| Balance Sheets |
|
| Assets |
|
| Cash - operating |
284 |
| Cash and cash equivalents - reserve fund |
4,219 |
| Bank certificates of deposits - reserve fund |
1,580 |
| Due from shareholders |
310 |
| Due from commercial tenants |
98 |
| Other receivables |
9 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
148 |
| Property and equipment - net |
20,132 |
| Investment in NCB stock |
63 |
| Security deposits held |
808 |
| Total Assets |
27,652 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
478 |
| Capital improvements payable |
-0- |
| Abatements payable |
660 |
| Maintenance charges received in advance |
38 |
| Deferred commercial rent |
347 |
| Mortgage payable |
22,834 |
| Less: Mortgage costs - net |
(166) |
| Security deposits payable |
808 |
| Total Liabilities |
25,000 |
| Shareholders' Equity |
|
| Capital stock |
628 |
| Additional paid-in capital |
39,575 |
| Retained earnings (deficit) |
(37,551) |
| Total Shareholders' Equity |
2,652 |
| Total Liabilities and Shareholders' Equity |
27,652 |