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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Rental $ 250,406 $ 230,942
Interest on mortgages - notes receivable 0 200
Total 250,406 231,142
Costs and Expenses:    
General and administrative 216,471 205,554
Rental property:    
Operating expenses 151,876 152,648
Interest expense and amortization of mortgage cost 30,394 12,216
Real estate taxes 10,579 10,574
Depreciation on real estate 11,720 12,551
Total 421,040 393,543
Other Income:    
Investment income 625 3,501
Net loss $ (170,009) $ (158,900)
Net Loss per Common Share basic and diluted (in dollars per share) $ (0.04) $ (0.04)
Weighted Average Number of Shares Outstanding - Basic & Diluted (in shares) 4,288,680 4,288,680