| Assets |
|
| Cash |
171,944 |
| Cash - Real Estate Tax Escrow |
278,775 |
| Reserve Funds - Cash |
167,353 |
| Reserve Funds - Investments |
600,033 |
| Accounts Receivable |
18,603 |
| Accounts Receivable - Commercial |
153,914 |
| Allowance for Doubtful Receivable |
(153,914) |
| Prepaid Expenses |
40,985 |
| Environmental Escrow |
16,716 |
| Property and Equipment - Net |
4,499,813 |
| Investment in NCB Stock |
12,951 |
| Mortgage Costs - Net |
24,459 |
| Leasing Costs - Net |
29,050 |
| Total Assets |
5,860,682 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts Payable and Accrued Expenses |
104,179 |
| Capital Improvements Payable |
136,288 |
| Abatements Due to Shareholders |
153,539 |
| Maintenance Charges Received in Advance |
32,136 |
| Deferred Commercial Rent |
-0- |
| Mortgage Payable |
1,858,678 |
| Security Deposits Payable |
9,989 |
| Total Liabilities |
2,294,809 |
| Shareholders’ Equity |
|
| Capital Stock |
18,338 |
| Additional Paid in Capital |
8,994,751 |
| Retained Earnings (Deficit) |
(5,447,216) |
| Total Shareholders’ Equity |
3,565,873 |
| Total Liabilities and Shareholders' Equity |
5,860,682 |