| Balance Sheets |
|
| Assets |
|
| Cash - operating |
387 |
| Cash and cash equivalents - reserve fund |
5,738 |
| Bank certificates of deposits - reserve fund |
2,149 |
| Due from shareholders |
421 |
| Due from commercial tenants |
133 |
| Other receivables |
12 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
202 |
| Property and equipment - net |
27,379 |
| Investment in NCB stock |
86 |
| Security deposits held |
1,099 |
| Total Assets |
37,606 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
650 |
| Capital improvements payable |
-0- |
| Abatements payable |
898 |
| Maintenance charges received in advance |
52 |
| Deferred commercial rent |
472 |
| Mortgage payable |
31,055 |
| Less: Mortgage costs - net |
(226) |
| Security deposits payable |
1,099 |
| Total Liabilities |
34,000 |
| Shareholders' Equity |
|
| Capital stock |
854 |
| Additional paid-in capital |
53,821 |
| Retained earnings (deficit) |
(51,069) |
| Total Shareholders' Equity |
3,606 |
| Total Liabilities and Shareholders' Equity |
37,606 |