Housing Opportunities Community Partners Inc
- Assets
- $621.8k
- Revenue
- $333.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Kensington, MD
- Founding
- 08/1999
- Data as of
- 06/2023
- EIN
- 52-2149054
Organization Overview
Housing Opportunities Community Partners Inc, operating under the name Community Partners, is located in Kensington, MD. The organization was established in 1999. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Partners 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 06/2023, Community Partners generated $333.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $235.6k during the year ending 06/2023. While expenses have increased by 3.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HELP LOW-INCOME FAMILIES IN MONTGOMERY COUNTY'S SUBSIDIZED HOUSING IMPROVE THEIR QUALITY OF LIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST THE HOUSING OPPORTUNITIES COMMISSION OF MONTGOMERY COUNTY (THE COMMISSION) IN ENCOURAGING SELF-SUFFICIENCY OF ITS RESIDENTS, IMPLEMENTING PROGRAMS AND PLANS TO ASSIST IN THE ACHIEVEMENT OF THIS GOAL, PROVIDING SERVICES, VOLUNTEER ASSISTANCE, COORDINATION, MANAGEMENT AND ADMINISTRATION AS REQUESTED BY THE COMMISSION IN THESE AREAS. FOSTER AND RECEIVE DONATIONS OF EQUIPMENT, MATERIALS, SUPPLIES AND OTHER GOODS FOR THE BENEFIT OF RESIDENTS OF THE HOUSING OPPORTUNITIES COMMISSION TO ASSIST IN BREAKING THE CYCLE OF POVERTY FOR ECONOMICALLY DISADVANTAGED OR OTHER NEEDY PEOPLE. EACH YEAR, OUR ADULT EDUCATION AND WORKFORCE DEVELOPMENT PROGRAM (AEWD) PROVIDES CAREER AND SMALL BUSINESS DEVELOPMENT TRAINING IN COLLABORATION WITH SEVERAL PARTNERS IN THE COMMUNITY. AN IMPORTANT COMPONENT OF OUR AEWD PROGRAMS IS A SPECIALIZED 10-WEEK SMALL BUSINESS STRATEGIES COURSE, WHICH TEACHES OUR CUSTOMERS EVERYTHING ABOUT SMALL BUSINESS, FROM LEGALIZATION AND LICENSING TO MARKETING AND LONG-TERM BUSINESS PLANNING. FOR THOSE SEEKING DEGREES AND/OR VOCATIONAL CERTIFICATIONS, HOUSING OPPORTUNITIES COMMUNITY PARTNER'S, INC. (HOCP) PROVIDES TUITION ASSISTANCE TO PROPEL OUR CUSTOMERS CLOSER TO EMPLOYMENT THAT OFFERS MORE LIVABLE WAGES. HOCP'S YOUTH ENRICHMENT PROGRAMS OFFER A WIDE VARIETY OF STEM AND STEAM PROGRAMMING OPPORTUNITIES FOR CHILDREN IN ALL SCHOOL GRADE LEVELS. THE CORNERSTONE OF OUR YOUTH PROGRAMMING IS OUR STEM SUMMER DAY CAMP PROGRAM, WHICH PROVIDES A VARIETY OF FIELD TRIPS AND ACTIVITIES IN ROBOTICS, ENGINEERING, CHESS, CULTURAL ARTS, AND OTHER ENGAGING STEM SUBJECTS. STUDENTS WHO PARTICIPATE IN THESE ACTIVITIES DEMONSTRATE A BETTER UNDERSTANDING OF VARIOUS STEM SUBJECTS, THEY EXPRESS INCREASED INTEREST IN STEM SUBJECTS AT SCHOOL, AND THE MAJORITY REPORT A GROWING DESIRE TO PURSUE CAREERS IN THE EVER-EXPANDING STEM JOB MARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Varun Dhawan Chair | OfficerTrustee | 1 | $0 |
Theresa Finney Dumais Vice-Chair As Of January 2023 | OfficerTrustee | 1 | $0 |
Kenneth B Tecler Treasurer As Of January 2023 | OfficerTrustee | 1 | $0 |
Morgan Smith Director | Trustee | 1 | $0 |
Lexan Mcdowell Director | Trustee | 1 | $0 |
Alexandra Nassau-Brownstone Director As Of March 2023 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $202,682 |
| Related organizations | $0 |
| Government grants | $35,842 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,499 |
| Noncash contributions included in lines 1a–1f | $85,028 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $347,023 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,842 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $333,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,570 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,500 |
| Advertising and promotion | $6,094 |
| Office expenses | $8,219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $235,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $621,801 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $621,801 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,947 |
| Total liabilities | $1,947 |
| Net assets without donor restrictions | $420,920 |
| Net assets with donor restrictions | $198,934 |
| 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 | $621,801 |