| Balance Sheets |
|
| Assets |
|
| Cash - operating |
508 |
| Cash and cash equivalents - reserve fund |
7,545 |
| Bank certificates of deposits - reserve fund |
2,826 |
| Due from shareholders |
554 |
| Due from commercial tenants |
175 |
| Other receivables |
16 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
265 |
| Property and equipment - net |
36,002 |
| Investment in NCB stock |
113 |
| Security deposits held |
1,446 |
| Total Assets |
49,450 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
855 |
| Capital improvements payable |
-0- |
| Abatements payable |
1,181 |
| Maintenance charges received in advance |
69 |
| Deferred commercial rent |
620 |
| Mortgage payable |
40,836 |
| Less: Mortgage costs - net |
(297) |
| Security deposits payable |
1,446 |
| Total Liabilities |
44,708 |
| Shareholders' Equity |
|
| Capital stock |
1,123 |
| Additional paid-in capital |
70,772 |
| Retained earnings (deficit) |
(67,153) |
| Total Shareholders' Equity |
4,742 |
| Total Liabilities and Shareholders' Equity |
49,450 |