| Balance Sheets |
|
| Assets |
|
| Cash - operating |
1,729 |
| Cash and cash equivalents - reserve fund |
12,528 |
| Bank certificates of deposits - reserve fund |
661 |
| Due from shareholders |
552 |
| Due from commercial tenants |
423 |
| Other receivables |
159 |
| Prepaid real estate taxes |
7,491 |
| Prepaid expenses |
720 |
| Property and equipment - net |
83,870 |
| Investment in NCB stock |
262 |
| Security deposits held |
2,756 |
| Total Assets |
111,150 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
1,581 |
| Capital improvements payable |
4,286 |
| Abatements payable |
2,653 |
| Maintenance charges received in advance |
561 |
| Deferred commercial rent |
1,672 |
| Mortgage payable |
95,143 |
| Less: Mortgage costs - net |
(804) |
| Security deposits payable |
2,756 |
| Total Liabilities |
107,847 |
| Shareholders' Equity |
|
| Capital stock |
2,617 |
| Additional paid-in capital |
164,894 |
| Retained earnings (deficit) |
(164,208) |
| Total Shareholders' Equity |
3,303 |
| Total Liabilities and Shareholders' Equity |
111,150 |