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Nonprofiteer
← MONTGOMERY HOUSING PARTNERSHIP INC

Form 990 for tax year 2023

Filed by MONTGOMERY HOUSING PARTNERSHIP INC.

Totals

Total revenue
$2,280,248
Total expenses
$1,804,953
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,222,825
Investment income
$56,492
Other revenue
$931
Total assets, end of year
$6,923,200
Total liabilities, end of year
$3,991,590
Net assets or fund balances, end of year
$2,931,610
Program services expenses (Part IX)
$1,541,547
Management and general expenses
$263,406
Fundraising expenses
$0
Program service expenses (Part III)
$1,541,547

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.

  • 2a · Program service revenue: RENTAL INCOME

    total $2,207,089 · related or exempt $2,207,089

  • 2b · Program service revenue: TENANT CHARGES

    total $11,221 · related or exempt $11,221

  • 2c · Program service revenue: LAUNDRY

    total $3,609 · related or exempt $3,609

  • 2d · Program service revenue: CABLE COMISSION

    total $906 · related or exempt $906

  • 3 · Investment income

    total $13,198 · excluded $13,198

  • 7a · Gross sales of assets other than inventory

    other assets $43,294

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

    other assets $0

  • 7c · Gain or loss

    other assets $43,294

  • 7d · Net gain or loss

    total $43,294 · excluded $43,294

  • 11a · Other revenue: UTILITY REFUND

    total $10 · related or exempt $10

  • 11d · All other revenue

    total $921 · related or exempt $921

  • 11e · Other revenue, total

    $931

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $377,039 · program services $304,829 · management and general $72,210

  • 11b · Fees: legal

    total $2,454 · program services $2,454

  • 11c · Fees: accounting

    total $11,700 · management and general $11,700

  • 11g · Fees: other

    total $37,356 · program services $37,356

  • 12 · Advertising and promotion

    total $7,442 · program services $7,442

  • 13 · Office expenses

    total $3,725 · program services $3,725

  • 14 · Information technology

    total $5,839 · program services $5,839

  • 16 · Occupancy

    total $377,175 · program services $377,175

  • 17 · Travel

    total $1,316 · program services $1,316

  • 20 · Interest

    total $143,116 · program services $143,116

  • 22 · Depreciation, depletion and amortization

    total $291,839 · program services $291,839

  • 23 · Insurance

    total $57,828 · program services $57,828

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $255,585 · program services $255,585

  • 24b · Other expenses: ASSET MANANGEMENT FEES

    total $179,496 · management and general $179,496

  • 24c · Other expenses: BAD DEBTS EXPENSES

    total $20,458 · program services $20,458

  • 24e · All other expenses

    total $32,585 · program services $32,585

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $356,650 · end of year $333,481

  • 4 · Accounts receivable

    beginning of year $139,889 · end of year $82,755

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,522 · end of year $41,643

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

    $11,899,904

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

    $6,296,244

  • 10c · Land, buildings and equipment, net

    beginning of year $5,705,143 · end of year $5,603,660

  • 14 · Intangible assets

    end of year $5,000

  • 15 · Other assets

    beginning of year $585,160 · end of year $856,661

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,377 · end of year $230,974

  • 19 · Deferred revenue

    beginning of year $9,753 · end of year $4,969

  • 21 · Escrow or custodial account liability

    beginning of year $87,482 · end of year $88,949

  • 23 · Secured mortgages and notes payable

    beginning of year $4,091,453 · end of year $3,592,456

  • 25 · Other liabilities

    beginning of year $117,984 · end of year $74,242

  • 27 · Net assets without donor restrictions

    beginning of year $2,456,315 · end of year $2,931,610

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES LOCATED IN MONTGOMERY COUNTY, MARYLAND.

  • PROVIDED 125 UNITS OF AFFORDABLE HOUSING TO LOW-INCOME FAMILIES.

    Expenses $1,541,547 · Revenue $2,223,756

As filed on the 2023 return.

Listed in Part VII

  • Eugene Costa

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Jeanne Segal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jennifer Rudolph

    CFO

    Total calculated
    $197,070
    From this org
    $0
    From related orgs
    $195,895
    Other
    $1,175
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,895 related
    Bonus
    $0 + $3,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,175 related
    Filer's total
    $0 + $197,070 related

  • Robert Goldman

    PRESIDENT

    Total calculated
    $354,037
    From this org
    $0
    From related orgs
    $308,718
    Other
    $45,319
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,718 related
    Bonus
    $0 + $18,000 related
    Other
    $0
    Deferred
    $0 + $12,570 related
    Nontaxable benefits
    $0 + $32,749 related
    Filer's total
    $0 + $354,037 related

  • William Highsmith Jr

    VP OF OPERATIONS

    Total calculated
    $187,346
    From this org
    $0
    From related orgs
    $168,467
    Other
    $18,879
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,467 related
    Bonus
    $0 + $3,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,879 related
    Filer's total
    $0 + $187,346 related

  • Martina Gillis-Massey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 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.

  • 515 THAYER LLC

    AFFORDABLE HOUSING · MD

  • BEALL'S GRANT APARTMENTS LLC

    AFFORDABLE HOUSING · MD

  • BLAIR PARK APARTMENTS LP

    AFFORDABLE HOUSING · MD · 100% owned · share of assets $4,055,484

    Directly controlled by MHP BLAIR PARK APARTMENTS INC

  • GREAT HOPE HOMES 2001 LP

    AFFORDABLE HOUSING · MD · 100% owned · share of assets $7,876,063

    Directly controlled by MONTGOMERY HOUSING PARTNERSHIP INC

  • GREENWOOD TERRACE APARTMENTS LP

    AFFORDABLE HOUSING · MD

  • MHP COLONNADE LLC

    AFFORDABLE HOUSING · MD

  • MHP EDINBURGH HOUSE LP

    AFFORDABLE HOUSING · MD

  • MHP FOREST GLEN 4 LP

    AFFORDABLE HOUSING · MD · 100% owned

    Directly controlled by MHP FOREST GLEN 4 GP LLC

  • MHP FOREST GLEN 9 LP

    AFFORDABLE HOUSING · MD · 100% owned

    Directly controlled by MHP FOREST GLEN 9 GP LLC

  • MHP HALPINE HAMLET LP

    AFFORDABLE HOUSING · MD

  • MHP MAPLE TOWERS LLC

    AFFORDABLE HOUSING · MD

  • MHP PARKVIEW MANOR LLC

    AFFORDABLE HOUSING · MD

  • MHP PARKVIEW TOWERS LP

    AFFORDABLE HOUSING · MD

  • MHP TPP LLC

    AFFORDABLE HOUSING · MD · 100% owned · share of assets $9,280,379

    Directly controlled by MHP TAKOMA INC

  • PEMBRIDGE SQUARE APARTMENTS LP

    AFFORDABLE HOUSING · MD

  • ROLLINGWOOD VENTURE LP

    AFFORDABLE HOUSING · MD · 100% owned

    Directly controlled by MHP ROLLINGWOOD GP LLC

  • ROLLINGWOOD VENTURE II LP

    AFFORDABLE HOUSING · MD · 100% owned

    Directly controlled by MHP RW APARTMENTS GP LLC

  • SILVER SPRING LIBRARY RESIDENCES LP

    AFFORDABLE HOUSING · MD

  • MHP WW APARTMENTS LLC

    AFFORDABLE HOUSING · MD

  • MHP NORTH FREDERICK OWNER LLC

    AFFORDABLE HOUSING · MD

Related corporations and trusts

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

  • 515 THAYER MM LLC

    C · INVESTMENT IN PARTNERSHIP · MD

  • BGA MM LLC

    C · INVESTMENT IN PARTNERSHIP · MD

  • MHP ART LLC

    C · INVESTMENT IN PARTNERSHIP · MD

  • MHP BLAIR PARK APARTMENTS INC

    C · INVESTMENT IN PARTNERSHIP · MD

  • MHP COLONNADE MM LLC

    C · INVESTMENT IN PARTNERSHIP · MD

  • MHP EDH INC

    C · INVESTMENT IN PARTNERSHIP · MD

  • MHP GREENWOOD TERRACE INC

    C · INVESTMENT IN PARTNERSHIP · MD

  • MHP HALPINE INC

    C · INVESTMENT IN PARTNERSHIP · MD

  • MHP MAPLE TOWERS INC

    C · INVESTMENT IN PARTNERSHIP · MD

  • MHP PARKVIEW TOWERS INC

    C · INVESTMENT IN PARTNERSHIP · MD

  • MHP PEMBRIDGE INC

    C · INVESTMENT IN PARTNERSHIP · MD

  • MHP SSLR INC

    C · INVESTMENT IN PARTNERSHIP · MD

  • MHP TAKOMA INC

    C · INVESTMENT IN PARTNERSHIP · MD

  • WORTHINGTON WOODS MM LLC

    C · INVESTMENT IN PARTNERSHIP · MD

  • MHP FOREST GLEN 4 GP LLC

    C · INVESTMENT IN PARTNERSHIP · MD

  • MHP FOREST GLEN 9 GP LLC

    C · INVESTMENT IN PARTNERSHIP · MD

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443209349301644

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