| Balance Sheets |
|
| Assets |
|
| Cash - operating |
927 |
| Cash and cash equivalents - reserve fund |
6,715 |
| Bank certificates of deposits - reserve fund |
354 |
| Due from shareholders |
296 |
| Due from commercial tenants |
227 |
| Other receivables |
85 |
| Prepaid real estate taxes |
4,015 |
| Prepaid expenses |
386 |
| Property and equipment - net |
44,954 |
| Investment in NCB stock |
141 |
| Security deposits held |
1,477 |
| Total Assets |
59,576 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
847 |
| Capital improvements payable |
2,297 |
| Abatements payable |
1,422 |
| Maintenance charges received in advance |
300 |
| Deferred commercial rent |
896 |
| Mortgage payable |
50,997 |
| Less: Mortgage costs - net |
(431) |
| Security deposits payable |
1,477 |
| Total Liabilities |
57,806 |
| Shareholders' Equity |
|
| Capital stock |
1,403 |
| Additional paid-in capital |
88,383 |
| Retained earnings (deficit) |
(88,016) |
| Total Shareholders' Equity |
1,770 |
| Total Liabilities and Shareholders' Equity |
59,576 |