2014 Q1 Form 10-K Financial Statement
#000150370714000025 Filed on March 07, 2014
Income Statement
Concept | 2014 Q1 | 2013 | 2012 Q4 |
---|---|---|---|
Revenue | $4.447M | $901.0K | |
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 | $699.0K | $132.0K | |
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | |||
YoY Change | |||
Operating Profit | |||
YoY Change | |||
Interest Expense | $611.0K | $98.00K | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $3.846M | $2.112M | |
YoY Change | 63081.64% | ||
Pretax Income | -$3.438M | -$2.570M | |
YoY Change | |||
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$3.438M | -$2.570M | |
YoY Change | 56371.75% | ||
Net Earnings / Revenue | -77.31% | -285.24% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | |||
COMMON SHARES | |||
Basic Shares Outstanding | 17.45M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2014 Q1 | 2013 | 2012 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $75.54M | $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 | $246.3M | $202.0K | |
YoY Change | 0.0% | ||
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 | $67.36M | ||
YoY Change | |||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$9.844M | ||
YoY Change | |||
Common Stock | $187.7M | $200.0K | |
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $177.8M | $200.0K | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $246.3M | $202.0K | |
YoY Change |
Cashflow Statement
Concept | 2014 Q1 | 2013 | 2012 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.438M | -$2.570M | |
YoY Change | 56371.75% | ||
Depreciation, Depletion And Amortization | $699.0K | $132.0K | |
YoY Change | |||
Cash From Operating Activities | |||
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$1.046M | $1.104M | |
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | -$89.59M | -$94.05M | |
YoY Change | -199177.78% | ||
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 |
---|---|---|---|---|
CY2013Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
303583 | USD |
CY2012Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
USD | |
CY2012Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
USD | |
CY2013Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
947094 | USD |
CY2013Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
97055758 | USD |
CY2012Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
199785 | USD |
CY2012Q4 | us-gaap |
Advance Payments By Borrowers For Taxes And Insurance
AdvancePaymentsByBorrowersForTaxesAndInsurance
|
USD | |
CY2013Q4 | us-gaap |
Advance Payments By Borrowers For Taxes And Insurance
AdvancePaymentsByBorrowersForTaxesAndInsurance
|
1794905 | USD |
CY2013 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
32367 | USD |
CY2013 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
31348 | USD |
CY2013 | us-gaap |
Asset Management Costs
AssetManagementCosts
|
1334304 | USD |
CY2012Q4 | us-gaap |
Assets
Assets
|
202007 | USD |
CY2013Q4 | us-gaap |
Assets
Assets
|
115839130 | USD |
CY2012Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
222 | USD |
CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
109852 | USD |
CY2012Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
CY2013Q4 | us-gaap |
Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue
|
200778 | USD |
CY2013 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
1570356 | USD |
CY2013 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
56386607.000 | USD |
CY2014Q1 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
99428225 | USD |
CY2013Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
56386607 | USD |
CY2013Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
|
49785000 | USD |
CY2013Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Financial Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialLiabilities
|
18313425 | USD |
CY2013Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
|
4315000 | USD |
CY2013Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
|
19586324 | USD |
CY2013Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
|
1272899 | USD |
CY2013Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
|
2286607 | USD |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
202007 | USD |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
45537255 | USD |
CY2013 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
45335248 | USD |
CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2012Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10985230 | shares |
CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
22223 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
10985230 | shares |
CY2013 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-2560264 | USD |
CY2012Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
22223 | shares |
CY2013 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-9640 | USD |
CY2013 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-2569904 | USD |
CY2013 | us-gaap |
Cost Of Real Estate Revenue
CostOfRealEstateRevenue
|
23821 | USD |
CY2013 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
3470071 | USD |
CY2013 | us-gaap |
Costs Of Real Estate Services And Land Sales
CostsOfRealEstateServicesAndLandSales
|
23821 | USD |
CY2013Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
18282328 | USD |
CY2012Q4 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
0 | USD |
CY2013Q4 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
1127845 | USD |
CY2013 | us-gaap |
Depreciation
Depreciation
|
100000 | USD |
CY2013 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
131989 | USD |
CY2013 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
1311886 | USD |
CY2013Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
46658 | USD |
CY2013Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
140569 | USD |
CY2013Q4 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
1124659 | USD |
CY2013Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
91389 | USD |
CY2013Q4 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
534597 | USD |
CY2013Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
44939 | USD |
CY2013 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
670925 | USD |
CY2013 | us-gaap |
Dividends Common Stock Stock
DividendsCommonStockStock
|
640961 | USD |
CY2013Q2 | us-gaap |
Dividends Common Stock Stock
DividendsCommonStockStock
|
1719 | USD |
CY2013Q4 | us-gaap |
Dividends Common Stock Stock
DividendsCommonStockStock
|
590062 | USD |
CY2013Q3 | us-gaap |
Dividends Common Stock Stock
DividendsCommonStockStock
|
49180 | USD |
CY2013Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
557288 | USD |
CY2012Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
USD | |
CY2012Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
0 | USD |
CY2013Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
1141379 | USD |
CY2013 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.26 | |
CY2013Q4 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
1765000 | USD |
CY2013 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
311691 | USD |
CY2013 | us-gaap |
Health Care Organization Resident Service Revenue
HealthCareOrganizationResidentServiceRevenue
|
37665 | USD |
CY2013 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
303583 | USD |
CY2013 | us-gaap |
Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
|
729096 | USD |
CY2013 | us-gaap |
Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
|
46149 | USD |
CY2013 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
784786 | USD |
CY2013 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
67198 | USD |
CY2013 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
263750 | USD |
CY2013 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
64250 | USD |
CY2013 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
427911 | USD |
CY2013 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
180315 | USD |
CY2013 | us-gaap |
Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
53101 | USD |
CY2013 | us-gaap |
Interest Expense
InterestExpense
|
97910 | USD |
CY2013 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
374556 | USD |
CY2013 | us-gaap |
Interest Paid
InterestPaid
|
24404 | USD |
CY2013Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
48020000 | USD |
CY2013Q4 | us-gaap |
Land
Land
|
4315000 | USD |
CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
22343233 | USD |
CY2012Q4 | us-gaap |
Liabilities
Liabilities
|
USD | |
CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
202007 | USD |
CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
115839130 | USD |
CY2013Q4 | us-gaap |
Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
|
100000000 | USD |
CY2013Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
18282328 | USD |
CY2013Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
190989 | USD |
CY2013Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
16976650 | USD |
CY2013Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
477506 | USD |
CY2013Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
438413 | USD |
CY2013Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
198770 | USD |
CY2012Q4 | us-gaap |
Minority Interest
MinorityInterest
|
2000 | USD |
CY2013Q4 | us-gaap |
Minority Interest
MinorityInterest
|
202437 | USD |
CY2013Q4 | us-gaap |
Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
|
0.998 | |
CY2013Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
11250000 | USD |
CY2012Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
0 | USD |
CY2012Q4 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
USD | |
CY2013Q4 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
11250000 | USD |
CY2013 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Business and Organization</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NorthStar Healthcare Income, Inc. (the “Company”) was formed in October 2010 as a Maryland corporation. The Company was formed 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 may have an emphasis on private pay patients. In addition, the Company may acquire healthcare-related securities. The Company intends to qualify as a real estate investment trust (“REIT”) beginning with the taxable year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2013</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is externally managed by NorthStar Healthcare Income Advisor, LLC (the “Advisor”) and has </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">no</font><font style="font-family:inherit;font-size:10pt;"> employees. The Advisor uses the investment professionals of NorthStar Realty Finance Corp. (the “Sponsor”) to manage the business. The Advisor is currently a subsidiary of the Sponsor. The Sponsor is a diversified commercial real estate investment and asset management company publicly traded on the New York Stock Exchange (the “NYSE”) and was formed in October 2003.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 10, 2013, the Sponsor announced that its board of directors unanimously approved a plan to spin-off its asset management business into an independent publicly-traded company, NorthStar Asset Management Group Inc., (“NSAM”), in the form of a tax-free distribution.  On February 5, 2014, NSAM filed a registration statement on Form 10 with the Securities and Exchange Commission (the “SEC”) to register shares of NSAM’s common stock.  The spin-off is expected to be completed in the second quarter of 2014 and the Sponsor expects shares of NSAM common stock to be listed on the NYSE. Following the completion of the spin-off of NSAM, the Advisor will be a subsidiary of NSAM. The Company expects this transaction to have no impact on its operations.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Substantially all business is conducted through NorthStar Healthcare Income Operating Partnership, LP (the “Operating Partnership”). The Company is the sole general partner of the Operating Partnership. The initial limited partners of the Operating Partnership are the Advisor and NorthStar Healthcare Income OP Holdings, LLC (the “Special Unit Holder”). The Advisor invested </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1,000</font><font style="font-family:inherit;font-size:10pt;"> in the Operating Partnership in exchange for common units and the Special Unit Holder invested </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1,000</font><font style="font-family:inherit;font-size:10pt;"> in the Operating Partnership 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 </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2013</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2012</font><font style="font-family:inherit;font-size:10pt;">. As the Company accepts subscriptions for shares, it contributes substantially all of the net proceeds from its continuous, public offering to the Operating Partnership as a capital contribution. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2013</font><font style="font-family:inherit;font-size:10pt;">, the Company’s limited partnership interest in the Operating Partnership was </font><font style="font-family:inherit;font-size:10pt;">99.8%</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company’s charter authorizes the issuance of up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">400,000,000</font><font style="font-family:inherit;font-size:10pt;"> shares of common stock with a par value of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.01</font><font style="font-family:inherit;font-size:10pt;"> per share and up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50,000,000</font><font style="font-family:inherit;font-size:10pt;"> shares of preferred stock with a par value of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.01</font><font style="font-family:inherit;font-size:10pt;"> 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.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October 12, 2010, as part of formation, the Company issued </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">22,223</font><font style="font-family:inherit;font-size:10pt;"> shares of common stock to the Sponsor for </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;"> (the “Initial Shares”). On August 7, 2012, the Company’s registration statement on Form S-11 with the SEC to offer a maximum of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">110,526,315</font><font style="font-family:inherit;font-size:10pt;"> shares of common stock, excluding the Initial Shares, in a continuous, public offering, of which up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100,000,000</font><font style="font-family:inherit;font-size:10pt;"> shares are being offered pursuant to the primary offering (the “Primary Offering”) and up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10,526,315</font><font style="font-family:inherit;font-size:10pt;"> shares are being offered pursuant to the distribution reinvestment plan (the “DRP”) and are herein collectively referred to as the Offering, was declared effective. At that time, the Company retained NorthStar Realty Securities, LLC (the “Dealer Manager”), a subsidiary of the Sponsor, to serve as the dealer manager for the Primary Offering. The Dealer Manager is responsible for marketing the shares being offered pursuant to the Primary Offering. The board of directors of the Company has the right to reallocate shares between the Primary Offering and the DRP.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 11, 2013, the Company commenced operations by satisfying the minimum offering requirement in its Primary Offering as a result of the Sponsor purchasing an additional </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">222,223</font><font style="font-family:inherit;font-size:10pt;"> shares of common stock for </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.0 million</font><font style="font-family:inherit;font-size:10pt;">. From inception through </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 4, 2014</font><font style="font-family:inherit;font-size:10pt;">, the Company raised total gross proceeds of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$173.5 million</font><font style="font-family:inherit;font-size:10pt;">, excluding the proceeds from the Initial Shares.</font></div></div> | |
CY2013 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
104746608 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-59068135 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-343225 | USD |
CY2013 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-9640 | USD |
CY2013 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2560264 | USD |
CY2013 | us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
7813425 | USD |
CY2013 | us-gaap |
Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
|
210077 | USD |
CY2012Q4 | us-gaap |
Notes Payable
NotesPayable
|
0 | USD |
CY2013Q4 | us-gaap |
Notes Payable
NotesPayable
|
18282328 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
|
48603015 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
|
3697735 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
|
5787965 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
|
5575284 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
|
5349311 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
|
4794559 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
|
23398161 | USD |
CY2013 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
487946 | USD |
CY2013Q4 | us-gaap |
Other Assets
OtherAssets
|
1124698 | USD |
CY2012Q4 | us-gaap |
Other Assets
OtherAssets
|
0 | USD |
CY2013 | us-gaap |
Other Expenses
OtherExpenses
|
2111946 | USD |
CY2012Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
0 | USD |
CY2013Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
263750 | USD |
CY2013 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
1057500 | USD |
CY2013 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
754598 | USD |
CY2013 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1113860 | USD |
CY2012Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2013 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
46286575 | USD |
CY2013Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2012Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2013Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2013 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
94052300 | USD |
CY2013 | us-gaap |
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
|
337200 | USD |
CY2013 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
210077 | USD |
CY2013 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
10500000 | USD |
CY2013 | us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
-524000 | USD |
CY2013 | us-gaap |
Profit Loss
ProfitLoss
|
-2569904 | USD |
CY2012Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
0 | USD |
CY2013Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
131173 | USD |
CY2013Q4 | us-gaap |
Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
|
18282328 | USD |
CY2013Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
|
49785000 | USD |
CY2013Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
|
4315000 | USD |
CY2013Q4 | us-gaap |
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
|
0 | USD |
CY2013Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
|
49785000 | USD |
CY2013Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
|
4315000 | USD |
CY2013Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
54100000 | USD |
CY2013Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
131173 | USD |
CY2013Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
54100000 | USD |
CY2013Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
53968827 | USD |
CY2012Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
USD | |
CY2013 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
487946 | USD |
CY2013 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
31097 | USD |
CY2013Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
1883411 | USD |
CY2012Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
USD | |
CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
USD | |
CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-3872150 | USD |
CY2013 | us-gaap |
Revenues
Revenues
|
900167 | USD |
CY2013Q4 | us-gaap |
Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
|
53968827 | USD |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
200007 | USD |
CY2013 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
96596036 | USD |
CY2013 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
32367 | USD |
CY2013 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
337200 | USD |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
93293460 | USD |
CY2012Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
202007 | USD |
CY2013Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
93495897 | USD |
CY2011Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
202007 | USD |
CY2010Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
202007 | USD |
CY2013 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Estimates </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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></div></div> | |
CY2013 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
2026378 | shares |
CY2013Q4 | nshi |
Accrued Cost Of Capital
AccruedCostOfCapital
|
447675 | USD |
CY2013Q4 | nshi |
Acquisition Feeand Expense Cap
AcquisitionFeeandExpenseCap
|
0.06 | |
CY2013 | nshi |
Annual Distribution Rate
AnnualDistributionRate
|
0.0675 | |
CY2013Q4 | nshi |
Business Combination Recognized Identifiable Assets Acquired Equityand Liabilities Assumed
BusinessCombinationRecognizedIdentifiableAssetsAcquiredEquityandLiabilitiesAssumed
|
56386607 | USD |
CY2013Q4 | nshi |
Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Equity
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedEquity
|
36800283 | USD |
CY2013Q4 | nshi |
Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Equity Controlling Interest
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedEquityControllingInterest
|
36599505 | USD |
CY2013 | nshi |
Common Stock Dividend Declared Based On Daily Amount Per Share
CommonStockDividendDeclaredBasedOnDailyAmountPerShare
|
0.00184932 | |
CY2013 | nshi |
Common Stock Percentage Of Distributions Paid As Ordinary Income
CommonStockPercentageOfDistributionsPaidAsOrdinaryIncome
|
0.222 | |
CY2013 | nshi |
Common Stock Percentage Of Distributions Paid As Return Of Capital
CommonStockPercentageOfDistributionsPaidAsReturnOfCapital
|
0.778 | |
CY2013Q4 | nshi |
Gross Subscriptions Receivable
GrossSubscriptionsReceivable
|
920825 | USD |
CY2013Q4 | nshi |
Impaired Real Estate Debt Investments
ImpairedRealEstateDebtInvestments
|
0 | USD |
CY2013 | nshi |
Increase Decreasein Escrow Payable
IncreaseDecreaseinEscrowPayable
|
1043720 | USD |
CY2013Q4 | nshi |
Lineof Credit Facility Durationof Extension Option
LineofCreditFacilityDurationofExtensionOption
|
P1Y | |
CY2013 | nshi |
Mortgage Loans On Real Estate Acquisition Cost Fees On New Mortgage Loans
MortgageLoansOnRealEstateAcquisitionCostFeesOnNewMortgageLoans
|
112500 | USD |
CY2013 | nshi |
Mortgage Loans On Real Estate Origination Fees Received On New Mortgage Loans
MortgageLoansOnRealEstateOriginationFeesReceivedOnNewMortgageLoans
|
112500 | USD |
CY2013 | nshi |
Mortgage Loanson Real Estate New Mortgage Loansand Additional Fundingon Existing Loans
MortgageLoansonRealEstateNewMortgageLoansandAdditionalFundingonExistingLoans
|
11250000 | USD |
CY2013 | nshi |
Number Of Days Past Due For Suspension Of Income Recognition
NumberOfDaysPastDueForSuspensionOfIncomeRecognition
|
P90D | |
CY2013 | nshi |
Numberof Days Past Contractual Debt Service Payments Loan Categorizedasa Weaker Credit Quality Debt Investment
NumberofDaysPastContractualDebtServicePaymentsLoanCategorizedasaWeakerCreditQualityDebtInvestment
|
P90D | |
CY2013 | nshi |
Share Repurchase Program Holding Period Of Shares Required For Repurchase
ShareRepurchaseProgramHoldingPeriodOfSharesRequiredForRepurchase
|
P1Y | |
CY2013 | nshi |
Sharebased Compensation Arrangementby Sharebased Payment Award Maximum Percentof Shares Grantedto Shares Outstanding
SharebasedCompensationArrangementbySharebasedPaymentAwardMaximumPercentofSharesGrantedtoSharesOutstanding
|
0.05 | |
CY2013 | nshi |
Payments For Acquisition Of Real Estate Debt Investments
PaymentsForAcquisitionOfRealEstateDebtInvestments
|
11250000 | USD |
CY2013 | nshi |
Proceeds From Issuance Of Common Stock Related Party
ProceedsFromIssuanceOfCommonStockRelatedParty
|
2070586 | USD |
CY2013 | nshi |
Sharebased Compensation Arrangementby Sharebased Payment Award Minimum Numberof Performance Goals Considered Underthe Plan
SharebasedCompensationArrangementbySharebasedPaymentAwardMinimumNumberofPerformanceGoalsConsideredUnderthePlan
|
1 | performance_goal |
CY2013 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2013 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2013 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2013 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2013 | |
CY2013 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2013-12-31 | |
CY2013 | dei |
Document Type
DocumentType
|
10-K | |
CY2013 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001503707 | |
CY2014Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
17449353 | shares |
CY2013 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2013 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
CY2013Q4 | dei |
Entity Number Of Employees
EntityNumberOfEmployees
|
0 | employee |
CY2013Q2 | dei |
Entity Public Float
EntityPublicFloat
|
0 | USD |
CY2013 | dei |
Entity Registrant Name
EntityRegistrantName
|
NorthStar Healthcare Income, Inc. | |
CY2013 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2013 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No |