Montgomery Housing Partnership Inc
- Assets
- $3.1m
- Revenue
- $278.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- 09/1989
- Data as of
- 12/2022
- 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 12/2022, Montgomery Housing Partnership Inc generated $278.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $374.2k during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 8 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Caldwell Secretary | OfficerTrustee | 1 | $0 |
Chad Cooley President | OfficerTrustee | 1 | $0 |
Eugene Costa Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Rudolph Assistant Treasurer | OfficerTrustee | 1 | $0 |
Jill Goodrich Outgoing Assistant Secretary | 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 | $274,689 |
| Investment income | $98 |
| 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 | $278,464 |
| 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 | $4,135 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,936 |
| Payroll taxes | $2,534 |
| Fees for services: Management | $80,655 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,620 |
| Advertising and promotion | $682 |
| Office expenses | $17,502 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,952 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,718 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,290 |
| Insurance | $8,336 |
| All other expenses | $1,471 |
| Total functional expenses | $374,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,311 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,594 |
| 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 | $8,254 |
| Net Land, buildings, and equipment | $2,592,661 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,815 |
| Other assets | $331,513 |
| Total assets | $3,115,148 |
| Accounts payable and accrued expenses | $1,288 |
| Grants payable | $0 |
| Deferred revenue | $2,399 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,608 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,186,856 |
| Unsecured mortgages and notes payable | $102,483 |
| Other liabilities | $24,301 |
| Total liabilities | $3,333,935 |
| Net assets without donor restrictions | -$218,787 |
| 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 | $3,115,148 |