| Balance Sheets |
|
| Assets |
|
| Cash - operating |
462 |
| Cash and cash equivalents - reserve fund |
6,856 |
| Bank certificates of deposits - reserve fund |
2,568 |
| Due from shareholders |
503 |
| Due from commercial tenants |
159 |
| Other receivables |
14 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
241 |
| Property and equipment - net |
32,714 |
| Investment in NCB stock |
102 |
| Security deposits held |
1,314 |
| Total Assets |
44,934 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
777 |
| Capital improvements payable |
-0- |
| Abatements payable |
1,073 |
| Maintenance charges received in advance |
62 |
| Deferred commercial rent |
564 |
| Mortgage payable |
37,106 |
| Less: Mortgage costs - net |
(270) |
| Security deposits payable |
1,314 |
| Total Liabilities |
40,625 |
| Shareholders' Equity |
|
| Capital stock |
1,021 |
| Additional paid-in capital |
64,309 |
| Retained earnings (deficit) |
(61,020) |
| Total Shareholders' Equity |
4,309 |
| Total Liabilities and Shareholders' Equity |
44,934 |