THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
CONSOLIDATING STATEMENT OF ACTIVITIES
Year ended December 31, 2017 __________
Unrestricted
Temporarily Restricted
The NHP Foundation
Total Temporarily Restricted
Consolidation Eliminations
Operation Pathways
Interstate
Real Estate Entities
Tax Credit Entities
Other Entities
Total Unrestricted
Operation Pathways
Total
Public support and operating revenue: Rent revenue
$
-
$
-
$
-
$
21,069,106
$
32,312,571
$
-
$
53,381,677 1,250,323 6,846,597
$
- -
$
- -
$
-
$
53,381,677
Management fees
216,292
852,561 500,677
57,388
-
- -
124,082 174,542
(1,201,898) (3,389,395)
48,425
Contributions and grants
6,094,396
-
76,982
139,068
139,068
3,596,270
6,310,688
1,353,238
57,388
21,146,088
32,312,571
298,624
61,478,597
139,068
139,068
(4,591,293)
57,026,372
Net assets released from restrictions
-
216,872
-
-
-
-
216,872.00
(216,872)
(216,872)
-
-
Total public support and operating revenue
6,310,688
1,570,110
57,388
21,146,088
32,312,571
298,624
61,695,469
(77,804)
(77,804)
(4,591,293)
57,026,372
Expenses:
Program services:
Rental operations
-
- - -
- - - -
62,062,625
38,285,503
- - - -
100,348,128
- - - -
- - - -
(38,990,203)
61,357,925 3,540,391
Acquisition and development
3,540,391
- - -
- - -
3,540,391
- - -
Asset management Operation Pathways
731,016
731,016
731,016
-
1,384,460
1,384,460
1,384,460
Supporting services:
-
Management and general
9,804,946
337,444 81,432
524,447
2,798,203
2,117,252
2,327,515
17,909,807
- -
- -
(5,583,222)
12,326,585
Fundraising services
225,705
-
-
-
-
307,137
-
307,137
Total expenses
14,302,058
1,803,336
524,447
64,860,828
40,402,755
2,327,515
124,220,939
-
-
(44,573,425)
79,647,514
Excess of revenue over expenses (expenses over revenue) before other revenue (expense)
(7,991,370)
(233,226)
(467,059)
(43,714,740)
(8,090,184)
(2,028,891)
(62,525,470)
(77,804)
(77,804)
39,982,132
(22,621,142)
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