THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
December 31, 2019 and 2018
__________
Assets
2019
2018
Assets: Cash and cash equivalents Investments - restricted Investments - unrestricted
$
28,966,616
$
37,293,851
- -
148,886 77,608
Restricted cash
20,736,654 1,581,433
1,662,526 2,191,548
Notes receivable and accrued interest
Management fee receivable
132,875
-
Grants receivable
2,538
9,120
Investment in housing funds
289,755
2,376,774
Land, buildings, improvements and equipment, net
668,885,729 65,716,709 5,453,460 1,094,215 1,752,724 7,840,291 2,612,200 14,277,561
494,118,247 53,199,632
Funded reserves
Prepaid expenses and other assets
4,046,153
Working capital advances Tenants’ security deposits Deferred development costs Deferred other assets, net
643,776
1,514,694 4,949,521 1,541,886 9,746,372
Due from affiliates
Total assets
$
819,342,760
$
613,520,594
Liabilities and Net Assets
Liabilities: Accounts payable and accrued expenses
$
7,382,877 14,640,327 1,806,440 550,598,966
$
10,574,644 6,223,232 1,615,399 386,094,549
Other liabilities
Tenants’ security deposits
Mortgage notes payable and accrued interest, net Notes and construction loans payable and accrued interest, net
99,907,530
101,277,848
Asset management fees payable Accounts payable - affiliates
152,957
10,624
13,958,230
13,957,681
Total liabilities
688,447,327
519,753,977
Net assets: Without donor restrictions - controlling Without donor restrictions - noncontrolling
49,313,423 81,529,487
51,623,550 42,091,943
Total net assets without donor restrictions
130,842,910
93,715,493
Net assets with donor restrictions
52,523
51,124
Total net assets
130,895,433
93,766,617
Total liabilities and net assets
$
819,342,760
$
613,520,594
See notes to consolidated financial statements
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