The NHP Foundation 2021-2022 Business Plan (Management Committee Meeting)
Budgeted
Projected
2021
2021
2022
Sources Transaction Revenues and Up-Front Developer Fees Alexander House
600,000 465,514
600,000 465,514
Anacostia Gardens Archibald (new)
403,965 262,500 500,000
-
-
17 Mississippi
175,000 659,991
175,000 659,991
Belmont Portfolio
1,539,981
Benning
-
-
300,000 610,313 750,000
Berry Manor Blue Mountain Change Happens
203,000 225,000 800,000
203,000 225,000 800,000
1,700,000 1,000,000
Columbia Heights Village
-
-
Exchange Place
325,000
325,000
50,000 825,000 315,000 315,000 736,000 400,000 500,000
Faith Gospel
- - -
- - -
HABC 1 HABC 2
Hollander Ridge
940,000 250,000 400,000 300,000
940,000 250,000 400,000 400,000
Hotel Covent
Magnificat Overlook
Princess Anne Park Heigths
-
-
1,402,500
300,000 700,000 400,000 600,000 613,358 400,000 240,000 747,500
Pines
300,000
300,000
Ridgecrest
-
-
Strand
300,000 200,000
300,000 200,000
Strand Theater
Sunset Bay
1,090,319
1,100,000
Temenos
400,000 203,000 373,750 150,000
400,000 203,000 373,750 150,000
Victoria Gardens
WRSHP
Solar
Transaction Revenues and Up-Front Developer Fees
8,360,574
8,470,255
15,611,117
Asset Management Fees, Other Fees, Other Income
1,844,809
1,856,809
642,923
Property Cash Flow and Developer Fees from Cash Flow
3,646,888
3,646,888
3,753,593
Sunset Bay - Gain on Sale Clipper Cove - Sale/Refinance
2,200,000 5,000,000 1,000,000
2,800,000 6,000,000 1,000,000
PNC Fund Gain or (Loss on Sale)-CT Hotel Covent Parking Lot Sales Proceeds
350,000
350,000
CHV Sales/Refinance Proceeds
-
-
5,000,000
Revenue
22,402,271
24,123,952
25,007,633
Expenses
Salaries and benefits
9,305,726 2,900,000 1,208,221 1,200,000
9,305,726 2,900,000 1,208,221 1,200,000
9,584,897 3,396,100 1,244,468 1,200,000
General and Administrative Expenses
Rent Expense
Resident Services
Interest Expense and Principles -PRI Loans
708,100
708,100
684,560
Total operating Expenses
15,322,047
15,322,047
16,110,025
Annual Net Cash Flow Produced/(Used) for Operating Purposes
7,080,224
8,801,905
8,897,608
Capital Repayment of Capital Advanced by NHPF
11,897,875 6,307,206
11,865,527 6,810,255
5,302,086 1,987,283
Capital Advanced for Acquisition and pre-development
Annual Net Cash Flow Produced/(Used) for Capital Purposes
5,590,669
5,055,272
3,314,803
Beginning Balance - Unrestricted Cash
8,851,653 7,080,224 5,590,669 21,522,546
8,851,653 8,801,905 5,055,272 22,708,830
22,708,830 8,897,608 3,314,803 34,921,240
Net Cash Flow from operation Net cash flow from capital
Ending Balance - Unrestricted Cash
$
$
$
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