| Balance Sheets |
|
| Assets |
|
| Cash - operating |
654 |
| Cash and cash equivalents - reserve fund |
4,741 |
| Bank certificates of deposits - reserve fund |
250 |
| Due from shareholders |
209 |
| Due from commercial tenants |
160 |
| Other receivables |
60 |
| Prepaid real estate taxes |
2,834 |
| Prepaid expenses |
272 |
| Property and equipment - net |
31,736 |
| Investment in NCB stock |
99 |
| Security deposits held |
1,043 |
| Total Assets |
42,059 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
598 |
| Capital improvements payable |
1,622 |
| Abatements payable |
1,004 |
| Maintenance charges received in advance |
212 |
| Deferred commercial rent |
633 |
| Mortgage payable |
36,002 |
| Less: Mortgage costs - net |
(304) |
| Security deposits payable |
1,043 |
| Total Liabilities |
40,809 |
| Shareholders' Equity |
|
| Capital stock |
990 |
| Additional paid-in capital |
62,396 |
| Retained earnings (deficit) |
(62,136) |
| Total Shareholders' Equity |
1,250 |
| Total Liabilities and Shareholders' Equity |
42,059 |