| Balance Sheets |
|
| Assets |
|
| Cash - operating |
380 |
| Cash and cash equivalents - reserve fund |
5,647 |
| Bank certificates of deposits - reserve fund |
2,115 |
| Due from shareholders |
414 |
| Due from commercial tenants |
131 |
| Other receivables |
12 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
198 |
| Property and equipment - net |
26,943 |
| Investment in NCB stock |
84 |
| Security deposits held |
1,082 |
| Total Assets |
37,007 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
640 |
| Capital improvements payable |
-0- |
| Abatements payable |
884 |
| Maintenance charges received in advance |
51 |
| Deferred commercial rent |
464 |
| Mortgage payable |
30,560 |
| Less: Mortgage costs - net |
(223) |
| Security deposits payable |
1,082 |
| Total Liabilities |
33,458 |
| Shareholders' Equity |
|
| Capital stock |
840 |
| Additional paid-in capital |
52,964 |
| Retained earnings (deficit) |
(50,255) |
| Total Shareholders' Equity |
3,549 |
| Total Liabilities and Shareholders' Equity |
37,007 |