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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2011
Dec. 31, 2010
Real estate land holdings, at cost $ 24,511 $ 24,511
Real estate subject to sales contracts, at cost 3,576 5,050
Total real estate 28,087 29,561
Notes and interest receivable from related parties 35,820 38,405
Less allowance for doubtful accounts (1,826) (1,826)
Total notes and interest receivable 33,994 36,579
Cash and cash equivalents 42 20
Investments in unconsolidated subsidiaries and investees, subject to sales contract 39 89
Receivable and accrued interest from related parties 52,307 48,598
Other assets 2,163 2,240
Total assets 116,632 117,087
Notes and interest payable 35,577 34,214
Notes and interest payable related to subject to sales contracts 2,387 2,390
Deferred revenue (from sales to related parties) 6,550 6,550
Accounts payable and other liabilities (including $1 in 2011 and $1 in 2010 to affiliated and related parties) 418 401
Total Liabilities 44,932 43,555
Commitments and contingencies 0 0
Common stock, $.01 par value, authorized 10,000,000 shares; issued 4,173,675 shares in 2011 and 2010 42 42
Treasury stock at cost, 5,461 in 2011 and 2010 (39) (39)
Paid-in capital 61,955 61,955
Retained earnings 9,742 11,574
Total shareholders' equity 71,700 73,532
Total liabilities and shareholders' equity $ 116,632 $ 117,087