| Balance Sheets |
|
| Assets |
|
| Cash - operating |
618 |
| Cash and cash equivalents - reserve fund |
4,475 |
| Bank certificates of deposits - reserve fund |
236 |
| Due from shareholders |
197 |
| Due from commercial tenants |
151 |
| Other receivables |
57 |
| Prepaid real estate taxes |
2,676 |
| Prepaid expenses |
257 |
| Property and equipment - net |
29,958 |
| Investment in NCB stock |
94 |
| Security deposits held |
984 |
| Total Assets |
39,703 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
565 |
| Capital improvements payable |
1,531 |
| Abatements payable |
948 |
| Maintenance charges received in advance |
200 |
| Deferred commercial rent |
597 |
| Mortgage payable |
33,985 |
| Less: Mortgage costs - net |
(287) |
| Security deposits payable |
984 |
| Total Liabilities |
38,523 |
| Shareholders' Equity |
|
| Capital stock |
935 |
| Additional paid-in capital |
58,900 |
| Retained earnings (deficit) |
(58,655) |
| Total Shareholders' Equity |
1,180 |
| Total Liabilities and Shareholders' Equity |
39,703 |