Heritage Housing Partners Corporation
- Assets
- $12.0m
- Revenue
- $964.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Columbia, MD
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 52-0880429
Organization Overview
Heritage Housing Partners Corporation is located in Columbia, MD. The organization was established in 2017. 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. As of 12/2021, Heritage Housing Partners Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Housing Partners Corporation 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, Heritage Housing Partners Corporation generated $964.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $850.6k during the year ending 12/2021. While expenses have increased by 0.7% 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
TO PROVIDE SAFE, HIGH QUALITY, AFFORDABLE RENTAL HOUSING TO LOW AND MODERATE-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGNIZATION OWNS A 16-UNIT RENTAL PROPERTY, OAKLAND PLACE, THAT PROVIDES AFFORDABLE HOUSING.
THE ORGANIZATION IS A NONPROFIT ORGANIZATION FORMED FOR THE PURPOSE OF ACQUIRING, REHABILITATING, OPERATING, MAINTAINING, AND MANAGING LOW- AND MODERATE-INCOME HOUSING PROJECTS. THE ORGANIZATION OWNS AND OR MANAGES OVER 250 UNITS IN HOWARD COUNTY AND BALTIMORE CITY. WITH THE MERGER OF HHP AND PRF, HHP NOW OWNS THE TWO PROPERTIES AND LAND ON N CHATHAM RD AND EQUITY SHARES IN NUMEROUS PROPERTIES IN THE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Morris Executive Director | Officer | 30 | $95,560 |
Edward Plitt III Board President | OfficerTrustee | 1 | $0 |
Shaun Eddy Vice President | OfficerTrustee | 1 | $0 |
Julia Mattis Treasurer | OfficerTrustee | 1 | $0 |
Heather Swan Secretary | OfficerTrustee | 1 | $0 |
Mary Calder Board Member | Trustee | 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 | $340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $340 |
| Total Program Service Revenue | $785,759 |
| Investment income | $151,720 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $964,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,957 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,931 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,522 |
| Payroll taxes | $19,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,232 |
| Fees for services: Accounting | $14,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,307 |
| Advertising and promotion | $806 |
| Office expenses | $38,731 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $359,018 |
| Travel | $9 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,167 |
| Insurance | $4,398 |
| All other expenses | $0 |
| Total functional expenses | $850,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,354 |
| Savings and temporary cash investments | $220,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $220,997 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,800,623 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,362 |
| Net Land, buildings, and equipment | $5,940,665 |
| Investments—publicly traded securities | $1,563,583 |
| Investments—other securities | $0 |
| Investments—program-related | $939,854 |
| Intangible assets | $0 |
| Other assets | $58,863 |
| Total assets | $11,997,487 |
| Accounts payable and accrued expenses | $45,515 |
| Grants payable | $0 |
| Deferred revenue | $2,497 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $41,768 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,917,061 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,006,841 |
| Net assets without donor restrictions | $7,990,646 |
| 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 | $11,997,487 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Housing Partners Corporation has recieved totaling $82,207.
| Awarding Organization | Amount |
|---|---|
Supported Living Inc Columbia, MD PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $82,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Partners Corporation Christiansburg, VA | $210,530,324 | $87,907,515 |
Enterprise Community Development Inc Columbia, MD | $150,433,261 | $43,987,858 |
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Renewal Housing Inc North Bethesda, MD | $14,557,789 | $3,551,240 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Washington Housing Conservancy Inc Washington, DC | $420,260,184 | $21,973,797 |
Ahc Inc Arlington, VA | $252,147,992 | $33,394,070 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |