| Balance Sheets |
|
| Assets |
|
| Cash - operating |
665 |
| Cash and cash equivalents - reserve fund |
4,816 |
| Bank certificates of deposits - reserve fund |
254 |
| Due from shareholders |
212 |
| Due from commercial tenants |
163 |
| Other receivables |
61 |
| Prepaid real estate taxes |
2,879 |
| Prepaid expenses |
277 |
| Property and equipment - net |
32,240 |
| Investment in NCB stock |
101 |
| Security deposits held |
1,059 |
| Total Assets |
42,726 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
608 |
| Capital improvements payable |
1,647 |
| Abatements payable |
1,020 |
| Maintenance charges received in advance |
215 |
| Deferred commercial rent |
643 |
| Mortgage payable |
36,573 |
| Less: Mortgage costs - net |
(309) |
| Security deposits payable |
1,059 |
| Total Liabilities |
41,456 |
| Shareholders' Equity |
|
| Capital stock |
1,006 |
| Additional paid-in capital |
63,385 |
| Retained earnings (deficit) |
(63,122) |
| Total Shareholders' Equity |
1,270 |
| Total Liabilities and Shareholders' Equity |
42,726 |