| Balance Sheets |
|
| Assets |
|
| Cash - operating |
294 |
| Cash and cash equivalents - reserve fund |
4,360 |
| Bank certificates of deposits - reserve fund |
1,633 |
| Due from shareholders |
320 |
| Due from commercial tenants |
101 |
| Other receivables |
9 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
153 |
| Property and equipment - net |
20,803 |
| Investment in NCB stock |
65 |
| Security deposits held |
835 |
| Total Assets |
28,573 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
494 |
| Capital improvements payable |
-0- |
| Abatements payable |
682 |
| Maintenance charges received in advance |
40 |
| Deferred commercial rent |
358 |
| Mortgage payable |
23,596 |
| Less: Mortgage costs - net |
(172) |
| Security deposits payable |
835 |
| Total Liabilities |
25,833 |
| Shareholders' Equity |
|
| Capital stock |
649 |
| Additional paid-in capital |
40,894 |
| Retained earnings (deficit) |
(38,802) |
| Total Shareholders' Equity |
2,740 |
| Total Liabilities and Shareholders' Equity |
28,573 |