| Balance Sheets |
|
| Assets |
|
| Cash - operating |
723 |
| Cash and cash equivalents - reserve fund |
5,237 |
| Bank certificates of deposits - reserve fund |
276 |
| Due from shareholders |
231 |
| Due from commercial tenants |
177 |
| Other receivables |
66 |
| Prepaid real estate taxes |
3,131 |
| Prepaid expenses |
301 |
| Property and equipment - net |
35,058 |
| Investment in NCB stock |
110 |
| Security deposits held |
1,152 |
| Total Assets |
46,461 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
661 |
| Capital improvements payable |
1,791 |
| Abatements payable |
1,109 |
| Maintenance charges received in advance |
234 |
| Deferred commercial rent |
699 |
| Mortgage payable |
39,770 |
| Less: Mortgage costs - net |
(336) |
| Security deposits payable |
1,152 |
| Total Liabilities |
45,080 |
| Shareholders' Equity |
|
| Capital stock |
1,094 |
| Additional paid-in capital |
68,926 |
| Retained earnings (deficit) |
(68,639) |
| Total Shareholders' Equity |
1,380 |
| Total Liabilities and Shareholders' Equity |
46,461 |