THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
CONSOLIDATED STATEMENTS OF ACTIVITIES – CONTINUED
Year ended December 31, 2018
___________
Without donor restrictions
With donor restrictions
Total
Public support and operating revenue: Rent revenue
$
64,445,631 6,347,638 1,015,302
$
- -
$
64,445,631 6,347,638 1,034,422
Developer fee revenue Contributions and grants
19,120
560,603 388,834 912,088
- - - -
560,603 388,834 912,088
Management fees
Other income (losses) in housing funds
Interest revenue Other revenue
2,345,573
2,345,573
76,015,669
19,120
76,034,789
Total public support and operating revenue
26,692
(26,692)
-
Net assets released from restrictions
(7,572)
76,034,789
76,042,361
Total public support and operating revenue
Expenses: Program services: Rental operations (includes $12,898,911 in depreciation and amortization)
69,984,915 4,370,628
- - - -
69,984,915 4,370,628
Acquisition and development
977,713
977,713
Asset management Operation Pathways
1,198,043
1,198,043
Supporting services: Management and general (includes $136,665 in depreciation and amortization)
12,063,724
12,063,724
- -
562,063
562,063
Fundraising services
89,157,086
-
89,157,086
Total expenses
Excess of (expenses over revenue) revenue over expenses before other revenue (expense)
(7,572)
(13,122,297)
(13,114,725)
Other revenue (expense): Gain (loss) on sale of properties
486,205
-
486,205
486,205
-
486,205
Total other revenue (expense)
Excess of (expenses over revenue) revenue over expenses
(12,628,520)
(7,572)
(12,636,092)
Excess of expenses over revenue attributable to noncontrolling interests Excess of revenue over expenses (expenses over revenue) attributable to the Organization
9,558,861
-
9,558,861
$
(3,069,659)
$
(7,572)
$
(3,077,231)
See notes to consolidated financial statements
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