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Nonprofiteer
← MONTGOMERY HOUSING PARTNERSHIP INC

Form 990 for tax year 2024

Filed by MONTGOMERY HOUSING PARTNERSHIP INC.

Totals

Total revenue
$288,590
Total expenses
$325,116
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$287,607
Investment income
$303
Other revenue
$680
Total assets, end of year
$3,019,330
Total liabilities, end of year
$3,342,582
Net assets or fund balances, end of year
-$323,252
Program services expenses (Part IX)
$314,532
Management and general expenses
$10,584
Fundraising expenses
$0
Program service expenses (Part III)
$314,532

Program services were 96.7% 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.

  • 2a · Program service revenue: RENTAL REVENUE

    total $287,607 · related or exempt $287,607

  • 3 · Investment income

    total $303 · excluded $303

  • 11d · All other revenue

    total $680 · related or exempt $680

  • 11e · Other revenue, total

    $680

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,734 · program services $5,734

  • 9 · Other employee benefits

    total $3,676 · program services $3,676

  • 10 · Payroll taxes

    total $2,653 · program services $2,653

  • 11a · Fees: management

    total $12,478 · program services $12,478

  • 11c · Fees: accounting

    total $1,779 · program services $1,779

  • 11g · Fees: other

    total $10,584 · management and general $10,584

  • 12 · Advertising and promotion

    total $849 · program services $849

  • 13 · Office expenses

    total $62,025 · program services $62,025

  • 16 · Occupancy

    total $12,574 · program services $12,574

  • 20 · Interest

    total $56,353 · program services $56,353

  • 22 · Depreciation, depletion and amortization

    total $81,311 · program services $81,311

  • 23 · Insurance

    total $10,749 · program services $10,749

  • 24a · Other expenses: OPERATING & MAINTENANCE

    total $62,139 · program services $62,139

  • 24b · Other expenses: BAD DEBT

    total $636 · program services $636

  • 24e · All other expenses

    total $1,576 · program services $1,576

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $139,985 · end of year $173,581

  • 4 · Accounts receivable

    beginning of year $9,124 · end of year $4,068

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,943 · end of year $10,140

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

    $3,250,829

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

    $728,651

  • 10c · Land, buildings and equipment, net

    beginning of year $2,563,450 · end of year $2,522,178

  • 14 · Intangible assets

    beginning of year $1,692 · end of year $1,609

  • 15 · Other assets

    beginning of year $334,841 · end of year $307,754

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,932 · end of year $8,534

  • 19 · Deferred revenue

    beginning of year $3,897 · end of year $2,742

  • 21 · Escrow or custodial account liability

    beginning of year $15,558 · end of year $15,115

  • 23 · Secured mortgages and notes payable

    beginning of year $3,169,486 · end of year $3,152,122

  • 24 · Unsecured notes and loans payable

    beginning of year $102,483 · end of year $102,483

  • 25 · Other liabilities

    beginning of year $46,405 · end of year $61,586

  • 27 · Net assets without donor restrictions

    beginning of year -$286,726 · end of year -$323,252

Mission and programs · 2024

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES.

  • TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES.

    Expenses $314,532 · Revenue $288,287

As filed on the 2024 return.

Listed in Part VII

  • BILL CALDWELL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHAD COOLEY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • EUGENE COSTA

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • ROBERT GOLDMAN

    VICE PRESIDENT

    Total calculated
    $380,958
    From this org
    $0
    From related orgs
    $328,767
    Other
    $52,191
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,767 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $13,497 related
    Nontaxable benefits
    $0 + $38,694 related
    Filer's total
    $0 + $380,958 related

  • WILLIAM H HIGHSMITH JR

    ASSISTANT SECRETARY

    Total calculated
    $193,241
    From this org
    $0
    From related orgs
    $177,005
    Other
    $16,236
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,505 related
    Bonus
    $0 + $3,500 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $16,236 related
    Filer's total
    $0 + $193,241 related

  • JENNIFER RUDOLPH

    CFO

    Total calculated
    $218,808
    From this org
    $0
    From related orgs
    $203,941
    Other
    $14,867
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,441 related
    Bonus
    $0 + $3,500 related
    Other
    $0
    Deferred
    $0 + $5,241 related
    Nontaxable benefits
    $0 + $9,626 related
    Filer's total
    $0 + $218,808 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

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

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.

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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349310117

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