THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2017 and 2016
NOTE 1 - ORGANIZATION The NHP Foundation (NHPF) was incorporated in the District of Columbia on January 30, 1989 as a nonprofit charitable organization. The purpose of NHPF is to provide quality affordable multifamily housing and resident services for very low-, low- and moderate-income families. NHPF and its Affiliated Entities (collectively the Organization), provides housing at 37 properties, impacting over 6,399 apartments, serving residents and community members in 15 states and the District of Columbia. Operation Pathways, Inc. (Pathways) was incorporated in the District of Columbia on January 9, 2015 as a nonstock, nonprofit charitable organization. Prior to becoming a separate 501(c)(3), Operation Pathways operated as a division of The NHP Foundation (“NHPF“ or “Sponsor“), with whom it is still affiliated. The purpose of the Organization is to provide resident services to properties owned by NHPF through a wide variety of educational, health, and enrichment programming. The Organization currently provides services to 20 properties in 12 states plus the District of Columbia impacting over 3,855 units of affordable housing. Interstate I Affordable Housing, Inc. (Interstate) was incorporated in the District of Columbia on August 7, 1997 as a nonprofit charitable organization and was organized exclusively to foster low- income affordable housing as a supporting organization to NHPF.
Principal support of the Organization consists of rental revenue and contributions and grants from foundations and corporations.
The following list of real estate entities is comprised of nonprofits, a limited partnership and limited liability companies, which are wholly owned by NHPF or Interstate, that provide either financing to affiliated tax credit entities or operate affordable multifamily housing communities:
A.C.T. Affordable Housing, Inc. (LaSalle at Lincoln Heights) [8] Alexander House Owner, LLC (Alexander) Anacostia Gardens Investor, LLC (Anacostia Garden) Asmara Affordable Housing, Inc. (Asmara) [3] Benning Heights Affordable, LLC (Benning) [6] Cherry Affordable Housing, Inc. (Cherry) [2] C/HP Cove, Inc. (Clipper) Cornerstone/Bayview, Inc. (Bayview) Cornerstone/St. Luke’s Inc. (St. Luke’s) FCHC Virginia Community Development Corporation (Falls Church) [1] Falls Church Winter Hill, LLC (Winter Hill) [1] Foxwood Affordable Housing, Inc. (Foxwood) Hollybush Affordable Housing, Inc. (Hollybush) Nannie Helen Manager, LLC New Covent, LLC (New Covent) Milliken Affordable Housing, Inc. (Milliken) [9]
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