| Balance Sheets |
|
| Assets |
|
| Cash - operating |
803 |
| Cash and cash equivalents - reserve fund |
11,919 |
| Bank certificates of deposits - reserve fund |
4,464 |
| Due from shareholders |
875 |
| Due from commercial tenants |
277 |
| Other receivables |
25 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
419 |
| Property and equipment - net |
56,872 |
| Investment in NCB stock |
178 |
| Security deposits held |
2,284 |
| Total Assets |
78,116 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
1,350 |
| Capital improvements payable |
-0- |
| Abatements payable |
1,865 |
| Maintenance charges received in advance |
108 |
| Deferred commercial rent |
980 |
| Mortgage payable |
64,507 |
| Less: Mortgage costs - net |
(470) |
| Security deposits payable |
2,284 |
| Total Liabilities |
70,625 |
| Shareholders' Equity |
|
| Capital stock |
1,774 |
| Additional paid-in capital |
111,798 |
| Retained earnings (deficit) |
(106,081) |
| Total Shareholders' Equity |
7,491 |
| Total Liabilities and Shareholders' Equity |
78,116 |