Prudential Checklist

THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES

SUPPLEMENTARY INFORMATION - CONTINUED

CONSOLIDATING STATEMENT OF ACTIVITIES

Year ended December 31, 2018 __________

Without Donor Restrictions

With Donor Restrictions

Total Temporarily Restricted

The NHP Foundation

Operation Pathways

All Real Estate Entities

Total Unrestricted

Operation Pathways

Consolidation Eliminations

Interstate

Total

Public support and operating revenue: Rent revenue

- -

- - -

64,445,631 $

- -

64,445,631 $

Developer fee revenue Contributions and grants

7,509,927 3,074,370

7,509,927 3,469,673 2,140,105 1,765,488 4,434,549 4,175,726

(1,162,289) (2,454,371) (1,579,502) (1,376,654) (3,522,461) (1,830,153)

6,347,638 1,034,422

391,518 883,592

3,785

19,120

Management fees

340,100

58,804

857,609 707,747

- - - -

560,603 388,834 912,088

Other income (losses) in housing funds

1,057,741 1,155,140 1,028,912

- -

- - -

Interest revenue Other revenue

3,279,409 3,145,414

1,400

2,345,573

14,166,190

1,276,510

58,804

72,439,595

87,941,099

19,120

(11,925,430)

76,034,789

Net assets released from restrictions

26,692

26,692.00

(26,692)

Total public support and operating revenue

14,166,190

1,303,202

58,804

72,439,595

87,967,791

(7,572)

(11,925,430)

76,034,789

Expenses: Program services:

Rental operations

- - -

- - - -

77,056,374

77,056,374 4,370,628

- - - -

(7,071,459)

69,984,915 4,370,628

Acquisition and development

4,370,628

- - -

Asset management Operation Pathways

977,713

1,198,043

Supporting services: Management and general

7,374,355

339,603 59,466

141,569

7,513,359

15,368,886

- -

(3,305,162)

12,063,724

Fundraising services

502,597

562,063

Total expenses

13,225,293

1,597,112

141,569

84,569,733

99,533,707

(10,376,621)

89,157,086

Excess of revenue over expenses (expenses over revenue) before other revenue (expense)

940,897

(293,910)

(82,765)

(12,130,138)

(11,565,916)

(7,572)

(1,548,809)

(13,122,297)

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