THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED YEARS ENDED DECEMBER 31, 2018 and 2017
BALANCE SHEET
2018
2017
Cash and cash equivalents
$
690,235
$
1,133,481
Restricted cash
1,294,301
573,148
Investment in properties
628,569
(164,146)
Land, buildings, improvements and equipment, net
28,983,164
27,225,193 15,524,073
Mortgage escrow and utility deposits
74,701
Prepaid expenses and other assets
816,113 20,425 59,355
224,013 350,820
Replacement reserves
Tenants' security deposits
22,123
Due from affiliate
24,596
5,193
Total assets
$
32,591,459
$
44,893,898
LIABILITIES AND MEMBERS' EQUITY
Accounts payable and accrued expenses
$
1,647,516 1,758,256
$
1,286,897
Other liabilities
875,976
Tenants' security deposits Mortgage notes payable
50,712
43,390
17,387,145
15,902,360
Notes and construction loans payable with accrued interest
3,002,510
17,641,639
Total liabilities
23,846,139
35,750,262
Members' equity NHPF member equity Other members' equity
674,894
(39,812)
8,070,426
9,183,448
Total members' equity
8,745,320
9,143,636
Total liabilities and members' equity
$
32,591,459
$
44,893,898
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