THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
UNAUDITED CONSOLIDATING STATEMENT OF FINANCIAL POSITION - REAL ESTATE ENTITIES
December 31, 2017 __________
Cornerstone Bayview
Takoma Place Investor
Cornerstone St Luke’s
Clipper Cove
ACT LaSalle
Alexander House
Cherry Affordable
Assets:
Cash and cash equivalents
$
- -
$
97,470
$
217,435
$
- -
$
4,740
$
540
$
- -
Investments - unrestricted
- - -
- - -
- - -
- - -
Notes receivable and accrued interest
11,151,082
6,686,382
102,978
Investments in housing funds
-
-
1,820
Land, buildings, improvements and equipment, net Mortgage escrow and utility deposits Prepaid expenses and other assets
- - - - - - -
14,491,436
6,522,718
- - - - - - -
1,687,256
5,947,894
- - - - - - -
497,798 86,584 27,090 59,454
584,859 194,958
66,585
44,812 48,861
8,415
Replacement reserves Tenants’ security deposits Deferred other costs, net
-
251,375 15,677
-
49,609
18,747
-
- -
- -
- -
Due from affiliates
104,133
Total assets
$
11,151,082
$
15,363,965
$
7,569,579
$
6,686,382
$
2,034,048
$
6,060,854
$
104,798
Liabilities: Accounts payable and accrued expenses
$
- - - - - - - -
$
173,381 22,864 57,923
$
323,001 14,792 86,536
$
- - - - - - - -
$
3,826
$
36,311
$
2,246
Other liabilities
10,634 15,712
3,300
- - - - - - -
Tenants’ security deposits
17,881
Mortgage notes payable and accrued interest
15,978,632
24,530,965
1,766,249
-
Notes and construction loans payable and accrued interest Accounts payable - affiliates Asset management fees payable Minority interest of current year loss
-
300,740
-
6,064,077
1,500
- - -
7,654
517,599
- -
- -
- -
$
Total liabilities
-
16,234,300
25,256,034
-
1,804,075
6,639,168
2,246
Net assets:
Beginning net assets
11,340,998
- - -
(9,339,099)
6,418,721
- -
(242,432)
132,228
Transfers in
- -
- -
- -
- -
- -
Contributions (distributions)
250,232
Excess of revenue over expenses (expenses over revenue)
(189,916)
(870,335)
(8,347,356)
267,661
(20,259)
(335,882)
(29,676)
Total net assets
11,151,082
(870,335)
(17,686,455)
6,686,382
229,973
(578,314)
102,552
Total liabilities and net assets
$
11,151,082
$
15,363,965
$
7,569,579
$
6,686,382
$
2,034,048
$
6,060,854
$
104,798
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