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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Assets        
Real estate $ 1,502,314 $ 1,392,866 $ 1,262,833 $ 1,205,602
Less: accumulated depreciation 843,239 788,999 739,679 692,489
Net real estate 659,075 603,867 523,154 513,113
Investment in Avalon Jubilee, LLC 82,975 4,247,977
Prepaid expenses 88,538 67,205 64,770 87,415
Other receivables (net of valuation allowance of $6,764 in 2020 and $860 in 2019) 41,202 20,466 25,494 12,730
Cash 206,112 185,358 126,380 98,158
Mortgage escrow 58,064 124,996 159,187 165,774
Other assets 5,291 5,267 5,294 95,868
Total Assets 1,058,282 1,007,159 987,254 5,221,035
Liabilities:        
Mortgage payable, net 1,498,606 1,521,007 1,541,416 1,559,686
Accounts payable and accrued liabilities 328,623 283,479 230,531 136,403
Other liabilities 84,685 48,424 39,939 41,402
Total Liabilities 1,911,914 1,852,910 1,811,886 1,737,491
Mezzanine Equity        
Presidential Realty Operating Partnership LP       4,276,901
Stockholders’ Deficit:        
Additional paid-in capital 8,122,108 8,122,108 8,122,108 3,845,207
Accumulated deficit (8,975,791) (8,967,910) (8,946,791) (4,638,615)
Total Presidential stockholders’ deficit     (824,632) (793,357)
Total Stockholders’ Deficit (853,632) (845,751) (824,632) (793,357)
Total Liabilities and Stockholders’ Deficit 1,058,282 1,007,159 987,254 5,221,035
Class A Common Stock        
Stockholders’ Deficit:        
Common stock value 4 4 4 4
Class B Common Stock        
Stockholders’ Deficit:        
Common stock value $ 47 $ 47 $ 47 $ 47