THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
December 31, 2017 and 2016 __________
2017
2016
Assets: Cash and cash equivalents Investments - restricted Investments - unrestricted
$
44,889,762
$
13,229,779
467,970 373,579 734,448 880,833
463,770 371,467 11,299
Restricted cash
Notes receivable and accrued interest
1,670,244
Grants receivable
5,026
46,122 933,839
Investment in housing funds
144,240
Land, buildings, improvements and equipment, net
433,437,788 28,905,368
341,952,473 17,226,035
Mortgage escrow and utility deposits Prepaid expenses and other assets
7,233,886
2,766,630
Working capital advances Replacement reserves Tenants’ security deposits Deferred development costs Deferred other assets, net
16,381
37,695
5,736,419 1,376,824 4,983,859 1,135,753 7,441,577
5,647,350 1,368,169 1,284,400
876,044 263,445
Due from affiliates
Total assets
$
537,763,713
$
388,148,761
Liabilities: Accounts payable and accrued expenses
$
12,515,007 4,731,777 1,421,172 353,798,386 76,464,576
$
7,091,609 5,910,084 1,529,171
Other liabilities
Tenants’ security deposits
Mortgage notes payable and accrued interest, net
250,605,281 41,687,546
Notes and construction loans payable and accrued interest, net
Asset management fees payable Accounts payable - affiliates
42,458
3,333
10,771,301
1,897,903
Total liabilities
459,744,677
308,724,927
Net assets: Unrestricted controlling Unrestricted noncontrolling
55,535,912 22,424,428
38,374,259 40,913,075
Total unrestricted net assets
77,960,340
79,287,334
Temporarily restricted net assets
58,696
136,500
Total net assets
78,019,036
79,423,834
Total liabilities and net assets
$
537,763,713
$
388,148,761
See notes to consolidated financial statements
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