| Balance Sheets |
|
| Assets |
|
| Cash - operating |
391 |
| Cash and cash equivalents - reserve fund |
5,808 |
| Bank certificates of deposits - reserve fund |
2,175 |
| Due from shareholders |
426 |
| Due from commercial tenants |
135 |
| Other receivables |
12 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
204 |
| Property and equipment - net |
27,715 |
| Investment in NCB stock |
87 |
| Security deposits held |
1,113 |
| Total Assets |
38,067 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
658 |
| Capital improvements payable |
-0- |
| Abatements payable |
909 |
| Maintenance charges received in advance |
53 |
| Deferred commercial rent |
478 |
| Mortgage payable |
31,435 |
| Less: Mortgage costs - net |
(229) |
| Security deposits payable |
1,113 |
| Total Liabilities |
34,416 |
| Shareholders' Equity |
|
| Capital stock |
865 |
| Additional paid-in capital |
54,481 |
| Retained earnings (deficit) |
(51,695) |
| Total Shareholders' Equity |
3,651 |
| Total Liabilities and Shareholders' Equity |
38,067 |