| Balance Sheets |
|
| Assets |
|
| Cash - operating |
1,822 |
| Cash and cash equivalents - reserve fund |
13,199 |
| Bank certificates of deposits - reserve fund |
696 |
| Due from shareholders |
582 |
| Due from commercial tenants |
446 |
| Other receivables |
167 |
| Prepaid real estate taxes |
7,892 |
| Prepaid expenses |
759 |
| Property and equipment - net |
88,365 |
| Investment in NCB stock |
276 |
| Security deposits held |
2,904 |
| Total Assets |
117,107 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
1,666 |
| Capital improvements payable |
4,515 |
| Abatements payable |
2,795 |
| Maintenance charges received in advance |
591 |
| Deferred commercial rent |
1,762 |
| Mortgage payable |
100,243 |
| Less: Mortgage costs - net |
(848) |
| Security deposits payable |
2,904 |
| Total Liabilities |
113,628 |
| Shareholders' Equity |
|
| Capital stock |
2,757 |
| Additional paid-in capital |
173,732 |
| Retained earnings (deficit) |
(173,010) |
| Total Shareholders' Equity |
3,480 |
| Total Liabilities and Shareholders' Equity |
117,107 |