Meaford Haven

Year 1 to 10 Pro-forma
Independent Supportive Living, Assisted Living
93% Stabilized Occupancy
95 Units

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Year 10
Total

REVENUE
Rental
Care
Miscellaneous

EXPENSES
Salaries & Benefits
Administration
Marketing
Nursing
Food Services
Activities
Building Services

Administration expense
Marketing expenses
Nursing supplies
Food Costs
Food services supplies
Activities expenses
Laundry & Hskpg supplies
Repairs and maintenance
Utilities
Real Estate Taxes
Total expenses

666,538
37,800
8,550
712,888

2,005,595
137,700
22,140
2,165,435

2,780,085
167,400
31,440
2,978,925

2,923,218
192,780
32,520
3,148,518

2,981,682
196,636
33,170
3,211,488

3,041,316
200,568
33,834
3,275,718

3,102,142
204,580
34,510
3,341,232

3,164,185
208,671
35,201
3,408,057

3,227,469
212,845
35,905
3,476,218

3,292,018
217,102
36,623
3,545,743

27,184,249
1,776,081
303,893
29,264,223

154,410
57,934
234,440
152,680
37,416
98,729
735,610

170,825
57,934
298,747
267,161
37,416
118,282
950,364

170,825
57,934
330,900
339,317
37,416
129,145
1,065,536

176,732
59,937
342,342
351,050
38,710
133,610
1,102,381

180,266
61,136
349,189
358,071
39,484
136,282
1,124,428

183,872
62,359
356,173
365,232
40,273
139,008
1,146,917

187,549
63,606
363,296
372,537
41,079
141,788
1,169,855

191,300
64,878
370,562
379,987
41,900
144,624
1,193,252

195,126
66,176
377,973
387,587
42,738
147,517
1,217,117

199,029
67,499
385,533
395,339
43,593
150,467
1,241,460

1,809,935
619,393
3,409,154
3,368,960
400,025
1,339,453
10,946,920

61,100
92,400
3,600
40,744
15,000
9,000
10,200
64,525
112,800
45,000
1,189,979

69,850
94,800
3,600
118,592
19,860
9,648
15,000
81,726
117,600
55,000
1,536,040

69,850
42,000
3,600
178,412
23,929
9,648
19,200
87,786
119,400
70,000
1,689,361

71,057
42,840
3,672
187,337
24,408
9,793
19,584
89,111
121,788
71,400
1,743,370

72,478
43,697
3,745
191,084
24,896
9,989
19,976
90,894
124,224
72,828
1,778,238

73,928
44,571
3,820
194,905
25,394
10,188
20,375
92,712
126,708
74,285
1,813,803

75,406
45,462
3,897
198,803
25,902
10,392
20,783
94,566
129,242
75,770
1,850,079

76,914
46,371
3,975
202,779
26,420
10,600
21,198
96,457
131,827
77,286
1,887,080

78,453
47,299
4,054
206,835
26,948
10,812
21,622
98,386
134,464
78,831
1,924,822

80,022
48,245
4,135
210,972
27,487
11,028
22,055
100,354
137,153
80,408
1,963,318

729,058
547,685
38,099
1,730,463
240,244
101,098
189,993
896,516
1,255,207
700,808
17,376,090

Operating income
Management fee
HST 13%

(477,091)
120,000
15,600

629,395
105,243
13,682

1,289,564
105,000
13,650

1,405,148
90,000
11,700

1,433,251
90,000
11,700

1,461,916
90,000
11,700

1,491,154
90,000
11,700

1,520,977
90,000
11,700

1,551,397
90,000
11,700

1,582,424
90,000
11,700

11,888,133
960,243
124,832

EBITDA

(612,691)

510,470

1,170,914

1,303,448

1,331,551

1,360,216

1,389,454

1,419,277

1,449,697

1,480,724

10,803,058

Oct-06-10

Prepared by International Care Management Services (ICMS).

This document is not to be reproduced, transmitted or included with other documents without the prior written approval of ICMS.