SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 10-Q
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 1994
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from_____________________ to_________________________
Commission file number: 1-8356
DVL, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 13-2892858
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(State or other jurisdiction of (I.R.S. employer identification no.)
incorporation or organization)
24 River Road, Bogota, New Jersey 07603
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (201) 487-1300
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Former name, former address and former fiscal year, if changed since last
report.
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days Yes: X No:
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APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS:
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Section 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a plan
confirmed by a court. Yes: No:
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APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date.
Class Outstanding at November 16, 1994
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Common Stock, $1.00 par value 8,513,200
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
EXHIBIT 27 - FINANCIAL DATA SCHEDULE (see attached schedule)
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
DVL, Inc.
By: _______________________________
Joel Zbar, Treasurer, Chief
Financial and Operating Officer
February 9, 1995
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> SEP-30-1994
<CASH> 1,273
<SECURITIES> 0
<RECEIVABLES> 57,049
<ALLOWANCES> 9,196
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 59,168
<CURRENT-LIABILITES> 0
<BONDS> 51,023
<COMMON> 8,513
0
0
<OTHER-SE> (7,107)
<TOTAL-LIABILITY-AND-EQUITY> 59,168
<SALES> 0
<TOTAL-REVENUES> 2,929
<CGS> 0
<TOTAL-COSTS> 1,953
<OTHER-EXPENSES> 1,826
<LOSS-PROVISION> 2,753
<INTEREST EXPENSE> 2,912
<INCOME-PRETAX> (6,508)
<INCOME-TAX> 0
<INCOME-CONTINUING> (6,508)
<DISCONTINUED> (65)
<EXTRAORDINARY> 1,935
<CHANGES>
<NET-INCOME> (4,638)
<EPS-PRIMARY> (.56)
<EPS-DILUTED> (.56)
</TABLE>
