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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
December 31, 2018
Current Assets $589,952 $1,275,118 $1,491,358 $2,344,131
Development Properties $8,871,501 $6,045,030 $15,647,855 $4,835,332
Fixed Assets $77,590 $145,875
Rental Properties $13,998,730 $24,897,161 $24,364,699 $35,605,373
Agency Assets $2,774,658 $1,650,108 $92,924
TOTAL ASSETS $26,312,431 $34,013,292 $43,881,766 $32,996,982
LIABILITIES
Conditional Loans 15,727,454
Mortgages Payable $7,084,424 $7,084,424 $13,535,828 $7,446,192
Agency Liabilities $4,663,367 $1,788,137 $1,396,555 $158,265
TOTAL LIABILITIES $23,367,997 $11,711,235 $16,865,422 $9,916,023
NET ASSETS
Temporarily Restricted Net Assets $16,865,422 $20,336,969
Unrestricted Net Assets $2,409,925 $6,679,375 $2,139,061
Unrestricted Net Assets, Non-controlling Interests $1,465,840
TOTAL NET ASSETS $2,944,434 $22,302,057 $27,016,344 $32,996,982
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 $428,782
Rental Income, Net $1,239,212 $1,478,267 $1,857,775 $2,430,011
Capital Contribution
Contributions 61,235 $239,607 $742,050
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 $4,332,848
ASSETS
Salary and Benefits $1,032,395
Program Costs $1,293,746 $3,095,489 $1,276,972 $3,577,104
Other Expenses $82,636 $3,814,711
General and Administrative $289,815 $283,941 $353,494
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