| Balance Sheets |
|
| Assets |
|
| Cash - operating |
961 |
| Cash and cash equivalents - reserve fund |
6,965 |
| Bank certificates of deposits - reserve fund |
367 |
| Due from shareholders |
307 |
| Due from commercial tenants |
235 |
| Other receivables |
88 |
| Prepaid real estate taxes |
4,165 |
| Prepaid expenses |
400 |
| Property and equipment - net |
46,632 |
| Investment in NCB stock |
146 |
| Security deposits held |
1,532 |
| Total Assets |
61,799 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
879 |
| Capital improvements payable |
2,383 |
| Abatements payable |
1,475 |
| Maintenance charges received in advance |
312 |
| Deferred commercial rent |
930 |
| Mortgage payable |
52,900 |
| Less: Mortgage costs - net |
(447) |
| Security deposits payable |
1,532 |
| Total Liabilities |
59,963 |
| Shareholders' Equity |
|
| Capital stock |
1,455 |
| Additional paid-in capital |
91,681 |
| Retained earnings (deficit) |
(91,300) |
| Total Shareholders' Equity |
1,836 |
| Total Liabilities and Shareholders' Equity |
61,799 |