| Balance Sheets |
|
| Assets |
|
| Cash - operating |
308 |
| Cash and cash equivalents - reserve fund |
4,571 |
| Bank certificates of deposits - reserve fund |
1,712 |
| Due from shareholders |
336 |
| Due from commercial tenants |
106 |
| Other receivables |
10 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
161 |
| Property and equipment - net |
21,809 |
| Investment in NCB stock |
68 |
| Security deposits held |
876 |
| Total Assets |
29,956 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
518 |
| Capital improvements payable |
-0- |
| Abatements payable |
715 |
| Maintenance charges received in advance |
42 |
| Deferred commercial rent |
376 |
| Mortgage payable |
24,737 |
| Less: Mortgage costs - net |
(180) |
| Security deposits payable |
876 |
| Total Liabilities |
27,083 |
| Shareholders' Equity |
|
| Capital stock |
680 |
| Additional paid-in capital |
42,872 |
| Retained earnings (deficit) |
(40,680) |
| Total Shareholders' Equity |
2,873 |
| Total Liabilities and Shareholders' Equity |
29,956 |