THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
UNAUDITED CONSOLIDATING STATEMENT OF ACTIVITIES - TAX CREDIT ENTITIES - CONTINUED
Year ended December 31, 2019 __________
Ships Cove Preservation
St. Luke’s Preservation
Wade Road Parkchester
Woodmont Crossing
Walnut Square
Total
Rent revenue Interest income Other revenue
$
2,172,938
$
2,442,713
$
1,318,069
$
1,513,877
$
3,278,239
$
40,603,252
1,006
15,777 31,397
230
4,478
13,641 68,927
112,957 798,032
33,194
92,367
13,777
Total revenue
2,207,138
2,489,887
1,410,666
1,532,132
3,360,807
41,514,241
Salaries and benefits
250,510 589,801 429,804 245,102 271,333 82,228 87,160
365,265 278,048 448,061 421,054 89,933 210,065 93,862
318,405 362,482 630,288 128,117 74,446 65,709 45,289
228,674 396,537 483,654 134,267 33,819
456,992 123,560
5,564,964 6,280,113 12,217,805 4,405,920 1,866,803 2,797,194 1,761,187
Facilities and maintenance
Interest Utilities
1,143,310
290,027 80,523
Insurance
Real estate taxes
-
-
Property management fees Asset management fees
78,766
124,746 46,350 18,550 62,936 394,358 10,724 33,205
-
7,957
7,500
-
131,708 236,233 263,752
Accounting expense
5,100
15,038 35,872 190,070
20,130 17,005 289,251 11,025
13,200 10,272 264,010
Legal
-
Management and administration
199,085 16,157 12,738
3,834,206
Consulting expense
-
-
112,503 192,522 14,476 445,180 891,746
Marketing
2,874
9,459
434 648
Travel
-
-
24
-
Bad debt expense
5,603
18,221
47,081
34,991
111,599 73,036
Other financial expense and acquisition fee
136,997 948,029
-
-
403
Depreciation Amortization
632,393 10,751
508,065 41,051
550,830
1,096,783
11,897,240
5,241
3,972
9,016
142,799
Total expense
3,284,888
2,819,464
2,575,327
2,234,477
4,075,715
53,056,351
Excess of (expenses over revenue) revenue over expense Excess of expenses over revenue attributable to noncontrolling interests
(1,077,750)
(329,577)
(1,164,661)
(702,345)
(714,908)
(11,542,110)
1,077,643
329,547
981,936
702,275
714,854
11,358,368
Excess of expenses over revenue attributable to the Organization
$
(107)
$
(30)
$
(182,725)
$
(70)
$
(54)
$
(183,742)
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