|
East Street Limited Partnership
<br /> Balance Sheets
<br /> December 31, 2012 and 2011
<br /> 2012 . 2011
<br /> Assets
<br /> Cash $ 3,402 $ 23,921
<br /> Accounts Receivable - 1,313
<br /> Tenant Security Deposits 5,300 5,599
<br /> Restricted Deposits and Funded Reserves 87,144 81,522
<br /> Property and Equipment,
<br /> at Cost, Less Accumulated Depreciation 1,812,728 1,924,682
<br /> Other Assets, at Cost, Less Accumulated .
<br /> Amortization of$18,491 in 2012 and$16,894 in 2011 7,051 8,647
<br /> $ 1,915,625 $ 2,045,684
<br /> Liabilities and Partners'Equity
<br /> Liabilities .
<br /> Accounts payable $ 5,750 $ 12,081
<br /> Tenant security deposits payable 5,300 5,599
<br /> Accrued interest 70,862 71,715
<br /> Deferred developer fee payable 195,176 195,176
<br /> Due to general partner 44,205 44,205
<br /> Mortgage notes payable 1,368,558 1,388,358
<br /> Total liabilities 1,689,851 . 1,717,134
<br /> Partners'Equity 225,774 328,550
<br /> $ 1,915,625 $ 2,045,684
<br /> See Notes to Financial Statements 3
<br />
|