The NHP Foundation Operating Statement For The Year Ended December 31st 2020
REVENUE
Developers Fee Income Asset Management Fees
9,788,587 $
65,000
Cash Flow Distributions from Properties
3,552,421 918,390 361,823 5,677,479 389,371 (1,000,000)
Interest Income Other Income
Grants and Contributions Gain (Loss) on Sale
Other Inome(Loss) in housing funds (Estimate from 2019)
TOTAL REVENUE
19,753,071 $
EXPENSES
Salary
7,711,153 $
General and Administrative expenses
729,251 885,943 (16,482) 150,880 255,920 220,149 65,000 66,679
Consultants Legal Expense
Audit & Tax Preparation Fees
Marketing
Travel
Director's fees
Insurance Expense Rent Expense Resident Services
1,064,566 907,968 113,351 408,356 139,620 431,109 2,293,599
Interest Expense -PRI Loan Contribution Expense
Depreciation
Bad Debt Expense
To write down Investment in Housing
TOTAL EXPENSES
15,427,062 $
NET INCOME (LOSS)
4,326,008 $
-
Powered by FlippingBook