| Balance Sheets |
|
| Assets |
|
| Cash - operating |
876 |
| Cash and cash equivalents - reserve fund |
13,009 |
| Bank certificates of deposits - reserve fund |
4,872 |
| Due from shareholders |
955 |
| Due from commercial tenants |
303 |
| Other receivables |
27 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
457 |
| Property and equipment - net |
62,073 |
| Investment in NCB stock |
194 |
| Security deposits held |
2,492 |
| Total Assets |
85,259 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
1,474 |
| Capital improvements payable |
-0- |
| Abatements payable |
2,036 |
| Maintenance charges received in advance |
118 |
| Deferred commercial rent |
1,070 |
| Mortgage payable |
70,406 |
| Less: Mortgage costs - net |
(513) |
| Security deposits payable |
2,492 |
| Total Liabilities |
77,083 |
| Shareholders' Equity |
|
| Capital stock |
1,936 |
| Additional paid-in capital |
122,022 |
| Retained earnings (deficit) |
(115,781) |
| Total Shareholders' Equity |
8,176 |
| Total Liabilities and Shareholders' Equity |
85,259 |