THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
CONSOLIDATED STATEMENTS OF CASH FLOWS – CONTINUED
Years ended December 31, 2019 and 2018 _________
2019
2018
SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest, net of amount capitalized
$
19,532,683
$
18,352,886
Cash paid for income taxes
$
16,953
$
3,000
SIGNIFICANT NONCASH INVESTING AND FINANCING ACTIVITIES: (Deficit) equity transfer in
$
(2,107,632)
$
346,630
Accounts payable and accrued expenses, relating to construction costs included in land buildings, improvements and equipment
$
5,313,117
$
9,277,458
Noncash capital contribution - reclassification of developer fee payable
$
272,712
$
1,085,434
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO STATEMENTS OF FINANCIAL POSITION Cash and cash equivalents
$
28,966,616 20,736,654 65,716,709
$
37,293,851
Restricted cash
1,662,526
Funded reserves
53,199,632
Tenant security deposits
1,752,724
1,514,694
$
117,172,703
$
93,670,703
See notes to consolidated financial statements
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