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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Assets    
Real estate $ 1,545,347 $ 1,502,314
Less: accumulated depreciation 901,047 843,239
Net real estate 644,300 659,075
Investment in Avalon Jubilee, LLC  
Prepaid expenses 89,411 88,538
Other receivables (net of valuation allowance of $6,235 in 2021 and $6,764 in 2020) 25,982 41,202
Cash 225,029 206,112
Mortgage escrow 59,603 58,064
Other assets 5,304 5,291
Total Assets 1,049,629 1,058,282
Liabilities:    
Mortgage payable, net 1,473,525 1,498,606
Accounts payable and accrued liabilities 399,985 328,623
Other liabilities 77,501 84,685
Total Liabilities 1,951,011 1,911,914
Presidential Stockholders’ Deficit:    
Additional paid-in capital 8,122,108 8,122,108
Accumulated deficit (9,023,541) (8,975,791)
Total Stockholders’ Deficit (901,382) (853,632)
Total Liabilities and Stockholders’ Deficit 1,049,629 1,058,282
Class A Common Stock    
Presidential Stockholders’ Deficit:    
Issued and Outstanding: 4 4
Class B Common Stock    
Presidential Stockholders’ Deficit:    
Issued and Outstanding: $ 47 $ 47