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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Rental $ 254,164 $ 240,561 $ 504,570 $ 471,503
Interest on mortgages - notes receivable 0 0 0 200
Total 254,164 240,561 504,570 471,703
Costs and Expenses:        
General and administrative 232,505 213,956 448,976 419,510
Rental property:        
Operating expenses 131,798 131,544 283,674 284,192
Interest expense and amortization of mortgage costs 30,280 12,370 60,674 24,586
Real estate taxes 10,578 10,573 21,157 21,147
Depreciation on real estate 12,385 12,813 24,105 25,364
Total 417,546 381,256 838,586 774,799
Other Income:        
Investment income 474 502 1,099 4,003
Net loss $ (162,908) $ (140,193) $ (332,917) $ (299,093)
Net Loss per Common Share basic and diluted (in dollars per share) $ (0.04) $ (0.03) $ (0.08) $ (0.07)
Earnings per Common Share basic and diluted:        
Weighted Average Number of Shares Outstanding - basic and diluted 4,288,680 4,288,680 4,288,680 4,288,680