THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
UNAUDITED CONSOLIDATING STATEMENT OF FINANCIAL POSITION - REAL ESTATE ENTITIES – CONTINUED
December 31, 2017 __________
Nannie Helen Owner (Strand)
Foxwood Affordable
Hollybush Affordable
Plaza B I
Copper
New Covent
Pines at Carolina
Assets:
Cash and cash equivalents
$
22,620
$
- - - - - - - - - - -
$
- - - -
$
11,820
$
195,591
$
- -
$
- -
Investments - unrestricted
-
- - -
- - -
Notes receivable and accrued interest
5,233,684
18,688,879
6,188,317
Investments in housing funds
-
-
-
Land, buildings, improvements and equipment, net Mortgage escrow and utility deposits Prepaid expenses and other assets
- -
3,706,452
7,156,023
17,945,496
- - - - - - -
- - - - - - -
- - - - - -
290,076 24,516 156,019
69,182 146,289 300,434 78,472
8,725
Replacement reserves Tenants’ security deposits Deferred other costs, net
- - -
4,250
- -
- -
Due from affiliates
222,758
Total assets
$
5,487,787
$
-
$
3,706,452
$
7,642,704
$
18,735,464
$
18,688,879
$
6,188,317
Liabilities: Accounts payable and accrued expenses
$
15,088
$
- - - - - - - -
$
- - -
$
253,603 11,115
$
71,085 17,841 78,801
$
- - - - - - - -
$
- - - - - - - -
Other liabilities
- - -
Tenants’ security deposits
-
Mortgage notes payable and accrued interest
3,454,886
7,214,585
14,638,615
Notes and construction loans payable and accrued interest Accounts payable - affiliates Asset management fees payable Minority interest of current year loss
-
-
- - - -
3,684,679
250,447
251,566
- - -
- -
- -
Total liabilities
265,535
-
3,706,452
7,479,303
18,491,021
-
-
Net assets:
Beginning net assets
5,063,792
(4,783,559)
- - -
713,687
359,849
17,928,695
6,489,440
Transfers in
- -
- -
- -
-
- -
- -
Contributions (distributions)
136,541
Excess of revenue over expenses (expenses over revenue)
158,460
4,783,559
-
(550,286)
(251,947)
760,184
(301,123)
Total net assets
5,222,252
-
-
163,401
244,443
18,688,879
6,188,317
Total liabilities and net assets
$
5,487,787
$
-
$
3,706,452
$
7,642,704
$
18,735,464
$
18,688,879
$
6,188,317
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