THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
December 31, 2018 and 2017 __________
Assets
2018
2017
Assets: Cash and cash equivalents Investments - restricted Investments - unrestricted
$
37,293,851
$
44,889,762
148,886 77,608
467,970 373,579 734,448 880,833
Restricted cash
1,662,526 2,191,548
Notes receivable and accrued interest
Grants receivable
9,120
5,026
Investment in housing funds
2,376,774
144,240
Land, buildings, improvements and equipment, net
494,118,247 48,581,682
433,437,788 28,905,368
Mortgage escrow and utility deposits Prepaid expenses and other assets
4,046,153
7,233,886
Working capital advances Replacement reserves Tenants’ security deposits Deferred development costs Deferred other assets, net
643,776
16,381
4,617,950 1,514,694 4,949,521 1,541,886 9,746,372
5,736,419 1,376,824 4,983,859 1,135,753 7,441,577
Due from affiliates
Total assets
$
613,520,594
$
537,763,713
Liabilities and Net Assets
Liabilities: Accounts payable and accrued expenses
$
10,574,644 6,223,232 1,615,399 386,094,549
$
12,515,007 4,731,777 1,421,172 351,223,596
Other liabilities
Tenants’ security deposits
Mortgage notes payable and accrued interest, net Notes and construction loans payable and accrued interest, net
101,277,848
79,039,366
Asset management fees payable Accounts payable - affiliates
10,624
42,458
13,957,681
10,771,301
Total liabilities
519,753,977
459,744,677
Net assets: Without donor restrictions - controlling Without donor restrictions - noncontrolling
51,623,550 42,091,943
55,535,912 22,424,428
Total net assets without donor restrictions
93,715,493
77,960,340
Net assets with donor restrictions
51,124
58,696
Total net assets
93,766,617
78,019,036
Total liabilities and net assets
$
613,520,594
$
537,763,713
See notes to consolidated financial statements
5
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