| Balance Sheets |
|
| Assets |
|
| Cash - operating |
323 |
| Cash and cash equivalents - reserve fund |
4,789 |
| Bank certificates of deposits - reserve fund |
1,793 |
| Due from shareholders |
352 |
| Due from commercial tenants |
111 |
| Other receivables |
10 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
168 |
| Property and equipment - net |
22,850 |
| Investment in NCB stock |
71 |
| Security deposits held |
917 |
| Total Assets |
31,385 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
542 |
| Capital improvements payable |
-0- |
| Abatements payable |
749 |
| Maintenance charges received in advance |
43 |
| Deferred commercial rent |
394 |
| Mortgage payable |
25,917 |
| Less: Mortgage costs - net |
(189) |
| Security deposits payable |
917 |
| Total Liabilities |
28,375 |
| Shareholders' Equity |
|
| Capital stock |
713 |
| Additional paid-in capital |
44,917 |
| Retained earnings (deficit) |
(42,620) |
| Total Shareholders' Equity |
3,010 |
| Total Liabilities and Shareholders' Equity |
31,385 |