THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
UNAUDITED CONSOLIDATING STATEMENT OF ACTIVITIES - TAX CREDIT ENTITIES - CONTINUED
Year ended December 31, 2018 __________
Ships Cove Preservation
St. Luke’s Preservation
Wade Road Parkchester
Woodmont Crossing
Walnut Square
Total
Rent revenue Interest income Other revenue
$
2,064,682
$
2,395,011
$
1,099,835
$
1,494,373
$
2,650,575
$
38,562,005
824
7,546
218
745
9,288
43,340
62,763
33,606
56,510
732,862
13,502
1,359,391
Total revenue
2,128,269
2,436,163
1,156,563
2,227,980
2,673,365
39,964,736
Salaries and benefits
219,349 450,035 432,869 273,443 262,021 83,858 83,691
356,961 268,668 470,423 450,280 56,491 196,693 96,324
251,522 193,692 345,258 124,170 74,226 68,245 47,880
217,706 187,995 390,216 108,751 32,077
241,952 430,225 141,002 362,616 69,975
5,100,347 5,376,186 10,184,713 4,377,400 1,788,493 2,432,042 1,610,764
Facilities and maintenance
Interest Utilities
Insurance
Real estate taxes
-
-
Property management fees Asset management fees
78,016
91,234 45,000
-
7,725
7,500
-
204,482 299,106 433,692
Accounting expense
4,440
34,702 29,323 422,049
24,850 14,798 197,209 14,747 27,868
36,640
-
Legal
-
6,214
72,917 55,648
Management and administration
197,438
890,933
4,817,642
Consulting expense
7,367
-
-
-
112,518 206,614 12,232 681,356
Marketing
13,361
9,392
351
6,735
Travel
-
-
488
1,027 6,126
945
Bad debt expense
56,552 209,326 950,478
7,861
146,030
156,463 425,027 678,282
Other financial expense and acquisition fee
127,083 637,301
-
363
1,253,525 11,294,544
Depreciation Amortization
508,465
599,114
5,241
2,436
5,703
4,005
7,064
168,941
Total expense
3,249,469
3,173,712
2,052,651
2,559,534
2,785,085
50,354,597
Excess of (expenses over revenue) revenue over expense
(1,121,200)
(737,549)
(896,088)
(331,554)
(111,720)
(10,389,861)
Excess of expenses over revenue attributable to noncontrolling interests
1,121,088
737,483
527,540
246,841
111,710
9,841,140
Excess of expenses over revenue attributable to the Organization
$
(112)
$
(66)
$
(368,548)
$
(84,713)
$
(10)
$
(548,721)
- 68 -
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