| Balance Sheets |
|
| Assets |
|
| Cash - operating |
334 |
| Cash and cash equivalents - reserve fund |
4,965 |
| Bank certificates of deposits - reserve fund |
1,859 |
| Due from shareholders |
364 |
| Due from commercial tenants |
115 |
| Other receivables |
10 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
174 |
| Property and equipment - net |
23,688 |
| Investment in NCB stock |
74 |
| Security deposits held |
951 |
| Total Assets |
32,537 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
562 |
| Capital improvements payable |
-0- |
| Abatements payable |
777 |
| Maintenance charges received in advance |
45 |
| Deferred commercial rent |
408 |
| Mortgage payable |
26,869 |
| Less: Mortgage costs - net |
(196) |
| Security deposits payable |
951 |
| Total Liabilities |
29,416 |
| Shareholders' Equity |
|
| Capital stock |
739 |
| Additional paid-in capital |
46,566 |
| Retained earnings (deficit) |
(44,185) |
| Total Shareholders' Equity |
3,120 |
| Total Liabilities and Shareholders' Equity |
32,537 |