| Balance Sheets |
|
| Assets |
|
| Cash - operating |
442 |
| Cash and cash equivalents - reserve fund |
6,561 |
| Bank certificates of deposits - reserve fund |
2,457 |
| Due from shareholders |
482 |
| Due from commercial tenants |
153 |
| Other receivables |
14 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
231 |
| Property and equipment - net |
31,305 |
| Investment in NCB stock |
98 |
| Security deposits held |
1,257 |
| Total Assets |
42,998 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
743 |
| Capital improvements payable |
-0- |
| Abatements payable |
1,027 |
| Maintenance charges received in advance |
60 |
| Deferred commercial rent |
539 |
| Mortgage payable |
35,508 |
| Less: Mortgage costs - net |
(259) |
| Security deposits payable |
1,257 |
| Total Liabilities |
38,875 |
| Shareholders' Equity |
|
| Capital stock |
977 |
| Additional paid-in capital |
61,538 |
| Retained earnings (deficit) |
(58,391) |
| Total Shareholders' Equity |
4,124 |
| Total Liabilities and Shareholders' Equity |
42,998 |