THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
UNAUDITED CONSOLIDATING STATEMENT OF ACTIVITIES - SUMMARY - CONTINUED
Year ended December 31, 2017 __________
Operation
Real Estates
Tax Credits
Other
Elimination
NHPF
Pathways
Interstate
Entities
Entities
Entities
Entries
Total
Salaries and benefits
5,926,679
1,088,360
-
3,439,741
4,949,790
27,381
-
15,431,951
Facilities and maintenance
-
-
-
4,631,476
4,137,350
-
-
8,768,826
Interest
326,527
-
-
5,927,476
8,327,104
-
(2,642,984)
11,938,123
Utilities
-
-
-
2,059,869
3,335,964
-
-
5,395,833
Insurance
73,086
-
-
1,099,944
1,669,246
-
-
2,842,276
Real estate taxes
-
-
-
379,099
2,356,006
-
-
2,735,105
Property management fees
-
-
-
904,672
1,394,675
-
-
2,299,347
Asset management fees
-
-
-
266,277
149,958
30,000
(383,338)
62,897
Accounting expense
108,175
18,000
-
191,854
233,680
2,500
-
554,209
Legal
244,788
7,504
-
163,829
231,622
-
-
647,743
Management and administration
1,856,223
512,353
434
2,408,187
3,935,095
-
(118,349)
8,593,943
Consulting expense
1,134,434
21,600
-
89,329
139,642
-
-
1,385,005
Marketing
301,917
11,995
-
85,865
154,145
-
-
553,922
Travel
674,338
108,524
-
5,601
5,941
-
-
794,404
Bad debt expense
2,740,408
35,000
-
440,513
235,537
-
(2,740,408)
711,050
Directors fee expense
15,000
-
-
-
-
-
-
15,000
Resident service fees
804,136
-
-
-
-
-
(804,136)
-
Contributions expense
1,000
-
524,013
39,314,416
-
707,634
(37,104,210)
3,442,853
Other financial expense and
-
-
-
71,949
135,304
1,560,000
(780,000)
987,253
Depreciation
94,602
-
-
3,376,833
8,815,170
-
-
12,286,605
Amortization
745
-
-
3,898
196,526
-
-
201,169
Other losses (income) in investment in housing funds
2,866,163
-
-
(319)
-
(31,656,815)
28,790,648
(323)
Total expense
17,168,221
1,803,336
524,447
64,860,509
40,402,755
(29,329,300)
(15,782,777)
79,647,191
Excess of expense over revenue (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
Excess of expenses over revenue attributable to noncontrolling interests
-
-
-
-
7,252,979
-
-
7,252,979
Excess of revenue over expenses (expenses over revenue) attributable to the Organization
$
20,972,427
$
(305,137)
$
(745,421)
$
4,326,273
$
(724)
$
29,821,842
$
(22,244,674)
$
31,824,586
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