| Balance Sheets |
|
| Assets |
|
| Cash - operating |
336 |
| Cash and cash equivalents - reserve fund |
4,993 |
| Bank certificates of deposits - reserve fund |
1,870 |
| Due from shareholders |
366 |
| Due from commercial tenants |
116 |
| Other receivables |
11 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
175 |
| Property and equipment - net |
23,823 |
| Investment in NCB stock |
75 |
| Security deposits held |
957 |
| Total Assets |
32,721 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
566 |
| Capital improvements payable |
-0- |
| Abatements payable |
781 |
| Maintenance charges received in advance |
45 |
| Deferred commercial rent |
411 |
| Mortgage payable |
27,021 |
| Less: Mortgage costs - net |
(197) |
| Security deposits payable |
957 |
| Total Liabilities |
29,583 |
| Shareholders' Equity |
|
| Capital stock |
743 |
| Additional paid-in capital |
46,830 |
| Retained earnings (deficit) |
(44,435) |
| Total Shareholders' Equity |
3,138 |
| Total Liabilities and Shareholders' Equity |
32,721 |