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Nonprofiteer
← MONTGOMERY HOUSING PARTNERSHIP INC

Form 990 for tax year 2022

Filed by MONTGOMERY HOUSING PARTNERSHIP INC.

Totals

Total revenue
$3,689,343
Total expenses
$3,973,462
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,638,330
Investment income
$9,030
Other revenue
$41,983
Total assets, end of year
$24,429,195
Total liabilities, end of year
$22,754,152
Net assets or fund balances, end of year
$1,675,043
Program services expenses (Part IX)
$3,644,444
Management and general expenses
$329,018
Fundraising expenses
$0
Program service expenses (Part III)
$3,644,444

Program services were 91.7% 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 INCOME

    total $3,633,110 · related or exempt $3,633,110

  • 2b · Program service revenue: CLEANING FEE

    total $5,220 · related or exempt $5,220

  • 3 · Investment income

    total $9,030 · excluded $9,030

  • 11d · All other revenue

    total $41,983 · related or exempt $41,983

  • 11e · Other revenue, total

    $41,983

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $494,130 · program services $494,130

  • 9 · Other employee benefits

    total $25,303 · program services $25,303

  • 10 · Payroll taxes

    total $36,710 · program services $36,710

  • 11a · Fees: management

    total $113,327 · program services $113,327

  • 11b · Fees: legal

    total $9,203 · program services $9,203

  • 11c · Fees: accounting

    total $42,988 · program services $42,988

  • 11g · Fees: other

    total $348,212 · program services $19,194 · management and general $329,018

  • 12 · Advertising and promotion

    total $10,737 · program services $10,737

  • 13 · Office expenses

    total $93,121 · program services $93,121

  • 16 · Occupancy

    total $290,564 · program services $290,564

  • 20 · Interest

    total $701,327 · program services $701,327

  • 22 · Depreciation, depletion and amortization

    total $645,558 · program services $645,558

  • 23 · Insurance

    total $107,894 · program services $107,894

  • 24a · Other expenses: EQUIP. RENTAL AND MAINT

    total $652,720 · program services $652,720

  • 24b · Other expenses: MISC FINANCIAL EXPENSES

    total $246,401 · program services $246,401

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $133,317 · program services $133,317

  • 24d · Other expenses: OTHER TAXES AND FEES

    total $21,950 · program services $21,950

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,330,091 · end of year $2,181,708

  • 4 · Accounts receivable

    beginning of year $353,235 · end of year $365,778

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,389,591 · end of year $103,596

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

    $23,967,277

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

    $9,685,246

  • 10c · Land, buildings and equipment, net

    beginning of year $14,799,530 · end of year $14,282,031

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $5,340,120 · end of year $7,496,082

  • 17 · Accounts payable and accrued expenses

    beginning of year $116,689 · end of year $123,466

  • 21 · Escrow or custodial account liability

    beginning of year $173,056 · end of year $179,108

  • 23 · Secured mortgages and notes payable

    beginning of year $20,888,391 · end of year $21,504,330

  • 24 · Unsecured notes and loans payable

    beginning of year $942,518 · end of year $831,068

  • 25 · Other liabilities

    beginning of year $132,751 · end of year $116,180

  • 27 · Net assets without donor restrictions

    beginning of year $1,959,162 · end of year $1,675,043

Mission and programs · 2022

Mission

SEE SCHEDULE O

  • PROVIDED 104 SCATTERED SITE HOUSING UNITS AND 134 APARTMENTS TO LOW-INCOME FAMILIES.

    Expenses $3,644,444 · Revenue $3,680,313

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chad Cooley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Eugene Costa

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Jennifer Rudolph

    ASSISTANT TREASURER

    Total calculated
    $132,469
    From this org
    $0
    From related orgs
    $120,253
    Other
    $12,216
    Hours/week
    1 + 39 related

  • Jill Goodrich

    OUTGOING ASSISTANCE SECRETARY

    Total calculated
    $114,200
    From this org
    $0
    From related orgs
    $94,980
    Other
    $19,220
    Hours/week
    1 + 40 related

  • Nancy Holland

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Robert Goldman

    VICE PRESIDENT

    Total calculated
    $341,351
    From this org
    $0
    From related orgs
    $291,957
    Other
    $49,394
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $276,957 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $12,044 related
    Nontaxable benefits
    $0 + $37,350 related
    Filer's total
    $0 + $341,351 related

  • William Hhighsmisth Jr

    ASSISTANCE SECRETARY

    Total calculated
    $98,251
    From this org
    $0
    From related orgs
    $97,259
    Other
    $992
    Hours/week
    1 + 40 related

  • William Harrison

    OUTGOING ASSISTANT TREASURER

    Total calculated
    $81,914
    From this org
    $0
    From related orgs
    $79,610
    Other
    $2,304
    Hours/week
    1 + 39 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

  • GREAT HOPE HOMES 2001 LP

    AFFORDABLE HOUSING · MD

  • 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

  • MHP FOREST GLEN 9 LP

    AFFORDABLE HOUSING · MD

  • 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

  • PEMBRIDGE SQUARE APARTMENTS LP

    AFFORDABLE HOUSING · MD

  • ROLLINGWOOD VENTURE LP

    AFFORDABLE HOUSING · MD

  • ROLLINGWOOD VENTURE II LP

    AFFORDABLE HOUSING · MD

  • SILVER SPRING LIBRARY RESIDENCES LP

    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

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323189349312277

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