| Balance Sheets |
|
| Assets |
|
| Cash - operating |
684 |
| Cash and cash equivalents - reserve fund |
4,956 |
| Bank certificates of deposits - reserve fund |
261 |
| Due from shareholders |
218 |
| Due from commercial tenants |
167 |
| Other receivables |
63 |
| Prepaid real estate taxes |
2,963 |
| Prepaid expenses |
285 |
| Property and equipment - net |
33,179 |
| Investment in NCB stock |
104 |
| Security deposits held |
1,090 |
| Total Assets |
43,971 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
625 |
| Capital improvements payable |
1,695 |
| Abatements payable |
1,049 |
| Maintenance charges received in advance |
222 |
| Deferred commercial rent |
662 |
| Mortgage payable |
37,639 |
| Less: Mortgage costs - net |
(318) |
| Security deposits payable |
1,090 |
| Total Liabilities |
42,664 |
| Shareholders' Equity |
|
| Capital stock |
1,035 |
| Additional paid-in capital |
65,232 |
| Retained earnings (deficit) |
(64,961) |
| Total Shareholders' Equity |
1,307 |
| Total Liabilities and Shareholders' Equity |
43,971 |