Monticello Management, Inc.
Property Management
Serving the New Jersey & New York Areas
"SERVICE IS THE RULE
NOT THE EXCEPTION"
Aztec East Condominium Association
Aztec East Condominium Association is fee simple and located on Orchard Street in Hackensack, NJ offering two bedrooms, one bedroom and studio units. The association offers on site parking facilities for seventy one (71) vehicles, forty of the spaces are covered.
The areas surrounding the Condominium are conveniently accessible and provide abundant services and facilities. Within the City of Hackensack are several elementary schools, intermediate schools, high schools as well as three (3) colleges including Farleigh Dickinson University, Bergen Community College and Felician College. The area offers several houses of worship and numerous recreational facilities including country clubs, golf courses, tennis clubs and racquet clubs.
Public transportation facilities are available to New York City via bus service and railroad. The George Washington Bridge and the Lincoln Tunnel are approximately twelve (12) miles by bus or car.
Requirements at closing: Three months maintenance, First month maintenance, Balance of Account.
Aztec East Condominium Association, Inc.
Balance Sheet
Period Ending June 30, 2010
Current Assets
Checking/Savings
Restricted Funds $34,868.18
Unrestricted Funds 9,347.50Total Checking/Savings 44,215.68
Accounts Receivable 26,067.75
Other Current Assets
Allowence for bad debt (7,476.62)
Undeposited Funds 1,462.25Total Other Current Assets (6,014.37)
Total Current Assets 64,269.06
Other Assets
2008 Insurance Claim - Leak (7,655.48)
Total Other Assets (7,655.48)
TOTAL ASSETS $56,613.58
LIABILITIES & EQUITY
Current Liabilities
Accounts Payable $13,562.48Other Current Liabilities
Accrued Expenses 5,718.36
Due to Monticello 40.00
Exchange 687.00
FIT payable 455.00Total Other Current Liabilities 6,900.36
Total Current Liabilities 20,462.84
Total Liabilities 20,462.84Equity
Opening Bal Equity 3,635.00
Reserves Fund 16,111.00
Retained Earnings 3,249.93Net Income 13,154.81
Total Equity 36,150.74
TOTAL LIABILITIES & EQUITY $56,613.58
