| Balance Sheets |
|
| Assets |
|
| Cash - operating |
878 |
| Cash and cash equivalents - reserve fund |
6,359 |
| Bank certificates of deposits - reserve fund |
335 |
| Due from shareholders |
280 |
| Due from commercial tenants |
215 |
| Other receivables |
80 |
| Prepaid real estate taxes |
3,802 |
| Prepaid expenses |
365 |
| Property and equipment - net |
42,572 |
| Investment in NCB stock |
133 |
| Security deposits held |
1,399 |
| Total Assets |
56,420 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
803 |
| Capital improvements payable |
2,175 |
| Abatements payable |
1,346 |
| Maintenance charges received in advance |
285 |
| Deferred commercial rent |
849 |
| Mortgage payable |
48,295 |
| Less: Mortgage costs - net |
(408) |
| Security deposits payable |
1,399 |
| Total Liabilities |
54,743 |
| Shareholders' Equity |
|
| Capital stock |
1,328 |
| Additional paid-in capital |
83,700 |
| Retained earnings (deficit) |
(83,352) |
| Total Shareholders' Equity |
1,676 |
| Total Liabilities and Shareholders' Equity |
56,420 |