Ontario · Receivership (court-appointed)

Supplemental Report of the Interim Receiver dated February 18, 2022

Court officer report · 18 February 2022

AI summary

A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.

What we verified from this filing1 verified

financial positionnote: Total account balances of $889,417 (Receiver's trust account $823,497 + Co-op's account $65,920) less total funds reserved for repayment/capital projects of $884,286 (2020 subsidy overpayment $119,244; estimated 2021 subsidy overpayment $176,280; COCHI funding deposits of $300,000, $20,205, $27,000, $4,500; issued and uncashed cheques $237,057), leaving balance of funds available of $5,131. Report states 'there are no surplus funds available from the Co-Op's bank accounts.' · as at: 2022-01-31 · basis: Interim Receiver's calculation of bank account balances and reserved obligations · scope: entity - Upwood Park/Salvador Del Mundo Cooperative Homes Inc. · currency: CAD · total assets: 889417