THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
UNAUDITED CONSOLIDATING STATEMENT OF FINANCIAL POSITION - SUMMARY - CONTINUED
December 31, 2018 __________
Operation Pathways
All Real
Elimination
NHPF
Interstate
Estate Entities
Entries
Total
Liabilities: Accounts payable and accrued expenses
$
843,949
$
159,556 35,000
$
- - - - - - -
$
9,806,169 2,569,164 1,615,399
$
(235,030)
$
10,574,644 6,223,232 1,615,399 386,094,549 101,277,848 13,957,681
Other liabilities
3,619,068
- - -
Tenants’ security deposits
- -
- - - - -
Mortgage notes payable and accrued interest
386,094,549 184,442,136 24,584,177
Notes and construction loans payable and accrued interest
6,060,805
(89,225,093) (10,873,502)
Accounts payable - affiliates Asset management fees payable
247,006
-
183,125
(172,501)
10,624
Total liabilities
10,770,828
194,556
-
609,294,719
(100,506,126)
519,753,977
Net assets:
Beginning net assets Transfers in (out)
111,654,882
(280,896)
832,312
47,434,847 (7,292,393) 25,519,787 (137,435) (7,309,821)
(81,622,109)
78,019,036
- - -
- - -
- - -
7,639,023 2,517,256
346,630
Contributions (distributions), net of syndication costs
28,037,043
Change in equity
137,435
-
Excess of revenue over expenses (expenses over revenue)
2,622,738
(301,482)
(82,765)
(7,564,762)
(12,636,092)
Total net assets
114,277,620
(582,378)
749,547
58,214,985
(78,893,157)
93,766,617
Total liabilities and net assets
$
125,048,448
$
(387,822)
$
749,547
$
667,509,704
$
(179,399,283)
$
613,520,594
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