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MAKING HOME POSSIBLECelebrating 30 Years 1989 – 2019Montgomery Housing Partnership | Annual Report 2019
HOUSING PEOPLE • EMPOWERING FAMILIES • STRENGTHENING NEIGHBORHOODS
John Clarke, Chair Elm Street Development
Lisa Rother, Vice Chair ULI, Washington
Joseph Dennis, Treasurer Sandy Spring Bank
Emmanuel Jean-Philippe, Secretary Arcola Elementary School
William Caldwell EDENS
Robert A. Goldman, Esq. President
Mark Meier Chief Financial Officer
Eva Dillon Director of Advancement
Chris Gillis Director of Policy and Neighborhood Development
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TABLE OF CONTENTS
President/Board Chair Letter
Meet Our Residents
Accomplishments and Awards
Housing People
Empowering Families
Strengthening Neighborhoods
Many Thanks to Our Donors
Summary of Combined Financial Reports
Gene Costa ICF
Sara Daines Community Volunteer
Madiaw Diop Community Volunteer
Lucile Freeman Community Volunteer
Helene Goldberg Community Volunteer
Patricia Harris Lerch, Early & Brewer, Chtd.
Arminda Lima-Williams Community Volunteer
Jeanne Segal McClatchy
Wayne Sherwood Community Volunteer
Jill E. Goodrich Vice President, Operations
Artie Harris Vice President, Real Estate Development
Sulema Middleton Stewart Vice President, Community Life Programs
BOARD OF DIRECTORS SENIOR MANAGEMENT
(Board and Staff as of December 31, 2019)
DEAR FRIENDS:
We are excited to share stories and accomplishments achieved in an important milestone year — 2019 marked 30 years of MHP responding to the needs of the community by housing people, empowering families and strengthening neighborhoods.
A hallmark of our 30th year has been expansion and improvement. On the pages of this annual report, you
will see examples of how MHP is providing more high-quality affordable homes than ever, expanding into
the District of Columbia and bringing beautiful upgrades to Parkview Manor in Hyattsville. With the guidance
of our educational staff, our students are expanding their horizons too, exploring science, music, art, and
technology. As our communities grow and change, we are working hard to ensure that whatever the future
brings, our neighborhoods will remain resilient places of stability and opportunity.
In the end, it all comes back to this: home is both an important place and an important idea. As we write
this, we face many challenges as a community and as a nation. The concept of home – a place of safety, love,
opportunity, inclusion, and acceptance -- is more important than ever, to every one of us. Thank you for your
faithful support. Because of you, MHP can continue making home possible for thousands of our neighbors.
With deep gratitude,
FROM THE PRESIDENT AND BOARD CHAIR
Robert A. GoldmanMHP President
John ClarkeMHP Board Chair
MAKING HOME POSSIBLE
Health Care/Social Svc
Other
Leisure &Hospitality
Retail
Transport/Warehouse
Self-Employed/Contractor
Professional/Business Svcs
Local/State/ Fed GovtConstruction
Education
15%
17%
13%12%
11%
9%
8%
6%5%
4%
OCCUPATION
African-American
Latino White Other Asian-American
1261 637 115 92 47
RACE/ETHNICITY
ADULTS
SENIORS
CHILDREN
58%
13%
29%
AGES
Joint withchildren
Joint withno children
Single maleno children
Single malew/children
Single female,no children
Single female,w/children
414374 65 477414437
HOUSEHOLD TYPES
MEET OUR RESIDENTS
MAKING HOME POSSIBLE
ACCOMPLISHMENTS AND AWARDS
COMMUNITY LIFE
Provided 459 children with new backpacks through our summer drive for MHP Community Life and resident students
85% of MHP preschool students passed a kindergarten readiness assessment
Students provided over
200 volunteer hours in
the classroom assisting
younger students
Established 3 new partnerships: Gandhi Brigade, Brookside Gardens, and Story Tapestries
REAL ESTATE
Celebrated the acquisition of Worthington Woods Apartments in Southeast DC, adding 394 quality affordable homes to MHP’s portfolio. MHP now provides over 2,100 units of affordable housing in Montgomery County and beyond
Completed the rehabilitation of Parkview Manor Apartments in Hyattsville with a ribbon-cutting ceremony. The property preserves 53 affordable apartments in a walkable community (see story on p. 5)
AWARDS:
2019 Washington Business Journal Best Real Estate Deals – Worthington Woods
2019 Community Development Network of Maryland — Best Community Development Collaboration
Earned the Certified Organization for Resident Engagement & Services (CORES) Certification, which recognizes organizations that have developed a robust commitment, capacity, and competency in providing resident services coordination in affordable rental housing
NEIGHBORHOODS
Hundreds of neighbors celebrated Long Branch Week of festivals in Silver Spring, introducing this vibrant, multicultural neighborhood to lots of new fans (see story on p. 9)
Launched the “Happy, Healthy Homes” initiative which MHP distributed welcome bags filled with resources to all MHP residents, on saving energy and reducing out-of-pocket expenses to more than 1,700 households
NeighborWorks Week summer celebration at Great Hope Homes provided community-building, food, crafts, and activities, attracting 75 residents
Glenville Road Fall Festival attracted 100 residents for food, fun activities, and access to health resources
MHP’s Apartment Assistance Program provided help and resources to 31 small apartment building owners through information sharing and six seminars
Served as co-chair on the Purple Line Corridor Coalition’s Housing Action Team, which released its Housing Action Plan to preserve affordable housing along the corridor (see story, p. 8)
ADVOCACY
Successfully supported an increase in Montgomery County Housing Initiative Fund (HIF) by $5 million resulting in record funding of $32 million
Successfully advocated for modified restrictions on accessory dwelling units (ADUs), expanding access to affordable housing
With many partners, successfully advocated to end Metro’s turnback policy, which limited the number of trains serving communities beyond the Silver Spring station
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MAKING HOME POSSIBLE
HOUSING PEOPLE
Ronnie is Vice President of the Worthington Woods
Tenant Organization. A retired meatcutter, he has
lived the Southeast area of DC for 25 years and at
Worthington Woods for five years.
“Since I’ve been around a long time, I’ve seen a lot of
the changes happening in other parts of the city and
in neighborhoods nearby,” Ronnie says. “Most times,
when we hear the word ‘development,’ folks like me
Ronnie Jamison: A Sense of Empowerment at Worthington Woods
Ronnie Jamison, a resident of Worthington Woods Apartments, MHP’s first acquisition in the District of Columbia, says he isn’t sure where Worthington Woods residents would be if MHP had not acquired the property.
get scared because this usually means that we’re
going to get pushed out.” He adds, “It is especially
frightening for a senior on a fixed income.”
Ronnie says he was excited to join forces with MHP
as the new owner of the property. The acquisition
process prompted the formation of a residents
association, which is actively involved in planning
to bring updates and upgrades to Worthington
Woods. “We began to advocate as a group bringing
developers, city services, businesses, and neighbors
together to create solutions,” Ronnie notes.
He says residents were reassured by MHP’s 30 years
of affordable housing experience. “Rather than
come in with their plan, they listened first to what
we wanted in order to learn about our vision for the
neighborhood,” Ronnie says, proudly adding, “I have
been part of a transformation. Right before my eyes,
I saw a neighborhood in transition with many feeling
forced out become a place where everyone who wants
to, can remain.”
He points to resident involvement as a crucial
factor. “We gained a sense of empowerment, an
empowerment that our children have watched and
has taught them to work hard to create the change
they desire in life.” Among the anticipated changes
at Worthington Woods is a new community center.
“We wanted places where children, teens as well as us
seniors could gather.”
I have been part of a transformation.
Right before my eyes, I saw a
neighborhood in transition with many
feeling forced out become a place where
everyone who wants to, can remain.
We wanted places where
children, teens, as well as us
seniors, could gather.
Ronnie plans to remain actively involved in the
residents’ association, providing a voice for residents
as Worthington Woods moves into a new era with
more amenities and services for residents, including
installation of solar panels to save on utility costs and
development of on-site outreach and enrichment
programs, a first at Worthington Woods.
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MAKING HOME POSSIBLE
The renovation of the 53-unit property includes all new
systems: roof, electrical wiring, domestic water lines and
sanitary stacks, HVAC units, windows, new kitchens and
bathrooms. MHP will be offering community-building
programs at Parkview Manor, such as financial literacy
classes, movie nights, and enrichment programs to
enhance residents’ quality of life.
At a ribbon-cutting ceremony to mark the completion
of the project, Maryland Delegate Alonzo Washington
Parkview Manor Is Revitalized
praised the renovation and the planned community
programming, citing his own upbringing in public
housing. “I wouldn’t be here today” without similar
opportunities offered in his neighborhood growing
up, he said. Long-time Parkview Manor resident
Robert Garren welcomed the extensive renovations,
and noted the complex is in an established residential
neighborhood within walking distance of several parks
and playgrounds.
The grounds immediately outside the property also
received an upgrade. An artist was commissioned to
create unique sculptures in the courtyard, providing a
unifying effect and connecting it aesthetically with the
nearby Hyattsville arts and business district, an area that
is experiencing commercial growth.
Thanks to a transforming renovation of Parkview Manor Apartments in Hyattsville, residents now are enjoying living in a modern environment in a walkable neighborhood, with easy access to amenities and green spaces. The apartment complex is MHP’s first development in Prince George’s County, and is in an area that is seeing increasing development and community investment.
Investing in communities like this
helps people like me be successful.
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MAKING HOME POSSIBLE
EMPOWERING FAMILIES
Finding a New Path: Monique
Monique grew up at MHP’s Great Hope Homes and
still lives there. Originally, she wanted to be a fashion
designer and study art. As a young student, she would
sit in her math class wondering when she would
ever need math in her future. That all changed when
Monique got involved with MHP’s Community Life
programs at Great Hope Homes.
For 14 years. Monique has been volunteering and
working for MHP in the Play & Learn, Homework Club,
and Summer student enrichment programs. Working
with the children in the programs eventually prompted
Monique to recognize that she was a teacher at heart
and set her sights on becoming an educator. As she
was teaching the children, she says she was learning
from them as well. “Working with children taught me
patience and understanding,” she said. “Sometimes kids
are going to do things that can get to you but being
understanding and having patience will help you reflect
why a child is behaving a certain way and you will be
able to provide the best help.”
In addition to the reading, writing, and math lessons
she taught, Monique made sure to instill life lessons
too: “Always keep trying. Never give up even though
you may start slow in life,” and, “Always set goals. If
you want something, you can do it no matter how long
it takes you.”
These lessons proved true with one child who struggled
with dyslexia and could not write her name correctly.
Monique loved seeing the child’s confidence grow
during the school season as they worked together.
Monique Fant has been on a journey of self-discovery, and she credits her experiences with MHP in guiding her.
Always keep trying. Never give
up even though you may start
slow in life.
Always set goals. If you want
something, you can do it no
matter how long it takes you.
Without her MHP experience, Monique would not have
set her goal to become a teacher. She is attending
Bowie State University and will graduate December
2020 with dual degrees in Early Childhood Education
and Special Education. She is grateful to MHP for the
experiences that have defined her career path.
“If it wasn’t for MHP, I definitely would not have wanted to be a teacher. My whole path was on fashion and art. Teaching was not on my mind. I want to thank MHP for the opportunity to work with kids.”
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MAKING HOME POSSIBLE
Bigger Dreams: Nancy Cabrera
A crucial goal of MHP’s resident programs is to inspire
our students to aspire, dream big dreams and reach
for new possibilities. A great example of that is
resident Nancy Cabrera, a student at John F. Kennedy
High School in Wheaton. Nancy has been participating
in MHP preschool and afterschool programs since
she was a little girl. “MHP has been a big part of my
growing up years,” she says.
She is grateful to have grown up in MHP’s Greenwood
Terrace Apartments with her mom and her sister
and brother. “It’s a great community that provides
a welcoming and safe environment for families like
mine.”
She was thrilled to find out MHP’s afterschool
programs had expanded to include an offering for
middle schoolers called Future Leaders of the World,
or FLOW. “Being part of MHP’s programs has helped
me discover new things about myself,” she observes.
In the FLOW program, “We created journals and wrote
about how we think we would like to see ourselves 15
years from now, which really helped me reflect and
inspired my creativity.” Nancy also took a lead role
in creating a cheerful mural to decorate the FLOW
meeting space.
Perhaps the activity with the biggest impact on Nancy
was a FLOW field trip to the University of Maryland
College Park. Nancy says she envisioned entering the
workforce once she finished high school. The field trip
changed that, making her realize she wanted to go to
college. “On the trip to College Park, I said to myself, ‘I
can go higher. I can do this!’”
I said to myself, ‘I can go
higher. I can do this! ’
Her ambition is to become a crime scene investigator.
She hopes to enter the Health Professions Academy
at Kennedy High School when she is eligible, a health-
oriented training program. “I think that training will be
helpful no matter what career path I take,” she says.
To Nancy, FLOW has been a source of friendship and
support. “With MHP’s programs, I have been able
to try out many things. I also have made very good
friends, from many different schools. ”She hopes MHP
will be able to expand the middle-school programs
it offers so “more kids like me can get a chance to
find new ways to express themselves, to get to know
themselves better, and to visit colleges and dream
bigger dreams, just like the ones I have!”
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MAKING HOME POSSIBLE
STRENGTHENING NEIGHBORHOODS
MHP is playing a central role in preserving affordable housing along
the Purple Line light rail corridor. MHP is an active member of the
Purple Line Corridor Coalition (PLCC). The organization is committed
to preserving the affordability of 17,000 homes along the Purple Line
light rail corridor in Montgomery and Prince George’s counties. MHP
took a lead role in developing an action plan working with stakeholders
and community partners. The Coalition’s Housing Action Plan offers
recommendations to build on existing policies and programs aimed at
ensuring individuals and families of all income levels benefit from the
16-mile Purple Line upon its completion.
“The time to act is now,” says MHP President Robert Goldman. He
told WAMU-FM, “It will be a big loss if we build the Purple Line
and the folks who live there now can’t find a way to stay.” With
construction of the transit line already underway, the plan calls for
elected and government officials, nonprofits and private sector
leaders to start implementing some of its recommendations now.
Resident-Centered Programs Earn Recognition
MHP is proud to have
earned a new national
certification that
recognizes and
validates the positive
impact of our resident-centered
programs, including Community
Life enrichment programming.
MHP is now a Certified
Organization for Resident
Engagement & Services
(CORES) entity.
CORES certification is given to
organizations that demonstrate
a commitment, capacity, and
competency in providing
resident services coordination
in affordable rental homes. The
program is administered by
Stewards of Affordable Housing
for the Future.
Purple Line Affordable Housing Needs
The plan recommends:
• Seeking additional state
funding and public/
private investment
• Exploring innovative
zoning programs and
strategic development
of surplus land
• Establishing tax and loan
programs and incentives
geared toward affordable
housing development, renovation and preservation
• Developing tenant protections and pathways to
ownership and
• Increasing funding for local housing trust funds
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MHP collaborated with the Connecticut Avenue Estates Civic Association and area neighbors to install a gateway sign that welcomes people to the neighborhood.
MAKING HOME POSSIBLE
MHP helps strengthen neighborhoods through
community-building events. To celebrate the holiday
season, friends and neighbors in the Long Branch
neighborhood gathered for “S’mores & More” in
partnership with Montgomery Parks. The event
included a food drive to benefit Manna Food Center.
Long Branch Festival Week was an exciting series of
fall celebrations, featuring music, food, dancing, and
demonstrations. The festivals attracted hundreds of
people, solidifying a sense of community and helping
visitors discover this vibrant neighborhood. Thanks
to Montgomery Parks, Montgomery Planning and
the Long Branch Business League for supporting
the activities, which gave a boost to local businesses
affected by the Purple Line construction project.
Long Branch Festival Hometown Holiday Festivities
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MAKING HOME POSSIBLE
MANY THANKS TO OUR 2019 DONORS
FOUNDATION
Bozzuto GroupHelene GoldbergJeffrey Z. Slavin
Leon W. AndrisEugene CostaElm Street DevelopmentPam HoldenNegril Jamaican EateryGene and Lauren SachsLarry and Sulema Stewart
Cynthia M. BarVictoria BellGary & Elise BowmanMimi Brodsky KressJames A. and Marian F. BrodskyBuilding Consultants, Inc.William and Anja CaldwellChevy Chase Land CompanyJohn & Bonnie ClarkeTom DaileyRobert and Eva DillonDaniel Ehrenberg and
Ellen JacobsonLucy Freeman
STEPPING STONE
CIRCLE Patty FriedmanMark and Suzanne FriisWendy FroshKenneth FullerThomas and Angela GallasNick GiannottiMichael GinsbergSteve GriffinSam GudeDon and Ann HagueArtie Harris and Susy ChestonPatricia HarrisNancy HollandRhonda Cunningham Holmes
and Ira HolmesRobert HootenChuck and Debora Irish
Mark and Barbara JonesRebecca D. JonesStephen Z. KaufmanKaufman Fund for EducationPhyllis and Ira LiebermanSheila Maith and
David DouglassWilliams and Laurel MartinMcCormick PaintsMiner Feinstein Architects, LLCMark and Linda MorelockMushinsky Voelzke
Associates/MV+ACharles NulsenS. Bruce PascalCarl PollardKen Rehfuss
($10,000+ Annually) ($1,000 - $4,999 Annually)
($5,000 - $9,999 Annually)
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The Circle of Builders is a giving society made up of donors who make a multi-year commitment
to support MHP in its mission to help low-income families attain their next level of stability
Stephen E. Richter Carol Schatz and
David Rodgers Trini Rodriguez Dusty RoodLogan SchutzJeanne SegalStacy Plotkin Silber Mark & Kate Simon John and Mary Slidell Soltesz The Traffic Group Alex VasquezZach & Christy Wade David Wagner
CIRCLE OF BUILDERS
MAKING HOME POSSIBLE
E*Trade FinancialKaiser PermanenteMontgomery CountyNeighborWorks AmericaDepartment of Housing &Community Development
Many Thanks to Our 2019 Donors: Individuals, Corporations, Organizations, Governments, and Foundations
Capital One BankCohnReznickEnterprise Community PartnersEugene & Agnes E. MeyerFoundationHelene GoldbergKeker Family FoundationMorris & Gwendolyn CafritzFoundationWells Fargo
BB&TTD Charitable Foundation
Charles W & Deborah J ClarkMark & Judy Pollock, in honorof Helene GoldbergResidential One
DONORS
($75,000+)
($30,000 – $74,999)
($15,000 – $29,999) ($1,000 – $4,999)
($10,000 – $14,999)
($5,000 – $9,999)
DIAMOND
PLATINUM
GOLD PARTNERS
SILVER
BRONZE
JBG SmithPatricia LarrabeeCarol Potter LightfootMaryland National Capital Park& Planning CommissionPettit Family FoundationBetsy & Joe SamuelSharing Montgomery FundWayne H. SherwoodMark & Kate Simon
Jean Alexander, in memory of Rev. D. Bruce Harrison
Margaret AllenSavena AllenArc Developers, Inc.Stephen & Shari AshmanBallard Spahr, LLPGary & Elise BowmanElaine BullingtonDavid & Marilyn Carp, in honor of
Scott Shoreman & Elizabeth CarpSara Daines & William EwingEmma & Raymond DomineyMohamed El-KhawasValerie ErvinCatherine & Bret GatesDaniel GellerGerry & Kristen GrayHarold & Rose Kramer FundJudith HerrHouse of Musical Traditions/UnNaugural ConcertPeter KovarDavid KyddLaw Offices of Stein SperlingBennett De Jong Driscoll PCLerch Early & BrewerBarbara & David MarblestoneBarbara McConagha
Meltzer Group EmployeeGiving FundNatelli CommunitiesncbCurtis SupleeWendi SwidlerCaroline TouchtonUnited Way of the NationalCapital AreaTracey UrbanWheaton Silver Spring KiwanisFoundation, Inc.Wheaton-Kensington Chamber of
Commerce
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MAKING HOME POSSIBLE
Alexis Abbey BarbalaceEd AbbottBruce T. Adams &
Margaret EngelAnthony AlbrechtNancy Sherwood &
Roger AldridgeDonald AllenJohn & Pamela AllenElise AmbroseAmerica’s CharitiesCasey AndersonColleen AndersonEnrique AstizMarjorie AugVivian BacarrezaStephen & Kate BaldwinAlan BanovMargaret F. BareValarie Barr & Roger PadenShannon BarrowSteve BarstowJulia Alene BeallDeborah E. BerkowitzAmanda BernhardtSandor & Florene BernsteinBinyamin Biber, MSWLaurie Allen BilskiElizabeth BizotAllison & Shirley BlakelyBlechman-Morenoff FoundationCarlyle “Andy” A. BlommeRamona BockDorothy P. Boerner
Jim & Jennifer BognetCharles BoltonRebecca R. BondIda BostianSally BourrieDonna BoxerSimon BoylenDorothy BrownBrooks BrowneA. Lynne Kellert BryantBarbara C. BullDorey ButterMeredith ByerGuy Jeff Campbell
Capital BankStuart CarlowLoraine W CarlsonScott & Alexis CarmerYvonne & Doug CarneyGregory & Jennifer CarrFrancoise CarrierSarah CatoJean CavanaughSandra CaveLois ChalmersEdward ChanNancy C. ChangJessica Chapman
Hally ChildsHeather ChinnNkechi ChukwuekeHolly CiceroGladys ClearwatersEileen CleggVirginia CohenLoretta CollinsMatthew CollinsCommunity Development
Network of MarylandCommunity Housing CapitalBarbara CondosJulie Crater
Gil and Louise CrawfordCharles & Jeanie CronerDora CrouseSiobhan DavenportBeatriz M. del CastilloIan DeWaalMadiaw DiopBrian & Barbara DitzlerHubert Dixon, IIIMaureen DonnellyJulie DrizinCharles DulaneyStephen & Frances DurakoMichael DutkaDeborah DwyerEdens Limited PartnershipRobert L EisingerVictoria ElliottMarc ElrichCarla EvansMargaret EverhartRobert FaganCynthia Sack FalkePam FeinsteinJames & Gwyn FieldsPatrick FlahertyKathleen H FlynnGianpiero ForcinaWilliam & Nancy FosterLucy FreemanSheryl FreemanStephen FreinStacey Lynn FriedlanderFlorence Fultz
(UP TO $999)
FRIENDS
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MAKING HOME POSSIBLE
Susan FurrKit Gage & Steven MetalitzCharles M. GebbertHarold & Susan GeiselEarl R. GeldonStephen GiddingsJohn L GilbertMartina Gillis-MasseyChris GillisMaria E. GodbeyRichard & Paula GoldbergMike GoodmanJill GoodrichShefa GordonScott GrahamHelen GrayCharles GreenbergAnnie GreenblumSandra & Howard GreerAlex GrossJoAnne GrowneyRosa GwinnDon & Michelle HainbachJohan HammerstromLangdon HampleGreta HandoCarol HannafordJames & Patricia HastingsJennie HawkinsJill HayesDeborah HelfeldMary HenryMaureen HessDouglas & Karen HillmerWilliam Himwich
Jessica Hirschhorn & Henry Howard, Jr.
Jeffrey HodgesFerdinand HoefnerTara HoganAlbert HottonDonna HubbardSat Jiwan “SJ” Ikle-KhalsaHarry Andrews Jr & Cora IngrimKaren IrwinPaula WalkerAlex JacobyChiara JaffeNancy JardiniPatrick JaspersePeter JasziKirsten Johnson-ObeyCarol JohnsonCynthia Farrell JohnsonElisa K. Poole JohnsonKevin JohnsonEvelyn JoyBrad KaneClifford & Barbara KarchmerJeff KaufmanJohn & Zorina KeiserMelissa KirshAileen KleinBarbara KnopfScott D. Q. Knudson,
AIA LEED AP BD+CLinda KolkoWilliam & Ellen KominersBarbara KornrichKatharine Kosin
Barry KrasnerMartha Jacoby KriegerLorin KusminAnthony G. LaBarberaTom LachmanAlemayehu LakewRuth LampiSusan LawrenceKeith LawsonDeborah LaynEllen LazarJune LeeAlan & Agnes LeshnerSusan LevineMark LevittArminda Lima-WilliamsJon LindgrenKathryn LiptonStefan LoBuglioJennifer LockeTim LongfellowJanet LowenthalLillian LuksenburgJoan LunneyRobert MacDougallMacris, Hendricks
& Glascock, PASwanee MaddoxAndrew MaloneElizabeth L MaloneSarah ManchesterEllen MansuetoJoseph Marcus & Alicia SparksLeslie Y. MarksVassilios S Marmaras
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John MarrkandKaren MatthiesenJackie & Alan MayersBill McCloskeySean McCormallyDebra McGowanMelissa McKennaCamilla McRoryAnn Marie MehlertDaniel MeijerElizabeth MelcherSidney MeyersErin MielkeLaurie MielkeFlorence K MillarSusan MilliganMark MillsAlan MinerMayu MishinaJulia Misplon & Anna DurbinDavid Moon & Melinda CoolidgeJudith B. MorenoffAnn Marie MoriartyAnita Morrison
Joan MoyersKenneth & Dolores MuirBarbara MurryJennifer MylesMargit NahraRichard NelsonMargaret NewmanNaomi NimBarbara NorlandMargy NurikStephen OeschSue OkunStanford & Ellen OllendorfJane Hunt OlmsteadDonna OlsenCecilia ParkerKatherine ParmaleeCraig PascalS. Bruce PascalArthur PatersonCheryl PeckenpaughC. Jeannan PetersonAnna PetroneAnna Petrone
MAKING HOME POSSIBLE
Mark PierzchalaPatricia PillsburyLaurence PlattYvonne Playfair-ScottRichard W PollardPhilip PorterRita PosnerBeverly PotterDorothy PratsKimberly PriceArnele QuiamcoNick RadonicCharles RahnBill RainsAnu & Bala RajagopalRareGlo Organic Shea ProductsMitchell Ratner &
Ann-Mari GemmillChristopher RattoLaura ReidyAndy ReillyScott W. ReillyJim ReisnerBrian RennieNancy RhyneSheila RiceDonald B. & Marion O.
RobertsonJohn M. & Patricia RobinsonJoan RodriguezMarietta E. RodriguezLawrence N. RosenblumLisa W. RotherCynthia RubensteinDavid Rubin
Sally Rudney & Scott HoekmanRay & Molly RuskinSandra Kubalak Rev. Living TrustVibha SazawalScheffres Laundry Service, LLCMary Beth SchiffmanPriscilla SchmittJoanne SchwarzJohn I SchweitzerDavid & Nancy ScullJames & Katherine SebastianTara Marie SeeleyBarry E ShapiroJana SharpGeoff SharpeCarl SheaJeffrey SheppardScott Shoreman &
Elizabeth CarpSusan ShuttleworthBena G SiegelJoyce B. SiegelGreg & Lorraine SilsbeeJackie SimonJoshua & Veronica SloanKaren SmithSuzanne SmolkinAmy L SnyderJudy SparrowMilford SprecherSt. Luke Evangelical
Lutheran ChurchRalph & Betsy StephensTali Stopak-MathisMiriam Struck
Caroline SullivanHeidi SweetnamStuart TartNancy TaylorTara D. TaylorJacquelyn TennantFrances TeplitzLaurene ThomasBeth TomaselloAdemar ToroJohn TortiJody Leigh TraceyBang TranEsther TsoDrucilla TylerEmily J. Vaias, Esq.
Linda ValliVIKA, Inc.Jocelin VillegasVine Investment PartnersJoAnn VolkMary S. Von EulerTom & Lucinda WahlSusan WaldCarol WalshJanette WaltersJoseph WeissMichael WhiteElizabeth WieandHelen WilkesTommy WilliamsWilliam Williams
Mary Ann WinterMarcia R. WolfCarrie & Louis WolinetzXavier WongWilliam WrightEmily WurtzXi Delta GammaRivka YerushalmiEleanor ZartmanAnna & Yuri ZelinskyBarbara ZeughauserAlan ZibelMargot ZimmermanMary Ann Zimmerman
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MAKING HOME POSSIBLE
2019 NORMAN CHRISTELLER GOLF CLASSIC SPONSORS
CART SPONSOR Enterprise Community
YOUTH GOLF CLINIC RKR Construction Company, LLC
DINNER SPONSOR JBG Smith
LUNCH SPONSOR C.M. Parker
BEVERAGE SPONSOR TW Perry
COOLING STATION SPONSOR Cresa
GIFT BAG SPONSOR Lime Rock
PROGRAM SPONSOR Sandy Spring Bank
SCORECARD SPONSOR AGM
DRIVING RANGE SPONSOR Macris, Hendricks, and Glascock
PUTTING CONTEST SPONSOR Pettit Family Charitable Foundation
HOLE-IN-ONE SPONSOR Klein Hornig
CLOSEST-TO-PIN CONTEST The Traffic Group
MULLIGAN SPONSOR The Bozzuto Group
HOLE/GREEN SPONSORS Building Consultants Grimm + Parker Law Office of Kenneth B. TeclerMarcum National Housing Insurance Group Oaktree Landscaping, Inc
HOLE/GREEN PACKAGE SPONSORS Ballard Spahr Brown Development Elm Street Development Gables Hooten/CBP John Marshall Bank Miner Feinstein Architects New Columbia Solar Scheffres Laundry VIKA W.C. Smith
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MAKING HOME POSSIBLE
SUMMARY OF COMBINED FINANCIAL REPORTS
MONTGOMERY HOUSING PARTNERSHIP AND AFFILIATESFISCAL YEAR 2019
BALANCE SHEET
ASSETS LIABILITIES and NET ASSETS
Cash and cash equivalents (unrestricted) $ 17,593,737
Cash (restricted) 106,389
Investments, short-term 2,488,275
Accounts receivable 1,365,136
Restricted project reserves 11,449,479
Deposits, escrows and tenants’ security 4,724,152
Prepaid expenses and development in process 4,477,536
Property, equipment, net of $62,846,768 depreciation 222,032,493
Tax credit fees less $337,260 amortization 219,685
TOTAL ASSETS $264,456,882
Accounts payable and accrued expenses $ 2,860,258
Accrued interest payable 3,488,126
Prepaid rents 203,515
Deferred rent revenue 62,013
Tenant security deposits held 1,408,690
Secured notes payable, net of debt issuance costs 222,475,641
Unsecured notes payable, net of debt issuance costs 6,510,405
Total liabilities $237,008,648
Non-controlling interest in partnerships $ 18,953,623
Net assets without donor restrictions 7,390,558
Net assets with donor restrictions 1,104,053
Total net assets $ 8,494,611
TOTAL LIABILITIES AND NET ASSETS $264,456,882
16
MAKING HOME POSSIBLE
EXPENSES
Program services
Properties in management including interest expense of $7,055,271)
$ 31,515,603
Community Life program development and management
1,306,270
Other development/management (including interest expense of $235,077)
2,250,289
Supportive services
Management and general 1,515,418
Fundraising 601,653
TOTAL EXPENSES 37,189,233
Decrease in Unrestricted Net Assets $ (5,311,570)
Grants 250,000
Release of program restrictions (513,410)
Increase in temporarily restricted net assets (263,410)
Decrease in net assets (5,574,980)
Increase in net assets due to excess of expenses over revenue attributable to controlling interest
4,024,752
Acquisition of Controlling Interest –
Transfer of net assets 1,830,121
Transaction costs on controlled interest transfer of asset –
Net assets, beginning of year 8,214,718
Net assets, end of year $8,494,611
STATEMENT OF ACTIVITIES
REVENUES (Unrestricted)
Rental revenues $ 26,764,457
Grants 1,625,386
Cash contributions 841,492
Development fees 1,002,303
Interest and investment income 497,971
Special events 80,130
Forgiveness of debt 115,000
Other income 437,514
Satisfaction of program restrictions 513,410
TOTAL REVENUES $31,877,663
Changes in Net Assets with Donor Restrictions
17
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