| Balance Sheets |
|
| Assets |
|
| Cash - operating |
761 |
| Cash and cash equivalents - reserve fund |
5,512 |
| Bank certificates of deposits - reserve fund |
291 |
| Due from shareholders |
243 |
| Due from commercial tenants |
186 |
| Other receivables |
70 |
| Prepaid real estate taxes |
3,296 |
| Prepaid expenses |
317 |
| Property and equipment - net |
36,903 |
| Investment in NCB stock |
115 |
| Security deposits held |
1,213 |
| Total Assets |
48,906 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
696 |
| Capital improvements payable |
1,886 |
| Abatements payable |
1,167 |
| Maintenance charges received in advance |
247 |
| Deferred commercial rent |
736 |
| Mortgage payable |
41,863 |
| Less: Mortgage costs - net |
(354) |
| Security deposits payable |
1,213 |
| Total Liabilities |
47,453 |
| Shareholders' Equity |
|
| Capital stock |
1,151 |
| Additional paid-in capital |
72,553 |
| Retained earnings (deficit) |
(72,252) |
| Total Shareholders' Equity |
1,453 |
| Total Liabilities and Shareholders' Equity |
48,906 |