THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED YEARS ENDED DECEMBER 31, 2019 and 2018
BALANCE SHEET
2019
2018
Cash and cash equivalents
$
747,912
$
690,235
Restricted cash
1,698,888
1,294,301
Investment in properties
(3,433,394)
628,569
Land, buildings, improvements and equipment, net
27,608,088
28,983,164
Mortgage escrow and utility deposits
93,878
74,701
Prepaid expenses and other assets
281,204
816,113 20,425 59,355
Replacement reserves
95,852
Tenants' security deposits
100,949 500,000
Due from affiliate
24,596
Total assets
$
27,693,377
$
32,591,459
LIABILITIES AND MEMBERS' EQUITY
Accounts payable and accrued expenses
$
825,172
$
1,647,516 1,758,256
Other liabilities
1,633,827
Tenants' security deposits Mortgage notes payable
53,336
50,712
17,168,586
17,387,145
Notes and construction loans payable with accrued interest
900,000
3,002,510
Total liabilities
20,580,921
23,846,139
Members' equity NHPF member equity
(1,599,611)
674,894
Other members' equity
8,712,067
8,070,426
Total members' equity
7,112,456
8,745,320
Total liabilities and members' equity
$
27,693,377
$
32,591,459
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