CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2012	Dec. 31, 2011
Assets
Real estate (Note 2)	$ 1,085,909	$ 1,085,909
Less: accumulated depreciation	427,113	414,805
Net real estate	658,796	671,104
Net mortgage portfolio	28,397	30,370
Prepaid expenses	264,855	304,417
Other receivables (net of valuation allowance of $5,592 in 2012 and $5,592 in 2011)	22,888	14,428
Cash and cash equivalents	824,791	961,240
Assets related to discontinued operations	14,333,802	14,392,300
Total Assets	16,133,529	16,373,859
Liabilities and Equity
Liabilities related to discontinued operations	16,837,383	16,638,972
Accrued liabilities	206,688	150,120
Accounts payable	38,456	33,970
Other liabilities	623,530	622,991
Total Liabilities	17,706,057	17,446,053
Presidential Stockholders' Deficit:
Additional paid-in capital	4,803,463	4,729,463
Accumulated deficit	(2,385,363)	(1,966,911)
Treasury stock (at cost)	(2,879,354)	(2,879,354)
Total Presidential stockholders' equity (deficit)	(39,806)	304,646
Noncontrolling interest (Note 6)	(1,532,722)	(1,376,840)
Total Stockholders' Deficit	(1,572,528)	(1,072,194)
Total Liabilities and Deficit	16,133,529	16,373,859
Common Class A [Member]
Presidential Stockholders' Deficit:
Common stock, value	47,164	47,164
Common Class B [Member]
Presidential Stockholders' Deficit:
Common stock, value	$ 374,284	$ 374,284