| Balance Sheets |
|
| Assets |
|
| Cash - operating |
635 |
| Cash and cash equivalents - reserve fund |
9,423 |
| Bank certificates of deposits - reserve fund |
3,529 |
| Due from shareholders |
692 |
| Due from commercial tenants |
219 |
| Other receivables |
20 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
331 |
| Property and equipment - net |
44,961 |
| Investment in NCB stock |
141 |
| Security deposits held |
1,805 |
| Total Assets |
61,755 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
1,067 |
| Capital improvements payable |
-0- |
| Abatements payable |
1,474 |
| Maintenance charges received in advance |
86 |
| Deferred commercial rent |
775 |
| Mortgage payable |
50,997 |
| Less: Mortgage costs - net |
(371) |
| Security deposits payable |
1,805 |
| Total Liabilities |
55,833 |
| Shareholders' Equity |
|
| Capital stock |
1,403 |
| Additional paid-in capital |
88,383 |
| Retained earnings (deficit) |
(83,863) |
| Total Shareholders' Equity |
5,922 |
| Total Liabilities and Shareholders' Equity |
61,755 |