Montgomery Housing Partnership Inc
- Assets
- $117.1m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 91
- Location
- Silver Spring, MD
- Founding
- 09/1989
- Data as of
- 12/2021
- EIN
- 52-1631939
Organization Overview
Montgomery Housing Partnership Inc is located in Silver Spring, MD. The organization was established in 1989. 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, Montgomery Housing Partnership Inc employed 91 individuals. This organization is a parent organization of 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 $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $19.0m during the year ending 12/2021. While expenses have increased by 16.9% 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 AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES LOCATED IN MONTGOMERY COUNTY, MARYLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Goldman President | Officer | 40 | $288,175 |
Jill Goodrich VP Of Operations | Officer | 40 | $175,973 |
Artie Harris VP Of Real Estate Development | Officer | 40 | $174,094 |
Prajakta Kasbekar Sr. Project Manager | 40 | $155,719 | |
William Harrison CFO | Officer | 40 | $149,444 |
Sulema Middleton VP Of Community Life | Officer | 40 | $145,545 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bdc Spectrum Llc Consulting | 12/30/18 | $230,080 |
Raffa Pc Accounting Services | 12/30/18 | $110,415 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,090,224 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,559,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,649,756 |
| Total Program Service Revenue | $12,543,404 |
| Investment income | $731,624 |
| 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 | $17,924,784 |
| 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. | $1,101,701 |
| Compensation of current officers, directors, key employees. | $330,510 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,152,368 |
| Pension plan accruals and contributions | $83,407 |
| Other employee benefits | $359,553 |
| Payroll taxes | $371,078 |
| Fees for services: Management | $347,844 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $161,799 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,364,947 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,773,416 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,959,158 |
| Insurance | $321,240 |
| All other expenses | $0 |
| Total functional expenses | $19,030,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,950,061 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,788,733 |
| 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 | $202,683 |
| Net Land, buildings, and equipment | $65,742,714 |
| Investments—publicly traded securities | $341,891 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,638 |
| Other assets | $32,097,251 |
| Total assets | $117,127,971 |
| Accounts payable and accrued expenses | $3,118,027 |
| Grants payable | $0 |
| Deferred revenue | $277,714 |
| 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 | $87,775,011 |
| Unsecured mortgages and notes payable | $250,000 |
| Other liabilities | $387,245 |
| Total liabilities | $91,807,997 |
| Net assets without donor restrictions | $24,643,969 |
| Net assets with donor restrictions | $676,005 |
| 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 | $117,127,971 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Montgomery Housing Partnership Inc has recieved totaling $104,085.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $70,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,710 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |