NHP Annual Report 2023: Dynamic Growth: Past is Prologue

ROSEMARY’S PLACE, HOUSTON, TX

Consolidated Statement of Financial Position For the Years Ended December 31, 2023 and 2022

ASSETS

2023

2022

CHANGE

Cash & Cash Equivalents

$94,904,309

$34,935,258

$59,969,051

Restricted Cash

5,077,563

4,537,254 655,364 171,846 49,000 1,614,616

540,309 (655,364)

Notes Receivable & Accrued Interest

Management Fee Receivable

180,220

8,374

Grants Receivable

(49,000) (84,707)

Investments In Housing Funds

1,529,909

Land, Buildings, Improvements & Equipment, Net

1,044,092,794

981,320,063 128,352,606 3,962,311 4,013,463 2,506,473 11,361,608 2,529,488 26,476,099

62,772,731 (1,205,254)

Mortgage & Other Escrows

127,147,352 4,448,911 4,382,001 2,604,941 11,955,714 8,376,977 20,328,416

Prepaid Expenses & Other Assets

486,600 368,538 98,468 594,106

Accounts Receivable

Tenants’ Security Deposits Deferred Development Costs Deferred Other Assets, Net

5,847,489 (6,147,683)

Due From Affiliates

Total Assets

$1,325,029,107

$1,202,485,448

$122,543,659

LIABILTIES

Accounts Payable & Accrued Expenses

$30,535,648

$38,335,375

$(7,799,727) 22,278,393

Other Liabilities

29,123,812 2,537,142

6,845,419 2,398,746

Tenants’ Security Deposits

138,397

Mortgage / Notes & Construction Loans Payable

1,060,206,455

981,968,228

78,238,227

& Accrued Interest Asset Management Fees Payable Investments In Operating Entities Accounts Payable / Affiliates

1,093,915 2,885,071 25,319,101

945,965 5,010,290 28,901,273

147,950

(2,125,219) (3,582,172)

Total Liabilities

$1,151,701,144

$1,064,405,295

$87,295,849

NET ASSETS

Without Donor Restrictions / Controlling Without Donor Restrictions / Non-Controlling

$74,825,311 98,056,514 172,881,825

$56,608,230 80,983,776 137,592,006

$18,217,081 17,072,738 35,289,819

Total Unrestricted Net Assets

Net Assets With Donor Restrictions

446,138

488,147

(42,009)

Total Net Assets

$173,327,963

$138,080,153

$35,247,810

Total Liabilities & Net Assets

$1,325,029,107

$1,202,485,448

$122,543,659

THE NHP FOUNDATION | FISCAL YEAR 2023 ANNUAL REPORT 5

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