| Balance Sheets |
|
| Assets |
|
| Cash - operating |
482 |
| Cash and cash equivalents - reserve fund |
7,151 |
| Bank certificates of deposits - reserve fund |
2,678 |
| Due from shareholders |
525 |
| Due from commercial tenants |
166 |
| Other receivables |
15 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
251 |
| Property and equipment - net |
34,123 |
| Investment in NCB stock |
107 |
| Security deposits held |
1,370 |
| Total Assets |
46,870 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
810 |
| Capital improvements payable |
-0- |
| Abatements payable |
1,119 |
| Maintenance charges received in advance |
65 |
| Deferred commercial rent |
588 |
| Mortgage payable |
38,704 |
| Less: Mortgage costs - net |
(282) |
| Security deposits payable |
1,370 |
| Total Liabilities |
42,375 |
| Shareholders' Equity |
|
| Capital stock |
1,064 |
| Additional paid-in capital |
67,079 |
| Retained earnings (deficit) |
(63,649) |
| Total Shareholders' Equity |
4,495 |
| Total Liabilities and Shareholders' Equity |
46,870 |