THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED YEARS ENDED DECEMBER 31, 2018 and 2017
NOTE 6 - INVESTMENTS IN OPERATING ENTITIES As of December 31, 2018, and 2017, NHPF and its affiliates have investments in operating entities that it accounts for under the cost or equity method. These investments are summarized in the table below:
Date of Initial Investment
Accounting Method
Operating Entity
12/31/2018
12/31/2017
Housing Partnership Equity Trust, LLC
Various
Cost Cost Cost
$
184,030
$
184,052
NHPF-Shore Hill Investor, LLC NHPF-Shore Hill Manager, LLC
2018 2018
1,515,320
- -
2,530
1,701,880
184,052
Total cost method investments
CHA LLC
2016 2011 2015 2016 2017 2017
Equity Equity Equity Equity Equity Equity
(36)
-
Cherry Estates Eagles Landing NHPF/UA, LLC NHPF/UA II, LLC NHPF/WFH, LLC
1,821
1,820
44,339
44,342
627,685
-
33,585
(85,974)
(32,500) 674,894
-
Total equity method investments
(39,812)
$
2,376,774
$
144,240
Total cost and equity method investments
The combined equity investments as of and for the years ended December 31, 2018 and 2017 are summarized below:
Investments in operating entities at January 1, 2017
$
737,280
Capital contributions paid
44,342
Distributions received
(821,757)
Equity in income of Operating Entities
323
Investments in operating entities at December 31, 2017
$
(39,812)
Capital contributions paid
381,550
Distributions received
(55,678)
Equity in losses of operating entities
388,834
Investments in operating entities at December 31, 2018
$
674,894
The combined summary financial information of the equity investments as of December 31, 2018 and 2017 and for the years then ended, are as follows:
- 25 -
Powered by FlippingBook