| Balance Sheets |
|
| Assets |
|
| Cash - operating |
376 |
| Cash and cash equivalents - reserve fund |
5,576 |
| Bank certificates of deposits - reserve fund |
2,088 |
| Due from shareholders |
409 |
| Due from commercial tenants |
130 |
| Other receivables |
12 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
196 |
| Property and equipment - net |
26,607 |
| Investment in NCB stock |
83 |
| Security deposits held |
1,068 |
| Total Assets |
36,546 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
632 |
| Capital improvements payable |
-0- |
| Abatements payable |
873 |
| Maintenance charges received in advance |
51 |
| Deferred commercial rent |
459 |
| Mortgage payable |
30,180 |
| Less: Mortgage costs - net |
(220) |
| Security deposits payable |
1,068 |
| Total Liabilities |
33,041 |
| Shareholders' Equity |
|
| Capital stock |
830 |
| Additional paid-in capital |
52,304 |
| Retained earnings (deficit) |
(49,630) |
| Total Shareholders' Equity |
3,505 |
| Total Liabilities and Shareholders' Equity |
36,546 |