Mission The NHP Foundation is a not-for-profit real estate organization dedicated to preserving and creating sustainable, service-enriched multifamily housing that is both affordable to low and moderate income families and seniors, and beneficial to their communities. Vision A future where communities flourish because attractive, sustainable housing options and life- enhancing services are ensured for income-challenged Americans. Values NHPF seeks to promote greater diversity, inclusion, racial equity, and social justice in addition to its long- established mission of providing sustainable, service-enriched affordable housing. NHPF is committed to increasing access to opportunities for historically underrepresented individuals and businesses in the development and operation of affordable housing communities.
PARK HEIGHTS SENIOR APARTMENTS, BALTIMORE, MD (PAGES 6 & 7)
Rental Income Other Revenue
70% 13%
REVENUES & GAINS
Contribution Income/Non-affiliate
9% 6% 2% 0%
Developer Fee Income
Interest Income
Resident Services Fee
Interest Expense
24% 18% 17% 10%
Depreciation & Amortization
Salaries & Benefits
Maintenance
Utilities
6% 5% 4% 4% 3% 3%
Insurance
EXPENSES & LOSSES
Excess of Expenses Over Revenues
Bad Debt Expense
Management & Administration
Real Estate Taxes Professional Fees
3% Property & Asset Management Fees 1% Other Financial Expenses 1% Discontinued Operations 0% Other losses (Income) in Investment in Housing Funds 0%
Powered by FlippingBook