| Balance Sheets |
|
| Assets |
|
| Cash - operating |
364 |
| Cash and cash equivalents - reserve fund |
5,408 |
| Bank certificates of deposits - reserve fund |
2,025 |
| Due from shareholders |
397 |
| Due from commercial tenants |
126 |
| Other receivables |
11 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
190 |
| Property and equipment - net |
25,802 |
| Investment in NCB stock |
81 |
| Security deposits held |
1,036 |
| Total Assets |
35,440 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
612 |
| Capital improvements payable |
-0- |
| Abatements payable |
846 |
| Maintenance charges received in advance |
49 |
| Deferred commercial rent |
445 |
| Mortgage payable |
29,266 |
| Less: Mortgage costs - net |
(213) |
| Security deposits payable |
1,036 |
| Total Liabilities |
32,041 |
| Shareholders' Equity |
|
| Capital stock |
805 |
| Additional paid-in capital |
50,721 |
| Retained earnings (deficit) |
(48,128) |
| Total Shareholders' Equity |
3,399 |
| Total Liabilities and Shareholders' Equity |
35,440 |