| Assets |
|
| Cash - operating |
44,806 |
| Cash and cash equivalents - reserve fund |
665,175 |
| Bank certificates of deposits - reserve fund |
249,118 |
| Due from shareholders |
48,828 |
| Due from commercial tenants |
15,471 |
| Other receivables |
1,405 |
| Prepaid real estate taxes |
-0- |
| Prepaid expenses |
23,379 |
| Property and equipment - net |
3,173,909 |
| Investment in NCB stock |
9,929 |
| Security deposits held |
127,444 |
| Total Assets |
4,359,464 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts payable and accrued expenses |
75,343 |
| Capital improvements payable |
-0- |
| Abatements payable |
104,084 |
| Maintenance charges received in advance |
6,040 |
| Deferred commercial rent |
54,696 |
| Mortgage payable |
3,600,000 |
| Less: Mortgage costs - net |
(26,218) |
| Security deposits payable |
127,444 |
| Total Liabilities |
3,941,389 |
| Shareholders' Equity |
|
| Capital stock |
99,010 |
| Additional paid-in capital |
6,239,192 |
| Retained earnings (deficit) |
(5,920,127) |
| Total Shareholders' Equity |
418,075 |
| Total Liabilities and Shareholders' Equity |
4,359,464 |