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HOPE HOSPICE AND COMMUNITY SERVICES, INC. AND SUBSIDIARY CONSOLIDATING STATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS YEAR ENDED SEPTEMBER 30, 2018

Visiting Nurses Association of Southwest Florida, Inc.

Hope Hospice and Community Services, Inc.

Eliminating

Consolidated

Entries

Total

CHANGES IN UNRESTRICTED NET ASSETS Revenues: Net Patient Revenue

103,503,600 $

102,267,700 $

$

1,235,900

$

- - -

9,774,600 1,195,600 114,473,800

9,768,000 1,194,500 113,230,200

6,600 1,100

Contributions

Investment Earnings

1,243,600

-

Total Revenues

Expenses: Employee Salaries, Payroll Taxes, and Benefits

64,877,600 37,922,700 9,672,800 1,124,200 2,615,600 1,719,000 117,931,900

63,277,000 37,817,300 9,462,500 1,124,200 2,615,600 1,715,400 116,012,000

1,600,600 105,400 210,300

- - - - - -

Medical Supplies and Expenses Office Supplies and Expenses

- -

Lease Expense Depreciation

3,600

Other

1,919,900

-

Total Expenses

Operating Loss

(2,781,800)

(676,300)

-

(3,458,100)

Other Income (Expense): Unrealized Gain on Investments Gain on Sale of Real Estate Impairment Loss on Real Estate

852,800 91,900

- - - - -

- - - - -

852,800 91,900

(3,314,700) (393,700) (2,763,700)

(3,314,700) (393,700) (2,763,700)

Interest Expense, Net of Amounts Capitalized

Total Other Expense

DECREASE IN NET ASSETS

(5,545,500)

(676,300)

-

(6,221,800)

Net Assets - Beginning of Year

77,796,100

(1,125,300)

-

76,670,800

NET ASSETS - END OF YEAR

$

72,250,600

$

(1,801,600)

$

-

$

70,449,000

(21)

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