| Balance Sheets |
|
| Assets |
|
| Cash - operating |
1,279 |
| Cash and cash equivalents - reserve fund |
9,271 |
| Bank certificates of deposits - reserve fund |
489 |
| Due from shareholders |
409 |
| Due from commercial tenants |
313 |
| Other receivables |
117 |
| Prepaid real estate taxes |
5,543 |
| Prepaid expenses |
533 |
| Property and equipment - net |
62,064 |
| Investment in NCB stock |
194 |
| Security deposits held |
2,039 |
| Total Assets |
82,251 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
1,170 |
| Capital improvements payable |
3,171 |
| Abatements payable |
1,963 |
| Maintenance charges received in advance |
415 |
| Deferred commercial rent |
1,238 |
| Mortgage payable |
70,406 |
| Less: Mortgage costs - net |
(595) |
| Security deposits payable |
2,039 |
| Total Liabilities |
79,807 |
| Shareholders' Equity |
|
| Capital stock |
1,936 |
| Additional paid-in capital |
122,022 |
| Retained earnings (deficit) |
(121,514) |
| Total Shareholders' Equity |
2,444 |
| Total Liabilities and Shareholders' Equity |
82,251 |