Housing Initiative Partnership Inc

Organization Overview

Housing Initiative Partnership Inc is located in Hyattsville, MD. The organization was established in 1989. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Housing Initiative Partnership Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Initiative 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 06/2022, Housing Initiative Partnership Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 7.1% 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.

Since 2017, Housing Initiative Partnership Inc has awarded 20 individual grants totaling $804,090. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE OHOUSING INITIATIVE PARTNERSHIP, INC.(HIP) IS AN INNOVATIVE, GREEN NONPROFIT HOUSING DEVELOPER AND COUNSELING AGENCY BASED IN PRINCE GEORGE'S COUNTY, MARYLAND DEDICATED TO REVITALIZING NEIGHBORHOODS. HIP CREATES HOUSING AND ECONOMIC SECURITY FOR LOW AND MODERATE INCOME HOUSEHOLDS AND PROVIDES SERVICES THAT IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUSING COUNSELING - SEE SCHEDULE O


SINGLE-FAMILY DEVELOPMENT - SEE SCHEDULE O


RESIDENT SERVICES - SEE SCHEDULE O


OTHER PROGRAM SERVICES - SEE SCHEDULE O


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Greater Heights Remodeler Inc
Construction
$446,665
Warren Builds
Construction
$148,580
Omf Contractors
Construction
$165,335
Jd Clark Professional Services Llc
Construction
$138,572
Landsdowne Development Corp
Construction
$247,371
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$9,536
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,477,138
All other contributions, gifts, grants, and similar amounts not included above$523,475
Noncash contributions included in lines 1a–1f $75
Total Revenue from Contributions, Gifts, Grants & Similar$4,010,149
Total Program Service Revenue-$22,907
Investment income $14,132
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$252,405
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,837,345

Grants Awarded

Over the last fiscal year, Housing Initiative Partnership Inc has awarded $141,750 in support to 2 organizations.

Grant RecipientAmount

UPPER MONTGOMERY ASSISTANCE NETWORK

Org PageRecipient Profile

Gaithersburg, MD

PURPOSE: SUBRECIPIENTS TO HIP FOR CITY OF GAITHERSBURG FINANCIAL EMPOWERMENT GRANT.

$110,000

FAMILY SERVICES INC

Org PageRecipient Profile

Gaithersburg, MD

PURPOSE: SUBRECIPIENTS TO HIP FOR CITY OF GAITHERSBURG FINANCIAL EMPOWERMENT GRANT.

$31,750
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Housing Initiative Partnership Inc has recieved totaling $300,401.

Awarding OrganizationAmount
Kaiser Foundation Health Plan Of The Mid Atlantic States Inc

Oakland, CA

PURPOSE: Purple Line Corridor Renter Education & Counseling

$60,000
Greater Washington Community Foundation

Washington, DC

PURPOSE: GENERAL SUPPORT

$50,000
Eugene & Agnes E Meyer Foundation

Washington, DC

PURPOSE: TO SUPPORT GENERAL OPERATIONS

$50,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$50,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$33,000
Enterprise Community Partners Inc

Columbia, MD

PURPOSE: CAPACITY BUILDING

$27,363
View Grant Recipient Profile

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