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Nonprofiteer
← HOUSING INITIATIVE PARTNERSHIP INC

Form 990 for tax year 2022

Filed by HOUSING INITIATIVE PARTNERSHIP INC.

Totals

Total revenue
$3,825,620
Total expenses
$3,756,053
Contributions and grants received
$4,464,830
Grants paid
$152,766
Program service revenue
$17,703
Investment income
-$657,760
Other revenue
$847
Total assets, end of year
$6,483,168
Total liabilities, end of year
$3,550,601
Net assets or fund balances, end of year
$2,932,567
Program services expenses (Part IX)
$3,230,357
Management and general expenses
$405,067
Fundraising expenses
$120,629
Program service expenses (Part III)
$3,230,357

Program services were 86.0% 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.

  • 1a · Federated campaigns

    $838

  • 1e · Government grants (contributions)

    $3,869,403

  • 1f · All other contributions, gifts and grants

    $594,589

  • 2a · Program service revenue: MANAGEMENT FEE

    total $65,804 · related or exempt $65,804

  • 2b · Program service revenue: DEVELOPMENT FEE

    total $39,377 · related or exempt $39,377

  • 2c · Program service revenue: PROGRAM INCOME

    total $18,810 · related or exempt $18,810

  • 2d · Program service revenue: MT. RAINIER RENTAL ACTIVITY

    total -$106,288 · related or exempt -$106,288

  • 3 · Investment income

    total $14,839 · excluded $14,839

  • 7a · Gross sales of assets other than inventory

    securities $10,503 · other assets $1,775,000

  • 7b · Less cost or other basis and sales expenses

    securities $7,060 · other assets $2,451,042

  • 7c · Gain or loss

    securities $3,443 · other assets -$676,042

  • 7d · Net gain or loss

    total -$672,599 · excluded -$672,599

  • 11a · Other revenue: CASH REWARDS

    total $711 · excluded $711

  • 11b · Other revenue: MISC. INCOME

    total $136 · excluded $136

  • 11e · Other revenue, total

    $847

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $152,766 · program services $152,766

  • 5 · Compensation of officers, directors and key employees

    total $313,524 · program services $276,938 · management and general $21,344 · fundraising $15,242

  • 7 · Other salaries and wages

    total $1,758,011 · program services $1,553,024 · management and general $119,594 · fundraising $85,393

  • 8 · Pension plan contributions

    total $31,143 · program services $27,406 · management and general $2,180 · fundraising $1,557

  • 9 · Other employee benefits

    total $172,125 · program services $151,472 · management and general $12,048 · fundraising $8,605

  • 10 · Payroll taxes

    total $158,808 · program services $139,751 · management and general $11,117 · fundraising $7,940

  • 11b · Fees: legal

    total $1,876 · program services $1,650 · management and general $226

  • 11c · Fees: accounting

    total $116,561 · management and general $116,561

  • 11f · Fees: investment management

    total $4,373 · management and general $4,373

  • 11g · Fees: other

    total $18,754 · program services $16,504 · management and general $2,250

  • 12 · Advertising and promotion

    total $33,416 · management and general $33,416

  • 13 · Office expenses

    total $103,050 · program services $78,926 · management and general $24,124

  • 14 · Information technology

    total $49,408 · program services $43,479 · management and general $5,929

  • 16 · Occupancy

    total $93,159 · program services $80,039 · management and general $13,120

  • 20 · Interest

    total $59,394 · program services $52,268 · management and general $7,126

  • 22 · Depreciation, depletion and amortization

    total $5,045 · program services $4,289 · management and general $756

  • 23 · Insurance

    total $44,107 · program services $38,813 · management and general $5,294

  • 24a · Other expenses: COMMUNITY/RESIDENT SERV

    total $566,359 · program services $564,467 · fundraising $1,892

  • 24b · Other expenses: TRAINING

    total $26,117 · program services $26,117

  • 24c · Other expenses: BAD DEBT

    total $22,536 · management and general $22,536

  • 24d · Other expenses: OTHER TAXES

    total $11,167 · program services $11,167

  • 24e · All other expenses

    total $14,354 · program services $11,281 · management and general $3,073

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $691,842 · end of year $418,986

  • 2 · Savings and temporary cash investments

    beginning of year $11,076 · end of year $4,946

  • 3 · Pledges and grants receivable

    beginning of year $1,438,026 · end of year $1,434,276

  • 4 · Accounts receivable

    beginning of year $7,713

  • 7 · Other notes and loans receivable

    beginning of year $890,720 · end of year $1,150,280

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,372 · end of year $28,638

  • 10a · Land, buildings and equipment: cost or other basis

    $91,325

  • 10b · Land, buildings and equipment: accumulated depreciation

    $74,104

  • 10c · Land, buildings and equipment, net

    beginning of year $22,266 · end of year $17,221

  • 11 · Investments: publicly traded securities

    beginning of year $422,225 · end of year $459,897

  • 15 · Other assets

    beginning of year $3,239,629 · end of year $2,968,924

  • 17 · Accounts payable and accrued expenses

    beginning of year $552,515 · end of year $404,303

  • 19 · Deferred revenue

    beginning of year $82,955

  • 23 · Secured mortgages and notes payable

    beginning of year $1,484,017 · end of year $1,170,857

  • 25 · Other liabilities

    beginning of year $1,771,831 · end of year $1,975,441

  • 27 · Net assets without donor restrictions

    beginning of year $2,845,551 · end of year $2,932,567

Mission and programs · 2022

Mission

HOUSING INITIATIVE PARTNERSHIP, INC. (HIP) DEVELOPS INNOVATIVE AFFORDABLE HOUSING, REVITALIZES NEIGHBORHOODS AND EQUIPS PEOPLE TO ACHIEVE THEIR HOUSING AND FINANCIAL GOALS.HIP'S VISION IS THAT EVERY PERSON LIVES IN HIGH-QUALITY AFFORDABLE HOUSING IN A THRIVING COMMUNITY.

  • HOUSING COUNSELING - SEE SCHEDULE O

    Expenses $1,682,711 · Grants $147,006 · Revenue $17,703

  • RESIDENT SERVICES - SEE SCHEDULE O

    Expenses $950,343 · Grants $5,760

  • HOMEOWNER REHABILITATION - SEE SCHEDULE O

    Expenses $313,754

  • OTHER PROGRAM SERVICES - SEE SCHEDULE O

    Expenses $283,549

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Maryann Dillon

    EXECUTIVE DIRECTOR

    Total calculated
    $168,976
    From this org
    $165,601
    From related orgs
    $0
    Other
    $3,375
    Hours/week
    37.5 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $165,601
    Bonus
    $0
    Other
    $0
    Deferred
    $3,312
    Nontaxable benefits
    $63
    Filer's total
    $168,976

  • Stephanie Prange Proestel

    DEPUTY EXEC. DIRECTOR

    Total calculated
    $136,128
    From this org
    $132,445
    From related orgs
    $0
    Other
    $3,683
    Hours/week
    37.5 + 2.5 related

  • Mary Hunter Director Of

    HOUSING COUNSELING PROGRAM

    Total calculated
    $118,881
    From this org
    $112,348
    From related orgs
    $0
    Other
    $6,533
    Hours/week
    37.5 + 2.5 related

  • Samuel Parker

    CHAIR

    Total calculated
    $0
    Hours/week
    3 + 0.5 related

  • Angela Hill

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Julio Murillo Khadjibhaeva

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Wanda Ellison-Osborne

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Mae Avenilla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Andrew Joseph

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Erna Vance

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Abraham Garcia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Ivy Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Steve Brigham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Randy Barber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Martin Mellett

    BOARD MEMBER AS OF DEC. 2022

    Total calculated
    $0
    Hours/week
    2 + 0.5 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

  • 2 · Substantiation required before reimbursing expenses
  • 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

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.

  • HIP TOWNE COURTS LLC

    LOW-INCOME APARTMENT RENTAL · MD

    Directly controlled by HOUSING INITIATIVE PARTERSHIP INC

  • 8230 SCHULTZ RD HIP DEVELOPER LLC

    LOW-INCOME HOUSING · MD

    Directly controlled by HOUSING INITIATIVE PARTERSHIP INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MOUNT RAINIER ARTIST APARTMENTS LLP

    RELATED · LOW-INCOME APARTMENT RENTAL · MD · 99% owned · share of income -$106,289 · share of assets $768,827 · general or managing partner

    Directly controlled by HIP

  • NORTH EAST MANAGER LLC

    RELATED · LOW-INCOME APARTMENT RENTAL · MD · 51% owned · general or managing partner

    Directly controlled by HIP HURRAH

  • PARKLANDS APARTMENTS MANAGER LLC

    RELATED · LOW-INCOME APARTMENT RENTAL · MD · 51% owned · general or managing partner

    Directly controlled by HIP HURRAH

  • RENAISSANCE SQUARE ARTIST'S HOUSING LLLP

    RELATED · LOW-INCOME APARTMENT RENTAL · MD · 0.5% owned · general or managing partner

    Directly controlled by GREEN HIPPOPOTAMUS DEVELOPMENT CORPORATION

  • TOWNE COURTS LLC

    RELATED · LOW-INCOME HOUSING · MD · 0.01% owned · general or managing partner

    Directly controlled by HIP TOWNE COURTS

  • BLADENSBURG COMMONS DEVELOPMENT LLLP

    RELATED · LOW-INCOME HOUSING · MD · 11% owned · general or managing partner

    Directly controlled by HIP HURRAH

  • 8230 SCHULTZ RD LLC

    RELATED · LOW-INCOME HOUSING FOR SENIORS · MD · 0.01% owned

    Directly controlled by 8230 SCHULTZ RD DEVELOPER LLC

  • 8230 SCHULTZ RD DEVELOPER LLC

    RELATED · LOW-INCOME HOUSING · MD · 51% owned · general or managing partner

    Directly controlled by 8230 SCHULTZ RD HIP DEVELOPER LLC

  • SPRINGBOOK LLC

    RELATED · LOW-INCOME HOUSING · MD · 51% owned · general or managing partner

    Directly controlled by HIP

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GREEN HIPPOPOTAMUS DEVELOPMENT CORPORATION

    C · HOUSING DEVELOPMENT · MD · 100% owned

    Directly controlled by HIP

  • HIP HURRAH

    C · HOUSING DEVELOPMENT · MD · 100% owned

    Directly controlled by HIP

Provenance

Return type
form_990
Tax year
2022
Filed
30 January 2024
IRS schema version
2022v5.0
Source object
202410319349301006

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