FINANCIAL STATEMENT OVERVIEW
Operation Pathways presents its audited financial statements in accordance with accounting principles generally accepted in the United States of America (GAAP). The audit concluded our financial statements present fairly, in all material respects, the financial position of Operation Pathways as of December 31, 2015 and the changes in our net assets and cash flows for the period from January 9, 2015 to December 31, 2015. It must be noted that, until January 9, 2015, Operation Pathways operated as a division within The NHP Foundation (NHPF). In approaching that date, NHPF and Operation Pathways made the strategic decision to make Operation Pathways its own not-for-profit corporation. Notwithstanding that important structural evolution, Operation Pathways is proud to be recognized as an NHPF affiliate. Operation Pathways ended the fiscal year with a small deficit in unrestricted net assets, but with a balance in assets available for use in 2016. We are working diligently to supplement those available assets with additional grant income and contributions in 2016 that will help fund the valuable services we offer our residents. Working together, both Operation Pathways and NHPF remain committed to improving people’s lives by providing meaningful and life-affirming residential services. A complete copy of our 2015 audited financials is available upon request to the office of the Chief Financial Officer, 122 East 42nd Street, Suite 3500, New York, NY 10168, or by calling 646.336.4940.
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OPERAT I ON PATHWAYS F I SCAL YEAR 20 1 5 ANNUAL REPORT
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