| Balance Sheets |
|
| Assets |
|
| Cash - operating |
411 |
| Cash and cash equivalents - reserve fund |
6,097 |
| Bank certificates of deposits - reserve fund |
2,283 |
| Due from shareholders |
448 |
| Due from commercial tenants |
142 |
| Other receivables |
13 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
214 |
| Property and equipment - net |
29,090 |
| Investment in NCB stock |
91 |
| Security deposits held |
1,168 |
| Total Assets |
39,957 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
691 |
| Capital improvements payable |
-0- |
| Abatements payable |
954 |
| Maintenance charges received in advance |
55 |
| Deferred commercial rent |
501 |
| Mortgage payable |
32,996 |
| Less: Mortgage costs - net |
(240) |
| Security deposits payable |
1,168 |
| Total Liabilities |
36,125 |
| Shareholders' Equity |
|
| Capital stock |
907 |
| Additional paid-in capital |
57,185 |
| Retained earnings (deficit) |
(54,261) |
| Total Shareholders' Equity |
3,832 |
| Total Liabilities and Shareholders' Equity |
39,957 |