| Balance Sheets |
|
| Assets |
|
| Cash - operating |
526 |
| Cash and cash equivalents - reserve fund |
3,808 |
| Bank certificates of deposits - reserve fund |
201 |
| Due from shareholders |
168 |
| Due from commercial tenants |
129 |
| Other receivables |
48 |
| Prepaid real estate taxes |
2,277 |
| Prepaid expenses |
219 |
| Property and equipment - net |
25,496 |
| Investment in NCB stock |
80 |
| Security deposits held |
838 |
| Total Assets |
33,790 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
481 |
| Capital improvements payable |
1,303 |
| Abatements payable |
806 |
| Maintenance charges received in advance |
170 |
| Deferred commercial rent |
508 |
| Mortgage payable |
28,924 |
| Less: Mortgage costs - net |
(245) |
| Security deposits payable |
838 |
| Total Liabilities |
32,786 |
| Shareholders' Equity |
|
| Capital stock |
795 |
| Additional paid-in capital |
50,128 |
| Retained earnings (deficit) |
(49,919) |
| Total Shareholders' Equity |
1,004 |
| Total Liabilities and Shareholders' Equity |
33,790 |