| Balance Sheets |
|
| Assets |
|
| Cash - operating |
658 |
| Cash and cash equivalents - reserve fund |
9,774 |
| Bank certificates of deposits - reserve fund |
3,661 |
| Due from shareholders |
717 |
| Due from commercial tenants |
227 |
| Other receivables |
21 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
344 |
| Property and equipment - net |
46,639 |
| Investment in NCB stock |
146 |
| Security deposits held |
1,873 |
| Total Assets |
64,060 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
1,107 |
| Capital improvements payable |
-0- |
| Abatements payable |
1,529 |
| Maintenance charges received in advance |
89 |
| Deferred commercial rent |
804 |
| Mortgage payable |
52,900 |
| Less: Mortgage costs - net |
(385) |
| Security deposits payable |
1,873 |
| Total Liabilities |
57,916 |
| Shareholders' Equity |
|
| Capital stock |
1,455 |
| Additional paid-in capital |
91,681 |
| Retained earnings (deficit) |
(86,993) |
| Total Shareholders' Equity |
6,143 |
| Total Liabilities and Shareholders' Equity |
64,060 |