THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
UNAUDITED CONSOLIDATING STATEMENT OF FINANCIAL POSITION SUMMARY - CONTINUED
December 31, 2017 __________
Operation
Real Estates
Tax Credits
Other
Elimination
NHPF
Pathways
Interstate
Entities
Entities
Entities
Entries
Total
Liabilities: Accounts payable and accrued expenses
$
733,009
$
193,758
$
-
$
1,543,484
$
10,254,209
$
10,200
$
(219,653)
$
12,515,007
Other liabilities
3,515,658
4,358
-
129,418
2,642,343
-
(1,560,000)
4,731,777
Tenants’ security deposits
- -
- -
- -
363,182
1,057,990
- -
-
1,421,172
Mortgage notes payable and accrued interest
102,131,768
251,877,964
(211,346)
353,798,386
Notes and construction loans payable and accrued interest Accounts payable - affiliates Asset management fees payable
17,122,629
-
-
14,795,182 3,387,414
135,411,690 16,942,918
4,762,654 1,996,100
(95,627,579) (12,252,869)
76,464,576 10,771,301
526,055
167,935
3,748
-
-
-
97,500
246,573
-
(301,615)
42,458
Total liabilities
21,897,351
366,051
3,748
122,447,948
418,433,687
6,768,954
(110,173,062)
459,744,677
Net assets: Beginning net assets
90,682,455
24,241
1,577,733
54,029,291
38,294,743
2,653,395
(107,838,024)
79,423,834
Transfers in
-
-
-
-
(30,944,052)
(23,372,940)
-
(54,316,992)
Contributions (distributions), net of syndication costs
-
-
-
386,773
3,127,585
(23,890,842)
48,717,071
28,340,587
Change in equity
-
-
-
-
256,482
-
(256,482)
-
Excess of revenue over expenses (expenses over revenue)
20,972,427
(305,137)
(745,421)
4,326,273
(7,253,703)
29,821,842
(22,244,674)
24,571,607
Total net assets
111,654,882
(280,896)
832,312
58,742,337
3,481,055
(14,788,545)
(81,622,109)
78,019,036
Total liabilities and net assets
$
133,552,233
$
85,155
$
836,060
$
181,190,285
$
421,914,742
$
(8,019,591)
$
(191,795,171)
$
537,763,713
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