| Balance Sheets |
|
| Assets |
|
| Cash - operating |
448 |
| Cash and cash equivalents - reserve fund |
6,652 |
| Bank certificates of deposits - reserve fund |
2,491 |
| Due from shareholders |
488 |
| Due from commercial tenants |
155 |
| Other receivables |
14 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
234 |
| Property and equipment - net |
31,741 |
| Investment in NCB stock |
99 |
| Security deposits held |
1,275 |
| Total Assets |
43,597 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
753 |
| Capital improvements payable |
-0- |
| Abatements payable |
1,041 |
| Maintenance charges received in advance |
60 |
| Deferred commercial rent |
547 |
| Mortgage payable |
36,002 |
| Less: Mortgage costs - net |
(262) |
| Security deposits payable |
1,275 |
| Total Liabilities |
39,416 |
| Shareholders' Equity |
|
| Capital stock |
990 |
| Additional paid-in capital |
62,396 |
| Retained earnings (deficit) |
(59,205) |
| Total Shareholders' Equity |
4,181 |
| Total Liabilities and Shareholders' Equity |
43,597 |