| Balance Sheets |
|
| Assets |
|
| Cash - operating |
264 |
| Cash and cash equivalents - reserve fund |
3,917 |
| Bank certificates of deposits - reserve fund |
1,467 |
| Due from shareholders |
288 |
| Due from commercial tenants |
91 |
| Other receivables |
8 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
138 |
| Property and equipment - net |
18,689 |
| Investment in NCB stock |
58 |
| Security deposits held |
750 |
| Total Assets |
25,670 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
444 |
| Capital improvements payable |
-0- |
| Abatements payable |
613 |
| Maintenance charges received in advance |
36 |
| Deferred commercial rent |
322 |
| Mortgage payable |
21,198 |
| Less: Mortgage costs - net |
(154) |
| Security deposits payable |
750 |
| Total Liabilities |
23,208 |
| Shareholders' Equity |
|
| Capital stock |
583 |
| Additional paid-in capital |
36,738 |
| Retained earnings (deficit) |
(34,860) |
| Total Shareholders' Equity |
2,462 |
| Total Liabilities and Shareholders' Equity |
25,670 |