| Balance Sheets |
|
| Assets |
|
| Cash - operating |
404 |
| Cash and cash equivalents - reserve fund |
5,991 |
| Bank certificates of deposits - reserve fund |
2,244 |
| Due from shareholders |
440 |
| Due from commercial tenants |
139 |
| Other receivables |
13 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
211 |
| Property and equipment - net |
28,587 |
| Investment in NCB stock |
89 |
| Security deposits held |
1,148 |
| Total Assets |
39,265 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
679 |
| Capital improvements payable |
-0- |
| Abatements payable |
937 |
| Maintenance charges received in advance |
54 |
| Deferred commercial rent |
493 |
| Mortgage payable |
32,425 |
| Less: Mortgage costs - net |
(236) |
| Security deposits payable |
1,148 |
| Total Liabilities |
35,500 |
| Shareholders' Equity |
|
| Capital stock |
892 |
| Additional paid-in capital |
56,196 |
| Retained earnings (deficit) |
(53,322) |
| Total Shareholders' Equity |
3,766 |
| Total Liabilities and Shareholders' Equity |
39,265 |