NHP Annual Report 2023: Dynamic Growth: Past is Prologue

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%

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