| Balance Sheets |
|
| Assets |
|
| Cash - operating |
275 |
| Cash and cash equivalents - reserve fund |
4,086 |
| Bank certificates of deposits - reserve fund |
1,530 |
| Due from shareholders |
300 |
| Due from commercial tenants |
95 |
| Other receivables |
9 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
144 |
| Property and equipment - net |
19,494 |
| Investment in NCB stock |
61 |
| Security deposits held |
783 |
| Total Assets |
26,776 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
463 |
| Capital improvements payable |
-0- |
| Abatements payable |
639 |
| Maintenance charges received in advance |
37 |
| Deferred commercial rent |
336 |
| Mortgage payable |
22,111 |
| Less: Mortgage costs - net |
(161) |
| Security deposits payable |
783 |
| Total Liabilities |
24,208 |
| Shareholders' Equity |
|
| Capital stock |
608 |
| Additional paid-in capital |
38,321 |
| Retained earnings (deficit) |
(36,362) |
| Total Shareholders' Equity |
2,568 |
| Total Liabilities and Shareholders' Equity |
26,776 |