2013 Q1 Form 10-K Financial Statement
#000104746913002865 Filed on March 15, 2013
Income Statement
| Concept | 2013 Q1 | 2011 Q4 |
|---|---|---|
| Revenue | $0.00 | |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $0.00 | |
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | ||
| YoY Change | ||
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $6.088K | |
| YoY Change | ||
| Pretax Income | ||
| YoY Change | ||
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$6.088K | |
| YoY Change | ||
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | ||
| COMMON SHARES | ||
| Basic Shares Outstanding | 259.4K shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2013 Q1 | 2011 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $2.247M | $202.0K |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | ||
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | ||
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | ||
| Total Long-Term Assets | ||
| Total Assets | $202.0K | |
| YoY Change | ||
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | ||
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | ||
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | ||
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | ||
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | ||
| Total Long-Term Liabilities | ||
| Total Liabilities | ||
| YoY Change | ||
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | $200.0K | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $200.0K | |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | ||
| YoY Change |
Cashflow Statement
| Concept | 2013 Q1 | 2011 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$6.088K | |
| YoY Change | ||
| Depreciation, Depletion And Amortization | $0.00 | |
| YoY Change | ||
| Cash From Operating Activities | ||
| YoY Change | ||
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | ||
| Cash From Investing Activities | ||
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $45.00K | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | ||
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | ||
| Cash From Investing Activities | ||
| Cash From Financing Activities | ||
| Net Change In Cash | ||
| YoY Change | ||
| FREE CASH FLOW | ||
| Cash From Operating Activities | ||
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012 | nshi |
Number Of Days Past Due For Suspension Of Income Recognition
NumberOfDaysPastDueForSuspensionOfIncomeRecognition
|
P90D | |
| CY2012Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
| CY2012Q3 | nshi |
Common Stock Shares Authorized Before Increase
CommonStockSharesAuthorizedBeforeIncrease
|
200000 | shares |
| CY2012Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
| CY2012Q4 | us-gaap |
Assets
Assets
|
202007 | USD |
| CY2012 | nshi |
Stock Issued During Period Shares Initial Purchase Price Per Share Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesInitialPurchasePricePerShareDividendReinvestmentPlan
|
9.50 | |
| CY2012 | nshi |
Period Of Non Offering Of Securities Publicly Used In Determining Completion Of Organization And Offering Stage
PeriodOfNonOfferingOfSecuritiesPubliclyUsedInDeterminingCompletionOfOrganizationAndOfferingStage
|
P18M | |
| CY2012 | nshi |
Notice Period Served By Board Of Directors To Amend Or Terminate Distribution Reinvestment Plan
NoticePeriodServedByBoardOfDirectorsToAmendOrTerminateDistributionReinvestmentPlan
|
P10D | |
| CY2012 | nshi |
Share Repurchase Program Holding Period Of Shares Required For Repurchase
ShareRepurchaseProgramHoldingPeriodOfSharesRequiredForRepurchase
|
P1Y | |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
202007 | USD |
| CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
202007 | USD |
| CY2011Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
222 | USD |
| CY2012Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
199785 | USD |
| CY2011Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
199785 | USD |
| CY2011Q4 | us-gaap |
Assets
Assets
|
202007 | USD |
| CY2012Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
222 | USD |
| CY2012Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
200007 | USD |
| CY2012Q4 | us-gaap |
Minority Interest
MinorityInterest
|
2000 | USD |
| CY2012Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
202007 | USD |
| CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
200007 | USD |
| CY2011Q4 | us-gaap |
Minority Interest
MinorityInterest
|
2000 | USD |
| CY2011Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
202007 | USD |
| CY2012Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2011Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2012Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
| CY2012Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2012Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2011Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2012Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000 | shares |
| CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
22223 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
22223 | shares |
| CY2012Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
22223 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
22223 | shares |
| CY2012 | dei |
Entity Registrant Name
EntityRegistrantName
|
NorthStar Healthcare Income, Inc. | |
| CY2012 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001503707 | |
| CY2012 | dei |
Document Type
DocumentType
|
10-K | |
| CY2012 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-12-31 | |
| CY2012 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2012 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2012 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2012 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
| CY2013Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
259446 | shares |
| CY2012Q4 | dei |
Entity Public Float
EntityPublicFloat
|
0 | USD |
| CY2012 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | |
| CY2012 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
| CY2010Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
202007 | USD |
| CY2012 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <p style="FONT-FAMILY: times"><font size="2"><b>1. Formation and Organization</b></font></p> <p style="FONT-FAMILY: times"><font size="2">        NorthStar Healthcare Income, Inc. (the "Company") was formed on October 5, 2010 as a Maryland corporation and intends to qualify as a real estate investment trust ("REIT") beginning with the taxable year ending December 31, 2013. The Company was organized primarily to originate, acquire and asset manage a diversified portfolio of commercial real estate debt and equity investments in healthcare real estate, with a focus on the mid-acuity senior housing sector, which the Company defines as assisted living, memory care, skilled nursing and independent living facilities, that have an emphasis on private pay patients. The Company is externally managed by NorthStar Healthcare Income Advisor, LLC (the "Advisor") and has no employees. As of December 31, 2012, the Company had not begun operations.</font></p> <p style="FONT-FAMILY: times"><font size="2">        Substantially all business will be conducted through NorthStar Healthcare Income Operating Partnership, LP, the operating partnership (the "OP"). The Company is the sole general partner of the OP. The initial limited partners of the OP are the Advisor and NorthStar Healthcare Income OP Holdings, LLC (the "Special Unit Holder"). The Advisor invested $1,000 in the OP in exchange for common units and the Special Unit Holder invested $1,000 in the OP and has been issued a separate class of limited partnership units (the "Special Units"), which are collectively recorded as non-controlling interests on the consolidated balance sheets as of December 31, 2012 and 2011. As the Company accepts subscriptions for shares, it will transfer substantially all of the net proceeds from its continuous, public offering to the OP as a capital contribution.</font></p> <p style="FONT-FAMILY: times"><font size="2">        The Company's charter authorizes the issuance of up to 400,000,000 shares of common stock with a par value of $0.01 per share and 50,000,000 shares of preferred stock with a par value of $0.01 per share. The board of directors of the Company is authorized to amend its charter, without the approval of the stockholders, to increase the aggregate number of authorized shares of capital stock or the number of shares of any class or series that the Company has authority to issue. On October 12, 2010, the Company sold 22,223 shares of common stock to NRFC Sub-REIT Corp., a wholly-owned subsidiary of NorthStar Realty Finance Corp. (the "Sponsor"), for an aggregate purchase price of $0.2 million.</font></p> <p style="FONT-FAMILY: times"><font size="2">        On November 24, 2010, the Company filed a registration statement on Form S-11 with the Securities and Exchange Commission (the "SEC") to offer a minimum of 200,000 shares and a maximum of 110,526,315 shares of common stock in a continuous, public offering, of which 100,000,000 shares can be offered pursuant to the primary offering (the "Primary Offering") and 10,526,315 shares can be offered pursuant to the distribution reinvestment plan (the "DRP"), and are herein collectively referred to as the Offering. The SEC declared the Company's registration statement effective on August 7, 2012 and the Company retained NorthStar Realty Securities, LLC (the "Dealer Manager"), a wholly-owned subsidiary of the Sponsor, to serve as the dealer manager of the Primary Offering. The Dealer Manager will be responsible for marketing the shares being offered pursuant to the Primary Offering. The Company intends to use substantially all of the net proceeds from the Offering to invest in a diverse portfolio of debt and equity investments in the healthcare real estate sector.</font></p> <p style="FONT-FAMILY: times"><font size="2">        As of December 31, 2012, the Company had not sold any shares in its Offering and neither the Company nor the OP had acquired or contracted to make any investments. Also as of December 31, 2012, the Advisor had not identified any investments in which there is a reasonable probability that the Company or the OP will invest.</font></p></div> | |
| CY2010Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
22223 | shares |
| CY2010Q4 | nshi |
Common Stock Shares Filed With Sec For Issuance Pursuant To Primary Offering
CommonStockSharesFiledWithSECForIssuancePursuantToPrimaryOffering
|
100000000 | shares |
| CY2010Q4 | nshi |
Common Stock Shares Filed With Sec For Issuance Pursuant To Distribution Reinvestment Plan
CommonStockSharesFiledWithSECForIssuancePursuantToDistributionReinvestmentPlan
|
10526315 | shares |
| CY2012 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="FONT-FAMILY: times"><font size="2"><i>Estimates</i></font></p> <p style="FONT-FAMILY: times"><font size="2">        The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that could affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates and assumptions.</font></p></div> | |
| CY2010Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
200000 | USD |
| CY2012 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
| CY2012 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No |
