| Assets |
|
| Cash |
259,509 |
| Cash - Real Estate Tax Escrow |
263,288 |
| Reserve Funds - Cash |
308,267 |
| Reserve Funds - Investments |
504,995 |
| Accounts Receivable |
28,304 |
| Accounts Receivable - Commercial |
346,957 |
| Allowance for Doubtful Receivable |
(346,957) |
| Prepaid Expenses |
50,406 |
| Environmental Escrow |
16,758 |
| Property and Equipment - Net |
4,490,603 |
| Investment in NCB Stock |
12,774 |
| Mortgage Costs - Net |
20,634 |
| Leasing Costs - Net |
-0- |
| Total Assets |
5,955,538 |
| Liabilities and Shareholders' Equity |
|
| Liabilities |
|
| Accounts Payable and Accrued Expenses |
136,013 |
| Capital Improvements Payable |
15,177 |
| Abatements Due to Shareholders |
158,060 |
| Maintenance Charges Received in Advance |
36,290 |
| Deferred Commercial Rent |
141,703 |
| Mortgage Payable |
1,813,759 |
| Security Deposits Payable |
7,250 |
| Total Liabilities |
2,308,252 |
| Shareholders’ Equity |
|
| Capital Stock |
18,338 |
| Additional Paid in Capital |
8,994,751 |
| Retained Earnings (Deficit) |
(5,365,803) |
| Total Shareholders’ Equity |
3,647,286 |
| Total Liabilities and Shareholders' Equity |
5,955,538 |