THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
UNAUDITED CONSOLIDATING STATEMENT OF ACTIVITIES - REAL ESTATE ENTITIES
Year ended December 31, 2017 __________
Cornerstone Bayview
Takoma Place Investor
Cornerstone St Luke’s
Clipper Cove
ACT LaSalle
Alexander House
Cherry Affordable
Rent revenue
$
- -
$
1,182,458
$
4,471,030
$
- -
$
5,684
$
800,910
$
- -
-
- -
- -
-
Contribution income - non-affiliates
Interest income Other revenue
266,518
27,331
267,661
66
4,678
- -
9,283
243,668
- -
376
31,967
- -
Gain (loss) on sale of properties
-
-
-
-
266,518
1,219,072
4,714,698
267,661
6,060
832,943
4,678
Total revenue
Salaries and benefits
- - - - - - - - - - - - - - -
222,044 243,564 644,542 190,889 30,408
525,253 717,063 912,437 362,288 403,384 218,094 160,957 57,485 12,000 10,346 255,819
- - - - - - - - - - - - - - - - - - -
3,380 2,667
180,099 153,978 401,069 86,215 29,553 65,312 51,300
- - - - - - - - - - - - - - -
Facilities and maintenance
Interest Utilities
-
3,062 7,240 1,199 1,935
Insurance
Real estate taxes
4,216
Property management fees Asset management fees
47,647
-
-
-
Accounting expense
15,998
470
12,275
Legal
629
-
1,660
Management and administration
460,316
6,366
41,571
-
-
- - - - - - - -
-
Consulting expense
Marketing
3,117
13,179 49,130
891 755 989
Bad debt expense
22,639
1,620
1,093
Travel
Contributions expense
456,434
-
8,541,568
-
34,673
Depreciation Amortization
- - -
200,443
815,363
142,965
- - -
-
-
-
1,335
6,595
193
Other financial expense and acquisition fee
Other losses (income) in
-
-
-
- -
-
-
(319)
investment in housing funds
Total expense
456,434
2,089,407
13,062,054
26,319
1,168,825
34,354
Excess of revenue over expenses (expenses over revenue) attributable to the Organization - continued operations
(189,916)
(870,335)
(8,347,356)
267,661
(20,259)
(335,882)
(29,676)
Excess of revenue over expenses attributable to the Organization - discontinued operations
-
-
-
-
-
-
-
Excess of revenue over expenses (expenses over revenue) attributable to the Organization
$
(189,916)
$
(870,335)
$
(8,347,356)
$
267,661
$
(20,259)
$
(335,882)
$
(29,676)
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