THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
SUPPLEMENTARY INFORMATION - CONTINUED
UNAUDITED CONSOLIDATING STATEMENT OF ACTIVITIES - REAL ESTATE ENTITIES - CONTINUED
Year ended December 31, 2017 __________
Benning Heights Affordable
Orange Affordable
Falls Church
Mark Twain
Anacostia Garden
Total
Rent revenue
$
- -
$
1,371,730
$
1,377,001
$
1,212,599
$
61,652
$
21,069,106
Contribution income - non-affiliates
76,982 82,955
-
-
-
76,982
Interest income Other revenue
735,277
45
58
66
2,966,900 1,223,338 43,850,456
- -
9,356
14,265
16,556
(300)
Gain (loss) on sale of properties
584,246
-
-
(343,209)
Total revenue
735,277
2,125,269
1,391,311
1,229,213
(281,791)
69,186,782
Salaries and benefits
- - - - - - - - - - - - - - - - - - -
558,743 190,467 301,137 109,067 17,514
$
241,514 115,047
$
238,358 130,546 478,872 190,991 32,678 49,898 59,400
$
(2,882)
$
3,439,741 4,631,476 5,927,476 2,059,869 1,099,944
Facilities and maintenance
794
Interest Utilities
1,609,653
26,134
121,474 76,013
(30,769) (2,431) (23,224)
Insurance
Real estate taxes
3,328
-
379,099 904,672 266,277 191,854 163,829
Property management fees Asset management fees
48,264 65,000 29,557
75,419
2,387
-
-
-
Accounting expense
8,800
18,564
12,203
Legal
2,685
95,310 358,665 28,369
8,006
-
Management and administration
226,970
97,619
1,373
2,408,187
Consulting expense
8,100
2,658
-
89,329 85,865 440,513
Marketing
22,682
1,810
212
68
Bad debt expense
3,345
76,016
18,673
(5,842)
Travel
211
298
122
100
5,601
Contributions expense
100,000 127,555
-
-
- - -
39,314,416 3,376,833
Depreciation Amortization
559,758
132,676
- -
3,898
- -
3,898
Other financial expense and acquisition fee
-
1,407
71,949
Other losses (income) in
investment in housing funds
- -
-
-
-
-
(319)
Total expense
1,814,625
3,372,044
1,459,273
(20,682)
64,860,509
Excess of revenue over expenses (expenses over revenue) attributable to the Organization - continued operations
735,277
310,644
(1,980,733)
(230,060)
(261,109)
4,326,273
Excess of revenue over expenses attributable to the Organization - discontinued operations
-
-
-
-
-
-
Excess of revenue over expenses (expenses over revenue) attributable to the Organization
$
735,277
$
310,644
$
(1,980,733)
$
(230,060)
$
(261,109)
$
4,326,273
- 65 -
Powered by FlippingBook