| Balance Sheets |
|
| Assets |
|
| Cash - operating |
398 |
| Cash and cash equivalents - reserve fund |
5,907 |
| Bank certificates of deposits - reserve fund |
2,212 |
| Due from shareholders |
434 |
| Due from commercial tenants |
137 |
| Other receivables |
12 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
208 |
| Property and equipment - net |
28,184 |
| Investment in NCB stock |
88 |
| Security deposits held |
1,132 |
| Total Assets |
38,712 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
669 |
| Capital improvements payable |
-0- |
| Abatements payable |
924 |
| Maintenance charges received in advance |
54 |
| Deferred commercial rent |
486 |
| Mortgage payable |
31,968 |
| Less: Mortgage costs - net |
(233) |
| Security deposits payable |
1,132 |
| Total Liabilities |
35,000 |
| Shareholders' Equity |
|
| Capital stock |
879 |
| Additional paid-in capital |
55,404 |
| Retained earnings (deficit) |
(52,571) |
| Total Shareholders' Equity |
3,713 |
| Total Liabilities and Shareholders' Equity |
38,712 |