| Balance Sheets |
|
| Assets |
|
| Cash - operating |
423 |
| Cash and cash equivalents - reserve fund |
6,279 |
| Bank certificates of deposits - reserve fund |
2,352 |
| Due from shareholders |
461 |
| Due from commercial tenants |
146 |
| Other receivables |
13 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
221 |
| Property and equipment - net |
29,963 |
| Investment in NCB stock |
94 |
| Security deposits held |
1,203 |
| Total Assets |
41,155 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
711 |
| Capital improvements payable |
-0- |
| Abatements payable |
983 |
| Maintenance charges received in advance |
57 |
| Deferred commercial rent |
516 |
| Mortgage payable |
33,985 |
| Less: Mortgage costs - net |
(248) |
| Security deposits payable |
1,203 |
| Total Liabilities |
37,208 |
| Shareholders' Equity |
|
| Capital stock |
935 |
| Additional paid-in capital |
58,900 |
| Retained earnings (deficit) |
(55,888) |
| Total Shareholders' Equity |
3,947 |
| Total Liabilities and Shareholders' Equity |
41,155 |