THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2017 and 2016 __________
STATEMENT OF OPERATIONS
2017
2016
Revenue
Rent revenue
$
2,656,770
$
1,735,250
Asset management fees
195,527
238,455 12,026 67,796
Interest revenue
94,024
Other revenue
1,089,257
Total revenue
4,035,578
2,053,527
Operating expenses Legal expense
33,179
(3,642)
Other professional fees
115,200
150,375
Travel
15,346
25,157
Office expenses
1,299,920 3,572,071
880,739
Miscellaneous operating expenses
1,295,212
Total operating expenses
5,035,716
2,347,841
Net income before equity in losses
(1,000,138)
(294,314)
Equity in losses
-
-
Net income (loss)
$
(1,000,138)
$
(294,314)
Investor's share of net income (loss)
$
323
$
(71,659)
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