| Balance Sheets |
|
| Assets |
|
| Cash - operating |
429 |
| Cash and cash equivalents - reserve fund |
6,364 |
| Bank certificates of deposits - reserve fund |
2,383 |
| Due from shareholders |
467 |
| Due from commercial tenants |
148 |
| Other receivables |
13 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
224 |
| Property and equipment - net |
30,365 |
| Investment in NCB stock |
95 |
| Security deposits held |
1,219 |
| Total Assets |
41,708 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
721 |
| Capital improvements payable |
-0- |
| Abatements payable |
996 |
| Maintenance charges received in advance |
58 |
| Deferred commercial rent |
523 |
| Mortgage payable |
34,442 |
| Less: Mortgage costs - net |
(251) |
| Security deposits payable |
1,219 |
| Total Liabilities |
37,708 |
| Shareholders' Equity |
|
| Capital stock |
947 |
| Additional paid-in capital |
59,692 |
| Retained earnings (deficit) |
(56,639) |
| Total Shareholders' Equity |
4,000 |
| Total Liabilities and Shareholders' Equity |
41,708 |