Form 990 for tax year 2022
Filed by MONTGOMERY HOUSING PARTNERSHIP INC.
Totals
- Total revenue
- $28,385,531
- Total expenses
- $23,156,342
- Contributions and grants received
- $7,625,052
- Grants paid
- $0
- Program service revenue
- $13,618,438
- Investment income
- $6,860,859
- Other revenue
- $281,182
- Total assets, end of year
- $166,458,126
- Total liabilities, end of year
- $134,794,661
- Net assets or fund balances, end of year
- $31,663,465
- Program services expenses (Part IX)
- $19,770,243
- Management and general expenses
- $2,542,013
- Fundraising expenses
- $844,086
- Program service expenses (Part III)
- $19,770,243
Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$38,651
-
1f · All other contributions, gifts and grants
$7,586,401
-
2a · Program service revenue: RENTAL INCOME
total $9,222,527 · related or exempt $9,222,527
-
2b · Program service revenue: DEVELOPMENT FEES
total $2,410,439 · related or exempt $2,410,439
-
2c · Program service revenue: ASSET AND INCENTIVE MANAGEMENT FE
total $1,985,472 · related or exempt $1,985,472
-
3 · Investment income
total $6,860,859 · excluded $6,860,859
-
8a · Fundraising events: gross income
$10,649
-
8a · Fundraising events: contributions included on line 1c
$38,651
-
8b · Fundraising events: direct expenses
$61,551
-
8c · Net income from fundraising events
total -$50,902 · excluded -$50,902
-
11d · All other revenue
total $332,084 · related or exempt $332,084
-
11e · Other revenue, total
$332,084
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,006,011 · program services $603,607 · management and general $301,803 · fundraising $100,601
-
7 · Other salaries and wages
total $3,119,831 · program services $1,871,899 · management and general $935,949 · fundraising $311,983
-
8 · Pension plan contributions
total $111,870 · program services $67,122 · management and general $33,561 · fundraising $11,187
-
9 · Other employee benefits
total $351,705 · program services $211,023 · management and general $105,511 · fundraising $35,171
-
10 · Payroll taxes
total $355,548 · program services $213,329 · management and general $106,664 · fundraising $35,555
-
11a · Fees: management
total $372,154 · program services $372,154
-
11b · Fees: legal
total $10,472 · management and general $10,472
-
11c · Fees: accounting
total $158,830 · program services $95,298 · management and general $47,649 · fundraising $15,883
-
11g · Fees: other
total $554,298 · program services $332,579 · management and general $166,289 · fundraising $55,430
-
13 · Office expenses
total $50,777 · program services $30,465 · management and general $15,234 · fundraising $5,078
-
16 · Occupancy
total $2,588,289 · program services $2,228,228 · management and general $270,046 · fundraising $90,015
-
20 · Interest
total $5,238,830 · program services $5,238,830
-
22 · Depreciation, depletion and amortization
total $4,439,938 · program services $4,430,244 · management and general $7,240 · fundraising $2,454
-
23 · Insurance
total $403,927 · program services $402,009 · management and general $1,399 · fundraising $519
-
24a · Other expenses: OPERATING AND MAINT.
total $2,349,651 · program services $2,344,392 · management and general $3,835 · fundraising $1,424
-
24b · Other expenses: TAXES
total $256,341 · program services $256,341
-
24e · All other expenses
total $1,787,870 · program services $1,072,723 · management and general $536,361 · fundraising $178,786
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $16,950,061 · end of year $15,231,232
-
4 · Accounts receivable
beginning of year $1,788,733 · end of year $2,582,104
-
9 · Prepaid expenses and deferred charges
beginning of year $202,683 · end of year $301,099
-
10a · Land, buildings and equipment: cost or other basis
$112,289,626
-
10b · Land, buildings and equipment: accumulated depreciation
$12,889,885
-
10c · Land, buildings and equipment, net
beginning of year $65,742,714 · end of year $99,399,741
-
11 · Investments: publicly traded securities
beginning of year $341,891 · end of year $342,431
-
14 · Intangible assets
beginning of year $4,638 · end of year $1,079
-
15 · Other assets
beginning of year $32,097,251 · end of year $48,600,440
-
17 · Accounts payable and accrued expenses
beginning of year $3,118,027 · end of year $5,523,033
-
19 · Deferred revenue
beginning of year $277,714 · end of year $100,683
-
23 · Secured mortgages and notes payable
beginning of year $87,775,011 · end of year $128,152,850
-
24 · Unsecured notes and loans payable
beginning of year $250,000 · end of year $627,500
-
25 · Other liabilities
beginning of year $387,245 · end of year $390,595
-
27 · Net assets without donor restrictions
beginning of year $24,643,969 · end of year $28,945,340
-
28 · Net assets with donor restrictions
beginning of year $676,005 · end of year $2,718,125
Mission and programs · 2022
Mission
THE ORGANIZATION'S MAIN PURPOSE IS TO PROVIDE FOR LOW-INCOME FAMILIES AFFORDABLE HOUSING, AND IN THOSE COMMUNITIES ENHANCE THE VITALITY OF THESE NEIGHBORHOODS, AND IMPLEMENT COMMUNITY LIFE PROGRAMS FOR THOSE RESIDENTS.
Activities or mission (Part I)
TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES LOCATED IN MONTGOMERY COUNTY, MARYLAND.
-
SEE SCHEDULE O
Expenses $19,770,243 · Revenue $13,950,522
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
LISA ROTHER
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
BILL CALDWELL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
EUGENE COSTA
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
JANET BROWN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
CHAD COOLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
SARA DAINES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MADIAW DIOP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARTINA GILLIS-MASSEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
PATRICIA HARRIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
HELENE GOLDBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JEANNE SEGAL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
NANCY HOLLAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RONNIE JAMISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
OSCAR MONTES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
AUDREY MILLER KING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CHRISTINE KAUFMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DEBRA MOSES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ROBERT GOLDMAN
PRESIDENT
- Total calculated
- $341,351
- From this org
- $291,957
- From related orgs
- $0
- Other
- $49,394
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $276,957
- Bonus
- $15,000
- Other
- $0
- Deferred
- $12,044
- Nontaxable benefits
- $37,350
- Filer's total
- $341,351
-
ARTIE HARRIS
VP OF REAL ESTATE DEVELOPMENT
- Total calculated
- $225,574
- From this org
- $179,286
- From related orgs
- $0
- Other
- $46,288
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $175,786
- Bonus
- $3,500
- Other
- $0
- Deferred
- $7,482
- Nontaxable benefits
- $38,806
- Filer's total
- $225,574
-
JILL GOODRICH
VP OF OPERATIONS - OUTGOING
- Total calculated
- $114,200
- From this org
- $94,980
- From related orgs
- $0
- Other
- $19,220
- Hours/week
- 35 + 5 related
-
WILLIAM HIGHSMITH JR
VP OF OPERATIONS
- Total calculated
- $98,251
- From this org
- $97,259
- From related orgs
- $0
- Other
- $992
- Hours/week
- 35
-
WILLIAM HARRISON
CFO - OUTGOING
- Total calculated
- $81,914
- From this org
- $79,610
- From related orgs
- $0
- Other
- $2,304
- Hours/week
- 35 + 5 related
-
JENNIFER RUDOLPH
CFO
- Total calculated
- $132,469
- From this org
- $120,253
- From related orgs
- $0
- Other
- $12,216
- Hours/week
- 35 + 5 related
-
SULEMA MIDDLETON
VP OF COMMUNITY LIFE
- Total calculated
- $182,578
- From this org
- $149,976
- From related orgs
- $0
- Other
- $32,602
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $146,476
- Bonus
- $3,500
- Other
- $0
- Deferred
- $5,602
- Nontaxable benefits
- $27,000
- Filer's total
- $182,578
-
EVA DILLON
DIRECTOR OF ADVANCEMENT
- Total calculated
- $165,484
- From this org
- $134,905
- From related orgs
- $0
- Other
- $30,579
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $131,405
- Bonus
- $3,500
- Other
- $0
- Deferred
- $5,327
- Nontaxable benefits
- $25,252
- Filer's total
- $165,484
-
ASHISH BHATIA
DIRECTOR OF ASSET MANAGEMENT
- Total calculated
- $131,241
- From this org
- $120,843
- From related orgs
- $0
- Other
- $10,398
- Hours/week
- 35 + 5 related
-
DINO FASCE
CONTROLLER
- Total calculated
- $130,378
- From this org
- $117,476
- From related orgs
- $0
- Other
- $12,902
- Hours/week
- 35 + 5 related
-
STEPHANIE MURDOCK ROODMAN
SR. PROJECT MANAGER
- Total calculated
- $187,924
- From this org
- $145,414
- From related orgs
- $0
- Other
- $42,510
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $141,914
- Bonus
- $3,500
- Other
- $0
- Deferred
- $6,072
- Nontaxable benefits
- $36,438
- Filer's total
- $187,924
-
JOHN POYER
SR. PROJECT MANAGER
- Total calculated
- $135,486
- From this org
- $119,162
- From related orgs
- $0
- Other
- $16,324
- Hours/week
- 35 + 5 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · AFFORDABLE HOUSING · MD · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
501(C)(3) · AFFORDABLE HOUSING · MD · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
501(C)(3) · AFFORDABLE HOUSING · MD · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
501(C)(3) · AFFORDABLE HOUSING · MD · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
501(C)(3) · AFFORDABLE HOUSING · MD · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
501(C)(3) · AFFORDABLE HOUSING · MD · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
501(C)(3) · AFFORDABLE HOUSING · MD · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
501(C)(3) · AFFORDABLE HOUSING · MD · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
AFFORDABLE HOUSING · MD · income $182,306 · assets $2,131,967
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $0 · assets $0
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $1,434,525 · assets $13,386,684
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $0 · assets $0
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $292,229 · assets $3,155,988
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $0 · assets $0
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $0 · assets $0
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $109,079 · assets $3,741,698
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $2,363,103 · assets $37,817,552
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $0 · assets $0
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $28,579 · assets $678,121
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
MHP MINORITY OWNER LLC
AFFORDABLE HOUSING · MD · income $0 · assets $0
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $0 · assets $0
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
MHP NORTH FREDERICK AVENUE LLC
AFFORDABLE HOUSING · MD · income $966,709 · assets $8,151,582
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $148,717 · assets $2,582,943
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $0 · assets $0
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $0 · assets $0
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
MHP RW APARTMENTS GP LLC
AFFORDABLE HOUSING · MD · income $0 · assets $0
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $4,210,888 · assets $39,334,835
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $0 · assets $0
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
AFFORDABLE HOUSING · MD · income $0 · assets $0
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
AFFORDABLE HOUSING · MD
-
AFFORDABLE HOUSING · MD
-
AFFORDABLE HOUSING · MD · 100% owned · share of assets $3,946,925
Directly controlled by MHP BLAIR PARK APARTMENTS INC
-
AFFORDABLE HOUSING · MD · 100% owned · share of assets $7,473,830
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
GREENWOOD TERRACE APARTMENTS LP
AFFORDABLE HOUSING · MD
-
AFFORDABLE HOUSING · MD
-
AFFORDABLE HOUSING · MD
-
AFFORDABLE HOUSING · MD · 100% owned
Directly controlled by MHP FOREST GLEN 4 GP LLC
-
AFFORDABLE HOUSING · MD · 100% owned
Directly controlled by MHP FOREST GLEN 9 GP LLC
-
AFFORDABLE HOUSING · MD
-
AFFORDABLE HOUSING · MD
-
AFFORDABLE HOUSING · MD
-
AFFORDABLE HOUSING · MD
-
AFFORDABLE HOUSING · MD
-
PEMBRIDGE SQUARE APARTMENTS LP
AFFORDABLE HOUSING · MD
-
AFFORDABLE HOUSING · MD · 100% owned · share of assets $74,014,938
Directly controlled by MHP ROLLINGWOOD GP LLC
-
AFFORDABLE HOUSING · MD · 100% owned
Directly controlled by MHP RW APARTMENTS GP LLC
-
SILVER SPRING LIBRARY RESIDENCES LP
AFFORDABLE HOUSING · MD
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · INVESTMENT IN PARTNERSHIP · MD · 100% owned · share of assets $1,848 · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
C · INVESTMENT IN PARTNERSHIP · MD · 100% owned · share of assets $1,461 · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
C · INVESTMENT IN PARTNERSHIP · MD · 100% owned · share of assets $757,447 · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
C · INVESTMENT IN PARTNERSHIP · MD · 100% owned · share of income $1 · share of assets $304,412 · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
C · INVESTMENT IN PARTNERSHIP · MD · 100% owned · share of assets $2,705 · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
C · INVESTMENT IN PARTNERSHIP · MD · 100% owned · share of assets $262,229 · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
C · INVESTMENT IN PARTNERSHIP · MD · 100% owned · share of income $8 · share of assets $82,413 · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
C · INVESTMENT IN PARTNERSHIP · MD · 100% owned · share of assets $907,024 · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
C · INVESTMENT IN PARTNERSHIP · MD · 100% owned · share of assets $100,171 · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
C · INVESTMENT IN PARTNERSHIP · MD · 100% owned · share of income $1 · share of assets $2,597,120 · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
C · INVESTMENT IN PARTNERSHIP · MD · 100% owned · share of assets $351,196 · controlled entity
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
C · INVESTMENT IN PARTNERSHIP · MD · 100% owned · share of assets $1,012,802
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
-
C · INVESTMENT IN PARTNERSHIP · MD · 100% owned · share of assets $50,486
Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349324908
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