THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
UNAUDITED CONSOLIDATING STATEMENT OF ACTIVITIES - REAL ESTATE ENTITIES - CONTINUED
Year ended December 31, 2017 __________
Nannie Helen Owner (Strand)
Foxwood Affordable
Hollybush Affordable
Plaza B I
Copper
New Covent
Pines at Carolina
Rent revenue
$
- -
$
726,386
$
- - - - -
$
232,476
$
1,951,468
$
- -
$
- -
-
- -
- -
Contribution income - non-affiliates
Interest income Other revenue
158,460
13
760,184
204,234
- -
24,004
149,600
58,256
- -
- -
Gain (loss) on sale of properties
6,312,429
-
-
158,460
7,062,832
-
382,076
2,009,724
760,184
204,234
Total revenue
Salaries and benefits
- - - - - - - - - - - - - - - - - - -
106,715 370,499 138,144 34,325 48,192 29,736 27,105
- - - - - - - - - - - - - - - - - - -
145,002 78,438 380,564 41,861 18,974
300,136 251,411 784,247 182,582 71,327
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - -
Facilities and maintenance
Interest Utilities
Insurance
Real estate taxes
-
358
Property management fees Asset management fees
23,449
78,913
-
7,500 8,800 7,274
-
Accounting expense
1,480
12,101 13,092 69,987
Legal
-
Management and administration
53,693
83,254 41,461
196
-
Consulting expense
Marketing
3,175
812
6,425
Bad debt expense
34,199
33,159
41,806
-
144
- -
Travel
Contributions expense
1,304,750
-
505,357
Depreciation Amortization
100,903
61,453
439,286
- - -
-
-
-
26,161
217
10,000
Other financial expense and acquisition fee
Other losses (income) in
- -
-
- -
-
-
- -
-
investment in housing funds
Total expense
2,279,273
932,362
2,261,671
505,357
Excess of revenue over expenses (expenses over revenue) attributable to the Organization - continued operations
158,460
4,783,559
-
(550,286)
(251,947)
760,184
(301,123)
Excess of revenue over expenses attributable to the Organization - discontinued operations
-
-
-
-
-
-
-
Excess of revenue over expenses (expenses over revenue) attributable to the Organization
$
158,460
$
4,783,559
$
-
$
(550,286)
$
(251,947)
$
760,184
$
(301,123)
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