THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2017 and 2016 __________
The following investments are recorded on the equity method:
Cherry Estates In 2011, the property and the related assets and liabilities of Cherry were sold to an unrelated third party. Cherry retained a .01% special limited partner interest in the new entity. As of December 31, 2017 and 2016, the investment balance was $1,820 and $1,500, respectively. Eagles Landing During 2015, NHPF acquired its interest in Eagles Landing. As of December 31, 2017 and 2016, the investment balance was $44,342 and $0. Nonprofit Housing Preservation SB, Inc. (Sunset Bay) During 2016, NHPF acquired its interest in Sunset Bay. As of December 31, 2017, and 2016, the investment balance was $0. CHA During 2016, NHPF acquired its interest in CHA, LLC. As of December 31, 2017 and 2016, the investment balance was $0.
Workforce Housing During 2015, NHPF acquired its interest in NHPF/WFH, LLC.
NHPF/UA NDFD acquired its interest in the NHPF/UA for an initial investment of $309,165. As of December 31, 2017 and 2016, the investment in NHPF/UA was $(85,974) and $735,780, respectively.
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