THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
UNAUDITED CONSOLIDATING STATEMENT OF ACTIVITIES - TAX CREDIT ENTITIES
Year ended December 31, 2018 __________
Alabama Ave. (Roundtree)
Bayview Preservation
Benning Heights Investor
Foxwood Preservation
Bolton North
Cleme Manor
Rent revenue Interest income Other revenue
$
988,055
$
3,749,098
$
1,842,440
$
3,026,453
$
2,673,554
$
2,769,025
1,657
9,891
2,821
556
17
1,012
32,672
34,037
39,857
62,082
66,312
64,371
Total revenue
1,022,384
3,793,026
1,885,118
3,089,091
2,739,883
2,834,408
Salaries and benefits
218,279 107,553 186,549 63,207 45,303
404,560 497,565
347,070 360,584 864,478 131,879 93,115
184,051 258,090 932,267 452,706 38,263 106,384 109,824
335,769 315,553 692,199 261,820 227,940 226,534 109,466 42,436 15,000
375,193 458,817 980,601 399,436 117,100 266,611 129,062 15,000 15,650 14,456 280,450
Facilities and maintenance
Interest Utilities
1,217,578
441,140 108,701 304,164 149,552
Insurance
Real estate taxes
-
-
Property management fees Asset management fees
50,956 30,000 20,282
93,056
-
-
-
Accounting expense
11,584
55,653 176,472 478,334
2,200
Legal
1,124
9,674
39,978 675,062
1,071
Management and administration
184,301 10,448
166,951
132,004
Consulting expense
-
3,068 1,630
-
1,745
3,466
Marketing
9,446 1,056 6,270
12,568
3,656
31,432
22,160
Travel
-
-
-
- -
6,801
Bad debt expense
36,410
39,323
5,399
16,510
Other financial expense and acquisition fee
-
-
2,254
317,176 732,184 94,425
162,506
-
Depreciation Amortization
338,751
707,516
688,504
1,034,318
784,983
4,006
4,113
-
-
9,480
Total expense
1,277,531
4,072,076
3,335,420
3,951,665
3,589,793
3,895,776
Excess of (expenses over revenue) revenue over expense
(255,147)
(279,050)
(1,450,302)
(862,574)
(849,910)
(1,061,368)
Excess of expenses over revenue attributable to noncontrolling interests
255,122
279,022
1,450,157
767,935
849,825
1,061,262
Excess of expenses over revenue attributable to the Organization
$
(25)
$
(28)
$
(145)
$
(94,639)
$
(85)
$
(106)
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