| Balance Sheets |
|
| Assets |
|
| Cash - operating |
742 |
| Cash and cash equivalents - reserve fund |
5,377 |
| Bank certificates of deposits - reserve fund |
284 |
| Due from shareholders |
237 |
| Due from commercial tenants |
182 |
| Other receivables |
68 |
| Prepaid real estate taxes |
3,215 |
| Prepaid expenses |
309 |
| Property and equipment - net |
35,997 |
| Investment in NCB stock |
113 |
| Security deposits held |
1,183 |
| Total Assets |
47,706 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
679 |
| Capital improvements payable |
1,839 |
| Abatements payable |
1,138 |
| Maintenance charges received in advance |
241 |
| Deferred commercial rent |
718 |
| Mortgage payable |
40,836 |
| Less: Mortgage costs - net |
(345) |
| Security deposits payable |
1,183 |
| Total Liabilities |
46,288 |
| Shareholders' Equity |
|
| Capital stock |
1,123 |
| Additional paid-in capital |
70,772 |
| Retained earnings (deficit) |
(70,478) |
| Total Shareholders' Equity |
1,417 |
| Total Liabilities and Shareholders' Equity |
47,706 |