| Balance Sheets |
|
| Assets |
|
| Cash - operating |
223 |
| Cash and cash equivalents - reserve fund |
3,305 |
| Bank certificates of deposits - reserve fund |
1,238 |
| Due from shareholders |
243 |
| Due from commercial tenants |
77 |
| Other receivables |
7 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
116 |
| Property and equipment - net |
15,770 |
| Investment in NCB stock |
49 |
| Security deposits held |
633 |
| Total Assets |
21,660 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
374 |
| Capital improvements payable |
-0- |
| Abatements payable |
517 |
| Maintenance charges received in advance |
30 |
| Deferred commercial rent |
272 |
| Mortgage payable |
17,887 |
| Less: Mortgage costs - net |
(130) |
| Security deposits payable |
633 |
| Total Liabilities |
19,583 |
| Shareholders' Equity |
|
| Capital stock |
492 |
| Additional paid-in capital |
31,000 |
| Retained earnings (deficit) |
(29,415) |
| Total Shareholders' Equity |
2,077 |
| Total Liabilities and Shareholders' Equity |
21,660 |