| Balance Sheets |
|
| Assets |
|
| Cash - operating |
703 |
| Cash and cash equivalents - reserve fund |
5,096 |
| Bank certificates of deposits - reserve fund |
269 |
| Due from shareholders |
225 |
| Due from commercial tenants |
172 |
| Other receivables |
65 |
| Prepaid real estate taxes |
3,047 |
| Prepaid expenses |
293 |
| Property and equipment - net |
34,118 |
| Investment in NCB stock |
107 |
| Security deposits held |
1,121 |
| Total Assets |
45,216 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
643 |
| Capital improvements payable |
1,743 |
| Abatements payable |
1,079 |
| Maintenance charges received in advance |
228 |
| Deferred commercial rent |
680 |
| Mortgage payable |
38,704 |
| Less: Mortgage costs - net |
(327) |
| Security deposits payable |
1,121 |
| Total Liabilities |
43,872 |
| Shareholders' Equity |
|
| Capital stock |
1,064 |
| Additional paid-in capital |
67,079 |
| Retained earnings (deficit) |
(66,800) |
| Total Shareholders' Equity |
1,344 |
| Total Liabilities and Shareholders' Equity |
45,216 |