Montgomery Housing Partnership Inc
- Assets
- $12.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- 09/1989
- Data as of
- 12/2021
- EIN
- 14-1855665
Organization Overview
Montgomery Housing Partnership Inc is located in Silver Spring, MD. The organization was established in 1989. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Montgomery Housing Partnership Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Montgomery Housing Partnership Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES LOCATED IN MONTGOMERY COUNTY, MARYLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 105 UNITS OF AFFORDABLE HOUSING TO LOW-INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Artie Harris Vice President Of Real Estate | OfficerTrustee | 1 | $0 |
William Harrison Assistant Treasurer | OfficerTrustee | 1 | $0 |
Emmanuel Jean-Philippe President | OfficerTrustee | 1 | $0 |
Eugene Costa Treasurer | OfficerTrustee | 1 | $0 |
Jeanne Segal Secretary | OfficerTrustee | 1 | $0 |
Jill Goodrich Assistant Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,718 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,718 |
| Total Program Service Revenue | $1,789,596 |
| Investment income | $573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,823,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,052 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,619 |
| Payroll taxes | $15,894 |
| Fees for services: Management | $58,354 |
| Fees for services: Legal | $2,225 |
| Fees for services: Accounting | $12,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $249,134 |
| Advertising and promotion | $10,097 |
| Office expenses | $13,532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $165,781 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $345,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $290,691 |
| Insurance | $37,365 |
| All other expenses | $6,658 |
| Total functional expenses | $1,557,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,923,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,997 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,678 |
| Net Land, buildings, and equipment | $7,754,508 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $615,946 |
| Total assets | $12,389,689 |
| Accounts payable and accrued expenses | $36,212 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,332,113 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $155,360 |
| Total liabilities | $11,523,685 |
| Net assets without donor restrictions | $866,004 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,389,689 |
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Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
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Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
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Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
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Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
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