THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
UNAUDITED CONSOLIDATING STATEMENT OF FINANCIAL POSITION - REAL ESTATE ENTITIES - CONTINUED
December 31, 2017 __________
Benning Heights Affordable
Orange Affordable
Falls Church
Mark Twain
Anacostia Garden
Total
Assets:
Cash and cash equivalents
$
- -
$
2,898,510
$
103,290
$
24,296
$
54,838
$
4,311,439
Investments - unrestricted
35,089
- - -
- - -
- - - - - - - - - -
35,089
Notes receivable and accrued interest
21,567,905
1,154,605
77,794,468
Investments in housing funds
-
-
1,820
Land, buildings, improvements and equipment, net Mortgage escrow and utility deposits Prepaid expenses and other assets
- - - - - - -
4,059,191
21,201,736 2,799,360
8,368,918
91,087,120 4,916,415 1,169,963 1,170,153
134,434 12,956 178,819 37,066
79,914 53,690
75,374 256,416 40,013 25,256
Replacement reserves Tenants’ security deposits Deferred other costs, net
- - - -
303,288 25,256 375,274
-
Due from affiliates
500
-
Total assets
$
21,567,905
$
8,511,170
$
24,501,445
$
8,526,818
$
54,838
$
181,190,285
Liabilities: Accounts payable and accrued expenses
$
- - - - - - - -
$
62,968
$
330,059 46,277 35,830
$
137,359
$
-
$
1,543,484
Other liabilities
98
2,319
178
129,418 363,182
Tenants’ security deposits
37,066
33,433
- -
Mortgage notes payable and accrued interest
6,186,353
21,968,523
6,392,960
102,131,768
Notes and construction loans payable and accrued interest Accounts payable - affiliates Asset management fees payable Minority interest of current year loss
-
2,354,131 1,840,973
2,391,555
- - - -
14,795,182 3,387,414
517,675 97,500
- - -
- -
97,500
-
-
Total liabilities
-
6,901,660
26,575,793
8,957,626
178
122,447,948
Net assets:
Beginning net assets
20,832,628
1,298,866
(93,615)
(200,748)
315,769
54,029,291
Transfers in
- -
- -
- -
- -
-
-
Contributions (distributions)
386,773
Excess of revenue over expenses (expenses over revenue)
735,277
310,644
(1,980,733)
(230,060)
(261,109)
4,326,273
Total net assets
21,567,905
1,609,510
(2,074,348)
(430,808)
54,660
58,742,337
Total liabilities and net assets
$
21,567,905
$
8,511,170
$
24,501,445
$
8,526,818
$
54,838
$
181,190,285
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