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← HOUSING INITIATIVE PARTNERSHIP INC

Form 990 for tax year 2023

Filed by HOUSING INITIATIVE PARTNERSHIP INC.

Totals

Total revenue
$6,577,442
Total expenses
$8,457,839
Contributions and grants received
$5,781,271
Grants paid
$219,501
Program service revenue
$722,492
Investment income
$28,677
Other revenue
$45,002
Total assets, end of year
$38,898,282
Total liabilities, end of year
$33,815,224
Net assets or fund balances, end of year
$5,083,058
Program services expenses (Part IX)
$7,952,394
Management and general expenses
$367,411
Fundraising expenses
$138,034
Program service expenses (Part III)
$7,952,394

Program services were 94.0% 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

    $2,972

  • 1e · Government grants (contributions)

    $4,927,046

  • 1f · All other contributions, gifts and grants

    $851,253

  • 2a · Program service revenue: RENTAL INCOME

    total $565,326 · related or exempt $565,326

  • 2b · Program service revenue: DEVELOPMENT FEE

    total $89,109 · related or exempt $89,109

  • 2c · Program service revenue: MANAGEMENT FEE

    total $68,057 · related or exempt $68,057

  • 3 · Investment income

    total $28,677 · excluded $28,677

  • 7a · Gross sales of assets other than inventory

    other assets $623,000

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

    other assets $623,000

  • 7c · Gain or loss

    other assets $0

  • 7d · Net gain or loss

    total $0

  • 11a · Other revenue: DAMAGES & CLEANING

    total $31,569 · excluded $31,569

  • 11b · Other revenue: TENANT CHARGES

    total $5,678 · excluded $5,678

  • 11c · Other revenue: LAUNDRY & VENDING

    total $4,784 · excluded $4,784

  • 11d · All other revenue

    total $2,971 · excluded $2,971

  • 11e · Other revenue, total

    $45,002

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $219,501 · program services $219,501

  • 5 · Compensation of officers, directors and key employees

    total $468,640 · program services $400,117 · management and general $46,682 · fundraising $21,841

  • 7 · Other salaries and wages

    total $1,733,749 · program services $1,480,247 · management and general $172,702 · fundraising $80,800

  • 8 · Pension plan contributions

    total $36,232 · program services $30,934 · management and general $3,609 · fundraising $1,689

  • 9 · Other employee benefits

    total $244,465 · program services $208,721 · management and general $24,351 · fundraising $11,393

  • 10 · Payroll taxes

    total $160,648 · program services $137,159 · management and general $16,002 · fundraising $7,487

  • 11a · Fees: management

    total $48,727 · program services $42,523 · management and general $6,204

  • 11b · Fees: legal

    total $22,852 · program services $22,852

  • 11c · Fees: accounting

    total $183,973 · program services $183,973

  • 11g · Fees: other

    total $70,705 · program services $70,705

  • 12 · Advertising and promotion

    total $27,987 · program services $27,987

  • 13 · Office expenses

    total $46,646 · program services $46,646

  • 14 · Information technology

    total $49,331 · program services $49,331

  • 16 · Occupancy

    total $579,155 · program services $579,155

  • 20 · Interest

    total $500,723 · program services $500,723

  • 22 · Depreciation, depletion and amortization

    total $6,713 · program services $5,882 · management and general $831

  • 23 · Insurance

    total $98,915 · program services $98,915

  • 24a · Other expenses: DEVELOPMENT EXPENSES

    total $2,716,815 · program services $2,716,815

  • 24b · Other expenses: RESIDENT SERVICES

    total $584,521 · program services $584,521

  • 24c · Other expenses: DEPRECIATION - CONSOLID

    total $250,347 · program services $250,347

  • 24d · Other expenses: ADMINISTRATIVE

    total $158,535 · program services $46,681 · management and general $97,030 · fundraising $14,824

  • 24e · All other expenses

    total $248,659 · program services $248,659

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $418,986 · end of year $2,170,719

  • 2 · Savings and temporary cash investments

    beginning of year $4,946 · end of year $449

  • 3 · Pledges and grants receivable

    beginning of year $1,434,276 · end of year $720,096

  • 4 · Accounts receivable

    end of year $238,752

  • 7 · Other notes and loans receivable

    beginning of year $1,150,280

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,638 · end of year $35,180

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

    $100,186

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

    $79,797

  • 10c · Land, buildings and equipment, net

    beginning of year $17,221 · end of year $20,389

  • 11 · Investments: publicly traded securities

    beginning of year $459,897 · end of year $510,476

  • 14 · Intangible assets

    end of year $61,761

  • 15 · Other assets

    beginning of year $2,968,924 · end of year $35,140,460

  • 17 · Accounts payable and accrued expenses

    beginning of year $404,303 · end of year $3,208,805

  • 19 · Deferred revenue

    end of year $170,017

  • 23 · Secured mortgages and notes payable

    beginning of year $1,170,857 · end of year $26,102,741

  • 24 · Unsecured notes and loans payable

    end of year $0

  • 25 · Other liabilities

    beginning of year $1,975,441 · end of year $4,333,661

  • 27 · Net assets without donor restrictions

    beginning of year $2,932,567 · end of year $5,083,058

Mission and programs · 2023

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 - RENTAL EDUCATION AND COUNSELING SERVICES HELP CLIENTS LOCATE AND MAINTAIN AFFORDABLE RENTAL HOUSING. HIP'S COUNSELORS ASSIST WITH HOUSING SEARCH STRATEGIES, FINANCIAL CAPABILITY, TENANT RIGHTS EDUCATION, EVICTION PREVENTION, AND COMMUNICATION WITH LANDLORDS. SERVICES INCLUDE RENT AFFORDABILITY ANALYSIS, IDENTIFICATION OF AFFORDABLE HOUSING OPPORTUNITIES, CREDIT BUILDING, BUDGET ANALYSIS, GROUP EDUCATIONAL SESSIONS (VIRTUAL AND IN PERSON) ON LOCAL AND STATE RENT LAWS, FAIR HOUSING RIGHTS EDUCATION, GUIDANCE ABOUT THE LOCAL EVICTION PROCESS, AND APPLICATION ASSISTANCE FOR EMERGENCY RENT ASSISTANCE AND ALL OTHER RENTAL AND UTILITY ASSISTANCE RESOURCES. HOUSING STABILIZATION - HIP IS THE LEADING PROVIDER OF RAPID REHOUSING SERVICES IN PRINCE GEORGE'S COUNTY. RAPID REHOUSING FOLLOWS A HOUSING FIRST APPROACH AND IS A PRIMARY SOLUTION FOR ENDING HOMELESSNESS. HIP'S CASE MANAGERS PROVIDE HOUSING IDENTIFICATION SERVICES, SHORT-TERM RENTAL ASSISTANCE, AND CASE MANAGEMENT SERVICES TO HELP INDIVIDUALS AND FAMILIES TO QUICKLY EXIT HOMELESSNESS AND SECURE PERMANENT HOUSING. CASE MANAGEMENT SERVICES INCLUDE ASSESSMENT OF BARRIERS TO HOUSING RETENTION, CREATION OF HOUSEHOLD BUDGETS, DEVELOPMENT OF INDIVIDUALIZED HOUSING STABILITY PLANS, TENANCY SKILLS EDUCATION AND COACHING, CONNECTION TO MAINSTREAM BENEFITS AND COMMUNITY RESOURCES, AND ADVOCACY WITH PROPERTY OWNERS AND SERVICE PROVIDERS. THE PROGRAM'S INTENSITY ADJUSTS BASED ON ONGOING ASSESSMENT AND CLIENT PROGRESS.HOME SHARING - HIP LAUNCHED A HOME SHARING PILOT PROGRAM IN JANUARY 2021, IN PARTNERSHIP WITH MONTGOMERY COUNTY DEPARTMENT OF HEALTH AND HUMAN SERVICES (DHHS), IN WHICH HIP FACILITATES STABLE ROOM RENTAL AGREEMENTS BETWEEN HOMEOWNERS AND HOME SEEKERS. THE GOAL OF THE PROGRAM IS TO HELP OLDER HOMEOWNERS AGE IN PLACE BY REDUCING SOCIAL ISOLATION, CREATING MONTHLY INCOME FOR THE HOMEOWNERS, AND ENCOURAGING LONG-TERM RENTAL AGREEMENTS WHERE THE RENTER MAY ALSO ASSIST WITH EXTRA HOUSEKEEPING, ERRANDS, OR TRANSPORTATION HELP IN EXCHANGE FOR LOWER RENT.FINANCIAL EMPOWERMENT CENTER - THE GAITHERSBURG FINANCIAL EMPOWERMENT CENTER OPENED IN MARCH 2022 AS A PARTNERSHIP BETWEEN THE CITY OF GAITHERSBURG AND HIP AS THE NONPROFIT PROVIDER. THE MODEL CALLS FOR FINANCIAL COUNSELING AS A FREE PUBLIC SERVICE OF A MUNICIPALITY. HIP'S CERTIFIED FINANCIAL COUNSELORS PROVIDE FREE, CONFIDENTIAL FINANCIAL COUNSELING TO HELP INDIVIDUALS AND FAMILIES PAY DOWN DEBT, ESTABLISH GOOD CREDIT, DEVELOP BUDGETING SKILLS AND CONNECT TO SAFE, LOWCOST BANKING SYSTEMS. THIS APPROACH IS DATA-DRIVEN AND OUTCOME-FOCUSED, BACKED BY RESEARCH CONFIRMING THAT LOW- AND MODERATE-INCOME CLIENTS CAN MAKE SIGNIFICANT IMPROVEMENTS IN THEIR FINANCIAL SITUATION WITH FINANCIAL COUNSELING.

    Expenses $2,324,377 · Grants $219,251 · Revenue $722,492

  • RESIDENT SERVICES - HIP'S CORES-CERTIFIED RESIDENT SERVICES PROGRAM ENSURES THAT OUR APARTMENT COMMUNITIES ARE MORE THAN BRICKS AND MORTAR THAT THEY ARE ALSO "HOME AND AN INTEGRAL PART OF THE LARGER NEIGHBORHOOD. OUR GOAL IS TO IMPROVE THE QUALITY OF LIFE AND SELF-SUFFICIENCY OF AT-RISK AND LOW INCOME COMMUNITY RESIDENTS AND TO HELP THEM SUSTAIN HOUSING THEY CAN AFFORD. HIP'S RESIDENT SERVICES PROGRAMS ARE ORGANIZED INTO FOUR AREAS: (1) HOUSING AND FAMILY STABILITY, (2) HEALTH, WELLNESS, AND NUTRITION, (3) EDUCATION, JOB SKILLS, AND COMPUTER TRAINING, AND (4) COMMUNITY AND CIVIC ENGAGEMENT. HIP'S RESIDENT SERVICE COORDINATORS ARE AVAILABLE IN-PERSON AND REMOTELY AS NEEDED, TO PROMOTE ECONOMIC SELF-SUFFICIENCY AND FOSTER CIVIC PARTICIPATION BY PROVIDING A WIDE RANGE OF PROGRAM SERVICES AND BENEFITS, INCLUDING EVENTS AND SOCIAL ACTIVITIES, TECHNOLOGY TRAINING, EMERGENCY ASSISTANCE, CONSULTATION AND REFERRAL ASSISTANCE, FINANCIAL LITERACY EDUCATION, AND JOB REFERRALS AND RESUME WRITING ASSISTANCE.

    Expenses $271,495 · Grants $250

  • HOMEOWNER REHABILITATION - SINCE 2014, HIP HAS PARTNERED WITH THE PRINCE GEORGE'S COUNTY DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT (DHCD) AND REDEVELOPMENT AUTHORITY OF PRINCE GEORGE'S TO MANAGE THE HOMEOWNER REHABILITATION ASSISTANCE PROGRAM (HRAP) IN WHICH THE COUNTY PROVIDES ZERO INTEREST DEFERRED LOANS TO LOW-INCOME HOMEOWNERS TO UNDERTAKE NECESSARY SAFETY, ACCESSIBILITY AND ENERGY-EFFICIENT UPDATES TO AGING HOMES. HIP PRE-QUALIFIES APPLICANTS FOR LOANS, ENGAGES CONSULTANTS TO PREPARE RENOVATION SCOPES OF WORK, BIDS OUT THE WORK TO QUALIFIED GENERAL CONTRACTORS AND SUPERVISES THE WORK. ALL PROGRAM PARTICIPANTS MEET WITH ONE OF HIP'S HUDCERTIFIED HOUSING COUNSELORS FOR A FINANCIAL COACHING SESSION REVIEWING THEIR BUDGET AND CREDIT AS WELL AS PARTICIPATE IN HIP'S HOME MAINTENANCE WORKSHOP.

    Expenses $307,676

  • SINGLE-FAMILY DEVELOPMENT - HIP PURCHASES AND RENOVATES VACANT AND DILAPIDATED SINGLE-FAMILY HOMES IN OLDER NEIGHBORHOODS (THE HIP HOMES). THESE HIP HOMES ARE SOLD TO QUALIFIED LOW- AND MODERATE INCOME FIRST-TIME HOMEBUYERS. IN SOME CIRCUMSTANCES, HOUSES ARE TORN DOWN AND REPLACED WITH NEW HOMES. REHABILITATED HIP HOMES TYPICALLY REQUIRE EXTENSIVE WORK AND ARE SUBSTANTIALLY RENOVATED WHEN COMPLETED. IN AN AVERAGE REHAB, HIP WILL REPLACE ALL MAJOR SYSTEMS (ROOF, GUTTERS, FURNACE, CENTRAL AIR, HOT WATER HEATER) AND THE ELECTRICAL SYSTEM. IN ADDITION, HIP REPLACES THE KITCHEN AND BATHROOM(S), INSTALLS ALL NEW APPLIANCES (GARBAGE DISPOSAL, DISHWASHER, REFRIGERATOR, STOVE, WASHER AND DRYER), AND REPLACES ALL ELECTRICAL FIXTURES AND FLOORING. AS A GREEN DEVELOPER, HIP PLACES SPECIAL EMPHASIS ON ELECTRIFICATION, ENERGY AND WATER EFFICIENCY AS WELL AS THE USE OF SUSTAINABLE, HEALTHY MATERIALS. HIP'S SIGNATURE FEATURE IS THE ADDITION OF A FRONT PORCH WITH BRIGHTLY COLORED FRONT AND REAR DOOR.MULTI-FAMILY DEVELOPMENT - HIP DEVELOPS HIGH-QUALITY, GREEN, AFFORDABLE MULTIFAMILY RENTAL APARTMENT COMMUNITIES THAT SERVE LOW- AND MODERATE-INCOME RESIDENTS. IN SOME CASES, HIP ENTERS INTO A PARTNERSHIP WITH OTHER MISSION-DRIVEN FOR-PROFIT OR NONPROFIT DEVELOPERS TO CO DEVELOP RENTAL HOUSING IN MARYLAND. HIP HAS PLAYED A ROLE IN THE DEVELOPMENT OF NINE APARTMENT COMMUNITIES WITH OVER 600 UNITS OF AFFORDABLE RENTAL HOUSING ACROSS MARYLAND, INCLUDING PRINCE GEORGE'S, ANNE ARUNDEL, AND CECIL COUNTIES.

    Expenses $5,048,846

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Maryann Dillon

    EXECUTIVE DIRECTOR (RETIRED FEB. 2024)

    Total calculated
    $182,176
    From this org
    $178,591
    From related orgs
    $0
    Other
    $3,585
    Hours/week
    37.5 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $178,591
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,585 related
    Nontaxable benefits
    $0
    Filer's total
    $178,591 + $3,585 related

  • Stephanie Prange Proestel

    EXECUTIVE DIRECTOR

    Total calculated
    $155,106
    From this org
    $152,065
    From related orgs
    $0
    Other
    $3,041
    Hours/week
    37.5 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $152,065
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,041 related
    Nontaxable benefits
    $0
    Filer's total
    $152,065 + $3,041 related

  • Mary Hunter

    DIRECTOR OF HOUSING COUNSELING PROGRAM

    Total calculated
    $131,358
    From this org
    $128,782
    From related orgs
    $0
    Other
    $2,576
    Hours/week
    37.5 + 2.5 related

  • Martin Mellett

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Ivy Lewis

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Wanda Ellison-Osborne

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Randy Barber

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Angela Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Mae Avenilla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Andrew Joseph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Erna Vance

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Abraham Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Steve Brigham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Julio Murillo Khadjibhaeva

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Samuel Parker

    PAST CHAIR EMERITAS

    Total calculated
    $0
    Hours/week
    3 + 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

  • 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

  • UPPER MONTGOMERY ASSISTANCE NETWORK

    $112,460

    SUBRECIPIENTS TO HIP FOR CITY OF GAITHERSBURG FINANCIAL EMPOWERMENT GRANT

  • FOREST DRIVE LIHTC LLC

    $106,792

    REIMBURSEMENT FOR FAIRMONT HEIGHTS - PHASE 2 CONSTRUCTION

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 PARTNERSHIP INC

  • 8230 SCHULTZ RD HIP DEVELOPER LLC

    LOW-INCOME HOUSING · MD

    Directly controlled by HOUSING INITIATIVE PARTNERSHIP 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 -$128,528 · share of assets $735,578 · 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 DEVELOPER LLC

  • SPRINGBROOK 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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349303952

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