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← HERITAGE HOUSING PARTNERS CORPORATION

Form 990 for tax year 2023

Filed by HERITAGE HOUSING PARTNERS CORPORATION.

Totals

Total revenue
$673,563
Total expenses
$924,834
Contributions and grants received
$0
Grants paid
$15,409
Program service revenue
$813,959
Investment income
-$213,146
Other revenue
$72,750
Total assets, end of year
$11,334,376
Total liabilities, end of year
$3,782,185
Net assets or fund balances, end of year
$7,552,191
Program services expenses (Part IX)
$849,748
Management and general expenses
$75,086
Fundraising expenses
$0
Program service expenses (Part III)
$849,748

Program services were 91.9% 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 $471,049 · related or exempt $471,049

  • 2b · Program service revenue: MANAGEMENT FEES

    total $183,872 · related or exempt $183,872

  • 2c · Program service revenue: NOTES RECEIVABLE INTEREST INCOME

    total $103,762 · related or exempt $103,762

  • 2d · Program service revenue: PARTNERSHIP FEES

    total $55,276 · related or exempt $55,276

  • 3 · Investment income

    total $46,038 · excluded $46,038

  • 7a · Gross sales of assets other than inventory

    securities $352,507 · other assets $329,010

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

    securities $390,321 · other assets $550,380

  • 7c · Gain or loss

    securities -$37,814 · other assets -$221,370

  • 7d · Net gain or loss

    total -$259,184 · related or exempt -$221,370 · excluded -$37,814

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $72,750 · related or exempt $72,750

  • 11e · Other revenue, total

    $72,750

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,911 · program services $13,911

  • 2 · Grants to domestic individuals

    total $1,498 · program services $1,498

  • 5 · Compensation of officers, directors and key employees

    total $98,167 · program services $98,167

  • 7 · Other salaries and wages

    total $168,582 · program services $148,918 · management and general $19,664

  • 9 · Other employee benefits

    total $6,980 · program services $6,980

  • 10 · Payroll taxes

    total $23,071 · program services $23,071

  • 11b · Fees: legal

    total $3,320 · program services $3,320

  • 11c · Fees: accounting

    total $16,050 · management and general $16,050

  • 11g · Fees: other

    total $39,372 · management and general $39,372

  • 12 · Advertising and promotion

    total $100 · program services $100

  • 13 · Office expenses

    total $38,092 · program services $38,092

  • 16 · Occupancy

    total $337,177 · program services $337,177

  • 17 · Travel

    total $135 · program services $135

  • 22 · Depreciation, depletion and amortization

    total $116,478 · program services $116,478

  • 23 · Insurance

    total $6,787 · program services $6,787

  • 24a · Other expenses: RESIDENT INITIATIVE

    total $36,019 · program services $36,019

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $5,025 · program services $5,025

  • 24e · All other expenses

    total $14,070 · program services $14,070

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $84,926 · end of year $201,366

  • 2 · Savings and temporary cash investments

    beginning of year $170,395 · end of year $167,809

  • 4 · Accounts receivable

    beginning of year $184,949 · end of year $194,994

  • 7 · Other notes and loans receivable

    beginning of year $2,864,425 · end of year $2,973,753

  • 9 · Prepaid expenses and deferred charges

    beginning of year $58,795 · end of year $53,332

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

    $5,858,477

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

    $654,587

  • 10c · Land, buildings and equipment, net

    beginning of year $5,829,771 · end of year $5,203,890

  • 11 · Investments: publicly traded securities

    beginning of year $1,387,445 · end of year $1,505,786

  • 13 · Investments: program-related

    beginning of year $939,750 · end of year $939,731

  • 15 · Other assets

    beginning of year $115,329 · end of year $93,715

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,211 · end of year $64,224

  • 19 · Deferred revenue

    beginning of year $8,980 · end of year $2,266

  • 21 · Escrow or custodial account liability

    beginning of year $40,448 · end of year $42,797

  • 23 · Secured mortgages and notes payable

    beginning of year $3,798,740 · end of year $3,640,162

  • 25 · Other liabilities

    beginning of year $44,050 · end of year $32,736

  • 27 · Net assets without donor restrictions

    beginning of year $7,685,356 · end of year $7,552,191

Mission and programs · 2023

Mission

TO BE THE PREMIER NON-PROFIT AGENCY IN HOWARD COUNTY PROVIDING SAFE, HIGH QUALITY, AFFORDABLE RENTAL HOUSING TO LOW AND MODERATE-INCOME FAMILIES, INDIVIDUALS, SENIOR CITIZENS, AND FOR THOSE WHO ARE PHYSICALLY AND MENTALLY CHALLENGED. TO WORK IN PARTNERSHIP TO DEVELOP HOMEOWNER OPPORTUNITIES FOR LOW AND MODERATE-INCOME INDIVIDUALS AND FAMILIES IN SUPPORT OF EDUCATIONAL PROGRAMS FOR THE BETTERMENT OF LOW AND MODERATE-INCOME CHILDREN AND ADULTS IN THE COUNTY.

Activities or mission (Part I)

TO PROVIDE SAFE, HIGH QUALITY, AFFORDABLE RENTAL HOUSING TO LOW AND MODERATE-INCOME FAMILIES.

  • THE ORGANIZATION IS A NONPROFIT ORGANIZATION FORMED FOR THE PURPOSE OF ACQUIRING, REHABILITATING, OPERATING, MAINTAINING, AND MANAGING LOW- AND MODERATE-INCOME HOUSING PROJECTS. THE ORGANIZATION OWNS AND OR MANAGES OVER 250 UNITS IN HOWARD COUNTY AND BALTIMORE CITY. WITH THE MERGER OF HHP AND PRF, HHP NOW OWNS THE TWO PROPERTIES AND LAND ON N CHATHAM RD AND EQUITY SHARES IN NUMEROUS PROPERTIES IN THE COUNTY.

    Expenses $466,586 · Grants $15,409 · Revenue $260,915

  • THE ORGNIZATION OWNS A 16-UNIT RENTAL PROPERTY, OAKLAND PLACE, THAT PROVIDES AFFORDABLE HOUSING.

    Expenses $383,162 · Revenue $404,424

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

Listed in Part VII

  • Shaun Eddy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Edward Plitt III

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Heather Swan

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Julia Mattis

    TREASURER UNTIL 6/23

    Total calculated
    $0
    Hours/week
    0.5

  • Mary Calder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Lori Clemons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Claude De Vastey Jones Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Sherman Howell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Sekou Murphy

    BOARD MEMBER UNTIL 6/23

    Total calculated
    $0
    Hours/week
    0.5

  • Vipin Sahijwani

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Charles Stokes III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Grace Morris

    EXECUTIVE DIRECTOR

    Total calculated
    $98,167
    From this org
    $97,787
    From related orgs
    $0
    Other
    $380
    Hours/week
    32.5 + 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.

Grants 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.

  • SHALOM SQUARE INC

    501(C)(3) · LOW INCOME HOUSING · MD · controlled entity

    Directly controlled by HERITAGE HOUSING PARTNERS CORPORATION

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.

  • OAKLAND HERITAGE LLC

    LOW INCOME HOUSING · MD · income $404,424 · assets $4,357,114

    Directly controlled by HERITAGE HOUSING PARTNERS CORPORATION

Related partnerships

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

  • SHALOM HERITAGE LP

    RELATED · RENTAL REAL ESTATE · MD · 0.05% owned · share of income -$99,475 · share of assets $3,202,502 · general or managing partner

    Directly controlled by SHALOM HERITAGE DEVELOPMENT LLC

Related corporations and trusts

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

  • SHALOM HERITAGE DEVELOPMENT LLC

    C · INVESTMENT · MD · 100% owned · share of income $1 · share of assets -$213,048

    Directly controlled by HERITAGE HOUSING PARTNERS CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403199349312615

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