| Balance Sheets |
|
| Assets |
|
| Cash - operating |
1,184 |
| Cash and cash equivalents - reserve fund |
17,580 |
| Bank certificates of deposits - reserve fund |
6,584 |
| Due from shareholders |
1,290 |
| Due from commercial tenants |
409 |
| Other receivables |
37 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
618 |
| Property and equipment - net |
83,882 |
| Investment in NCB stock |
262 |
| Security deposits held |
3,368 |
| Total Assets |
115,215 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
1,991 |
| Capital improvements payable |
-0- |
| Abatements payable |
2,751 |
| Maintenance charges received in advance |
160 |
| Deferred commercial rent |
1,446 |
| Mortgage payable |
95,143 |
| Less: Mortgage costs - net |
(693) |
| Security deposits payable |
3,368 |
| Total Liabilities |
104,166 |
| Shareholders' Equity |
|
| Capital stock |
2,617 |
| Additional paid-in capital |
164,894 |
| Retained earnings (deficit) |
(156,461) |
| Total Shareholders' Equity |
11,049 |
| Total Liabilities and Shareholders' Equity |
115,215 |