| Balance Sheets |
|
| Assets |
|
| Cash - operating |
245 |
| Cash and cash equivalents - reserve fund |
3,643 |
| Bank certificates of deposits - reserve fund |
1,364 |
| Due from shareholders |
267 |
| Due from commercial tenants |
85 |
| Other receivables |
8 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
128 |
| Property and equipment - net |
17,380 |
| Investment in NCB stock |
54 |
| Security deposits held |
698 |
| Total Assets |
23,873 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
413 |
| Capital improvements payable |
-0- |
| Abatements payable |
570 |
| Maintenance charges received in advance |
33 |
| Deferred commercial rent |
300 |
| Mortgage payable |
19,714 |
| Less: Mortgage costs - net |
(144) |
| Security deposits payable |
698 |
| Total Liabilities |
21,583 |
| Shareholders' Equity |
|
| Capital stock |
542 |
| Additional paid-in capital |
34,166 |
| Retained earnings (deficit) |
(32,419) |
| Total Shareholders' Equity |
2,289 |
| Total Liabilities and Shareholders' Equity |
23,873 |