essex 81			Development			Franklin			1025			Apts			Apts			Park			Total
ASSETS
Rental Properties	$	6,583,704		$	2,590,036		$	5,289,712		$	84,003		$	4,914,411		$	14,982,149		$	80,053,070		$	114,497,085
Cash & Cash Equivalents		66,579			40,821			139,721			6,435			132,455			574,605			2,564,784			3,525,400
Rent Receivable		31,379			—			35,916			11,669			9,749			49,425			447,666			585,804
Real Estate Tax Escrow		74,083			—			54,505			—			38,883			113,702			—			281,173
Prepaid Expenses & Other Assets		274,840			75,119			85,816			191			15,187			177,044			1,400,615			2,028,812
Total Assets	$	7,030,585		$	2,705,976		$	5,605,670		$	102,298		$	5,110,685		$	15,896,925		$	84,466,135		$	120,918,274
LIABILITIES AND PARTNERS’ CAPITAL
Mortgage Notes Payable	$	9,937,949		$	—		$	9,048,329		$	—		$	5,914,414		$	16,845,158		$	124,536,869		$	166,282,719
Accounts Payable & Accrued Expense		66,760			4,000			106,469			3,225			75,274			172,092			722,157			1,149,977
Advance Rental Pmts & Security Deposits		102,170			—			214,146			—			136,840			424,300			2,083,729			2,961,185
Total Liabilities		10,106,879			4,000			9,368,944			3,225			6,126,528			17,441,550			127,342,755			170,393,881
Partners’ Capital		(3,076,294)			2,701,976			(3,763,274)			99,073			(1,015,843)			(1,544,625)			(42,876,620)			(49,475,607)
Total Liabilities and Capital	$	7,030,585		$	2,705,976		$	5,605,670		$	102,298		$	5,110,685		$	15,896,925		$	84,466,135		$	120,918,274
Partners’ Capital %—NERA		50	%		50	%		50	%		50	%		50	%		50	%		40	%
Investment in Unconsolidated Joint Ventures	$	—		$	1,350,988		$	—		$	49,536		$	—		$	—		$	—			1,400,524
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures	$	(1,538,147)		$	—		$	(1,881,637)		$	—		$	(507,922)		$	(772,313)		$	(17,150,648)			(21,850,666)
Total Investment in Unconsolidated Joint Ventures (Net)																						$	(20,450,142)
Total units/condominiums
Apartments		48			—			40			175			42			148			409			862
Commercial		1			1			—			1			—			—			—			3
Total		49			1			40			176			42			148			409			865
Units to be retained		49			1			40			1			42			148			409			690
Units to be sold		—			—			—			175			—			—			—			175
Units sold through May 1, 2021		—			—			—			175			—			—			—			175
Unsold units		—			—			—			—			—			—			—			—
Unsold units with deposits for future sale as of May 1, 2021		—			—			—			—			—			—			—			—

Financial information for the three months ended March 31, 2021


			Hamilton						Hamilton		Hamilton
	Hamilton		Essex		345		Hamilton		Minuteman		on Main		Dexter
	Essex 81		Development		Franklin		1025		Apts		Apts		Park		Total
Revenues
Rental Income	$	230,217	$	—	$	333,093	$	24,369	$	284,524	$	816,812	$	3,069,883	$	4,758,898
Laundry and Sundry Income		3,013		—		112		—		1,276		8,777		26,152		39,330
		233,230		—		333,205		24,369		285,800		825,589		3,096,035		4,798,228
Expenses
Administrative		14,556		853		4,803		714		3,583		20,219		46,851		91,579
Depreciation and Amortization		118,942		5,074		85,345		816		84,025		269,915		924,560		1,488,677
Management Fees		5,260		—		12,412		628		11,296		32,375		65,278		127,249
Operating		29,432		—		13,521		91		34,596		124,933		298,094		500,667
Renting		32,784		—		14,328		—		360		30,760		84,955		163,187
Repairs and Maintenance		52,547		—		23,278		—		19,405		122,446		452,895		670,571
Taxes and Insurance		65,539		14,885		43,670		4,797		34,976		110,134		597,786		871,787
		319,060		20,812		197,357		7,046		188,241		710,782		2,470,419		3,913,717
Income Before Other Income		(85,830)		(20,812)		135,848		17,323		97,559		114,807		625,616		884,511
Other Income (Loss)
Interest Expense		(61,312)		—		(90,643)		—		(58,625)		(187,378)		(1,264,708)		(1,662,666)
Gain on Sale of Real Estate		—		—		—		—		—		—		—		—
		(61,312)		—		(90,643)		—		(58,625)		(187,378)		(1,264,708)		(1,662,666)
Net Income (Loss)	$	(147,142)	$	(20,812)	$	45,205	$	17,323	$	38,934	$	(72,571)	$	(639,092)	$	(778,155)
Net Income (Loss)—NERA 50%	$	(73,571)	$	(10,406)	$	22,602	$	8,662	$	19,466	$	(36,286)				(69,534)
Net Income (Loss) —NERA 40%													$	(255,636)		(255,636)
															$	(325,170)

Summary of financial position and income statements relating to investment in unconsolidated joint ventures

Summary financial information at March 31, 2020


				Hamilton									Hamilton			Hamilton
	Hamilton			Essex			345			Hamilton			Minuteman			on Main			Dexter
	Essex 81			Development			Franklin			1025			Apts			Apts			Park			Total
ASSETS
Rental Properties	$	6,977,869		$	2,592,526		$	5,597,090		$	87,267		$	5,240,627		$	15,722,824		$	83,230,537		$	119,448,740
Cash & Cash Equivalents		336,900			105,620			387,085			11,568			234,919			514,145			3,510,840			5,101,077
Rent Receivable		215,143			38,463			—			—			205			12,553			27,015			293,379
Real Estate Tax Escrow		62,924			—			52,215			—			27,345			77,969			—			220,453
Prepaid Expenses & Other Assets		311,711			92,886			76,295			1,682			19,098			185,332			1,559,233			2,246,237
																							0
Total Assets	$	7,904,547		$	2,829,495		$	6,112,685		$	100,517		$	5,522,194		$	16,512,823		$	88,327,625		$	127,309,886
LIABILITIES AND PARTNERS’ CAPITAL
Mortgage Notes Payable	$	9,924,160		$	—		$	9,249,198		$	—		$	5,906,230		$	16,829,107		$	124,472,246		$	166,380,941
Accounts Payable & Accrued Expense		82,063			3,250			103,274			5,948			50,102			152,433			639,480			1,036,550
Advance Rental Pmts& Security Deposits		294,765			—			312,134			—			137,848			439,382			2,744,163			3,928,292
Total Liabilities		10,300,988			3,250			9,664,606			5,948			6,094,180			17,420,922			127,855,889			171,345,783
Partners’ Capital		(2,396,441)			2,826,245			(3,551,921)			94,569			(571,986)			(908,099)			(39,528,264)			(44,035,897)
Total Liabilities and Capital	$	7,904,547		$	2,829,495		$	6,112,685		$	100,517		$	5,522,194		$	16,512,823		$	88,327,625		$	127,309,886
Partners’ Capital %—NERA		50	%		50	%		50	%		50	%		50	%		50	%		40	%
Investment in Unconsolidated Joint Ventures	$	—		$	1,413,123		$	—		$	47,284		$	—		$	—		$	—		$	1,460,406
Distribution and Loss in Excess of investments in Unconsolidated Joint Ventures	$	(1,198,220)		$	—		$	(1,775,961)		$	—		$	(285,993)		$	(454,050)		$	(15,811,306)			(19,525,528)
Total Investment in Unconsolidated Joint Ventures (Net)																							(18,065,122)
Total units/condominiums
Apartments		48			—			40			175			42			148			409			862
Commercial		1			1			—			1			—			—			—			3
Total		49			1			40			176			42			148			409			865
Units to be retained		49			1			40			1			42			148			409			690
Units to be sold		—			—			—			175			—			—			—			175
Units sold through May1, 2020		—			—			—			175			—			—			—			175
Unsold units		—			—			—			—			—			—			—			—
Unsold units with deposits for future sale as of May 1, 2020		—			—			—			—			—			—			—			—

Financial information for three months ended March 31, 2020


										Hamilton		Hamilton
	Hamilton		Hamilton Essex		345		Hamilton			Minuteman		on Main		Dexter
	Essex 81		Development		Franklin		1025			Apts		Apts		Park		Total
Revenues
Rental Income	$	439,380	$	60,471	$	428,150	$	20,558	$	290,693	$	905,700	$	4,206,503	$	6,351,455
Laundry and Sundry Income		3,385		—		454		—		—		8,749		25,742		38,330
		442,765		60,471		428,604		20,558		290,693		914,449		4,232,245		6,389,785
Expenses
Administrative		6,188		650		7,757		10,125		2,481		15,848		47,052		90,101
Depreciation and Amortization		121,642		5,074		84,494		816		86,826		261,047		916,987		1,476,886
Management Fees		17,736		2,203		16,466		822		11,532		34,984		87,082		170,825
Operating		25,524		—		12,988		45		22,226		93,845		310,381		465,009
Renting		2,775		—		8,753		—		3,000		7,720		16,804		39,052
Repairs and Maintenance		27,009		—		21,578		—		10,895		134,837		287,012		481,331
Taxes and Insurance		64,677		15,218		39,906		4,189		36,051		122,762		576,221		859,024
		265,551		23,145		191,942		15,997		173,011		671,043		2,241,539		3,582,228
Income Before Other Income		177,214		37,326		236,662		4,561		117,682		243,406		1,990,706		2,807,557
Other Income (Loss)
Interest Expense		(100,733)		—		(93,426)		—		(59,259)		(192,382)		(1,268,104)		(1,713,904)
Interest Income		—		—		—		—		—		—		—		—
		(100,733)		—		(93,426)		—		(59,259)		(192,382)		(1,268,104)		(1,713,904)
Net Income (Loss)	$	76,481	$	37,326	$	143,236	$	4,561	$	58,423	$	51,024	$	722,602	$	1,093,653
Net Income (Loss)—NERA 50%	$	38,241	$	18,663	$	71,618	$	2,281	$	29,211	$	25,512				185,525
Net Income (Loss)—NERA 40%													$	289,042		289,042
															$	474,567