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Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
INVESTMENT PROPERTIES: (Note 2)    
Land $ 2,794,122 $ 2,794,122
Buildings 4,017,412 4,017,412
Accumulated depreciation (3,897,848) (3,776,718)
Net investment properties 2,913,686 3,034,816
OTHER ASSETS:    
Cash 39,221 99,360
Investments held in Indemnification Trust (Note 7) 475,574 464,710
Security deposits escrow 69,464 74,681
Rents and other receivables 678,323 533,344
Deferred tenant award proceeds escrow 42,343 64,041
Prepaid insurance 4,982 5,133
Utility deposit 6,530
Deferred charges, net 198,809 186,517
Total other assets 1,508,716 1,434,316
Total assets 4,422,402 4,469,132
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 30,301 33,573
Due to General Partner (Note 4) 1,345 998
Deferred rent 23,596 23,596
Security deposits 69,340 74,340
Total current liabilities 124,582 132,507
LONG TERM LIABILITIES    
Deferred rent 16,640 38,587
Total long term liabilities 16,640 38,587
CONTINGENCIES AND COMMITMENTS (Note 6 and 7)
General Partner -    
Cumulative net income (retained earnings) 376,804 368,941
Cumulative cash distributions (156,045) (152,900)
Total general partners' capital 220,759 216,041
Limited Partners (46,280.3 interests outstanding at December 31, 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) 43,669,450 42,891,026
Cumulative cash distributions (78,127,268) (77,327,268)
Total limited partners' capital 4,900,650 4,922,226
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 4,281,180 4,298,038
Total liabilities and partners' capital $ 4,422,402 $ 4,469,132