| Balance Sheets |
|
| Assets |
|
| Cash - operating |
468 |
| Cash and cash equivalents - reserve fund |
6,955 |
| Bank certificates of deposits - reserve fund |
2,605 |
| Due from shareholders |
511 |
| Due from commercial tenants |
162 |
| Other receivables |
15 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
244 |
| Property and equipment - net |
33,184 |
| Investment in NCB stock |
104 |
| Security deposits held |
1,332 |
| Total Assets |
45,579 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
788 |
| Capital improvements payable |
-0- |
| Abatements payable |
1,088 |
| Maintenance charges received in advance |
63 |
| Deferred commercial rent |
572 |
| Mortgage payable |
37,639 |
| Less: Mortgage costs - net |
(274) |
| Security deposits payable |
1,332 |
| Total Liabilities |
41,208 |
| Shareholders' Equity |
|
| Capital stock |
1,035 |
| Additional paid-in capital |
65,232 |
| Retained earnings (deficit) |
(61,896) |
| Total Shareholders' Equity |
4,371 |
| Total Liabilities and Shareholders' Equity |
45,579 |