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Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
INVESTMENT PROPERTIES: (Note 3)    
Land $ 2,794,122 $ 2,794,122
Buildings 4,468,642 4,468,642
Accumulated depreciation (3,769,074) (3,667,557)
Net investment properties 3,493,690 3,595,207
OTHER ASSETS:    
Cash 223,576 704,532
Cash held in Indemnification Trust (Note 9) 453,171 452,911
Property tax cash escrow 10,855 2,530
Security deposits escrow 70,484 70,795
Rents and other receivables (net of allowance, $0 and $25,483, respectively) 284,789 500,746
Deferred tenant award proceeds escrow 133,593 150,657
Prepaid insurance 488 7,597
Deferred charges, net 139,779 160,074
Note receivable (Note 10) 72,099 115,339
Total other assets 1,388,834 2,165,181
Total assets 4,882,524 5,760,388
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 16,053 27,108
Property tax payable 9,930 1,605
Due to General Partner (Note 6) 1,146 3,254
Deferred rent 133,511 149,971
Security deposits 70,440 70,440
Unearned rental income 0 5,000
Total current liabilities $ 231,080 $ 257,378
CONTINGENCIES AND COMMITMENTS (Notes 8 and 9)
General Partner -    
Cumulative net income (retained earnings) $ 347,389 $ 343,188
Cumulative cash distributions (144,276) (142,595)
Total general partners' capital 203,113 200,593
Limited Partners (46,280.3 interests outstanding at September 30, 2015 and December 31, 2014)    
Capital contributions 46,280,300 46,280,300
Offering Costs (6,921,832) (6,921,832)
Cumulative net income (retained earnings) 40,757,360 40,341,446
Cumulative cash distributions (74,827,268) (73,557,268)
Total limited partners' capital 5,288,560 6,142,646
Cumulative net income (retained earnings) 707,513 707,513
Cumulative cash distributions (1,547,742) (1,547,742)
Total former general partners' capital (840,229) (840,229)
Total partners' capital 4,651,444 5,503,010
Total liabilities and partners' capital $ 4,882,524 $ 5,760,388