| Balance Sheets |
|
| Assets |
|
| Cash - operating |
521 |
| Cash and cash equivalents - reserve fund |
7,735 |
| Bank certificates of deposits - reserve fund |
2,897 |
| Due from shareholders |
568 |
| Due from commercial tenants |
180 |
| Other receivables |
16 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
272 |
| Property and equipment - net |
36,908 |
| Investment in NCB stock |
115 |
| Security deposits held |
1,482 |
| Total Assets |
50,695 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
876 |
| Capital improvements payable |
-0- |
| Abatements payable |
1,210 |
| Maintenance charges received in advance |
70 |
| Deferred commercial rent |
636 |
| Mortgage payable |
41,863 |
| Less: Mortgage costs - net |
(305) |
| Security deposits payable |
1,482 |
| Total Liabilities |
45,833 |
| Shareholders' Equity |
|
| Capital stock |
1,151 |
| Additional paid-in capital |
72,553 |
| Retained earnings (deficit) |
(68,843) |
| Total Shareholders' Equity |
4,862 |
| Total Liabilities and Shareholders' Equity |
50,695 |