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Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Statement of Financial Position [Abstract]    
Real estate $ 1,569,826 $ 1,545,347
Less: accumulated depreciation 927,595 901,047
Net real estate 642,231 644,300
Investment in Avalon Jubilee, LLC
Prepaid expenses 33,306 89,411
Other receivables (net of valuation allowance of $6,220 at June 30, 2022 and $6,235 at December 31, 2021) 28,539 25,982
Cash 172,096 225,029
Mortgage escrow 127,189 59,603
Other assets 5,283 5,304
Total Assets 1,008,644 1,049,629
Liabilities:    
Mortgage payable, net 1,459,906 1,473,525
Accounts payable and accrued liabilities 510,302 399,985
Other liabilities 65,932 77,501
Total Liabilities 2,036,140 1,951,011
Presidential Stockholders’ Deficit:    
Class A Issued and Outstanding 4 4
Class B Issued and Outstanding 47 47
Additional paid-in capital 8,122,108 8,122,108
Accumulated deficit (9,149,655) (9,023,541)
Total Stockholders’ Deficit (1,027,496) (901,382)
Total Liabilities and Stockholders’ Deficit $ 1,008,644 $ 1,049,629