| Balance Sheets |
|
| Assets |
|
| Cash - operating |
1,248 |
| Cash and cash equivalents - reserve fund |
18,522 |
| Bank certificates of deposits - reserve fund |
6,937 |
| Due from shareholders |
1,360 |
| Due from commercial tenants |
431 |
| Other receivables |
39 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
651 |
| Property and equipment - net |
88,379 |
| Investment in NCB stock |
276 |
| Security deposits held |
3,549 |
| Total Assets |
121,391 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
2,098 |
| Capital improvements payable |
-0- |
| Abatements payable |
2,898 |
| Maintenance charges received in advance |
168 |
| Deferred commercial rent |
1,523 |
| Mortgage payable |
100,243 |
| Less: Mortgage costs - net |
(730) |
| Security deposits payable |
3,549 |
| Total Liabilities |
109,749 |
| Shareholders' Equity |
|
| Capital stock |
2,757 |
| Additional paid-in capital |
173,732 |
| Retained earnings (deficit) |
(164,848) |
| Total Shareholders' Equity |
11,641 |
| Total Liabilities and Shareholders' Equity |
121,391 |