| Balance Sheets |
|
| Assets |
|
| Cash - operating |
495 |
| Cash and cash equivalents - reserve fund |
7,348 |
| Bank certificates of deposits - reserve fund |
2,752 |
| Due from shareholders |
539 |
| Due from commercial tenants |
171 |
| Other receivables |
16 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
258 |
| Property and equipment - net |
35,063 |
| Investment in NCB stock |
110 |
| Security deposits held |
1,408 |
| Total Assets |
48,160 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
832 |
| Capital improvements payable |
-0- |
| Abatements payable |
1,150 |
| Maintenance charges received in advance |
67 |
| Deferred commercial rent |
604 |
| Mortgage payable |
39,770 |
| Less: Mortgage costs - net |
(290) |
| Security deposits payable |
1,408 |
| Total Liabilities |
43,541 |
| Shareholders' Equity |
|
| Capital stock |
1,094 |
| Additional paid-in capital |
68,926 |
| Retained earnings (deficit) |
(65,401) |
| Total Shareholders' Equity |
4,619 |
| Total Liabilities and Shareholders' Equity |
48,160 |