THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
UNAUDITED CONSOLIDATING STATEMENT OF ACTIVITIES - REAL ESTATE ENTITIES - CONTINUED
Year ended December 31, 2017 __________
Asmara
The Grove at Trinity Mills
Creek Hollow
Heritage Square
The Highlands
Stone Ridge
Magnolia
Milliken Affordable
Rent revenue
$
846,528
$
1,017,223
$
1,072,919
$
2,523,700
$
1,461,489
$
753,853
$
- -
-
-
-
-
-
-
Contribution income - non-affiliates
Interest income Other revenue
9
9
7
24
8
4
459,293
120,226
17,880
101,958
263,890
116,549
39,689
6,115
Gain (loss) on sale of properties
3,302,542
3,821,387
4,082,693
12,501,056
7,862,709
5,726,603
-
4,269,305
4,856,499
5,257,577
15,288,670
9,440,755
6,520,149
465,408
Total revenue
Salaries and benefits
141,293 364,239 70,308 96,790 72,790
126,239 234,473
157,303 408,717 51,444 64,621 44,680
258,017 581,727
151,220 595,445 146,006 284,506 66,007
87,307 192,401 137,430 46,673 43,461 30,182 30,292
- - - - - - - - - - - - - - -
Facilities and maintenance
Interest Utilities
8,130
(162,641)
72,583 37,579
202,711 102,575
Insurance
Real estate taxes
-
-
-
-
-
Property management fees Asset management fees
37,597 17,147
40,546 20,004
45,786 19,451
110,153 50,609 20,966
63,522 29,081 13,253
-
Accounting expense
7,796 6,912
7,276 2,330
8,835 4,460
1,480
Legal
4,284
6,841
-
Management and administration
119,578
108,909
100,983
194,143
174,929
54,012
-
-
-
-
-
8,545 4,630
Consulting expense
Marketing
8,230
5,649
6,425
1,958
6,602
Bad debt expense
24,242
27,970
30,243
49,160
21,227
13,791
335
61
114
46
468
-
Travel
Contributions expense
2,783,335
4,421,626
4,119,237
11,509,185
4,937,984
425,725 85,325
174,542
Depreciation Amortization
88,716
87,688
72,631
227,907
234,164
- - -
- -
- -
- -
- -
- -
-
26,041
Other financial expense and acquisition fee
Other losses (income) in
-
-
-
-
-
-
-
investment in housing funds
Total expense
3,839,308
5,201,063
5,134,930
13,150,800
6,731,255
1,187,295
174,542
Excess of revenue over expenses (expenses over revenue) attributable to the Organization - continued operations
429,997
(344,564)
122,647
2,137,870
2,709,500
5,332,854
290,866
Excess of revenue over expenses attributable to the Organization - discontinued operations
-
-
-
-
-
-
-
Excess of revenue over expenses (expenses over revenue) attributable to the Organization
$
429,997
$
(344,564)
$
122,647
$
2,137,870
$
2,709,500
$
5,332,854
$
290,866
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