| Balance Sheets |
|
| Assets |
|
| Cash - operating |
601 |
| Cash and cash equivalents - reserve fund |
8,923 |
| Bank certificates of deposits - reserve fund |
3,342 |
| Due from shareholders |
655 |
| Due from commercial tenants |
208 |
| Other receivables |
19 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
314 |
| Property and equipment - net |
42,579 |
| Investment in NCB stock |
133 |
| Security deposits held |
1,710 |
| Total Assets |
58,483 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
1,011 |
| Capital improvements payable |
-0- |
| Abatements payable |
1,396 |
| Maintenance charges received in advance |
81 |
| Deferred commercial rent |
734 |
| Mortgage payable |
48,295 |
| Less: Mortgage costs - net |
(352) |
| Security deposits payable |
1,710 |
| Total Liabilities |
52,875 |
| Shareholders' Equity |
|
| Capital stock |
1,328 |
| Additional paid-in capital |
83,700 |
| Retained earnings (deficit) |
(79,420) |
| Total Shareholders' Equity |
5,609 |
| Total Liabilities and Shareholders' Equity |
58,483 |