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Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
INVESTMENT PROPERTIES (Note 3):    
Land $ 2,794,122 $ 2,794,122
Buildings 4,017,412 4,017,412
Accumulated depreciation (3,867,565) (3,776,718)
Net investment properties 2,943,969 3,034,816
OTHER ASSETS:    
Cash 67,618 99,360
Cash held in Indemnification Trust (Note 7) 475,574 464,710
Security deposits escrow 69,437 74,681
Rents and other receivables 370,491 533,344
Deferred tenant award proceeds escrow 47,785 64,041
Prepaid insurance 489 5,133
Utility deposit 6,530
Deferred charges, net 205,709 186,517
Total other assets 1,237,103 1,434,316
Total assets 4,181,072 4,469,132
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 18,585 33,573
Due to General Partner (Note 5) 1,211 998
Deferred rent 45,723 62,183
Security deposits 69,340 74,340
Total current liabilities 134,859 171,094
CONTINGENCIES AND COMMITMENTS (Note 6 and 7)
General Partner -    
Cumulative net income (retained earnings) 373,441 368,941
Cumulative cash distributions (154,700) (152,900)
Total general partners' capital 218,741 216,041
Limited Partners (46,280.3 interests outstanding at September 30, 2019 and December 31, 2018)    
Capital contributions 46,280,300 46,280,300
Offering Costs (6,921,832) (6,921,832)
Cumulative net income (retained earnings) 43,336,501 42,891,026
Cumulative cash distributions (78,027,268) (77,327,268)
Total limited partners' capital 4,667,701 4,922,226
Former General Partner -    
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 4,046,213 4,298,038
Total liabilities and partners' capital $ 4,181,072 $ 4,469,132