| Balance Sheets |
|
| Assets |
|
| Cash - operating |
645 |
| Cash and cash equivalents - reserve fund |
4,675 |
| Bank certificates of deposits - reserve fund |
247 |
| Due from shareholders |
206 |
| Due from commercial tenants |
158 |
| Other receivables |
59 |
| Prepaid real estate taxes |
2,795 |
| Prepaid expenses |
269 |
| Property and equipment - net |
31,300 |
| Investment in NCB stock |
98 |
| Security deposits held |
1,028 |
| Total Assets |
41,481 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
590 |
| Capital improvements payable |
1,599 |
| Abatements payable |
990 |
| Maintenance charges received in advance |
209 |
| Deferred commercial rent |
624 |
| Mortgage payable |
35,508 |
| Less: Mortgage costs - net |
(300) |
| Security deposits payable |
1,028 |
| Total Liabilities |
40,249 |
| Shareholders' Equity |
|
| Capital stock |
977 |
| Additional paid-in capital |
61,538 |
| Retained earnings (deficit) |
(61,282) |
| Total Shareholders' Equity |
1,233 |
| Total Liabilities and Shareholders' Equity |
41,481 |