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Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Assets    
Real estate $ 1,517,087 $ 1,502,314
Less: accumulated depreciation 885,685 843,239
Net real estate 631,402 659,075
Investment in Avalon Jubilee, LLC
Prepaid expenses 114,492 88,538
Other receivables (net of valuation allowance of $9,432 in 2021 and $6,764 in 2020) 37,110 41,202
Cash and cash equivalents 201,598 206,112
Mortgage escrow 50,284 58,064
Other assets 5,301 5,291
Total Assets 1,040,187 1,058,282
Liabilities:    
Mortgage payable, net of mortgage costs 1,480,092 1,498,606
Accounts payable and accrued liabilities 322,553 328,623
Other liabilities 49,286 84,685
Total Liabilities 1,851,931 1,911,914
Additional paid-in capital 8,122,108 8,122,108
Accumulated deficit (8,933,903) (8,975,791)
Total Stockholders’ Deficit (811,744) (853,632)
Total Liabilities and Stockholders’ Deficit 1,040,187 1,058,282
Class A Common Stock    
Liabilities:    
Issued: 4 4
Class B Common Stock    
Liabilities:    
Issued: $ 47 $ 47