| Balance Sheets |
|
| Assets |
|
| Cash - operating |
360 |
| Cash and cash equivalents - reserve fund |
5,344 |
| Bank certificates of deposits - reserve fund |
2,001 |
| Due from shareholders |
392 |
| Due from commercial tenants |
124 |
| Other receivables |
11 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
188 |
| Property and equipment - net |
25,500 |
| Investment in NCB stock |
80 |
| Security deposits held |
1,024 |
| Total Assets |
35,025 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
605 |
| Capital improvements payable |
-0- |
| Abatements payable |
836 |
| Maintenance charges received in advance |
49 |
| Deferred commercial rent |
439 |
| Mortgage payable |
28,924 |
| Less: Mortgage costs - net |
(211) |
| Security deposits payable |
1,024 |
| Total Liabilities |
31,666 |
| Shareholders' Equity |
|
| Capital stock |
795 |
| Additional paid-in capital |
50,128 |
| Retained earnings (deficit) |
(47,564) |
| Total Shareholders' Equity |
3,359 |
| Total Liabilities and Shareholders' Equity |
35,025 |