Dec 31, 04		Dec 31, 03		$ Change
ASSETS
	Current Assets
		Checking/Savings
			1000 · Cash, general checking				99,688.01		535,000.00		-435,311.99
		Total Checking/Savings					99,688.01		535,000.00		-435,311.99
		Accounts Receivable
			1100 · Accounts receivable, trade				1,823.00		0.00		1,823.00
		Total Accounts Receivable					1,823.00		0.00		1,823.00
		Other Current Assets
			1400 · Construction in Progress
				1430 · Direct construction cost		****	567,823.13		0.00		567,823.13
				1440 · Indirect construction cost			2,753.22		0.00		2,753.22
			Total 1400 · Construction in Progress				570,576.35		0.00		570,576.35
		Total Other Current Assets					570,576.35		0.00		570,576.35
	Total Current Assets						672,087.36		535,000.00		137,087.36
TOTAL ASSETS							672,087.36		535,000.00		137,087.36
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				2100 · Accounts payable, trade			84,885.50		0.00		84,885.50
			Total Accounts Payable				84,885.50		0.00		84,885.50
			Other Current Liabilities
				2130 · Contract deposits		****	7,000.00		0.00		7,000.00
				2140 · Retentions payable		****	5,037.50		0.00		5,037.50
				2300 · Payroll Liabilities
					2310 · Federal PR Taxes		1,835.06		0.00		1,835.06
					2320 · State PR Taxes		460.12		0.00		460.12
					2340 · Other PR Liabilities		526.68		0.00		526.68
				Total 2300 · Payroll Liabilities			2,821.86		0.00		2,821.86
			Total Other Current Liabilities				14,859.36		0.00		14,859.36
		Total Current Liabilities					99,744.86		0.00		99,744.86
		Long Term Liabilities
			2500 · Dev & constr loans payable			****	402,655.00		485,000.00		-82,345.00
		Total Long Term Liabilities					402,655.00		485,000.00		-82,345.00
	Total Liabilities						502,399.86		485,000.00		17,399.86
	Equity
		3010 · Common stock					1,000.00		1,000.00		0.00
		3030 · Additional paid in capital					49,000.00		49,000.00		0.00
		Net Income					119,687.50		0.00		119,687.50
	Total Equity						169,687.50		50,000.00		119,687.50
TOTAL LIABILITIES & EQUITY							672,087.36		535,000.00		137,087.36
		****		<<---- See reports that follow.  Look for the blue highlighted amounts.
				<<<---These accounts provide for proper GAAP accounting AND
					provide management with useful reports.