| Assets |
|
| Cash - operating |
65,416 |
| Cash and cash equivalents - reserve fund |
474,020 |
| Bank certificates of deposits - reserve fund |
25,000 |
| Due from shareholders |
20,897 |
| Due from commercial tenants |
16,013 |
| Other receivables |
6,000 |
| Prepaid real estate taxes |
283,423 |
| Prepaid expenses |
27,241 |
| Property and equipment - net |
3,173,431 |
| Investment in NCB stock |
9,929 |
| Security deposits held |
104,274 |
| Total Assets |
4,205,644 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
59,826 |
| Capital improvements payable |
162,160 |
| Abatements payable |
100,368 |
| Maintenance charges received in advance |
21,210 |
| Deferred commercial rent |
63,282 |
| Mortgage payable |
3,600,000 |
| Less: Mortgage costs - net |
(30,439) |
| Security deposits payable |
104,274 |
| Total Liabilities |
4,080,681 |
| Shareholders' Equity |
|
| Capital stock |
99,010 |
| Additional paid-in capital |
6,239,192 |
| Retained earnings (deficit) |
(6,213,239) |
| Total Shareholders' Equity |
124,963 |
| Total Liabilities and Shareholders' Equity |
4,205,644 |