THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS
Year ended December 31, 2019 __________
With donor restrictions Controlling
Without donor restrictions
Net assets
Controlling
Noncontrolling
Total
Total
Beginning balance, January 1, 2018
$
55,535,912
$
22,424,428
$
77,960,340
$
58,696
$
78,019,036
Transfers in
346,630
-
346,630
-
346,630
Transfer of net assets
(1,189,333)
1,189,333
-
-
-
Capital contributions from noncontrolling interests, net of syndication costs
-
28,037,043
28,037,043
-
28,037,043
Excess of expenses over revenue attributable to noncontrolling interests
-
(9,558,861)
(9,558,861)
-
(9,558,861)
Excess of revenue over expenses (expenses over revenue) attributable to the Organization
(3,069,659)
-
(3,069,659)
(7,572)
(3,077,231)
Ending balance, December 31, 2018
51,623,550
42,091,943
93,715,493
51,124
93,766,617
Transfers in
(2,107,632)
-
(2,107,632)
-
(2,107,632)
Capital contributions from noncontrolling interests, net of syndication costs
-
52,338,727
52,338,727
-
52,338,727
Excess of expenses over revenue attributable to noncontrolling interests
-
(12,901,183)
(12,901,183)
-
(12,901,183)
Excess of revenue over expenses (expenses over revenue) attributable to the Organization
(202,495)
-
(202,495)
1,399
(201,096)
Ending balance, December 31, 2019
$
49,313,423
$
81,529,487
$
130,842,910
$
52,523
$
130,895,433
See notes to consolidated financial statements
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