| Balance Sheets |
|
| Assets |
|
| Cash - operating |
355 |
| Cash and cash equivalents - reserve fund |
5,274 |
| Bank certificates of deposits - reserve fund |
1,975 |
| Due from shareholders |
387 |
| Due from commercial tenants |
123 |
| Other receivables |
11 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
185 |
| Property and equipment - net |
25,165 |
| Investment in NCB stock |
79 |
| Security deposits held |
1,010 |
| Total Assets |
34,565 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
597 |
| Capital improvements payable |
-0- |
| Abatements payable |
825 |
| Maintenance charges received in advance |
48 |
| Deferred commercial rent |
434 |
| Mortgage payable |
28,543 |
| Less: Mortgage costs - net |
(208) |
| Security deposits payable |
1,010 |
| Total Liabilities |
31,250 |
| Shareholders' Equity |
|
| Capital stock |
785 |
| Additional paid-in capital |
49,468 |
| Retained earnings (deficit) |
(46,938) |
| Total Shareholders' Equity |
3,315 |
| Total Liabilities and Shareholders' Equity |
34,565 |