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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