| Balance Sheets |
|
| Assets |
|
| Cash - operating |
435 |
| Cash and cash equivalents - reserve fund |
6,462 |
| Bank certificates of deposits - reserve fund |
2,420 |
| Due from shareholders |
474 |
| Due from commercial tenants |
150 |
| Other receivables |
14 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
227 |
| Property and equipment - net |
30,835 |
| Investment in NCB stock |
96 |
| Security deposits held |
1,238 |
| Total Assets |
42,353 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
732 |
| Capital improvements payable |
-0- |
| Abatements payable |
1,011 |
| Maintenance charges received in advance |
59 |
| Deferred commercial rent |
531 |
| Mortgage payable |
34,975 |
| Less: Mortgage costs - net |
(255) |
| Security deposits payable |
1,238 |
| Total Liabilities |
38,291 |
| Shareholders' Equity |
|
| Capital stock |
962 |
| Additional paid-in capital |
60,615 |
| Retained earnings (deficit) |
(57,515) |
| Total Shareholders' Equity |
4,062 |
| Total Liabilities and Shareholders' Equity |
42,353 |