THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
CONSOLIDATED STATEMENTS OF ACTIVITIES – CONTINUED
Year ended December 31, 2017 ___________
Without donor restrictions
With donor restrictions
Total
Public support and operating revenue: Rent revenue
$
53,381,677 3,908,485 3,457,202
$
- -
$
53,381,677 3,908,485 3,596,270
Developer fee revenue Contributions and grants
139,068
Management fees
48,425
- - - -
48,425
Other income (losses) in housing funds
323
323
Interest revenue Other revenue
388,617
388,617
2,631,250
2,631,250
Total public support and operating revenue
63,815,979
139,068
63,955,047
Net assets released from restrictions
216,872
(216,872)
-
Total public support and operating revenue
64,032,851
(77,804)
63,955,047
Expenses: Program services:
Rental operations
61,357,925 3,540,391
- - - -
61,357,925 3,540,391
Acquisition and development
Asset management Operation Pathways
731,016
731,016
1,384,460
1,384,460
Supporting services: Management and general
12,326,585
- -
12,326,585
Fundraising services
307,137
307,137
Total expenses
79,647,514
-
79,647,514
Excess of (expenses over revenue) revenue over expenses before other revenue (expense)
(15,614,663)
(77,804)
(15,692,467)
Other revenue (expense): Gain (loss) on sale of properties
40,264,074
-
40,264,074
Total other revenue (expense)
40,264,074
-
40,264,074
Excess of (expenses over revenue) revenue over expenses - continued operations
9,638,671
(77,804)
9,560,867
Excess of expenses over revenue - discontinued operations
15,010,740
-
15,010,740
Excess of (expenses over revenue) revenue over expenses
24,649,411
(77,804)
24,571,607
Excess of expenses over revenue attributable to noncontrolling interests Excess of revenue over expenses (expenses over revenue) attributable to the Organization
7,252,979
-
7,252,979
$
31,902,390
$
(77,804)
$
31,824,586
See notes to consolidated financial statements
7
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