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Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Real estate $ 1,664,537 $ 1,626,860
Less: accumulated depreciation 1,004,683 959,637
Net real estate 659,854 667,223
Investment in Avalon Jubilee, LLC
Prepaid expenses 34,890 78,771
Other receivables (net of valuation allowance of $246 at September 30, 2023 and $3,500 at December 31, 2022) 28,304 28,001
Cash 170,285 154,331
Mortgage escrow 183,671 81,091
Other assets 5,283 12,857
Total Assets 1,082,287 1,022,274
Liabilities:    
Mortgage payable, net 1,423,421 1,445,878
Accounts payable and accrued liabilities 606,170 540,013
Other liabilities 56,526 57,453
Total Liabilities 2,086,117 2,043,344
Presidential Stockholders’ Deficit:    
Additional paid-in capital 8,122,108 8,122,108
Accumulated deficit (9,125,989) (9,143,229)
Total Stockholders’ Deficit (1,003,830) (1,021,070)
Total Liabilities and Stockholders’ Deficit 1,082,287 1,022,274
Class A Common Stock    
Presidential Stockholders’ Deficit:    
Issued and Outstanding 4 4
Class B Common Stock    
Presidential Stockholders’ Deficit:    
Issued and Outstanding $ 47 $ 47