Montgomery Housing Partnership Inc
- Assets
- $3.0m
- Revenue
- $277.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- 09/1989
- Data as of
- 12/2021
- EIN
- 27-4584922
Organization Overview
Montgomery Housing Partnership Inc is located in Silver Spring, MD. The organization was established in 1989. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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 $277.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $323.7k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emmanuel Jean-Philippe Secretary | OfficerTrustee | 1 | $0 |
Jill Goodrich Assistant Secretary | OfficerTrustee | 1 | $0 |
Chad Cooley President | OfficerTrustee | 1 | $0 |
Eugene Costa Treasurer | OfficerTrustee | 1 | $0 |
William Harrison Assistant Treasurer | OfficerTrustee | 1 | $0 |
Robert Goldman Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $272,049 |
| Investment income | $27 |
| 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 | $277,384 |
| 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 | $4,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,169 |
| Payroll taxes | $2,540 |
| Fees for services: Management | $69,153 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,548 |
| Advertising and promotion | $684 |
| Office expenses | $19,627 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,401 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,676 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,280 |
| Insurance | $6,860 |
| All other expenses | $0 |
| Total functional expenses | $323,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,506 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,226 |
| 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 | $7,542 |
| Net Land, buildings, and equipment | $2,640,973 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,132 |
| Other assets | $154,992 |
| Total assets | $3,042,371 |
| Accounts payable and accrued expenses | $14,040 |
| Grants payable | $0 |
| Deferred revenue | $6,924 |
| 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 | $3,002,917 |
| Unsecured mortgages and notes payable | $102,483 |
| Other liabilities | $39,024 |
| Total liabilities | $3,165,388 |
| Net assets without donor restrictions | -$123,017 |
| 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 | $3,042,371 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allegheny Council To Improve Our Neighborhoods-Housing Incorporated Pittsburgh, PA | $58,739,057 | $67,049,805 |
Commission On Economic Opportunity Of Luzerne County Wilkesbarre, PA | $24,684,280 | $41,061,242 |
Community First Fund Lancaster, PA | $129,035,730 | $44,963,943 |
Housing Counseling Services Inc Washington, DC | $4,430,833 | $16,498,572 |
Beyond Owners Group Inc Willow Street, PA | $131,731,512 | $8,827,345 |
People Incorporated Housing Group Abingdon, VA | $23,796,045 | $13,192,041 |
Manna Inc Washington, DC | $18,457,194 | $8,787,591 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
Housing Assistance Council Washington, DC | $50,242,099 | $11,554,116 |
University Properties Inc East Stroudsburg, PA | $58,514,914 | $5,926,957 |
Echelon Housing Inc North Bethesda, MD | $23,861,150 | $4,416,757 |
Rebuilding Together Pittsburgh Pittsburgh, PA | $2,584,527 | $5,910,311 |