THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2017 and 2016 __________
The combined summary financial information of the equity investments as of December 31, 2017 and 2016 and for the years then ended, are as follows:
BALANCE SHEET
2017
2016
Cash and cash equivalents
$
1,133,481
$
299,535 260,306 122,430
Restricted cash
573,148
Investment in properties
(164,146)
Land, buildings, improvements and equipment, net
27,225,193 15,524,073
19,800,487 15,664,275
Mortgage escrow and utility deposits
Prepaid expenses and other assets
224,013 350,820
326,275 356,549
Replacement reserves
Tenants' security deposits
22,123
15,501
Due from affiliate
5,193
1,519
Total assets
$
44,893,898
$
36,846,877
LIABILITIES AND MEMBERS' EQUITY
Accounts payable and accrued expenses
$
1,286,897
$
918,211 375,723
Other liabilities
875,976
Tenants' security deposits
43,390
37,296
Mortgage notes payable and accrued interest, net
15,902,360
8,454,928
Notes and construction loans payable and accrued interest, net
17,641,639
18,230,293
Total liabilities
35,750,262
28,016,451
Members' equity NHPF's member equity Other members' equity
(39,812)
737,280
9,183,448
8,093,146
Total members' equity
9,143,636
8,830,426
Total liabilities and members' equity
$
44,893,898
$
36,846,877
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