Skip to content
Nonprofiteer
← THE HOUSING PARTNERSHIP FUND INC

Form 990 for tax year 2022

Filed by THE HOUSING PARTNERSHIP FUND INC.

Totals

Total revenue
$4,692,350
Total expenses
$4,349,933
Contributions and grants received
$1,136,899
Grants paid
$0
Program service revenue
$3,542,862
Investment income
$12,589
Other revenue
$0
Total assets, end of year
$71,841,462
Total liabilities, end of year
$54,686,699
Net assets or fund balances, end of year
$17,154,763
Program services expenses (Part IX)
$3,753,498
Management and general expenses
$596,435
Fundraising expenses
$0
Program service expenses (Part III)
$3,753,498

Program services were 86.3% 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.

  • 1e · Government grants (contributions)

    $486,899

  • 1f · All other contributions, gifts and grants

    $650,000

  • 2a · Program service revenue: LOAN INTEREST

    total $3,038,556 · related or exempt $3,038,556

  • 2b · Program service revenue: LOAN FEES

    total $304,810 · related or exempt $304,810

  • 2c · Program service revenue: CONTRACTS AND OTHER

    total $199,496 · related or exempt $199,496

  • 3 · Investment income

    total $12,589 · excluded $12,589

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $2,354,134 · program services $1,789,142 · management and general $564,992

  • 11b · Fees: legal

    total $169,826 · program services $169,826

  • 11c · Fees: accounting

    total $27,754 · management and general $27,754

  • 11g · Fees: other

    total $87,800 · program services $87,800

  • 13 · Office expenses

    total $3,417 · management and general $3,417

  • 19 · Conferences, conventions and meetings

    total $15,000 · program services $15,000

  • 20 · Interest

    total $1,148,928 · program services $1,148,928

  • 23 · Insurance

    total $272 · management and general $272

  • 24a · Other expenses: LOAN LOSS PROVISION

    total $526,317 · program services $526,317

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $16,485 · program services $16,485

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,380,152 · end of year $4,688,179

  • 2 · Savings and temporary cash investments

    beginning of year $1,508,037 · end of year $4,503,161

  • 3 · Pledges and grants receivable

    beginning of year $625,000 · end of year $5,000

  • 4 · Accounts receivable

    beginning of year $425,572 · end of year $494,874

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91

  • 13 · Investments: program-related

    beginning of year $49,107,591 · end of year $62,150,248

  • 17 · Accounts payable and accrued expenses

    beginning of year $396,985 · end of year $393,696

  • 21 · Escrow or custodial account liability

    beginning of year $590,612 · end of year $671,901

  • 23 · Secured mortgages and notes payable

    beginning of year $500,000 · end of year $500,000

  • 24 · Unsecured notes and loans payable

    beginning of year $36,132,441 · end of year $48,632,441

  • 25 · Other liabilities

    beginning of year $614,059 · end of year $4,488,661

  • 27 · Net assets without donor restrictions

    beginning of year $14,959,245 · end of year $15,017,263

  • 28 · Net assets with donor restrictions

    beginning of year $1,853,101 · end of year $2,137,500

Mission and programs · 2022

Mission

TO PROVIDE FINANCING FOR THE PURCHASE, REHABILITATION AND DEVELOPMENT OF HOUSING.

Activities or mission (Part I)

TO PROVIDE FINANCING FOR THE PURCHASE, REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING.

  • TO PROVIDE REVOLVING LOANS FOR THE PURCHASE, REHABILITATION, AND DEVELOPMENT OF HOUSING THAT WILL BE AVAILABLE TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.

    Expenses $3,753,498 · Revenue $3,542,862

As filed on the 2022 return.

Listed in Part VII

  • Eric Chatman

    TREASURER

    Total calculated
    $391,710
    From this org
    $0
    From related orgs
    $337,100
    Other
    $54,610
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,500 related
    Bonus
    $0 + $46,600 related
    Other
    $0
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $30,210 related
    Filer's total
    $0 + $391,710 related

  • Catherine Rodriguez

    PRESIDENT

    Total calculated
    $294,539
    From this org
    $0
    From related orgs
    $245,060
    Other
    $49,479
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,549 related
    Bonus
    $0 + $32,511 related
    Other
    $0
    Deferred
    $0 + $19,564 related
    Nontaxable benefits
    $0 + $29,915 related
    Filer's total
    $0 + $294,539 related

  • Virginia W Mara

    SECRETARY

    Total calculated
    $197,840
    From this org
    $0
    From related orgs
    $158,413
    Other
    $39,427
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,777 related
    Bonus
    $0 + $10,636 related
    Other
    $0
    Deferred
    $0 + $11,248 related
    Nontaxable benefits
    $0 + $28,179 related
    Filer's total
    $0 + $197,840 related

  • Clark L Ziegler

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael Solomon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nancy Wagner-Hislip

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Fred Dodson Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jesse Elton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adrian Ruiz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nick Mitchell-Bennett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Van Brunt

    BOARD MEMBER (LEFT IN 2022)

    Total calculated
    $0
    Hours/week
    1

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
ALL SALARIES ARE PAID BY RELATED ORGANIZATION THE HOUSING PARTNERSHIP NETWORK, INC. THEY USE THE QUATT STUDY: THIS IS A REVIEW OF THE OVERALL COMPETITIVENESS AND STRUCTURE OF THE HOUSING PARTNERSHIP NETWORK'S EXECUTIVE COMPENSATION PROGRAM.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 July 2023
IRS schema version
2022v5.0
Source object
202312019349301316

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.