Philadelphia Model Homes Company
The Returns for 1916. (See pages [60]–65.)
| Total Possible Income from January 1st, 1916 to Dec. 31st, 1916 | $6,144.00 | ||
| Unlets | 124.35 | ||
| Total Net Collections | $6,019.65 | ||
| EXPENSES | |||
| Repairs | $265.35 | ||
| State and Federal Taxes | 120.27 | ||
| City Taxes, 1916 | 779.97 | ||
| Water Rents, 1916 | 382.50 | ||
| Insurance, Fire and Liability | 75.97 | ||
| One-half of one month’s rent to tenants | 129.40 | ||
| Interest on $43,550 at 4.4% per annum | 1,916.20 | ||
| Depreciation | 500.00 | ||
| 7½% Commission on Collections | 451.40 | ||
| $4,621.06 | |||
| $1,398.59 | |||
| Cost of Lot | $10,332.50 | ||
| Cost of Houses | 53,217.50 | ||
| Total | $63,550.00 | ||
| Cash Invested by Octavia Hill Association | $20,000.00 | ||
| On mortgages at 4.4% per annum | $43,550.00 | ||
| Net Percentage on $20,000 invested by Octavia Hill Association | 6.6% | ||
Reports of the Philadelphia Housing Association may be had from the Secretary, John Ihlder, at 130 South Fifteenth Street. A list of Low-Cost Housing Developments in the United States, carefully annotated by Mr. Nolen, is given in the pamphlet entitled “A Good Home for Every Wage Earner,” by John Nolen, Sc.D., City Planner; published by the American Civic Association, Union Trust Building, Washington, D. C.