THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS
Years ended December 31, 2018 and 2017 ___________
With donor restrictions Controlling
Without donor restrictions
Net assets
Controlling
Noncontrolling
Total
Total
Beginning balance, January 1, 2017
$
38,374,259
40,913,075 $
$
79,287,334
$
136,500
$
79,423,834
Transfers in
-
(54,316,992)
(54,316,992)
-
(54,316,992)
Transfer of net assets
(14,740,737)
14,740,737
-
-
Capital contributions from noncontrolling interests, net of syndication costs
-
28,340,587
28,340,587
-
28,340,587
Excess of expenses over revenue attributable to noncontrolling interests
-
(7,252,979)
(7,252,979)
-
(7,252,979)
Excess of revenue over expenses (expenses over revenue) attributable to the Organization
31,902,390
-
31,902,390
(77,804)
31,824,586
Ending balance, December 31, 2017
55,535,912
22,424,428
77,960,340
58,696
78,019,036
Transfers in
346,630
-
346,630
-
346,630
Transfer of net assets
(1,189,333)
1,189,333
-
-
-
Capital contributions from noncontrolling interests, net of syndication costs
-
28,037,043
28,037,043
-
28,037,043
Excess of expenses over revenue attributable to noncontrolling interests
-
(9,558,861)
(9,558,861)
-
(9,558,861)
Excess of revenue over expenses (expenses over revenue) attributable to the Organization
(3,069,659)
-
(3,069,659)
(7,572)
(3,077,231)
Ending balance, December 31, 2018
$
51,623,550
42,091,943 $
$
93,715,493
$
51,124
$
93,766,617
See notes to consolidated financial statements
8
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