| Balance Sheets |
|
| Assets |
|
| Cash - operating |
674 |
| Cash and cash equivalents - reserve fund |
4,886 |
| Bank certificates of deposits - reserve fund |
258 |
| Due from shareholders |
215 |
| Due from commercial tenants |
165 |
| Other receivables |
62 |
| Prepaid real estate taxes |
2,921 |
| Prepaid expenses |
281 |
| Property and equipment - net |
32,709 |
| Investment in NCB stock |
102 |
| Security deposits held |
1,075 |
| Total Assets |
43,348 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
617 |
| Capital improvements payable |
1,671 |
| Abatements payable |
1,035 |
| Maintenance charges received in advance |
219 |
| Deferred commercial rent |
652 |
| Mortgage payable |
37,106 |
| Less: Mortgage costs - net |
(314) |
| Security deposits payable |
1,075 |
| Total Liabilities |
42,060 |
| Shareholders' Equity |
|
| Capital stock |
1,021 |
| Additional paid-in capital |
64,309 |
| Retained earnings (deficit) |
(64,041) |
| Total Shareholders' Equity |
1,288 |
| Total Liabilities and Shareholders' Equity |
43,348 |