THE POWER OF PARTNERSHIPMontgomery Housing Partnership Annual Report 2018

• HOUSING PEOPLE

• EMPOWERING FAMILIES

• STRENGTHENING NEIGHBORHOODS

MHP Annual Report 2018 | 1

Table of Contents

President/Board Chair Letter

Meet Our Residents

Accomplishments and Awards

Housing People

Strengthening Neighborhoods

Empowering Families

Many Thanks to Our 2018 Donors

1

2

4

5

8

6

9

16 Summary of Combined Financial Reports

FROM THE PRESIDENT AND BOARD CHAIR

Dear Friends:

At MHP, perhaps the most crucial word in our name is partnership. We are proud of our many successes

in housing people, empowering families and strengthening neighborhoods. But it is safe to say that few

of those successes would have been possible without our partners.

There are great examples of partnership highlighted in this annual report, from Jenny’s story of

working to open up opportunities for middle-school youth, to Laura Hinton’s story of finding an

affordable place to call home at MHP’s The Bonifant.

Through partnership, we are going farther. The impact of our efforts is expanding. We are achieving

a huge milestone with the acquisition of the Worthington Woods Apartments in Washington, DC,

in partnership with many entities, including the DC government. This acquisition means MHP now is

providing over 2,000 quality, affordable homes to more than 5,000 residents in the area. We have

come a long way from offering a handful of affordable units when MHP was born in 1989. And of

course, we cannot achieve these important milestones without another vital partner – you. Thank

you for your dedicated support of MHP as we prepare to celebrate 30 years of housing people,

empowering families and strengthening neighborhoods.

With gratitude,

Michael SchlegelMHP Board Chair, 2017-18

Robert A. GoldmanMHP President

There is an old saying, of undetermined origin:

“If you want to go fast, go alone. If you want to go far, go together.”

| The Power of Partnership3MHP Annual Report 2018 | 2

MHP Annual Report 2018 | 5| The Power of Partnership4

ACCOMPLISHMENTS AND AWARDS

EMPOWERING FAMILIES

Engaged in new

partnerships,

including Catholic

Charities, Manna

Food Center,

Planned Parenthood,

Girls Scouts,

AmeriGroup, Takoma

Park Recreation

Department

Liberty’s Promise

served 119 MHP

Community Life

students by

involving them in

new experiences,

including college

and career readiness

programming

HOUSING PEOPLE

Provided more than

1,750 safe, affordable

homes to 2,187 adults,

1,262 children, and 517

seniors

Completed

rehabilitation of 31

units of Glenville Road,

including installation

of new kitchens and

bathrooms

Celebrated

rehabilitation of Beall’s

Grant Apartments

in Rockville with a

ribbon-cutting. The

property preserves

more than 50

affordable apartments

STRENGTHENING NEIGHBORHOODS

Long Branch Business

League delegation

attended four-day

NeighborWorks

community leadership

training conference in

Houston

Twenty residents

participated in

Resident Leadership

Training Workshop

series

The Apartment

Assistance Program

relaunched,

connecting landlords

to local contractors

and programs to

help them maintain

and enhance their

properties

PUBLIC POLICY/ADVOCACY

Hosted briefings with

14 candidates running

for County and State

office, and convened

two County Executive

candidate forums

Provided voter

registration information

at all MHP properties

Advocated successfully

for updates to County

requirements to

expand development

of moderately priced

dwelling units (MPDUs)

RECENT AWARDS

2018 Peerless Rockville

Awards for Stewardship

of a Local Resource and

Rehabilitation Project:

Beall’s Grant

2018 Affordable

Housing Conference of

Montgomery County

Architecture Award,

Finalist: Beall’s Grant

Cleydi Pacheco of

MHP’s Community Life

staff, Emerging Leader

of the Year, Housing

Association of Nonprofit

Developers

HOUSING PEOPLE

At Home in The Bonifant

Laura Hinton’s smile can light up a room. She is

smiling a lot these days because she is happy

and content in her home in The Bonifant, MHP’s

apartments for seniors in downtown Silver Spring.

“I love it here!”

Laura spent several decades waitressing at a

popular Silver Spring restaurant. When she got

laid off, she moved into MHP’s Greenwood Terrace

Apartments. While it was a nice place to live, she

had reached a point where she was looking for a

community of people her age.

The Bonifant, a joint public-private project

involving MHP, Montgomery County and several

other partners, seemed like a perfect choice

for her. The new building was so popular that

a lottery system was instituted for potential

residents when it opened. Initially, Laura was

not selected. But eventually, she moved into a

beautiful one-bedroom where she says she loves

getting up in the morning. Laura has a green

thumb and enjoys caring for her plants that fill her

windowsill.

She is happy to be in a central location where she

can walk to shopping and other amenities. Laura is

an involved resident at The Bonifant, taking yoga

classes and serving on the building’s resident social

committee, which plans fun activities.

“You know that good feeling when you really, really wish for something, and then it comes true?” she asks. “That’s how I feel living here.”

MHP Annual Report 2018 | 7| The Power of Partnership6

and physically. “Working with MHP reinforced my

course work. Essentially, I was learning about how

to better serve families, then directly serving them

with MHP,” Jenny said.

“My work at MHP is personal for me.”

After almost two years with MHP, one of Jenny’s

greatest achievements has been developing

and leading the FLOW middle school program.

Jenny already had built relationships with FLOW

students while they were in MHP’s elementary

program (Great Achievers Great Achievers Toward

Outstanding Results, or GATOR). There was a

natural bond as they transferred into FLOW.

She has played a crucial role as MHP expands

efforts to encourage and expose students to career

and academic possibilities, particularly attending

college. The students’ favorite activity so far has

been attending Maryland Day at the University of

Maryland in College Park (see photos at left). The

students wanted to learn more about college, so

Jenny brought them to the University for a first-

hand experience.

“The teens explained to me how they did not see

college as being a part of their future. Some did

not even see themselves graduating from high

school,” Jenny said. “I was excited to show and be

an example to them that it’s possible to go to and

succeed in college, but especially show that there’s

space in college for Latinx students.”

She added, “These words have stuck with me, and I hope to pass this same piece of wisdom to my students as well. I know that they are capable of more than they realize.” Jenny’s plans include pursuing a master’s degree in Youth, Family, and Community Sciences.

Jenny hopes that the students see the potential in

themselves the way that she sees it in them. She

would like for them to keep pushing and doing the

best that they can in school.

“After I graduated from high school, I had a

conversation with my dad where he told me the

best inheritance that he could leave me with

was the opportunity to continue my education,

because education is the great equalizer and it is

something that no one would ever be able to take

away from me.”

EMPOWERING FAMILIES

‘Education Is the Great Equalizer’

When Jenny Mendez-Guerrero listens to students

in MHP’s middle school program, known as

Future Leaders of the World (FLOW), talk about

challenges they are facing at home and at school,

their comments resonate with her.

Jenny is a member of AmeriCorps Project

CHANGE Montgomery, a service program that

places volunteers with a network of nonprofits

and schools to help improve the quality of life for

county residents. AmeriCorps members serve

by tutoring and mentoring disadvantaged youth,

fighting illiteracy, facilitating school group dialogues

on race and ethnicity, and conducting after-school

enrichment programs for students K-12.

“I became an AmeriCorps member because I wanted

to serve immigrant, high needs, low income families

and communities similar to the ones that I personally

grew up in,” said Jenny, who came to the United

States from El Salvador when she was 2. She serves

in MHP’s Community Life programs at Amherst and

Pembridge Square apartments in Wheaton, providing

academic assistance, tutoring, mentoring, and college

and career readiness support.

While serving with AmeriCorps, Jenny completed

undergraduate studies at the University of

Maryland, getting a bachelor’s degree in Family

Science, an interdisciplinary major focused on

how family dynamics, policies, and poverty and

affluence can affect families socially, emotionally,

MHP Annual Report 2018 | 9| The Power of Partnership8

MANY THANKS TO OUR 2018 DONORS

CIRCLE OF BUILDERS

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.

FOUNDATION LEVEL($10,000 + ANNUALLY)

Bozzuto Group

Helene Goldberg, in

memory of Margaret

J. Goldberg

Sanford & Doris Slavin

Foundation

STEPPING STONE LEVEL($5,000 - $9,999

ANNUALLY)

Leon W. Andris

Eugene Costa

Elm Street

Development

Pam Holden

Negril Jamaican Eatery

Gene & Lauren Sachs

Larry & Sulema Stewart

CIRCLE LEVEL($1,000 - $4,999

ANNUALLY)

Kenny Adeleke

Margaret Allen

Anonymous

Associates Plumbing, Inc.

Cynthia M. Bar

Laura & Chip Bay

Victoria Bell

Katherine Boarman

Gary & Elise Bowman

Brian Dorwin/Offit

Kurman PA

Mimi Brodsky Kress

James A. & Marian F.

Brodsky

Building Consultants, Inc.

Sean & Cathi Caldwell

William & Anja

Caldwell

Castle Sprinkler &

Alarm, Inc.

Chevy Chase Land

Company

John & Bonnie Clarke

Tom Dailey

Victoria Davis

Robert & Eva Dillon

Brian Dorwin

Ed & Tina Edmundson

Daniel Ehrenberg

Lucy Freeman

Mark & Suzanne Friis

Wendy Frosh

Thomas & Angela

Gallas

Nick Giannotti

Michael Ginsberg

Helene Goldberg

Robert & Juliette

Goldman

Steve Griffin

Sam Gude

Don & Ann Hague

Artie Harris & Susy

Cheston

Patricia Harris

Rhonda Cunningham

Holmes & Ira Holmes

Robert Hooten

Chuck & Debora Irish

Mark & Barbara Jones

Rebecca D. Jones

Chris Kaufman

Stephen Z. Kaufman

Phyllis & Ira Lieberman

Sheila Maith & David

Douglass

Ruth & Paul

Manchester

Robert Margolis

Keith Martin

Williams & Laurel

Martin

McCormick Paints

Miner Feinstein

Architects, LLC

Mark & Linda Morelock

Mushinsky Voelzke &

Associates/MV+A

Kevin Nolan

Charles Nulsen

S. Bruce Pascal

Pettit Family

Foundation

Joseph J. Plumpe

Jorgen Punda

Ken Rehfuss

Stephen E. Richter

Chris Rivera

Carol Schatz & David

Rodgers

Trini Rodriguez

Dusty Rood

Cindy Sanquist

Kenny Santos

Michael A. Schlegel

Logan Schutz

Gail Scott-Parizer

Jeanne Segal

John Shaffer

Jason Sherman

Stacy Plotkin Silber

Jackie Simon

John & Mary Slidell

Richard & Julie Smith

Soltesz

David Wagner

John & Kristine Warner

Michael A. Wiencek

James & Gina Williams

STRENGTHENING NEIGHBORHOODS

“To me, community means groups of people working together to better the area they live in for the greater good.” – Jason Amboo

JASON’S STORY

MHP offers residents and volunteers of all ages

opportunities to grow. Jason Amboo, a resident

of our Glenville Road community, is a great

example of an MHP youth volunteer who embraced

that opportunity, defining his own path while

strengthening his own neighborhood.

Jason now is a college student and, looking back,

he says that experience was very influential.

When Jason was 11, he was playing tag outside

when one of his friends cut himself on a piece

of glass. The amount of trash littering the

neighborhood made them angry.

Jason suggested forming a “green team” and

encouraged others to join. He brought the idea

to MHP, and MHP officially piloted the Green Club

in 2011 and fully funded it in 2012. The program

continues to this day.

“My experience with the Green Club was gratifying.

I met new people and learned new things to better

myself and those around me. MHP made me a

more accountable and responsible person,” Jason

said. In that year alone, the Glenville Road Green

Club collected more than 200 pounds of litter and

achieved a 92-percent resident-participation rate

for its recycling program.

Jason became the youngest recipient of the

Dorothy Richardson Resident Leadership Award,

a national community service award given out

annually by NeighborWorks America.

Today, Jason is enrolled at Montgomery College

studying business administration with a minor in

French. His goal is to study abroad while earning

his bachelor’s degree, and then enroll in a graduate

program. As for his legacy, he says he wants to be

remembered as the kid who was always ready to help.

The annual Glenville Road Fall Festival brings

together neighbors for a festive celebration that

helps build a sense of community. The event

includes food, games, a moon bounce, and

an opportunity for arts and crafts. It also is an

opportunity for MHP to introduce residents of the

BUILDING COMMUNITY IN GLENVILLE

Manna’s Jenna Umbriac and MHP’s Fatima Coreas

Silver Spring neighborhood to resources that can

have a positive impact on their lives.

Jenna Umbriac of Manna Food Center took part

in the most recent fall festival, providing residents

with information about how Manna can help families

address their food insecurity issues.

MHP Annual Report 2018 | 11| The Power of Partnership10

FRIENDS(UP TO $999)

Alexis Abbey Barbalace

Jean Alexander

Donald Allen

Elise Ambrose

Amy & Bruce Pascal

Charitable Fund

Anonymous

Enrique Astiz

Marjorie Aug

Vivian Bacarreza

Susan Baker

Stephen & Kate

Baldwin

Tad Baldwin

Alan Banov

Carol Barbero

Margaret F. Bare

Susan R. Baron

Steve Barstow

Judith Bayer

David & Claire Benack

William & Lyn Bentley

Deborah E. Berkowitz

Amanda Bernhardt

Binyamin Biber, MSW

Diane Bild

Rebecca S. Bjork

Ernest Bland

Blechman-Morenoff

Foundation

Carlyle A. Blomme

Michael Bodaken

Dorothy P. Boerner

Marjorie Bohi

Kevin Boland

Bill Bonstra

Ida Bostian

Sally Bourrie

David Bowers

Bowman-Hunter

Charitable Fund

Donna Boxer

Simon Boylen

Sara Brown

Barbara C. Bull

Michael Butchko

Lauren Butin

Jennifer Buzzell

Guy Jeff Campbell

Gregory & Jennifer Carr

Gregory F. Carroll

Micheline Castan-Smith

William S Catherwood &

Jean Sperling

Jean Cavanaugh

Sandra Cave

Lois Chalmers

Nancy C. Chang

Heather Chinn

Nkechinyere Chukwueke

Holly Cicero

Jacqueline Clemmer

Charles Coleman

Jeff Collins

Jill Desjean

Lynne d’Eustachio

Elizabeth Devlin-Foltz

Ian DeWaal

Andrea Dilorenzo

Brian & Barbara Ditzler

James & Judy Dougherty

Brian Downie

Daniel M. Duke

Stephen & Frances Durako

Deborah Dwyer

Chris Earley

EDG Architects, LLC

Paul Ehrenreich

Walter Elias III

Mohamed El-Khawas

County Executive

Marc Elrich

Carla Evans

Elizabeth Everson

William Ewing

Robert Fagan

Joseph & Dorothy

Feinberg

Pam Feinstein

James & Gwyn Fields

Leslie Flores

William & Nancy

Foster

Matthew Collins

John & Cristeta

Comerford

Community Development

Network of Maryland

Barbara Condos

Diana & Bill Conway

Chad Cooley

Tim Cordero

Julie Crater

Dora Crouse

Sara Daines

Kevin Davis

Edmund Delany

Denchfield Roofing

DIAMOND ($75,000+)

Capital One Bank

Citi Community

Development

E*Trade Financial

Montgomery County

NeighborWorks America

State of Maryland

PLATINUM($30,000 - $74,999)

CohnReznick

Enterprise Community

Investment

Eugene & Agnes E. Meyer

Foundation

Morris & Gwendolyn Cafritz

Foundation

Philip L. Graham Fund

GOLD($15,000 - $29,999)

Bank of America Charitable

Foundation

Greater Washington

Community Foundation

John T. Morgan, in memory

of Rita Morgan

Wayne H. Sherwood

SILVER($10,000 - $14,999)

BB&T

Deborah J. Clark & Charles

W. Clark

Residential One

Sandy Spring Bank

TD Charitable Foundation

BRONZE($5,000 - $9,999)

Facility Logix

ncb

Betsy & Joe Samuel

Sharing Montgomery Fund

PARTNERS($1,000 - $4,999)

Mozella Perry Ademiluyi

Alaina Allen

Savena Allen

America’s Charities

Arc Developers, Inc.

Deyadira Baez-Sierra

Ballard Spahr, LLP

April Bucksbaum

Elaine Bullington

Community Housing

Capital

Madiaw Diop

Valerie Ervin

Fidelity Charitable Gift Fund

John & Margaret Ford

Catherine & Bret Gates

Daniel Geller

Gerry & Kristen Gray

Richard and Patricia Greene

Judith Herr

Pam Holden

JBG Smith

Joe Judge

Peter Kovar

Keith Lee Kozloff

Carol Potter Lightfoot

Barbara and David Marblestone

Meltzer Group Employee

Giving Fund

John T. Morgan

Robert & Sheri Rosenfeld

Mark & Kate Simon

Nancy Taylor

The Donohoe Companies

United Way of the National

Capital Area

Tracey Urban

Wheaton Silver Spring Kiwanis

Foundation, Inc.

DonorsMany Thanks to Our 2018 Donors: Individuals, Corporations, Organizations, Governments, and Foundations

MHP Annual Report 2018 | 13| The Power of Partnership12

Elizabeth L Malone

Sarah Manchester

John Maneval

Joseph Marcus & Alicia

Sparks

Annarita Mariotti

Leslie Y. Marks

Lucky & Bill Marmon

Cathryn Martin

Holly Mattus

Jackie & Alan Mayers

Bill McCloskey

Sean McCormally

Susan McGee

Maury & Claudia

McInerney

John & Meg McKenna

Melissa McKenna

Stephen McSpadden

Joan Meier

Daniel Meijer

Elizabeth Melcher

Alexandra Messina

Erin Mielke

Laurie Mielke

Florence K Millar

Susan Milligan

Timothy Milligan

Julia Misplon & Anna

Durbin

David Moon & Melinda

Coolidge

Raoul F. Moore

Susan Moran

Roslyn Mordecai

Judith B. Morenoff

Ann Marie Moriarty

Audrey Morris

Paola Moya

Joan Moyers

(Bill and) Barbara Murry

Margit Nahra

Katherine Parmalee

Cheryl Peckenpaugh

Richard Perlmutter

Allen Perper

Anna Petrone

Laurence Platt

Suzanne Pollak

Philip Porter

Beverly Potter

Dorothy Prats

Helena Premyslov

Adrienne Price

Robert Pursell

Charles Rahn

Bill Rains

Mitchell Ratner & Ann-

Mari Gemmill

Christopher Ratto

Larry Ravitz

Nadine Rawls

James & Jane Reeves

Virginia Rehbehn

Scott W. Reilly

Jim Reisner

Melissa Reitkopp

Brian Rennie

Mary Lane Renninger

Nancy Rhyne

Patricia Richter

Maria Rico

Victoria Roberts

Donald B. & Marion O.

Robertson

John M. & Patricia

Robinson

Marietta E. Rodriguez

Carol A. Rogers

Jacqueline H. Rogers

Mary Rogovsky

Larry & Leah Rood

Lawrence N.

Rosenblum

Alyce Ross

Lisa W. Rother

Cynthia Rubenstein

David Rubin

Sally Rudney & Scott

Hoekman

Carol Ann Rudolph

Carla & David Satinsky

Vibha Sazawal

James & Mary Coleen

Scanlon

Patricia Schaible

Scott Schang

Michael Scheffres

Judith Schenck

Mary Beth Schiffman

Schwab Charitable

Fund

Lisa S. Schwartz

David & Nancy Scull

James & Katherine

Sebastian

Valerie Seligson

Joanne & Martin

Severe

Richard Nelson

Network for Good

Irwin Newman

Naomi Nim

Nixon Peabody, LLP

Katie Noonan

Barbara Norland

David Novello

Margy Nurik

Michael O’Connor

Jerry & Marian O’Conor

Stephen Oesch

Jane O’Grady

Stanford & Ellen

Ollendorf

Donna Olsen

Carlos E. Ostria

Paul Ostrye

Jean Panagakos

Albert Papazian

Trevor Parizer

Patty Friedman

Judith Furash

Susan Furr

Joseph Fusco

Gables Construction

Kit Gage & Steven

Metalitz

Peter & Janet Gartlan

Charles M. Gebbert

Harold Geisel

Hellen Gelband

Maia Gemmill

Stanley & Marjorie

Gertzman

Nowelle Ghahhari

Stephen Giddings

John L Gilbert

Maria E. Godbey

Margaret Goergen-Rood

Richard & Paula

Goldberg

Myrna Goldman

Robert S. Goodill

Mike Goodman

Robert L. Goodman

Jill Goodrich

Shefa Gordon

Ann Gray

Annie Greenblum

Matthew A. Greene

Linda Greenwald

Mayor Kate Stewart

and Jonathan L. Griffith

JoAnne Growney

Sally Guardia

Daniel Gubits

Sunil Gupta

Don & Michelle Hainbach

Carol Hannaford

Claire Harrington

Greg & Kiersten Harris

Ashley Haun

Jennie Hawkins

Jill Hayes

Dunya Hecht

Deborah Helfeld

Heidi Hemming

Douglas & Karen Hillmer

William Himwich

Linda Kahn

Ellen Steinberg Karch

Jeffrey & Mollie Katz

Jeff Kaufman

Jeffrey & Ann Kay

Claudia Kedda

John & Zorina Keiser

Sara Kiesler

Joanne King

David & Judy Kitchens

Klein Hornig

Bernard Klein

Barbara Knopf

Scott D. Q. Knudson,

AIA LEED AP BD+C

Esther Koblenz

Emily Koechlin

Linda Kolko

William & Ellen

Kominers

Leonard H. Kopp

Barry Krasner

Robert & Angie

Kronenberg

Lorin Kusmin

Priscilla Labovitz

Pamela J Larson

Ashley Latimer

Keith Lawson

June Lee

Isiah & Catherine

Leggett

Carolyn Leonard

Susan Levine

Carol Potter Lightfoot,

in memory of John

Tracey

Mark Linell

Brandon Lipman

Stefan LoBuglio

Local Independent

Charities of America

Debra Lowe

Lillian Luksenburg

Joan Lunney

John Luster

Charles A. Maier

Thomas & Joan

Malarkey

Andrew Malone

Rebecca Hines

Ferdinand Hoefner

Gudrun Hofmeister

Nancy Holland

Steve Holmquist

Robert Hooten

Albert Hotton

Phillip Hummel

Thomas Ichniowski

Philip Jacobs

Patrick Jasperse

Peter Jaszi

John Marshall Bank

Carol Johnson

Nick & Elisa (Tina)

Johnson

Daniel B Jordan

Evelyn Joy

MHP Annual Report 2018 | 15| The Power of Partnership14

2018 Norman Christeller Golf Classic Sponsors

MHP staff headed to the National Building

Museum in Washington, DC, to visit the

“Evicted” exhibition, based on the best-

selling book Evicted by Matthew Desmond.

Many staff had read and discussed it as part

of MHP’s book club. The immersive exhibit

brought home the emotional and economic

challenges of families who face forcible

removal when they are unable to make their

rent. Housing instability threatens many

intertwined aspects of family life: school,

employment, health.

Stephanie Shack

Odessa M. Shannon

Barry E Shapiro

Jana Sharp

Geoff Sharpe

Carl Shea

Jeffrey Sheppard

Lillian Shibata, in

memory of John

Tracey

Scott Shoreman &

Elizabeth Carp

Greg & Lorraine Silsbee

Jonathan Silverman

Eric Saul & Diana

Simpson

Don & Tina Slater

Ken Slater, CPA

Melissa Slayton

Andy Smith

Rick Sniffin

Amy L Snyder

Robert & Nancy Soreng

Judy Sparrow

St. Luke Evangelical

Lutheran Church

Oren Stembel

Ralph & Betsy Stephens

Miriam Struck

Caroline Sullivan

Barbara Sweeney

Tara D. Taylor

Tom & Lucinda Wahl

Carol Walsh

Janette Walters

Hank Wang

Rita Warpeha

Monica A. Warren-Jones

Lisa Weber

Joseph Weiss

Marye Wells Harley

Jane Welna

Wheaton-Kensington

Chamber of

Commerce

Norma Whetzel

Michael White

Mary Ellen Wickham

Elizabeth Wieand

Teresa Wild

Anne Williams

Lisa L. Williams

Kyle Wittman

Xavier Wong

Lise Wurzbacher

Bryan Yamasaki

Bruce Zavos

Anna & Yuri Zelinsky

Barbara Zeughauser

Alan Zibel

Margot Zimmerman

Mary Ann Zimmerman

MULLIGAN SPONSORJohn Marshall Bank

HOLE/GREEN SPONSORSAmerican Technology Services, Inc.

Building Consultants

Greysteel

Grimm + Parker Architects

Law Offices of Kenneth

B. Tecler

Lerch, Early & Brewer

Linowes & Blocher

McCormick Paints

Priority Mechanical Contractors

Scheffres Laundry

Studio39

VIKA

Jeanie W. Teare

Michael Thoryn &

Patricia Phillips

Beth Tomasello

Ademar Toro

John Torti

Nicole Totah

Jody Leigh Tracey

Esther Tso

Stephanie Turner

Roberta Ujakovich

Gary Unterberg

Roberta Valente

Linda Valli

JoAnn Volk

Mary S. Von Euler

CART SPONSOREnterprise Community

AWARDS DINNER SPONSORRKR Construction Company, LLC

LUNCH SPONSORCM Parker

BEVERAGE SPONSORTW Perry

GIFT BAG SPONSORLime Rock

DRIVING RANGE SPONSORMacris, Hendricks, & Glascock

SCORECARD SPONSORKlein Hornig

PROGRAM SPONSORSandy Spring Bank

PUTTING CONTEST SPONSORPettit Family Charitable Foundation

HOLE-IN-ONE CONTEST SPONSOR

AGM Financial

HOLE/GREEN PACKAGE SPONSORS

Ballard Spahr

Castle Sprinkler & Alarm, Inc.

Central Wholesalers

Exterior Concepts, Inc.

Gables Residential

Harkins Builders, Inc.

Miner Feinstein Architects

Mitchell Best Homes

PRI Construction

Residential One

SS & R Mechanical, Inc.

SunTrust

| The Power of Partnership16

BOARD AND SENIOR MANAGEMENT

2018 Board of Directors (as of 9/2018)

Michael A. Schlegel, Chair Bozzuto Construction Company 

 

Lisa Rother, Vice Chair ULI, Washington

 

Mary Sokolowski, Treasurer Berlin, Ramos & Company, P.A. 

 

John Clarke, Secretary Elm Street Development 

Joseph DennisSandy Spring Bank 

 

Madiaw Diop Community Volunteer 

Lucile Freeman   

Community Volunteer 

Martina Gillis-Massey Community Volunteer 

Patricia HarrisLerch, Early & Brewer, Chtd

Emmanuel Jean-Philippe Arcola Elementary School 

 

Arminda Lima-Williams Community Volunteer 

 

Paola Moya  

Moya Design Partners

 

Wayne Sherwood Community Volunteer 

Senior Management

Robert A. Goldman, Esq. President 

 

Mark Meier Chief Financial Officer 

 Eva Dillon Director of Advancement 

 

Chris Gillis Director of Policy and

Neighborhood Development 

Jill E. Goodrich Vice President, Operations 

 

Artie Harris Vice President, Real Estate

Development 

 

Sulema Middleton Stewart Vice President, Community

Life Programs 

MONTGOMERY HOUSING PARTNERSHIP AND AFFILIATES

SUMMARY OF COMBINED FINANCIAL REPORTS

ASSETS: REVENUES (Unrestricted)

LIABILITIES and NET ASSETS

EXPENSES

December 31, 2018 For 12 Months Ended December 31, 2018

December 31, 2018

Cash and cash equivalents (unrestricted) . . . . . . $ 20,466,455

Cash (restricted) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 107,587

Investments, Short-Term . . . . . . . . . . . . . . . . . . . . . . . 1,170,946

Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . 878,387

Restricted project reserves . . . . . . . . . . . . . . . . . . . . 10,378,539

Deposits, Escrows and tenants’ security . . . . . . . . 4,729,565

Prepaid expenses and development in process . . . . 6,794,852

Property, equipment, net of $55,457,832 . . . . . . . . 181,014,791

depreciation

Tax credit fees less $306,132 amortization . . . . . . . . 250,813

TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 225,791,935

Rental revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 22,417,656

Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,123,509

Cash Donations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,088,704

Development fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 216,726

Interest and investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 293,136

Special events . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66,690

Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 971,060

Satisfaction of program restrictions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 633,189

TOTAL REVENUES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 26,810,670

Accounts payable and accrued expenses . . . . . $ 1,378,478

Accrued interest payable . . . . . . . . . . . . . . . . . . . . . . 2,626,177

Prepaid rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 169,534

Deferred rent revenue . . . . . . . . . . . . . . . . . . . . . . . . . 2,786

Tenant security deposits held . . . . . . . . . . . . . . . . . . 1,176,044

Secured notes payable, net of debt . . . . . . . . . . . . 182,361,996

issuance costs

Unsecured notes payable, net of debt . . . . . . . . . 5,235,971

issuance costs

Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 192,950,986

Non-controlling interest in partnerships . . . . . . . . 24,626,231

Net Assets without donor restrictions . . . . . . . . . . 6,847,255

Net Assets with donor restrictions . . . . . . . . . . . . . 1,367,463

Total net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,214,718TOTAL LIABILITIES and NET ASSETS . . . . . . . . . . $ 225,791,935

Program services

Properties in management including interest expense of $5,529,743) . . . . . . . .$ 23,647,385

Community Life program development and management . . . . . . . . . . . . . . . . . . . 1,063,096

Other development/management (including interest expense of $108,601) . . . . . . 2,097,814

Supportive services

Management and general . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,366,524

Fundraising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 462,642

TOTAL EXPENSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,637,461

Decrease in Unrestricted Net Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ (1,826,791)

Changes in Restricted Net Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52,500

Release of program restrictions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (633,189)

Increase in temporarily restricted net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (580,689)

Decrease in net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,407,480)

Increase in net assets due to excess of expenses over revenue . . . . . . . . . . . . . . . . . . . . 1,322,215

attributable to controlling interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transfer of net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (734,100)

Transaction costs on controlled interest transfer of asset . . . . . . . . . . . . . . . . . . . . . . . . . (992,223)

Net assets, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,133,306

Net assets, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,214,718

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