| Balance Sheets |
|
| Assets |
|
| Cash - operating |
600 |
| Cash and cash equivalents - reserve fund |
4,345 |
| Bank certificates of deposits - reserve fund |
229 |
| Due from shareholders |
192 |
| Due from commercial tenants |
147 |
| Other receivables |
55 |
| Prepaid real estate taxes |
2,598 |
| Prepaid expenses |
250 |
| Property and equipment - net |
29,086 |
| Investment in NCB stock |
91 |
| Security deposits held |
956 |
| Total Assets |
38,547 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
548 |
| Capital improvements payable |
1,486 |
| Abatements payable |
920 |
| Maintenance charges received in advance |
194 |
| Deferred commercial rent |
580 |
| Mortgage payable |
32,996 |
| Less: Mortgage costs - net |
(279) |
| Security deposits payable |
956 |
| Total Liabilities |
37,401 |
| Shareholders' Equity |
|
| Capital stock |
907 |
| Additional paid-in capital |
57,185 |
| Retained earnings (deficit) |
(56,947) |
| Total Shareholders' Equity |
1,145 |
| Total Liabilities and Shareholders' Equity |
38,547 |