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BNT provides development and other services that help neighborhoods, and the Park City, succeed.

Financial Highlights

 

 

Statement of Financial Position (Fiscal Year-End December 31)
December 31, 2015
December 31, 2016
December 31, 2017
Current Assets $589,952 $1,275,118 $1,491,358
Development Properties $8,871,501 $6,045,030 $15,647,855
Fixed Assets $77,590 $145,875
Rental Properties $13,998,730 $24,897,161 $24,364,699
Agency Assets $2,774,658 $1,650,108
TOTAL ASSETS $26,312,431 $34,013,292 $43,881,766
LIABILITIES
Conditional Loans 15,727,454
Mortgages Payable $7,084,424 $7,084,424 $13,535,828
Agency Liabilities $4,663,367 $1,788,137 $1,396,555
TOTAL LIABILITIES $23,367,997 $11,711,235 $16,865,422
NET ASSETS
Temporarily Restricted Net Assets $16,865,422 $20,336,969
Unrestricted Net Assets $2,409,925 $6,679,375
Unrestricted Net Assets, Non-controlling Interests $1,465,840
TOTAL NET ASSETS $2,944,434 $22,302,057 $27,016,344
Statement of Revenues and Expenses
Revenues and Public Support
Government and Private Grants $600,988 $2,977,784
Fee Revenues $544,257 $600,338 $832,631
Rental Income, Net $1,239,212 $1,478,267 $1,857,775
Capital Contribution
Contributions 61,235 $239,607
Interest Income
Special Events $65,071
Donations $32,000
Other Income $43,377
Total Revenue/Income $2,445,692 $5,196,837 $4,435,408
ASSETS
Salary and Benefits $1,032,395
Program Costs $1,293,746 $3,095,489 $1,276,972
Other Expenses $82,636
General and Administrative $289,815 $283,941
Fundraising Expenses $70,369
Total Expenses $2,408,777 $3,455,673 $3,089,163
Change in Net Assets $305,770 $1,741,164
Net Assets, Beginning of Year $3,250,204 $2,134,601
Net Assets, End of Year
$2,944,434
$3,875,765
$1,192,286