| Balance Sheets |
|
| Assets |
|
| Cash - operating |
1,172 |
| Cash and cash equivalents - reserve fund |
8,494 |
| Bank certificates of deposits - reserve fund |
448 |
| Due from shareholders |
374 |
| Due from commercial tenants |
287 |
| Other receivables |
108 |
| Prepaid real estate taxes |
5,079 |
| Prepaid expenses |
488 |
| Property and equipment - net |
56,864 |
| Investment in NCB stock |
178 |
| Security deposits held |
1,868 |
| Total Assets |
75,360 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
1,072 |
| Capital improvements payable |
2,906 |
| Abatements payable |
1,798 |
| Maintenance charges received in advance |
380 |
| Deferred commercial rent |
1,134 |
| Mortgage payable |
64,507 |
| Less: Mortgage costs - net |
(545) |
| Security deposits payable |
1,868 |
| Total Liabilities |
73,120 |
| Shareholders' Equity |
|
| Capital stock |
1,774 |
| Additional paid-in capital |
111,798 |
| Retained earnings (deficit) |
(111,333) |
| Total Shareholders' Equity |
2,239 |
| Total Liabilities and Shareholders' Equity |
75,360 |