| Balance Sheets |
|
| Assets |
|
| Cash - operating |
325 |
| Cash and cash equivalents - reserve fund |
2,355 |
| Bank certificates of deposits - reserve fund |
124 |
| Due from shareholders |
104 |
| Due from commercial tenants |
80 |
| Other receivables |
30 |
| Prepaid real estate taxes |
1,408 |
| Prepaid expenses |
135 |
| Property and equipment - net |
15,768 |
| Investment in NCB stock |
49 |
| Security deposits held |
518 |
| Total Assets |
20,896 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
297 |
| Capital improvements payable |
806 |
| Abatements payable |
499 |
| Maintenance charges received in advance |
105 |
| Deferred commercial rent |
314 |
| Mortgage payable |
17,887 |
| Less: Mortgage costs - net |
(151) |
| Security deposits payable |
518 |
| Total Liabilities |
20,275 |
| Shareholders' Equity |
|
| Capital stock |
492 |
| Additional paid-in capital |
31,000 |
| Retained earnings (deficit) |
(30,871) |
| Total Shareholders' Equity |
621 |
| Total Liabilities and Shareholders' Equity |
20,896 |