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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


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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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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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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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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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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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.


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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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


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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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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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


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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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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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

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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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MAKING HOME POSSIBLE - Home - MHPartners...Dec 31, 2019 · MHP’s portfolio. MHP now provides...

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