Investments in Retirement Community Limited Partnerships

9 Months Ended

Aug. 02, 2014

Equity Method Investments And Joint Ventures [Abstract]

Investments in Retirement Community Limited Partnerships

Note 5 Investments in Retirement Community Limited Partnerships

The Company’s investment in retirement community limited partnerships includes a 31.3% interest in Walden Woods South LLC (“Walden Woods”) and a 48.5% interest in CRF III, Ltd. (“Cypress Creek”). The Cypress Creek investment is $236,579 and $467,934 at August 2, 2014 and November 2, 2013, respectively. The Walden Woods investment is zero at both August 2, 2014 and November 2, 2013.

The following is summarized financial information of Walden Woods and Cypress Creek*:

	June 30,			September 30,
	2014			2013
Total Assets	$	13,323,859		$	13,559,275
Total Liabilities	$	15,848,331		$	15,231,044
Total Equity	$	(2,524,473	)	$	(1,671,769	)

* Due to Walden Woods and Cypress Creek having a calendar year-end, the summarized financial information provided is from their most recent quarter prior to the period covered by this report.