THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
CONSOLIDATED STATEMENTS OF ACTIVITIES
Year ended December 31, 2019
___________
Without donor restrictions
With donor restrictions
Total
Public support and operating revenue: Rent revenue
$
72,610,616 3,723,910 2,140,866
$
- -
$
72,610,616 3,723,910 2,152,366
Developer fee revenue Contributions and grants
11,500
Management fees
452,137 129,633
- - - -
452,137 129,633
Other income (losses) in housing funds
Interest revenue Other revenue
1,178,568 4,945,283
1,178,568 4,945,283
Total public support and operating revenue
85,181,013
11,500
85,192,513
Net assets released from restrictions
10,101
(10,101)
-
Total public support and operating revenue
85,191,114
1,399
85,192,513
Expenses: Program services: Rental operations (includes $16,451,096 in depreciation and amortization)
76,432,354 5,038,096 1,935,356
- - - - -
76,432,354 5,038,096 1,935,356
Acquisition and development
Asset management
External affairs
299,603
299,603
Operation Pathways
1,218,133
1,218,133
Supporting services: Management and general (includes $139,695 in depreciation and amortization)
12,604,142
- -
12,604,142
Fundraising services
777,421
777,421
Total expenses
98,305,105
-
98,305,105
Excess of revenue over expenses (expenses over revenue) before other revenue (expense)
(13,113,991)
1,399
(13,112,592)
Other revenue (expense): Gain (loss) on sale of properties
10,313
-
10,313
Total other revenue (expense)
10,313
-
10,313
Excess of revenue over expenses (expenses over revenue)
(13,103,678)
1,399
(13,102,279)
Excess of expenses over revenue attributable to noncontrolling interests
12,901,183
-
12,901,183
Excess of revenue over expenses (expenses over revenue) attributable to the Organization
$
(202,495)
$
1,399
$
(201,096)
See notes to consolidated financial statements
- 6 -
Powered by FlippingBook