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Donors
Individual, Corporate, Organizations, Government,  Foundations  
January 1, 2013 to December 31, 2013
Individual Donors
Anonymous
Robert Abrams
Bruce T. Adams
Victor Agusta
Michael Alcamo
Nancy Sherwood and
Roger Aldridge
Rosa Aleman
Margaret Allen
Rohit Anand
Laura Anderson
Ernst Aristor
Stephen and Shari Ashman
Tom Austin
Tamara Axelrod
Margaret F. Bare
Susan R. Baron
Winell Belfonte
Cynthia Bertolotti
Jim and Jennifer Bognet
Rebecca R. Bond
David Bowers
Mitchell J. Bragin
Josef Brandenburg
Julie and Louis Brill
Andrew Brown
Kevin and Christina Bull
Meredith Byer
Steve Callahan
Guy Campbell
Kelly Cantley
Francoise Carrier
Susan M. Castellan
Jean Cavanaugh
John Clarke
Tara Clifford
Cliff Cohen
Carlo and Sally Colella
Charles Coleman
John and Cristeta Comerford
Joyce B. Cormier
Edmund Corrothers
Eugene Costa
Tina L. Dasler
Hal C. DeCell
Drew Denicoff
Brian Ditzler
Norman Dreyfuss
Ian Duke
Paul Ehrenreich
Naomi Eisen
Jay and Donna Eisenberg
Mary Ellsberg
Kenny Emson
Kristin Faust
Alvin and Barbara Feit
James and Gwyn Fields
Christopher Finley
Karen Fitzgerald
Gene Ford
Asa and Andrea Foss
Peter Fosselman
Marian Fryer
Brian Geib
Stephen Giddings
Evan Glass
Maria E. Godbey
Mary Carol Good
Jill Goodrich
Roland  Ann Gray
Kathleen Greenberg
Sandy and Howard Greer
Brian Grosholz
Joseph Guggenheim
Juanita Hardy
Patricia Harris
C. Marie Henderson
Jeff Hill
Ferdinand Hoefner
Sally Rudney  Scott Hoekman
Family Fund
Ronald and Christina Hoffman
Steve Holmquist
Karen Moody Hoskins
Ashley Iddings
Meral and Tunca Iskir
Marcel Jares
Mike and Lauren Jezienicki
Nick and Tina Johnson
Scott Jones
Patrick Jordan
Linda Kahn
Phillip Andrew Bush and
Maggie S. Kao
Claudia Kedda
Rebecca Kehoe
Linda Kelly
Caroline Kenney
Morris and Lynn Kletzkin
James Patrick Klima
Marcy Knepp
William Kominers
Glenn R. Kreger
Robert Kronenberg
Ralph Kuehner
Bill Landfair
Judith Lapping
Ellen Lazar
Jack Lester
Matthew Leydig
Nancy Liebermann
R. Andrew Lien
Richard Liversidge
Stefan LoBuglio
Ernest Maier
Corazon Manalo-Scordo
Samuel Marein-Efron
Douglas W. Martin
Troy McGhee
Anne Mead
Ann Marie Mehlert
Daniel Meijer
Howard Menell
James and Tammy Mitchell
Ryland L. Mitchell, III
Linna M. Barnes and
Christian J. Mixter
David Moon
Aida Mora
Judith B. Morenoff
John T. Morgan
Susan Wiener and
Jeffrey Mosley
Brigitta Mullican
Richard Nelson
Marian O’Conor
Stephen Oesch
Gregory Ossont
Marva Oxley
David Parrish
Craig Pascal
Uri Pasternak
Jeffrey S. Patch
Philip E. Perrine, P.E.
Melissa Detriss Perry
Walter J. and Carol S. Petzold
Diane Jaeger Pittman
Laurence Platt
Stacey Pugh
Simone Putman
McLean Quinn
Gary Rappaport
Larry Ravitz
Craig Rice
Maryann Leshin and
Charles Ridgell
Ryan Riel
Donald B. and
Marion O. Robertson
John M. and Patricia Robinson
David Rodgers
Reemberto Rodriguez
Trini Rodriguez
Jacqueline H. Rogers
Rosenbaum Halliday Fund
Lawrence N. Rosenblum
Bruce and Ellen Rothschild
Fran Rothstein
Cynthia Rubenstein
Erika Ruiz
Jay N. Ryan, Jr.
Neita and Robert L. Saloschin
Michael Scheffres
Michael A. Schlegel
Karl Schmidt
Dave Schorr
Logan Schutz
David and Nancy Scull
Tara Seeley
Michael Selter
Raj Setty
Mark Simon
Mary Lynn Skutley
Andrew Smith
Richard Smith
Stephen Smith
Elaine Snider
John D. and Elizabeth Spencer
Arnold Spevack
Deborah Stevenson
Larry Stewart
Sulema Middleton Stewart
Daniel Studnicky
Mary Sweeney
Janice Tippett
John Torti
Jenny Towns
Jody Leigh Tracey
Roberta Ujakovich
Alejandro Villacis
Mary S. Von Euler
Ada Vowell
Tom and Lucinda Wahl
Thomas and Carolyn Waller
Matthew Ward
Rich Ward
Monica A. Warren-Jones
Kathryn M. Watts
Charles and Mary Wehrwein
Michael A. Wiencek
Gwen Wright
Margot and Paul Zimmerman
Workplace Giving
Programs
Local Independent Charities
of America
Foundations 
Government
Ashton United Methodist Church
Blechman-Morenoff Foundation
Morris  Gwendolyn Cafritz
Foundation
Capital One Bank
Center for Housing Policy
Center for Nonprofit
Advancement
Elizabeth and Richard Dubin
Foundation
Enterprise Community Partners
Freddie Mac Foundation
Maryland State Department of
Education
Eugene  Agnes E. Meyer
Foundation
NeighborWorks America
The MT Charitable Foundation
Wells Fargo
Corporations 
Organizations
Acadia Windows  Doors
Associates Plumbing, Inc.
Bank of America (Rockville)
The Bernstein Companies
Craftmark Homes Inc.
The Donaldson Group
Duball, LLC
EagleBank
Edgewood Management
Corporation
G  I Contracting, Inc.
Gables Construction
Gaithersburg-Germantown
Chamber of Commerce
Grandbridge Real Estate Capital
Hamel Builders
Highline Wealth Management
Horenberg
JBG/Rosenfeld Retail Properties
KGRW  Associates, LLC
Lenkin Management Co., LLC
Lerch Early  Brewer
M  T Bank
MT Insurance Agency, Inc.
The Michaels Development
Co., L.P.
Miller, Miller  Canby, Chtd.
Miner Feinstein Architects, LLC
Minkoff Company, Inc.
Noyes Air Conditioning
Contractors, Inc.
PSA Insurance and Financial
Services
Richmond Amer. Homes of MD
Safeway, Inc. - Corporate Office
SKA
Soltesz
Sustainable Building Partners
Tadjer-Cohen-Edelson
Associates, Inc.
VMG Resources, LLC
Wheaton  Kensington
Chamber of Commerce
2013 Donors January 1, 2013 to December 31, 2013
FOUNDATION LEVEL ($10,000+)
Shari Ashman
STEPPING STONE LEVEL
($5,000—$9,999)
Victoria Davis
Phil Gibbs
Jeffrey Slavin
Gina and James Williams
CIRCLE LEVEL
($1,000—$4,999)
Leon W. Andris
Cindy Bar
Chip and Laura Bay
James and Marian Brodsky
Nancy Bushwick-Malloy
John H. Carman
Lois M. Christeller
Carlton Einsel
David Flanagan
Lois Fried
Robert and Juliette Goldman
Stephen Griffin
Sam Gude
Ann and Don Hague
Juan Holcomb
Rhonda Cunningham Holmes
	 and Ira Holmes
Christopher King
Matthew Leydig
Mark Meier
S. Marlowe Mentzer
Robert and Marlene Mitchell
S. Bruce Pascal
Jorgen Punda
Ken Rehfuss
Carol Schatz and David Rodgers
Gene and Lauren Sachs
Deborah Ratner Salzberg
Cindy Sanquist
Gail Scott-Parizer
Stacy Plotkin Silber
Jackie Simon
John and Mary Slidell
Richard and Julie Smith
Mike Withers
We strive to grow MHP’s programmatic partners and funding sources to ensure that our properties and
neighborhoods are positioned to provide the housing and services residents will need during the economic
recovery. With your continued support, our families will have a bright future.
Corporate Sponsors Norman Christeller 
Golf Classic SponsorsPlatinum Level
The Bozzuto Group
Capital One
Citi Foundation
CohnReznick
Enterprise
Silver Level
The CT Group
Hamel Builders, Inc.
Bronze Level
BBT Bank
Equity Management
Foulger-Pratt
PNC Bank
Circle of Builders  
January 1, 2013 to December 31, 2013
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 the next level of stability.
The Circle of Builders receive invitations to receptions,
small gatherings, and other forums that encourage dialogue
between business leaders and key stakeholders in Montgomery County.
Dinner Sponsor
M.A. + Associates
Beverage Sponsor
Elm Street Development
Gift Bag Sponsor
EagleBank
Putting Contest Sponsor
Pettit Family Charitable Foundation
Hole-In-One Sponsor
Miller, Miller  Canby
Mulligan Sponsor
The Donohoe Companies, Inc.
Program Sponsor
Gables Residential
Hole/Green Package Sponsors
AGM Financial Services, Inc.
Chase
Edgewood Management Corporation
Ellisdale Construction, LLC
Elm Street Development
Lime Rock Contractors
Mill Creek Residential Trust
Mitchell  Best Homebuilders
MRP Realty
Priority Engineering Services, LLC
Raymond James Tax Credit Funds
RKR Construction Company
VIKA, Inc.
VOA Associates Inc.
Wiencek + Associates, Architects +
Planners
Hole/Green Sponsors
American Technology Services, Inc.
Associates Plumbing, Inc.
Bocarsly, Emden, Cowan, Esmail,
 Arndt, LLP
Building Consultants, Inc.
D  R Electric, Inc.
Hudson Housing Capital, LLC
Jones Lang LaSalle
Lerch, Early  Brewer, Chtd.
Livingston Fire Protection, Inc.
Macris, Hendricks and Glascock, P.A.
NeighborWorks America
Raffa, P.C.
Reno  Cavanaugh, PLLC
Law Office of Kenneth B. Tecler, LLC
Urban Atlantic
Montgomery Housing Partnership
12200 Tech Road, Suite 250,  Silver Spring, MD 20904-1983
Phone: (301) 622-2400  •  Fax: (301) 622-2800
www.MHPartners.org
Building Dreams through
leadership and volunteerism 2013 AccomplishmentsChair  President’s Message
Montgomery Housing Partnership and Affiliates
Summary of Combined Financial Reports
Developing vibrant and safe neighborhoods around Montgomery
County starts with engaging its citizens to become more involved. For
MHP, community building is the key to our success as both a business
owner and good neighbor. We encourage our residents, young and old,
to support community and civic involvement through neighborhood
mobilization, leadership training, and active volunteerism.
During 2013, MHP focused heavily on early school readiness, youth
leadership development, and parent engagement in addition to our laser
focus on providing affordable homes for low- and moderate-income
residents. The year was particularly significant for MHP as an organization
because we achieved two notable firsts, and celebrated two milestones.
These included:
n Receiving the 21st Century Learning Center Designation.
	MHP received the largest grant award ever for the Community Life
programs. The 5-year, $1.1 million grant from the Maryland State
Department of Education and the 21st Century Learning Centers
Program enabled MHP to partner with Arcola Elementary School
and create two new innovative afterschool programs focused on
strengthening students’ math, science, and reading skills.
n Olney Springs, our first for-sale community, is creating first-time
homeowners.
	The 63-acre property features 144 townhomes and detached single-
family homes for mixed incomes. It’s MHP’s first for-sale community,
co-developed by Elm Street Development. The first families started
moving into their newly built homes in Olney Springs in October,
just before the holiday season. They included a police officer, a pizza
delivery driver, and a divorced single father – all of whom are first-time
homeowners.
n Angels for Children Toy Drive in Wheaton - 15 years
	The toy drive highlights MHP’s long-standing collaboration with the
Wheaton Volunteer Rescue Squad, the Wheaton and Kensington
Chamber of Commerce, and a growing number of its businesses. The
groups have mobilized hundreds of volunteers who have supported
MHP’s Pembridge Square and Amherst communities with generous
donations of toys, games, books, and other gifts during the holiday
season since 1998.
n Annual Norman Christeller Classic - 25 years
	For the past 25 years, local businesses and golfers have supported
the Golf Classic, which raises funds for the Community Life programs.
Helping residents build better lives has been MHP’s focus since it
was founded in 1989. During 2013, more than 120 golfers teed off
for the cause, and were joined on the putting green and driving range
by 20 students from our Community Life programs at Glenville Road
Community Center, and Great Hope Homes.
Residents often tell us they are initially drawn to our properties because
of the affordable rents and convenient locations near transit, but they stay
longer because of the support their families receive. This is especially true
for the Diops, who have lived in the Glenville Road cul-de-sac in Silver
Spring for almost 6 years. Their daughter, Amy, 10, was one of the three
students who graced our stage on October 29th during the 2nd Annual
Building Community ~ Fulfilling Dreams Benefit Breakfast. Joined by two of
her neighbors, Jason Amboo, 13, and Xavier Fredericks, 14, a charismatic
Amy shared her Childhood Dream of wanting to be one of the first female
presidents of the United States, and how working hard in school and
keeping up her straight-As would get her there.
It is this holistic approach to providing affordable housing that MHP is
most proud of. Whether helping kids excel in school or providing adults
and seniors with computer access, nutrition classes, and job training,
MHP’s award-winning Community Life programs support the growth and
development of all of our residents.
MHP was designated a NeighborWorks Green organization during 2013
for our comprehensive commitment to sustainable operations. In the
following pages of the Annual Report, you will learn more about how MHP
is engaging and mentoring young leaders like Jason, who was a founder of
the Glenville Road Green Club.
As MHP moves ahead into 2014, we will celebrate the 25th Anniversary
of the organization’s founding by engaging a cross section of supporters
through a series of events, forums, and other activities. We want to keep
you engaged and energized about MHP’s work addressing the affordable
housing needs of low- and moderate-income families and neighborhoods
across Montgomery County. We’d love for you to join us for an upcoming
Building Dreams tour, bring a friend along, and send us any ideas and
suggestions you have.
Sincerely,
Robert A. Goldman, Esq., President
Victoria Davis, Board Chair
Real Estate Accomplishments
n During the first six months, hosted two financial
literacy workshops at MHP’s community centers
in Silver Spring and Wheaton. The 5-week
morning sessions were conducted in Spanish
and attended by 38 residents.
n In March, started Phase II of construction on an
$8.87 million renovation of Parkview Towers,
a 125-unit high-rise building in Takoma Park.
The property was the first to receive funding
through the Jane E. Lawton Conservation Fund,
for much needed energy upgrades.
n In August, acquired an abandoned 4-unit
building in the Glenville Road cul-de-sac
with the help of a $500,000 grant through
the National Conservation Initiative that helps
nonprofits purchase and revitalize foreclosures.
n In October, expanded our reach in Up-County
by acquiring 425 N. Frederick in Gaithersburg.
The property includes 44 garden apartments,
and 5,000 square feet of retail space.
n In October, the first 10 families started moving
into newly built homes at Olney Springs. When
completed in 2015, the 32.6 acre mixed-income
development will include 57 single family
detached homes and 57 townhomes. The
property features extensive walking paths, tree-
lined streets, tot lots, and a basketball court.
n In December, obtained site plan approval
to move forward with the financing for and
construction of The Bonifant at Silver Spring,
a new 11-story high-rise for active seniors in
downtown Silver Spring. The 149-unit property
will be adjacent to the new public library and
future Purple Line light rail station.
Community Life Accomplishments
New Community Life Programs—The Community
Life programs served 1,861 residents during 2013.
n In September, partnered with Arcola Elementary
School to create two new 21st Century Learning
Centers in Wheaton, called Great Achievers
Toward Outstanding Results (GATOR). The
innovative afterschool enrichment offered
programs focused on strengthening the math,
reading, and science skills of the low- and
moderate-income students it serves. GATOR is
supported through a $1.1 million grant over 5
years from the State of Maryland Department of
Education.
n Partnered with Impact Silver Spring to facilitate
weekly sessions for its Neighbor to Neighbor
Campaign at Amherst and Pembridge Square
on Thursday evenings. Also partnered with the
office of Montgomery County Councilmember
Nancy Navarro to provide 4 civic classes to
50 residents.
n Partnered with Voit, Inc. to provide residents
with a number of services, including: free
mammogram screenings to 48 residents
at Glenville Road, Greenwood Terrace, and
Gilbert Highlands; 16 Emergency Preparedness
Workshops on emergency procedures related
to weather and other natural disasters; and
identification cards and DNA samples for 25
students at Pembridge Square, to aid the police
in cases of missing children.
n Students attending the afterschool program
increased their GPA percentage from 3.42
in the first quarter to 3.53 by the end of the
school year. Meanwhile, the GPA percentage for
preschool students increased from 2.96 to 3.87
over the same period.
Neighborhood Revitalization
Accomplishments
n In May, developed and conducted Long
Branch’s first major festival, the Long Branch
SuperBlock Party. The event, which merged
art, architecture, cultural music and dance, was
attended by 2,000 people.
n Expanded the Green Clubs to serve 31 youth
in two Up-County neighborhoods - Cinnamon
Woods in Germantown, and McKendree II in the
Montgomery Village section of Gaithersburg.
n In September, completed a survey of over 500
renters in the Long Branch neighborhood
in close proximity to the proposed location
of the Purple Line. The survey revealed
concerns about resident displacement with the
implementation of the Purple Line.
n Assembled a diverse group of community
stakeholders to form the Shared Progress
Collaborative (SPC), with the goal of studying
and advancing recommendations regarding the
impact of the Purple Line on the Long Branch
neighborhood.
n Supported the Long Branch Business League
(LBBL) in the development of the Discover Long
Branch! event series, which was designed to
improve the image of the neighborhood and
attract more visitors to the commercial district.
Above - Xavier Frederick, Jason Amboo, and Amy Diop from the Glenville Road
Green Club.
2013
BALANCE SHEET
December 31, 2013	
		
ASSETS
	 Cash and cash equivalents (unrestricted)	 $13,515,216
	 Cash (restricted)	 0
	 Investments, Short-Term (less than 90 days)	 2,686,400
	 Accounts receivable	 459,981
	 Restricted project reserves	 6,309,160
	 Deposits, Escrows and tenants’ security	 1,710,633
	 Prepaid expenses and development in process	 8,794,583
	 Property, equipment, net of $39,306,135 depreciation	 120,400,656
	 Loan costs  tax credit fees less $984,578 amortization	 2,444,309
Total Assets	 $156,320,938
		
LIABILITIES and NET ASSETS	
	 Accounts payable and accrued expenses	 $1,206,410
	 Accrued interest payable	 1,287,719
	 Prepaid rents	 226,720
	 Deferred rent revenue	 42,500
	 Tenant security deposits held	 876,220
	 Secured notes payable 	 122,061,961
	 Unsecured notes payable 	 4,559,620
Total liabilities	 130,261,150
		
	 Non-controlling interest in partnerships	 17,083,995
	 Unrestricted Net Assets	 $6,061,641
	 Temporary Restricted Net Assets	 74,716
	 Permanent Restricted Net Assets	 2,839,436
	 Total net assets	 8,975,793
TOTAL LIABILITIES and NET ASSETS	 $156,320,938
STATEMENT OF ACTIVITIES	
For 12 Months Ended December 31, 2013	
	
REVENUES (Unrestricted)
	 Rental revenues	 $17,058,416
	 Grants	 776,560
	 Cash Donations 	 216,848
	 Development fees	 468,522
	 Gain from debt forgiveness	 2,502
	 Interest and investment income	 593,802
	 Special events	 113,895
	 Other income	 1,589,578
	 Satisfaction of program restrictions	 57,750
TOTAL REVENUES	 $20,877,873
		
EXPENSES	 	
Program services 	
	Properties in management including
interest expense of $3,930,017)	 $17,577,398
	 Community Life program development and management	 829,797
	Other development/management
(including interest expense of $56,666)	 1,650,081
Supportive services	
	 Management and general	 883,480
	 Lobbying	 - -
	 Fundraising	 380,221
TOTAL EXPENSES	 21,320,977
Increase in Unrestricted Net Assets	 $(443,104)
		
Changes in Restricted Net Assets		
	 Contributions	 9,340
	 Release of program restrictions	 (57,750)
	 Decrease in temporarily restricted net assets	 (48,410)
Changes in Permanently Restricted Net Assets		
	 Grants	 275,000
	 Release of program restrictions	 0
	 Increase in permanently restricted net assets	 275,000
Decrease in net assets	 (216,514)
Increase in net assets due to excess of expenses
over revenue attributable to controlling interest	 1,202,300
Net assets, beginning of year	 7,990,007
NET ASSETS, end of year	 $8,975,793
Board of Directors/Senior Management 2013
OFFICERS
Chair
Victoria Davis
Urban Atlantic
Vice Chair
Cynthia Bar
Lerch, Early  Brewer, Chtd.
Secretary
Vicky Carrasco
University of Maryland
Treasurer
Linda A. Kelly, CPA
Curtis Property Management Corp.
BOARD MEMBERS
Lilian Catalina Chavarriaga
Community Volunteer
Barry Flax
Goodman, Gable, Gould/Adjusters
Intl.
Evan Glass
Community Volunteer
Stephen Holmquist
Reno  Cavanaugh P.L.L.C.
Christopher King
King Connections
Matt Leydig
EagleBank
Jorgen Punda
Gables Residential
Gene S. Sachs
CresaPartners
Michael A. Schlegel
Bozzuto Construction Company
Alisa Smedley
Montgomery Works
Richard Smith
Community Volunteer
Mary Sokolowski
Berlin, Ramos  Company, P.A.
Rev. Timothy Warner
Montgomery County
Public Schools
MANAGEMENT TEAM
Robert A. Goldman, Esq.
President
Jill E. Goodrich
Vice President, Operations
Mark Meier
Chief Financial Officer
S. Marlowe Mentzer
Vice President, Finance
Artie Harris
Vice President, Real Estate
Development  Neighborhood
Revitalization
Sulema Middleton Stewart
Director of Community
Life Programs
Devon Elizabeth Seybert
Director of Fundraising
MHP creates quality affordable homes.
It accomplishes its mission by housing people, empowering families, and
strengthening neighborhoods. Formed in 1989 as a 501(c)(3) to meet Montgomery
County’s growing need for affordable housing, MHP builds, acquires, and
rehabilitates apartments, condos, and homes for low- and moderate-income
families. Through its affiliates, MHP has developed and owns more than 1,400 units
of affordable housing around the county, including in transit-oriented neighborhoods
in Gaithersburg, Rockville, Silver Spring, Takoma Park, and Wheaton.
Our Focus:
MHP’s holistic approach to housing includes providing affordable rents,
developing educational programs for residents to develop skills that expand
their opportunities, and implementing neighborhood revitalization efforts
in communities impacted by foreclosures and the downturn in the economy.
MHP is a chartered member of NeighborWorks®
America.
On behalf of the Board of Directors and staff of Montgomery Housing Partnership (MHP), we are proud to
present our 2013 Annual Report, entitled “Building Dreams Through Resident Leadership and Volunteerism.”
We had an outstanding year as we focused on our friend-raising efforts around the region, and encouraged
more residents to become active volunteers in their neighborhoods and throughout the county.
Above – Students from the new Cinnamon Woods
Green Club and McKendree Green Club pick up trash
and recycling in their respective neighborhoods.
Donors
Individual, Corporate, Organizations, Government,  Foundations  
January 1, 2013 to December 31, 2013
Individual Donors
Anonymous
Robert Abrams
Bruce T. Adams
Victor Agusta
Michael Alcamo
Nancy Sherwood and
Roger Aldridge
Rosa Aleman
Margaret Allen
Rohit Anand
Laura Anderson
Ernst Aristor
Stephen and Shari Ashman
Tom Austin
Tamara Axelrod
Margaret F. Bare
Susan R. Baron
Winell Belfonte
Cynthia Bertolotti
Jim and Jennifer Bognet
Rebecca R. Bond
David Bowers
Mitchell J. Bragin
Josef Brandenburg
Julie and Louis Brill
Andrew Brown
Kevin and Christina Bull
Meredith Byer
Steve Callahan
Guy Campbell
Kelly Cantley
Francoise Carrier
Susan M. Castellan
Jean Cavanaugh
John Clarke
Tara Clifford
Cliff Cohen
Carlo and Sally Colella
Charles Coleman
John and Cristeta Comerford
Joyce B. Cormier
Edmund Corrothers
Eugene Costa
Tina L. Dasler
Hal C. DeCell
Drew Denicoff
Brian Ditzler
Norman Dreyfuss
Ian Duke
Paul Ehrenreich
Naomi Eisen
Jay and Donna Eisenberg
Mary Ellsberg
Kenny Emson
Kristin Faust
Alvin and Barbara Feit
James and Gwyn Fields
Christopher Finley
Karen Fitzgerald
Gene Ford
Asa and Andrea Foss
Peter Fosselman
Marian Fryer
Brian Geib
Stephen Giddings
Evan Glass
Maria E. Godbey
Mary Carol Good
Jill Goodrich
Roland  Ann Gray
Kathleen Greenberg
Sandy and Howard Greer
Brian Grosholz
Joseph Guggenheim
Juanita Hardy
Patricia Harris
C. Marie Henderson
Jeff Hill
Ferdinand Hoefner
Sally Rudney  Scott Hoekman
Family Fund
Ronald and Christina Hoffman
Steve Holmquist
Karen Moody Hoskins
Ashley Iddings
Meral and Tunca Iskir
Marcel Jares
Mike and Lauren Jezienicki
Nick and Tina Johnson
Scott Jones
Patrick Jordan
Linda Kahn
Phillip Andrew Bush and
Maggie S. Kao
Claudia Kedda
Rebecca Kehoe
Linda Kelly
Caroline Kenney
Morris and Lynn Kletzkin
James Patrick Klima
Marcy Knepp
William Kominers
Glenn R. Kreger
Robert Kronenberg
Ralph Kuehner
Bill Landfair
Judith Lapping
Ellen Lazar
Jack Lester
Matthew Leydig
Nancy Liebermann
R. Andrew Lien
Richard Liversidge
Stefan LoBuglio
Ernest Maier
Corazon Manalo-Scordo
Samuel Marein-Efron
Douglas W. Martin
Troy McGhee
Anne Mead
Ann Marie Mehlert
Daniel Meijer
Howard Menell
James and Tammy Mitchell
Ryland L. Mitchell, III
Linna M. Barnes and
Christian J. Mixter
David Moon
Aida Mora
Judith B. Morenoff
John T. Morgan
Susan Wiener and
Jeffrey Mosley
Brigitta Mullican
Richard Nelson
Marian O’Conor
Stephen Oesch
Gregory Ossont
Marva Oxley
David Parrish
Craig Pascal
Uri Pasternak
Jeffrey S. Patch
Philip E. Perrine, P.E.
Melissa Detriss Perry
Walter J. and Carol S. Petzold
Diane Jaeger Pittman
Laurence Platt
Stacey Pugh
Simone Putman
McLean Quinn
Gary Rappaport
Larry Ravitz
Craig Rice
Maryann Leshin and
Charles Ridgell
Ryan Riel
Donald B. and
Marion O. Robertson
John M. and Patricia Robinson
David Rodgers
Reemberto Rodriguez
Trini Rodriguez
Jacqueline H. Rogers
Rosenbaum Halliday Fund
Lawrence N. Rosenblum
Bruce and Ellen Rothschild
Fran Rothstein
Cynthia Rubenstein
Erika Ruiz
Jay N. Ryan, Jr.
Neita and Robert L. Saloschin
Michael Scheffres
Michael A. Schlegel
Karl Schmidt
Dave Schorr
Logan Schutz
David and Nancy Scull
Tara Seeley
Michael Selter
Raj Setty
Mark Simon
Mary Lynn Skutley
Andrew Smith
Richard Smith
Stephen Smith
Elaine Snider
John D. and Elizabeth Spencer
Arnold Spevack
Deborah Stevenson
Larry Stewart
Sulema Middleton Stewart
Daniel Studnicky
Mary Sweeney
Janice Tippett
John Torti
Jenny Towns
Jody Leigh Tracey
Roberta Ujakovich
Alejandro Villacis
Mary S. Von Euler
Ada Vowell
Tom and Lucinda Wahl
Thomas and Carolyn Waller
Matthew Ward
Rich Ward
Monica A. Warren-Jones
Kathryn M. Watts
Charles and Mary Wehrwein
Michael A. Wiencek
Gwen Wright
Margot and Paul Zimmerman
Workplace Giving
Programs
Local Independent Charities
of America
Foundations 
Government
Ashton United Methodist Church
Blechman-Morenoff Foundation
Morris  Gwendolyn Cafritz
Foundation
Capital One Bank
Center for Housing Policy
Center for Nonprofit
Advancement
Elizabeth and Richard Dubin
Foundation
Enterprise Community Partners
Freddie Mac Foundation
Maryland State Department of
Education
Eugene  Agnes E. Meyer
Foundation
NeighborWorks America
The MT Charitable Foundation
Wells Fargo
Corporations 
Organizations
Acadia Windows  Doors
Associates Plumbing, Inc.
Bank of America (Rockville)
The Bernstein Companies
Craftmark Homes Inc.
The Donaldson Group
Duball, LLC
EagleBank
Edgewood Management
Corporation
G  I Contracting, Inc.
Gables Construction
Gaithersburg-Germantown
Chamber of Commerce
Grandbridge Real Estate Capital
Hamel Builders
Highline Wealth Management
Horenberg
JBG/Rosenfeld Retail Properties
KGRW  Associates, LLC
Lenkin Management Co., LLC
Lerch Early  Brewer
M  T Bank
MT Insurance Agency, Inc.
The Michaels Development
Co., L.P.
Miller, Miller  Canby, Chtd.
Miner Feinstein Architects, LLC
Minkoff Company, Inc.
Noyes Air Conditioning
Contractors, Inc.
PSA Insurance and Financial
Services
Richmond Amer. Homes of MD
Safeway, Inc. - Corporate Office
SKA
Soltesz
Sustainable Building Partners
Tadjer-Cohen-Edelson
Associates, Inc.
VMG Resources, LLC
Wheaton  Kensington
Chamber of Commerce
2013 Donors January 1, 2013 to December 31, 2013
FOUNDATION LEVEL ($10,000+)
Shari Ashman
STEPPING STONE LEVEL
($5,000—$9,999)
Victoria Davis
Phil Gibbs
Jeffrey Slavin
Gina and James Williams
CIRCLE LEVEL
($1,000—$4,999)
Leon W. Andris
Cindy Bar
Chip and Laura Bay
James and Marian Brodsky
Nancy Bushwick-Malloy
John H. Carman
Lois M. Christeller
Carlton Einsel
David Flanagan
Lois Fried
Robert and Juliette Goldman
Stephen Griffin
Sam Gude
Ann and Don Hague
Juan Holcomb
Rhonda Cunningham Holmes
	 and Ira Holmes
Christopher King
Matthew Leydig
Mark Meier
S. Marlowe Mentzer
Robert and Marlene Mitchell
S. Bruce Pascal
Jorgen Punda
Ken Rehfuss
Carol Schatz and David Rodgers
Gene and Lauren Sachs
Deborah Ratner Salzberg
Cindy Sanquist
Gail Scott-Parizer
Stacy Plotkin Silber
Jackie Simon
John and Mary Slidell
Richard and Julie Smith
Mike Withers
We strive to grow MHP’s programmatic partners and funding sources to ensure that our properties and
neighborhoods are positioned to provide the housing and services residents will need during the economic
recovery. With your continued support, our families will have a bright future.
Corporate Sponsors Norman Christeller 
Golf Classic SponsorsPlatinum Level
The Bozzuto Group
Capital One
Citi Foundation
CohnReznick
Enterprise
Silver Level
The CT Group
Hamel Builders, Inc.
Bronze Level
BBT Bank
Equity Management
Foulger-Pratt
PNC Bank
Circle of Builders  
January 1, 2013 to December 31, 2013
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 the next level of stability.
The Circle of Builders receive invitations to receptions,
small gatherings, and other forums that encourage dialogue
between business leaders and key stakeholders in Montgomery County.
Dinner Sponsor
M.A. + Associates
Beverage Sponsor
Elm Street Development
Gift Bag Sponsor
EagleBank
Putting Contest Sponsor
Pettit Family Charitable Foundation
Hole-In-One Sponsor
Miller, Miller  Canby
Mulligan Sponsor
The Donohoe Companies, Inc.
Program Sponsor
Gables Residential
Hole/Green Package Sponsors
AGM Financial Services, Inc.
Chase
Edgewood Management Corporation
Ellisdale Construction, LLC
Elm Street Development
Lime Rock Contractors
Mill Creek Residential Trust
Mitchell  Best Homebuilders
MRP Realty
Priority Engineering Services, LLC
Raymond James Tax Credit Funds
RKR Construction Company
VIKA, Inc.
VOA Associates Inc.
Wiencek + Associates, Architects +
Planners
Hole/Green Sponsors
American Technology Services, Inc.
Associates Plumbing, Inc.
Bocarsly, Emden, Cowan, Esmail,
 Arndt, LLP
Building Consultants, Inc.
D  R Electric, Inc.
Hudson Housing Capital, LLC
Jones Lang LaSalle
Lerch, Early  Brewer, Chtd.
Livingston Fire Protection, Inc.
Macris, Hendricks and Glascock, P.A.
NeighborWorks America
Raffa, P.C.
Reno  Cavanaugh, PLLC
Law Office of Kenneth B. Tecler, LLC
Urban Atlantic
Montgomery Housing Partnership
12200 Tech Road, Suite 250,  Silver Spring, MD 20904-1983
Phone: (301) 622-2400  •  Fax: (301) 622-2800
www.MHPartners.org
Building Dreams through
leadership and volunteerism 2013 AccomplishmentsChair  President’s Message
Montgomery Housing Partnership and Affiliates
Summary of Combined Financial Reports
Developing vibrant and safe neighborhoods around Montgomery
County starts with engaging its citizens to become more involved. For
MHP, community building is the key to our success as both a business
owner and good neighbor. We encourage our residents, young and old,
to support community and civic involvement through neighborhood
mobilization, leadership training, and active volunteerism.
During 2013, MHP focused heavily on early school readiness, youth
leadership development, and parent engagement in addition to our laser
focus on providing affordable homes for low- and moderate-income
residents. The year was particularly significant for MHP as an organization
because we achieved two notable firsts, and celebrated two milestones.
These included:
n Receiving the 21st Century Learning Center Designation.
	MHP received the largest grant award ever for the Community Life
programs. The 5-year, $1.1 million grant from the Maryland State
Department of Education and the 21st Century Learning Centers
Program enabled MHP to partner with Arcola Elementary School
and create two new innovative afterschool programs focused on
strengthening students’ math, science, and reading skills.
n Olney Springs, our first for-sale community, is creating first-time
homeowners.
	The 63-acre property features 144 townhomes and detached single-
family homes for mixed incomes. It’s MHP’s first for-sale community,
co-developed by Elm Street Development. The first families started
moving into their newly built homes in Olney Springs in October,
just before the holiday season. They included a police officer, a pizza
delivery driver, and a divorced single father – all of whom are first-time
homeowners.
n Angels for Children Toy Drive in Wheaton - 15 years
	The toy drive highlights MHP’s long-standing collaboration with the
Wheaton Volunteer Rescue Squad, the Wheaton and Kensington
Chamber of Commerce, and a growing number of its businesses. The
groups have mobilized hundreds of volunteers who have supported
MHP’s Pembridge Square and Amherst communities with generous
donations of toys, games, books, and other gifts during the holiday
season since 1998.
n Annual Norman Christeller Classic - 25 years
	For the past 25 years, local businesses and golfers have supported
the Golf Classic, which raises funds for the Community Life programs.
Helping residents build better lives has been MHP’s focus since it
was founded in 1989. During 2013, more than 120 golfers teed off
for the cause, and were joined on the putting green and driving range
by 20 students from our Community Life programs at Glenville Road
Community Center, and Great Hope Homes.
Residents often tell us they are initially drawn to our properties because
of the affordable rents and convenient locations near transit, but they stay
longer because of the support their families receive. This is especially true
for the Diops, who have lived in the Glenville Road cul-de-sac in Silver
Spring for almost 6 years. Their daughter, Amy, 10, was one of the three
students who graced our stage on October 29th during the 2nd Annual
Building Community ~ Fulfilling Dreams Benefit Breakfast. Joined by two of
her neighbors, Jason Amboo, 13, and Xavier Fredericks, 14, a charismatic
Amy shared her Childhood Dream of wanting to be one of the first female
presidents of the United States, and how working hard in school and
keeping up her straight-As would get her there.
It is this holistic approach to providing affordable housing that MHP is
most proud of. Whether helping kids excel in school or providing adults
and seniors with computer access, nutrition classes, and job training,
MHP’s award-winning Community Life programs support the growth and
development of all of our residents.
MHP was designated a NeighborWorks Green organization during 2013
for our comprehensive commitment to sustainable operations. In the
following pages of the Annual Report, you will learn more about how MHP
is engaging and mentoring young leaders like Jason, who was a founder of
the Glenville Road Green Club.
As MHP moves ahead into 2014, we will celebrate the 25th Anniversary
of the organization’s founding by engaging a cross section of supporters
through a series of events, forums, and other activities. We want to keep
you engaged and energized about MHP’s work addressing the affordable
housing needs of low- and moderate-income families and neighborhoods
across Montgomery County. We’d love for you to join us for an upcoming
Building Dreams tour, bring a friend along, and send us any ideas and
suggestions you have.
Sincerely,
Robert A. Goldman, Esq., President
Victoria Davis, Board Chair
Real Estate Accomplishments
n During the first six months, hosted two financial
literacy workshops at MHP’s community centers
in Silver Spring and Wheaton. The 5-week
morning sessions were conducted in Spanish
and attended by 38 residents.
n In March, started Phase II of construction on an
$8.87 million renovation of Parkview Towers,
a 125-unit high-rise building in Takoma Park.
The property was the first to receive funding
through the Jane E. Lawton Conservation Fund,
for much needed energy upgrades.
n In August, acquired an abandoned 4-unit
building in the Glenville Road cul-de-sac
with the help of a $500,000 grant through
the National Conservation Initiative that helps
nonprofits purchase and revitalize foreclosures.
n In October, expanded our reach in Up-County
by acquiring 425 N. Frederick in Gaithersburg.
The property includes 44 garden apartments,
and 5,000 square feet of retail space.
n In October, the first 10 families started moving
into newly built homes at Olney Springs. When
completed in 2015, the 32.6 acre mixed-income
development will include 57 single family
detached homes and 57 townhomes. The
property features extensive walking paths, tree-
lined streets, tot lots, and a basketball court.
n In December, obtained site plan approval
to move forward with the financing for and
construction of The Bonifant at Silver Spring,
a new 11-story high-rise for active seniors in
downtown Silver Spring. The 149-unit property
will be adjacent to the new public library and
future Purple Line light rail station.
Community Life Accomplishments
New Community Life Programs—The Community
Life programs served 1,861 residents during 2013.
n In September, partnered with Arcola Elementary
School to create two new 21st Century Learning
Centers in Wheaton, called Great Achievers
Toward Outstanding Results (GATOR). The
innovative afterschool enrichment offered
programs focused on strengthening the math,
reading, and science skills of the low- and
moderate-income students it serves. GATOR is
supported through a $1.1 million grant over 5
years from the State of Maryland Department of
Education.
n Partnered with Impact Silver Spring to facilitate
weekly sessions for its Neighbor to Neighbor
Campaign at Amherst and Pembridge Square
on Thursday evenings. Also partnered with the
office of Montgomery County Councilmember
Nancy Navarro to provide 4 civic classes to
50 residents.
n Partnered with Voit, Inc. to provide residents
with a number of services, including: free
mammogram screenings to 48 residents
at Glenville Road, Greenwood Terrace, and
Gilbert Highlands; 16 Emergency Preparedness
Workshops on emergency procedures related
to weather and other natural disasters; and
identification cards and DNA samples for 25
students at Pembridge Square, to aid the police
in cases of missing children.
n Students attending the afterschool program
increased their GPA percentage from 3.42
in the first quarter to 3.53 by the end of the
school year. Meanwhile, the GPA percentage for
preschool students increased from 2.96 to 3.87
over the same period.
Neighborhood Revitalization
Accomplishments
n In May, developed and conducted Long
Branch’s first major festival, the Long Branch
SuperBlock Party. The event, which merged
art, architecture, cultural music and dance, was
attended by 2,000 people.
n Expanded the Green Clubs to serve 31 youth
in two Up-County neighborhoods - Cinnamon
Woods in Germantown, and McKendree II in the
Montgomery Village section of Gaithersburg.
n In September, completed a survey of over 500
renters in the Long Branch neighborhood
in close proximity to the proposed location
of the Purple Line. The survey revealed
concerns about resident displacement with the
implementation of the Purple Line.
n Assembled a diverse group of community
stakeholders to form the Shared Progress
Collaborative (SPC), with the goal of studying
and advancing recommendations regarding the
impact of the Purple Line on the Long Branch
neighborhood.
n Supported the Long Branch Business League
(LBBL) in the development of the Discover Long
Branch! event series, which was designed to
improve the image of the neighborhood and
attract more visitors to the commercial district.
Above - Xavier Frederick, Jason Amboo, and Amy Diop from the Glenville Road
Green Club.
2013
BALANCE SHEET
December 31, 2013	
		
ASSETS
	 Cash and cash equivalents (unrestricted)	 $13,515,216
	 Cash (restricted)	 0
	 Investments, Short-Term (less than 90 days)	 2,686,400
	 Accounts receivable	 459,981
	 Restricted project reserves	 6,309,160
	 Deposits, Escrows and tenants’ security	 1,710,633
	 Prepaid expenses and development in process	 8,794,583
	 Property, equipment, net of $39,306,135 depreciation	 120,400,656
	 Loan costs  tax credit fees less $984,578 amortization	 2,444,309
Total Assets	 $156,320,938
		
LIABILITIES and NET ASSETS	
	 Accounts payable and accrued expenses	 $1,206,410
	 Accrued interest payable	 1,287,719
	 Prepaid rents	 226,720
	 Deferred rent revenue	 42,500
	 Tenant security deposits held	 876,220
	 Secured notes payable 	 122,061,961
	 Unsecured notes payable 	 4,559,620
Total liabilities	 130,261,150
		
	 Non-controlling interest in partnerships	 17,083,995
	 Unrestricted Net Assets	 $6,061,641
	 Temporary Restricted Net Assets	 74,716
	 Permanent Restricted Net Assets	 2,839,436
	 Total net assets	 8,975,793
TOTAL LIABILITIES and NET ASSETS	 $156,320,938
STATEMENT OF ACTIVITIES	
For 12 Months Ended December 31, 2013	
	
REVENUES (Unrestricted)
	 Rental revenues	 $17,058,416
	 Grants	 776,560
	 Cash Donations 	 216,848
	 Development fees	 468,522
	 Gain from debt forgiveness	 2,502
	 Interest and investment income	 593,802
	 Special events	 113,895
	 Other income	 1,589,578
	 Satisfaction of program restrictions	 57,750
TOTAL REVENUES	 $20,877,873
		
EXPENSES	 	
Program services 	
	Properties in management including
interest expense of $3,930,017)	 $17,577,398
	 Community Life program development and management	 829,797
	Other development/management
(including interest expense of $56,666)	 1,650,081
Supportive services	
	 Management and general	 883,480
	 Lobbying	 - -
	 Fundraising	 380,221
TOTAL EXPENSES	 21,320,977
Increase in Unrestricted Net Assets	 $(443,104)
		
Changes in Restricted Net Assets		
	 Contributions	 9,340
	 Release of program restrictions	 (57,750)
	 Decrease in temporarily restricted net assets	 (48,410)
Changes in Permanently Restricted Net Assets		
	 Grants	 275,000
	 Release of program restrictions	 0
	 Increase in permanently restricted net assets	 275,000
Decrease in net assets	 (216,514)
Increase in net assets due to excess of expenses
over revenue attributable to controlling interest	 1,202,300
Net assets, beginning of year	 7,990,007
NET ASSETS, end of year	 $8,975,793
Board of Directors/Senior Management 2013
OFFICERS
Chair
Victoria Davis
Urban Atlantic
Vice Chair
Cynthia Bar
Lerch, Early  Brewer, Chtd.
Secretary
Vicky Carrasco
University of Maryland
Treasurer
Linda A. Kelly, CPA
Curtis Property Management Corp.
BOARD MEMBERS
Lilian Catalina Chavarriaga
Community Volunteer
Barry Flax
Goodman, Gable, Gould/Adjusters
Intl.
Evan Glass
Community Volunteer
Stephen Holmquist
Reno  Cavanaugh P.L.L.C.
Christopher King
King Connections
Matt Leydig
EagleBank
Jorgen Punda
Gables Residential
Gene S. Sachs
CresaPartners
Michael A. Schlegel
Bozzuto Construction Company
Alisa Smedley
Montgomery Works
Richard Smith
Community Volunteer
Mary Sokolowski
Berlin, Ramos  Company, P.A.
Rev. Timothy Warner
Montgomery County
Public Schools
MANAGEMENT TEAM
Robert A. Goldman, Esq.
President
Jill E. Goodrich
Vice President, Operations
Mark Meier
Chief Financial Officer
S. Marlowe Mentzer
Vice President, Finance
Artie Harris
Vice President, Real Estate
Development  Neighborhood
Revitalization
Sulema Middleton Stewart
Director of Community
Life Programs
Devon Elizabeth Seybert
Director of Fundraising
MHP creates quality affordable homes.
It accomplishes its mission by housing people, empowering families, and
strengthening neighborhoods. Formed in 1989 as a 501(c)(3) to meet Montgomery
County’s growing need for affordable housing, MHP builds, acquires, and
rehabilitates apartments, condos, and homes for low- and moderate-income
families. Through its affiliates, MHP has developed and owns more than 1,400 units
of affordable housing around the county, including in transit-oriented neighborhoods
in Gaithersburg, Rockville, Silver Spring, Takoma Park, and Wheaton.
Our Focus:
MHP’s holistic approach to housing includes providing affordable rents,
developing educational programs for residents to develop skills that expand
their opportunities, and implementing neighborhood revitalization efforts
in communities impacted by foreclosures and the downturn in the economy.
MHP is a chartered member of NeighborWorks®
America.
On behalf of the Board of Directors and staff of Montgomery Housing Partnership (MHP), we are proud to
present our 2013 Annual Report, entitled “Building Dreams Through Resident Leadership and Volunteerism.”
We had an outstanding year as we focused on our friend-raising efforts around the region, and encouraged
more residents to become active volunteers in their neighborhoods and throughout the county.
Above – Students from the new Cinnamon Woods
Green Club and McKendree Green Club pick up trash
and recycling in their respective neighborhoods.
Building Dreams through
leadership and volunteerism 2013 AccomplishmentsChair  President’s Message
Montgomery Housing Partnership and Affiliates
Summary of Combined Financial Reports
Developing vibrant and safe neighborhoods around Montgomery
County starts with engaging its citizens to become more involved. For
MHP, community building is the key to our success as both a business
owner and good neighbor. We encourage our residents, young and old,
to support community and civic involvement through neighborhood
mobilization, leadership training, and active volunteerism.
During 2013, MHP focused heavily on early school readiness, youth
leadership development, and parent engagement in addition to our laser
focus on providing affordable homes for low- and moderate-income
residents. The year was particularly significant for MHP as an organization
because we achieved two notable firsts, and celebrated two milestones.
These included:
n Receiving the 21st Century Learning Center Designation.
	MHP received the largest grant award ever for the Community Life
programs. The 5-year, $1.1 million grant from the Maryland State
Department of Education and the 21st Century Learning Centers
Program enabled MHP to partner with Arcola Elementary School
and create two new innovative afterschool programs focused on
strengthening students’ math, science, and reading skills.
n Olney Springs, our first for-sale community, is creating first-time
homeowners.
	The 63-acre property features 144 townhomes and detached single-
family homes for mixed incomes. It’s MHP’s first for-sale community,
co-developed by Elm Street Development. The first families started
moving into their newly built homes in Olney Springs in October,
just before the holiday season. They included a police officer, a pizza
delivery driver, and a divorced single father – all of whom are first-time
homeowners.
n Angels for Children Toy Drive in Wheaton - 15 years
	The toy drive highlights MHP’s long-standing collaboration with the
Wheaton Volunteer Rescue Squad, the Wheaton and Kensington
Chamber of Commerce, and a growing number of its businesses. The
groups have mobilized hundreds of volunteers who have supported
MHP’s Pembridge Square and Amherst communities with generous
donations of toys, games, books, and other gifts during the holiday
season since 1998.
n Annual Norman Christeller Classic - 25 years
	For the past 25 years, local businesses and golfers have supported
the Golf Classic, which raises funds for the Community Life programs.
Helping residents build better lives has been MHP’s focus since it
was founded in 1989. During 2013, more than 120 golfers teed off
for the cause, and were joined on the putting green and driving range
by 20 students from our Community Life programs at Glenville Road
Community Center, and Great Hope Homes.
Residents often tell us they are initially drawn to our properties because
of the affordable rents and convenient locations near transit, but they stay
longer because of the support their families receive. This is especially true
for the Diops, who have lived in the Glenville Road cul-de-sac in Silver
Spring for almost 6 years. Their daughter, Amy, 10, was one of the three
students who graced our stage on October 29th during the 2nd Annual
Building Community ~ Fulfilling Dreams Benefit Breakfast. Joined by two of
her neighbors, Jason Amboo, 13, and Xavier Fredericks, 14, a charismatic
Amy shared her Childhood Dream of wanting to be one of the first female
presidents of the United States, and how working hard in school and
keeping up her straight-As would get her there.
It is this holistic approach to providing affordable housing that MHP is
most proud of. Whether helping kids excel in school or providing adults
and seniors with computer access, nutrition classes, and job training,
MHP’s award-winning Community Life programs support the growth and
development of all of our residents.
MHP was designated a NeighborWorks Green organization during 2013
for our comprehensive commitment to sustainable operations. In the
following pages of the Annual Report, you will learn more about how MHP
is engaging and mentoring young leaders like Jason, who was a founder of
the Glenville Road Green Club.
As MHP moves ahead into 2014, we will celebrate the 25th Anniversary
of the organization’s founding by engaging a cross section of supporters
through a series of events, forums, and other activities. We want to keep
you engaged and energized about MHP’s work addressing the affordable
housing needs of low- and moderate-income families and neighborhoods
across Montgomery County. We’d love for you to join us for an upcoming
Building Dreams tour, bring a friend along, and send us any ideas and
suggestions you have.
Sincerely,
Robert A. Goldman, Esq., President
Victoria Davis, Board Chair
Real Estate Accomplishments
n During the first six months, hosted two financial
literacy workshops at MHP’s community centers
in Silver Spring and Wheaton. The 5-week
morning sessions were conducted in Spanish
and attended by 38 residents.
n In March, started Phase II of construction on an
$8.87 million renovation of Parkview Towers,
a 125-unit high-rise building in Takoma Park.
The property was the first to receive funding
through the Jane E. Lawton Conservation Fund,
for much needed energy upgrades.
n In August, acquired an abandoned 4-unit
building in the Glenville Road cul-de-sac
with the help of a $500,000 grant through
the National Conservation Initiative that helps
nonprofits purchase and revitalize foreclosures.
n In October, expanded our reach in Up-County
by acquiring 425 N. Frederick in Gaithersburg.
The property includes 44 garden apartments,
and 5,000 square feet of retail space.
n In October, the first 10 families started moving
into newly built homes at Olney Springs. When
completed in 2015, the 32.6 acre mixed-income
development will include 57 single family
detached homes and 57 townhomes. The
property features extensive walking paths, tree-
lined streets, tot lots, and a basketball court.
n In December, obtained site plan approval
to move forward with the financing for and
construction of The Bonifant at Silver Spring,
a new 11-story high-rise for active seniors in
downtown Silver Spring. The 149-unit property
will be adjacent to the new public library and
future Purple Line light rail station.
Community Life Accomplishments
New Community Life Programs—The Community
Life programs served 1,861 residents during 2013.
n In September, partnered with Arcola Elementary
School to create two new 21st Century Learning
Centers in Wheaton, called Great Achievers
Toward Outstanding Results (GATOR). The
innovative afterschool enrichment offered
programs focused on strengthening the math,
reading, and science skills of the low- and
moderate-income students it serves. GATOR is
supported through a $1.1 million grant over 5
years from the State of Maryland Department of
Education.
n Partnered with Impact Silver Spring to facilitate
weekly sessions for its Neighbor to Neighbor
Campaign at Amherst and Pembridge Square
on Thursday evenings. Also partnered with the
office of Montgomery County Councilmember
Nancy Navarro to provide 4 civic classes to
50 residents.
n Partnered with Voit, Inc. to provide residents
with a number of services, including: free
mammogram screenings to 48 residents
at Glenville Road, Greenwood Terrace, and
Gilbert Highlands; 16 Emergency Preparedness
Workshops on emergency procedures related
to weather and other natural disasters; and
identification cards and DNA samples for 25
students at Pembridge Square, to aid the police
in cases of missing children.
n Students attending the afterschool program
increased their GPA percentage from 3.42
in the first quarter to 3.53 by the end of the
school year. Meanwhile, the GPA percentage for
preschool students increased from 2.96 to 3.87
over the same period.
Neighborhood Revitalization
Accomplishments
n In May, developed and conducted Long
Branch’s first major festival, the Long Branch
SuperBlock Party. The event, which merged
art, architecture, cultural music and dance, was
attended by 2,000 people.
n Expanded the Green Clubs to serve 31 youth
in two Up-County neighborhoods - Cinnamon
Woods in Germantown, and McKendree II in the
Montgomery Village section of Gaithersburg.
n In September, completed a survey of over 500
renters in the Long Branch neighborhood
in close proximity to the proposed location
of the Purple Line. The survey revealed
concerns about resident displacement with the
implementation of the Purple Line.
n Assembled a diverse group of community
stakeholders to form the Shared Progress
Collaborative (SPC), with the goal of studying
and advancing recommendations regarding the
impact of the Purple Line on the Long Branch
neighborhood.
n Supported the Long Branch Business League
(LBBL) in the development of the Discover Long
Branch! event series, which was designed to
improve the image of the neighborhood and
attract more visitors to the commercial district.
Above - Xavier Frederick, Jason Amboo, and Amy Diop from the Glenville Road
Green Club.
2013
BALANCE SHEET
December 31, 2013	
		
ASSETS
	 Cash and cash equivalents (unrestricted)	 $13,515,216
	 Cash (restricted)	 0
	 Investments, Short-Term (less than 90 days)	 2,686,400
	 Accounts receivable	 459,981
	 Restricted project reserves	 6,309,160
	 Deposits, Escrows and tenants’ security	 1,710,633
	 Prepaid expenses and development in process	 8,794,583
	 Property, equipment, net of $39,306,135 depreciation	 120,400,656
	 Loan costs  tax credit fees less $984,578 amortization	 2,444,309
Total Assets	 $156,320,938
		
LIABILITIES and NET ASSETS	
	 Accounts payable and accrued expenses	 $1,206,410
	 Accrued interest payable	 1,287,719
	 Prepaid rents	 226,720
	 Deferred rent revenue	 42,500
	 Tenant security deposits held	 876,220
	 Secured notes payable 	 122,061,961
	 Unsecured notes payable 	 4,559,620
Total liabilities	 130,261,150
		
	 Non-controlling interest in partnerships	 17,083,995
	 Unrestricted Net Assets	 $6,061,641
	 Temporary Restricted Net Assets	 74,716
	 Permanent Restricted Net Assets	 2,839,436
	 Total net assets	 8,975,793
TOTAL LIABILITIES and NET ASSETS	 $156,320,938
STATEMENT OF ACTIVITIES	
For 12 Months Ended December 31, 2013	
	
REVENUES (Unrestricted)
	 Rental revenues	 $17,058,416
	 Grants	 776,560
	 Cash Donations 	 216,848
	 Development fees	 468,522
	 Gain from debt forgiveness	 2,502
	 Interest and investment income	 593,802
	 Special events	 113,895
	 Other income	 1,589,578
	 Satisfaction of program restrictions	 57,750
TOTAL REVENUES	 $20,877,873
		
EXPENSES	 	
Program services 	
	Properties in management including
interest expense of $3,930,017)	 $17,577,398
	 Community Life program development and management	 829,797
	Other development/management
(including interest expense of $56,666)	 1,650,081
Supportive services	
	 Management and general	 883,480
	 Lobbying	 - -
	 Fundraising	 380,221
TOTAL EXPENSES	 21,320,977
Increase in Unrestricted Net Assets	 $(443,104)
		
Changes in Restricted Net Assets		
	 Contributions	 9,340
	 Release of program restrictions	 (57,750)
	 Decrease in temporarily restricted net assets	 (48,410)
Changes in Permanently Restricted Net Assets		
	 Grants	 275,000
	 Release of program restrictions	 0
	 Increase in permanently restricted net assets	 275,000
Decrease in net assets	 (216,514)
Increase in net assets due to excess of expenses
over revenue attributable to controlling interest	 1,202,300
Net assets, beginning of year	 7,990,007
NET ASSETS, end of year	 $8,975,793
Board of Directors/Senior Management 2013
OFFICERS
Chair
Victoria Davis
Urban Atlantic
Vice Chair
Cynthia Bar
Lerch, Early  Brewer, Chtd.
Secretary
Vicky Carrasco
University of Maryland
Treasurer
Linda A. Kelly, CPA
Curtis Property Management Corp.
BOARD MEMBERS
Lilian Catalina Chavarriaga
Community Volunteer
Barry Flax
Goodman, Gable, Gould/Adjusters
Intl.
Evan Glass
Community Volunteer
Stephen Holmquist
Reno  Cavanaugh P.L.L.C.
Christopher King
King Connections
Matt Leydig
EagleBank
Jorgen Punda
Gables Residential
Gene S. Sachs
CresaPartners
Michael A. Schlegel
Bozzuto Construction Company
Alisa Smedley
Montgomery Works
Richard Smith
Community Volunteer
Mary Sokolowski
Berlin, Ramos  Company, P.A.
Rev. Timothy Warner
Montgomery County
Public Schools
MANAGEMENT TEAM
Robert A. Goldman, Esq.
President
Jill E. Goodrich
Vice President, Operations
Mark Meier
Chief Financial Officer
S. Marlowe Mentzer
Vice President, Finance
Artie Harris
Vice President, Real Estate
Development  Neighborhood
Revitalization
Sulema Middleton Stewart
Director of Community
Life Programs
Devon Elizabeth Seybert
Director of Fundraising
MHP creates quality affordable homes.
It accomplishes its mission by housing people, empowering families, and
strengthening neighborhoods. Formed in 1989 as a 501(c)(3) to meet Montgomery
County’s growing need for affordable housing, MHP builds, acquires, and
rehabilitates apartments, condos, and homes for low- and moderate-income
families. Through its affiliates, MHP has developed and owns more than 1,400 units
of affordable housing around the county, including in transit-oriented neighborhoods
in Gaithersburg, Rockville, Silver Spring, Takoma Park, and Wheaton.
Our Focus:
MHP’s holistic approach to housing includes providing affordable rents,
developing educational programs for residents to develop skills that expand
their opportunities, and implementing neighborhood revitalization efforts
in communities impacted by foreclosures and the downturn in the economy.
MHP is a chartered member of NeighborWorks®
America.
On behalf of the Board of Directors and staff of Montgomery Housing Partnership (MHP), we are proud to
present our 2013 Annual Report, entitled “Building Dreams Through Resident Leadership and Volunteerism.”
We had an outstanding year as we focused on our friend-raising efforts around the region, and encouraged
more residents to become active volunteers in their neighborhoods and throughout the county.
Above – Students from the new Cinnamon Woods
Green Club and McKendree Green Club pick up trash
and recycling in their respective neighborhoods.
Donors
Individual, Corporate, Organizations, Government,  Foundations  
January 1, 2013 to December 31, 2013
Individual Donors
Anonymous
Robert Abrams
Bruce T. Adams
Victor Agusta
Michael Alcamo
Nancy Sherwood and
Roger Aldridge
Rosa Aleman
Margaret Allen
Rohit Anand
Laura Anderson
Ernst Aristor
Stephen and Shari Ashman
Tom Austin
Tamara Axelrod
Tad Baldwin
Margaret F. Bare
Susan R. Baron
Winell Belfonte
Cynthia Bertolotti
Jim and Jennifer Bognet
Rebecca R. Bond
David Bowers
Mitchell J. Bragin
Josef Brandenburg
Julie and Louis Brill
Andrew Brown
Kevin and Christina Bull
Meredith Byer
Steve Callahan
Guy Campbell
Kelly Cantley
Francoise Carrier
Susan M. Castellan
Jean Cavanaugh
John Clarke
Tara Clifford
Cliff Cohen
Carlo and Sally Colella
Charles Coleman
John and Cristeta Comerford
Joyce B. Cormier
Edmund Corrothers
Eugene Costa
Tina L. Dasler
Hal C. DeCell
Drew Denicoff
Brian Ditzler
Norman Dreyfuss
Ian Duke
Paul Ehrenreich
Naomi Eisen
Jay and Donna Eisenberg
Mary Ellsberg
Kenny Emson
Kristin Faust
Alvin and Barbara Feit
James and Gwyn Fields
Christopher Finley
Karen Fitzgerald
Gene Ford
Asa and Andrea Foss
Peter Fosselman
Marian Fryer
Brian Geib
Stephen Giddings
Evan Glass
Maria E. Godbey
Mary Carol Good
Jill Goodrich
Roland  Ann Gray
Kathleen Greenberg
Sandy and Howard Greer
Brian Grosholz
Joseph Guggenheim
Juanita Hardy
Patricia Harris
C. Marie Henderson
Jeff Hill
Ferdinand Hoefner
Sally Rudney  Scott Hoekman
Family Fund
Ronald and Christina Hoffman
Steve Holmquist
Karen Moody Hoskins
Ashley Iddings
Meral and Tunca Iskir
Marcel Jares
Mike and Lauren Jezienicki
Nick and Tina Johnson
Scott Jones
Patrick Jordan
Linda Kahn
Phillip Andrew Bush and
Maggie S. Kao
Claudia Kedda
Rebecca Kehoe
Linda Kelly
Caroline Kenney
Morris and Lynn Kletzkin
James Patrick Klima
Marcy Knepp
William Kominers
Glenn R. Kreger
Robert Kronenberg
Ralph Kuehner
Bill Landfair
Judith Lapping
Ellen Lazar
Jack Lester
Matthew Leydig
Nancy Liebermann
R. Andrew Lien
Richard Liversidge
Stefan LoBuglio
Ernest Maier
Corazon Manalo-Scordo
Samuel Marein-Efron
Douglas W. Martin
Troy McGhee
Anne Mead
Ann Marie Mehlert
Daniel Meijer
Howard Menell
James and Tammy Mitchell
Ryland L. Mitchell, III
Linna M. Barnes and
Christian J. Mixter
David Moon
Aida Mora
Judith B. Morenoff
John T. Morgan
Susan Wiener and
Jeffrey Mosley
Brigitta Mullican
Richard Nelson
Marian O’Conor
Stephen Oesch
Gregory Ossont
Marva Oxley
David Parrish
Craig Pascal
Uri Pasternak
Jeffrey S. Patch
Philip E. Perrine, P.E.
Melissa Detriss Perry
Walter J. and Carol S. Petzold
Diane Jaeger Pittman
Laurence Platt
Stacey Pugh
Simone Putman
McLean Quinn
Gary Rappaport
Larry Ravitz
Craig Rice
Maryann Leshin and
Charles Ridgell
Ryan Riel
Donald B. and
Marion O. Robertson
John M. and Patricia Robinson
David Rodgers
Reemberto Rodriguez
Trini Rodriguez
Jacqueline H. Rogers
Rosenbaum Halliday Fund
Lawrence N. Rosenblum
Bruce and Ellen Rothschild
Fran Rothstein
Cynthia Rubenstein
Erika Ruiz
Jay N. Ryan, Jr.
Neita and Robert L. Saloschin
Michael Scheffres
Michael A. Schlegel
Karl Schmidt
Dave Schorr
Logan Schutz
David and Nancy Scull
Tara Seeley
Michael Selter
Raj Setty
Mark Simon
Mary Lynn Skutley
Andrew Smith
Chuck Smith
Richard Smith
Stephen Smith
Elaine Snider
John D. and Elizabeth Spencer
Arnold Spevack
Deborah Stevenson
Larry Stewart
Sulema Middleton Stewart
Daniel Studnicky
Mary Sweeney
Janice Tippett
John Torti
Jenny Towns
Jody Leigh Tracey
John Tracey
Roberta Ujakovich
Alejandro Villacis
Mary S. Von Euler
Ada Vowell
Tom and Lucinda Wahl
Thomas and Carolyn Waller
Matthew Ward
Rich Ward
Monica A. Warren-Jones
Kathryn M. Watts
Charles and Mary Wehrwein
Michael A. Wiencek
Gwen Wright
Margot and Paul Zimmerman
Workplace Giving
Programs
Local Independent Charities
of America
Foundations 
Government
Ashton United Methodist Church
Blechman-Morenoff Foundation
Morris  Gwendolyn Cafritz
Foundation
Capital One Bank
Center for Housing Policy
Center for Nonprofit
Advancement
Elizabeth and Richard Dubin
Foundation
Enterprise Community Partners
Freddie Mac Foundation
Maryland State Department of
Education
Eugene  Agnes E. Meyer
Foundation
NeighborWorks America
The MT Charitable Foundation
Wells Fargo
Corporations 
Organizations
Acadia Windows  Doors
Associates Plumbing, Inc.
Bank of America (Rockville)
The Bernstein Companies
Craftmark Homes Inc.
The Donaldson Group
Duball, LLC
EagleBank
Edgewood Management
Corporation
G  I Contracting, Inc.
Gables Construction
Gaithersburg-Germantown
Chamber of Commerce
Grandbridge Real Estate Capital
Hamel Builders
Highline Wealth Management
Horenberg
JBG/Rosenfeld Retail Properties
KGRW  Associates, LLC
Lenkin Management Co., LLC
Lerch Early  Brewer
M  T Bank
MT Insurance Agency, Inc.
The Michaels Development
Co., L.P.
Miller, Miller  Canby, Chtd.
Miner Feinstein Architects, LLC
Minkoff Company, Inc.
Noyes Air Conditioning
Contractors, Inc.
PSA Insurance and Financial
Services
Richmond Amer. Homes of MD
Safeway, Inc. - Corporate Office
SKA
Soltesz
Sustainable Building Partners
Tadjer-Cohen-Edelson
Associates, Inc.
VMG Resources, LLC
Wheaton  Kensington
Chamber of Commerce
2013 Donors January 1, 2013 to December 31, 2013
FOUNDATION LEVEL ($10,000+)
Shari Ashman
STEPPING STONE LEVEL
($5,000—$9,999)
Victoria Davis
Phil Gibbs
Jeffrey Slavin
Gina and James Williams
CIRCLE LEVEL
($1,000—$4,999)
Leon W. Andris
Cindy Bar
Chip and Laura Bay
James and Marian Brodsky
Nancy Bushwick-Malloy
John H. Carman
Lois M. Christeller
Carlton Einsel
David Flanagan
Lois Fried
Robert and Juliette Goldman
Stephen Griffin
Sam Gude
Ann and Don Hague
Juan Holcomb
Rhonda Cunningham Holmes
	 and Ira Holmes
Christopher King
Matthew Leydig
Mark Meier
S. Marlowe Mentzer
Robert and Marlene Mitchell
S. Bruce Pascal
Jorgen Punda
Ken Rehfuss
Carol Schatz and David Rodgers
Gene and Lauren Sachs
Deborah Ratner Salzberg
Cindy Sanquist
Gail Scott-Parizer
Stacy Plotkin Silber
Jackie Simon
John and Mary Slidell
Richard and Julie Smith
Mike Withers
We strive to grow MHP’s programmatic partners and funding sources to ensure that our properties and
neighborhoods are positioned to provide the housing and services residents will need during the economic
recovery. With your continued support, our families will have a bright future.
Corporate Sponsors Norman Christeller 
Golf Classic SponsorsPlatinum Level
The Bozzuto Group
Capital One
Citi Foundation
CohnReznick
Enterprise
Silver Level
The CT Group
Hamel Builders, Inc.
Bronze Level
BBT Bank
Equity Management
Foulger-Pratt
PNC Bank
Circle of Builders  
January 1, 2013 to December 31, 2013
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 the next level of stability.
The Circle of Builders receive invitations to receptions,
small gatherings, and other forums that encourage dialogue
between business leaders and key stakeholders in Montgomery County.
Dinner Sponsor
M.A. + Associates
Beverage Sponsor
Elm Street Development
Gift Bag Sponsor
EagleBank
Putting Contest Sponsor
Pettit Family Charitable Foundation
Hole-In-One Sponsor
Miller, Miller  Canby
Mulligan Sponsor
The Donohoe Companies, Inc.
Program Sponsor
Gables Residential
Hole/Green Package Sponsors
AGM Financial Services, Inc.
Chase
Edgewood Management Corporation
Ellisdale Construction, LLC
Elm Street Development
Lime Rock Contractors
Mill Creek Residential Trust
Mitchell  Best Homebuilders
MRP Realty
Priority Engineering Services, LLC
Raymond James Tax Credit Funds
RKR Construction Company
VIKA, Inc.
VOA Associates Inc.
Wiencek + Associates, Architects +
Planners
Hole/Green Sponsors
American Technology Services, Inc.
Associates Plumbing, Inc.
Bocarsly, Emden, Cowan, Esmail,
 Arndt, LLP
Building Consultants, Inc.
D  R Electric, Inc.
Hudson Housing Capital, LLC
Jones Lang LaSalle
Lerch, Early  Brewer, Chtd.
Livingston Fire Protection, Inc.
Macris, Hendricks and Glascock, P.A.
NeighborWorks America
Raffa, P.C.
Reno  Cavanaugh, PLLC
Law Office of Kenneth B. Tecler, LLC
Urban Atlantic
Montgomery Housing Partnership
12200 Tech Road, Suite 250,  Silver Spring, MD 20904-1983
Phone: (301) 622-2400  •  Fax: (301) 622-2800
www.MHPartners.org

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MHP2013AnnualReport

  • 1. Donors Individual, Corporate, Organizations, Government, Foundations January 1, 2013 to December 31, 2013 Individual Donors Anonymous Robert Abrams Bruce T. Adams Victor Agusta Michael Alcamo Nancy Sherwood and Roger Aldridge Rosa Aleman Margaret Allen Rohit Anand Laura Anderson Ernst Aristor Stephen and Shari Ashman Tom Austin Tamara Axelrod Margaret F. Bare Susan R. Baron Winell Belfonte Cynthia Bertolotti Jim and Jennifer Bognet Rebecca R. Bond David Bowers Mitchell J. Bragin Josef Brandenburg Julie and Louis Brill Andrew Brown Kevin and Christina Bull Meredith Byer Steve Callahan Guy Campbell Kelly Cantley Francoise Carrier Susan M. Castellan Jean Cavanaugh John Clarke Tara Clifford Cliff Cohen Carlo and Sally Colella Charles Coleman John and Cristeta Comerford Joyce B. Cormier Edmund Corrothers Eugene Costa Tina L. Dasler Hal C. DeCell Drew Denicoff Brian Ditzler Norman Dreyfuss Ian Duke Paul Ehrenreich Naomi Eisen Jay and Donna Eisenberg Mary Ellsberg Kenny Emson Kristin Faust Alvin and Barbara Feit James and Gwyn Fields Christopher Finley Karen Fitzgerald Gene Ford Asa and Andrea Foss Peter Fosselman Marian Fryer Brian Geib Stephen Giddings Evan Glass Maria E. Godbey Mary Carol Good Jill Goodrich Roland Ann Gray Kathleen Greenberg Sandy and Howard Greer Brian Grosholz Joseph Guggenheim Juanita Hardy Patricia Harris C. Marie Henderson Jeff Hill Ferdinand Hoefner Sally Rudney Scott Hoekman Family Fund Ronald and Christina Hoffman Steve Holmquist Karen Moody Hoskins Ashley Iddings Meral and Tunca Iskir Marcel Jares Mike and Lauren Jezienicki Nick and Tina Johnson Scott Jones Patrick Jordan Linda Kahn Phillip Andrew Bush and Maggie S. Kao Claudia Kedda Rebecca Kehoe Linda Kelly Caroline Kenney Morris and Lynn Kletzkin James Patrick Klima Marcy Knepp William Kominers Glenn R. Kreger Robert Kronenberg Ralph Kuehner Bill Landfair Judith Lapping Ellen Lazar Jack Lester Matthew Leydig Nancy Liebermann R. Andrew Lien Richard Liversidge Stefan LoBuglio Ernest Maier Corazon Manalo-Scordo Samuel Marein-Efron Douglas W. Martin Troy McGhee Anne Mead Ann Marie Mehlert Daniel Meijer Howard Menell James and Tammy Mitchell Ryland L. Mitchell, III Linna M. Barnes and Christian J. Mixter David Moon Aida Mora Judith B. Morenoff John T. Morgan Susan Wiener and Jeffrey Mosley Brigitta Mullican Richard Nelson Marian O’Conor Stephen Oesch Gregory Ossont Marva Oxley David Parrish Craig Pascal Uri Pasternak Jeffrey S. Patch Philip E. Perrine, P.E. Melissa Detriss Perry Walter J. and Carol S. Petzold Diane Jaeger Pittman Laurence Platt Stacey Pugh Simone Putman McLean Quinn Gary Rappaport Larry Ravitz Craig Rice Maryann Leshin and Charles Ridgell Ryan Riel Donald B. and Marion O. Robertson John M. and Patricia Robinson David Rodgers Reemberto Rodriguez Trini Rodriguez Jacqueline H. Rogers Rosenbaum Halliday Fund Lawrence N. Rosenblum Bruce and Ellen Rothschild Fran Rothstein Cynthia Rubenstein Erika Ruiz Jay N. Ryan, Jr. Neita and Robert L. Saloschin Michael Scheffres Michael A. Schlegel Karl Schmidt Dave Schorr Logan Schutz David and Nancy Scull Tara Seeley Michael Selter Raj Setty Mark Simon Mary Lynn Skutley Andrew Smith Richard Smith Stephen Smith Elaine Snider John D. and Elizabeth Spencer Arnold Spevack Deborah Stevenson Larry Stewart Sulema Middleton Stewart Daniel Studnicky Mary Sweeney Janice Tippett John Torti Jenny Towns Jody Leigh Tracey Roberta Ujakovich Alejandro Villacis Mary S. Von Euler Ada Vowell Tom and Lucinda Wahl Thomas and Carolyn Waller Matthew Ward Rich Ward Monica A. Warren-Jones Kathryn M. Watts Charles and Mary Wehrwein Michael A. Wiencek Gwen Wright Margot and Paul Zimmerman Workplace Giving Programs Local Independent Charities of America Foundations Government Ashton United Methodist Church Blechman-Morenoff Foundation Morris Gwendolyn Cafritz Foundation Capital One Bank Center for Housing Policy Center for Nonprofit Advancement Elizabeth and Richard Dubin Foundation Enterprise Community Partners Freddie Mac Foundation Maryland State Department of Education Eugene Agnes E. Meyer Foundation NeighborWorks America The MT Charitable Foundation Wells Fargo Corporations Organizations Acadia Windows Doors Associates Plumbing, Inc. Bank of America (Rockville) The Bernstein Companies Craftmark Homes Inc. The Donaldson Group Duball, LLC EagleBank Edgewood Management Corporation G I Contracting, Inc. Gables Construction Gaithersburg-Germantown Chamber of Commerce Grandbridge Real Estate Capital Hamel Builders Highline Wealth Management Horenberg JBG/Rosenfeld Retail Properties KGRW Associates, LLC Lenkin Management Co., LLC Lerch Early Brewer M T Bank MT Insurance Agency, Inc. The Michaels Development Co., L.P. Miller, Miller Canby, Chtd. Miner Feinstein Architects, LLC Minkoff Company, Inc. Noyes Air Conditioning Contractors, Inc. PSA Insurance and Financial Services Richmond Amer. Homes of MD Safeway, Inc. - Corporate Office SKA Soltesz Sustainable Building Partners Tadjer-Cohen-Edelson Associates, Inc. VMG Resources, LLC Wheaton Kensington Chamber of Commerce 2013 Donors January 1, 2013 to December 31, 2013 FOUNDATION LEVEL ($10,000+) Shari Ashman STEPPING STONE LEVEL ($5,000—$9,999) Victoria Davis Phil Gibbs Jeffrey Slavin Gina and James Williams CIRCLE LEVEL ($1,000—$4,999) Leon W. Andris Cindy Bar Chip and Laura Bay James and Marian Brodsky Nancy Bushwick-Malloy John H. Carman Lois M. Christeller Carlton Einsel David Flanagan Lois Fried Robert and Juliette Goldman Stephen Griffin Sam Gude Ann and Don Hague Juan Holcomb Rhonda Cunningham Holmes and Ira Holmes Christopher King Matthew Leydig Mark Meier S. Marlowe Mentzer Robert and Marlene Mitchell S. Bruce Pascal Jorgen Punda Ken Rehfuss Carol Schatz and David Rodgers Gene and Lauren Sachs Deborah Ratner Salzberg Cindy Sanquist Gail Scott-Parizer Stacy Plotkin Silber Jackie Simon John and Mary Slidell Richard and Julie Smith Mike Withers We strive to grow MHP’s programmatic partners and funding sources to ensure that our properties and neighborhoods are positioned to provide the housing and services residents will need during the economic recovery. With your continued support, our families will have a bright future. Corporate Sponsors Norman Christeller Golf Classic SponsorsPlatinum Level The Bozzuto Group Capital One Citi Foundation CohnReznick Enterprise Silver Level The CT Group Hamel Builders, Inc. Bronze Level BBT Bank Equity Management Foulger-Pratt PNC Bank Circle of Builders January 1, 2013 to December 31, 2013 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 the next level of stability. The Circle of Builders receive invitations to receptions, small gatherings, and other forums that encourage dialogue between business leaders and key stakeholders in Montgomery County. Dinner Sponsor M.A. + Associates Beverage Sponsor Elm Street Development Gift Bag Sponsor EagleBank Putting Contest Sponsor Pettit Family Charitable Foundation Hole-In-One Sponsor Miller, Miller Canby Mulligan Sponsor The Donohoe Companies, Inc. Program Sponsor Gables Residential Hole/Green Package Sponsors AGM Financial Services, Inc. Chase Edgewood Management Corporation Ellisdale Construction, LLC Elm Street Development Lime Rock Contractors Mill Creek Residential Trust Mitchell Best Homebuilders MRP Realty Priority Engineering Services, LLC Raymond James Tax Credit Funds RKR Construction Company VIKA, Inc. VOA Associates Inc. Wiencek + Associates, Architects + Planners Hole/Green Sponsors American Technology Services, Inc. Associates Plumbing, Inc. Bocarsly, Emden, Cowan, Esmail, Arndt, LLP Building Consultants, Inc. D R Electric, Inc. Hudson Housing Capital, LLC Jones Lang LaSalle Lerch, Early Brewer, Chtd. Livingston Fire Protection, Inc. Macris, Hendricks and Glascock, P.A. NeighborWorks America Raffa, P.C. Reno Cavanaugh, PLLC Law Office of Kenneth B. Tecler, LLC Urban Atlantic Montgomery Housing Partnership 12200 Tech Road, Suite 250,  Silver Spring, MD 20904-1983 Phone: (301) 622-2400  •  Fax: (301) 622-2800 www.MHPartners.org
  • 2. Building Dreams through leadership and volunteerism 2013 AccomplishmentsChair President’s Message Montgomery Housing Partnership and Affiliates Summary of Combined Financial Reports Developing vibrant and safe neighborhoods around Montgomery County starts with engaging its citizens to become more involved. For MHP, community building is the key to our success as both a business owner and good neighbor. We encourage our residents, young and old, to support community and civic involvement through neighborhood mobilization, leadership training, and active volunteerism. During 2013, MHP focused heavily on early school readiness, youth leadership development, and parent engagement in addition to our laser focus on providing affordable homes for low- and moderate-income residents. The year was particularly significant for MHP as an organization because we achieved two notable firsts, and celebrated two milestones. These included: n Receiving the 21st Century Learning Center Designation. MHP received the largest grant award ever for the Community Life programs. The 5-year, $1.1 million grant from the Maryland State Department of Education and the 21st Century Learning Centers Program enabled MHP to partner with Arcola Elementary School and create two new innovative afterschool programs focused on strengthening students’ math, science, and reading skills. n Olney Springs, our first for-sale community, is creating first-time homeowners. The 63-acre property features 144 townhomes and detached single- family homes for mixed incomes. It’s MHP’s first for-sale community, co-developed by Elm Street Development. The first families started moving into their newly built homes in Olney Springs in October, just before the holiday season. They included a police officer, a pizza delivery driver, and a divorced single father – all of whom are first-time homeowners. n Angels for Children Toy Drive in Wheaton - 15 years The toy drive highlights MHP’s long-standing collaboration with the Wheaton Volunteer Rescue Squad, the Wheaton and Kensington Chamber of Commerce, and a growing number of its businesses. The groups have mobilized hundreds of volunteers who have supported MHP’s Pembridge Square and Amherst communities with generous donations of toys, games, books, and other gifts during the holiday season since 1998. n Annual Norman Christeller Classic - 25 years For the past 25 years, local businesses and golfers have supported the Golf Classic, which raises funds for the Community Life programs. Helping residents build better lives has been MHP’s focus since it was founded in 1989. During 2013, more than 120 golfers teed off for the cause, and were joined on the putting green and driving range by 20 students from our Community Life programs at Glenville Road Community Center, and Great Hope Homes. Residents often tell us they are initially drawn to our properties because of the affordable rents and convenient locations near transit, but they stay longer because of the support their families receive. This is especially true for the Diops, who have lived in the Glenville Road cul-de-sac in Silver Spring for almost 6 years. Their daughter, Amy, 10, was one of the three students who graced our stage on October 29th during the 2nd Annual Building Community ~ Fulfilling Dreams Benefit Breakfast. Joined by two of her neighbors, Jason Amboo, 13, and Xavier Fredericks, 14, a charismatic Amy shared her Childhood Dream of wanting to be one of the first female presidents of the United States, and how working hard in school and keeping up her straight-As would get her there. It is this holistic approach to providing affordable housing that MHP is most proud of. Whether helping kids excel in school or providing adults and seniors with computer access, nutrition classes, and job training, MHP’s award-winning Community Life programs support the growth and development of all of our residents. MHP was designated a NeighborWorks Green organization during 2013 for our comprehensive commitment to sustainable operations. In the following pages of the Annual Report, you will learn more about how MHP is engaging and mentoring young leaders like Jason, who was a founder of the Glenville Road Green Club. As MHP moves ahead into 2014, we will celebrate the 25th Anniversary of the organization’s founding by engaging a cross section of supporters through a series of events, forums, and other activities. We want to keep you engaged and energized about MHP’s work addressing the affordable housing needs of low- and moderate-income families and neighborhoods across Montgomery County. We’d love for you to join us for an upcoming Building Dreams tour, bring a friend along, and send us any ideas and suggestions you have. Sincerely, Robert A. Goldman, Esq., President Victoria Davis, Board Chair Real Estate Accomplishments n During the first six months, hosted two financial literacy workshops at MHP’s community centers in Silver Spring and Wheaton. The 5-week morning sessions were conducted in Spanish and attended by 38 residents. n In March, started Phase II of construction on an $8.87 million renovation of Parkview Towers, a 125-unit high-rise building in Takoma Park. The property was the first to receive funding through the Jane E. Lawton Conservation Fund, for much needed energy upgrades. n In August, acquired an abandoned 4-unit building in the Glenville Road cul-de-sac with the help of a $500,000 grant through the National Conservation Initiative that helps nonprofits purchase and revitalize foreclosures. n In October, expanded our reach in Up-County by acquiring 425 N. Frederick in Gaithersburg. The property includes 44 garden apartments, and 5,000 square feet of retail space. n In October, the first 10 families started moving into newly built homes at Olney Springs. When completed in 2015, the 32.6 acre mixed-income development will include 57 single family detached homes and 57 townhomes. The property features extensive walking paths, tree- lined streets, tot lots, and a basketball court. n In December, obtained site plan approval to move forward with the financing for and construction of The Bonifant at Silver Spring, a new 11-story high-rise for active seniors in downtown Silver Spring. The 149-unit property will be adjacent to the new public library and future Purple Line light rail station. Community Life Accomplishments New Community Life Programs—The Community Life programs served 1,861 residents during 2013. n In September, partnered with Arcola Elementary School to create two new 21st Century Learning Centers in Wheaton, called Great Achievers Toward Outstanding Results (GATOR). The innovative afterschool enrichment offered programs focused on strengthening the math, reading, and science skills of the low- and moderate-income students it serves. GATOR is supported through a $1.1 million grant over 5 years from the State of Maryland Department of Education. n Partnered with Impact Silver Spring to facilitate weekly sessions for its Neighbor to Neighbor Campaign at Amherst and Pembridge Square on Thursday evenings. Also partnered with the office of Montgomery County Councilmember Nancy Navarro to provide 4 civic classes to 50 residents. n Partnered with Voit, Inc. to provide residents with a number of services, including: free mammogram screenings to 48 residents at Glenville Road, Greenwood Terrace, and Gilbert Highlands; 16 Emergency Preparedness Workshops on emergency procedures related to weather and other natural disasters; and identification cards and DNA samples for 25 students at Pembridge Square, to aid the police in cases of missing children. n Students attending the afterschool program increased their GPA percentage from 3.42 in the first quarter to 3.53 by the end of the school year. Meanwhile, the GPA percentage for preschool students increased from 2.96 to 3.87 over the same period. Neighborhood Revitalization Accomplishments n In May, developed and conducted Long Branch’s first major festival, the Long Branch SuperBlock Party. The event, which merged art, architecture, cultural music and dance, was attended by 2,000 people. n Expanded the Green Clubs to serve 31 youth in two Up-County neighborhoods - Cinnamon Woods in Germantown, and McKendree II in the Montgomery Village section of Gaithersburg. n In September, completed a survey of over 500 renters in the Long Branch neighborhood in close proximity to the proposed location of the Purple Line. The survey revealed concerns about resident displacement with the implementation of the Purple Line. n Assembled a diverse group of community stakeholders to form the Shared Progress Collaborative (SPC), with the goal of studying and advancing recommendations regarding the impact of the Purple Line on the Long Branch neighborhood. n Supported the Long Branch Business League (LBBL) in the development of the Discover Long Branch! event series, which was designed to improve the image of the neighborhood and attract more visitors to the commercial district. Above - Xavier Frederick, Jason Amboo, and Amy Diop from the Glenville Road Green Club. 2013 BALANCE SHEET December 31, 2013 ASSETS Cash and cash equivalents (unrestricted) $13,515,216 Cash (restricted) 0 Investments, Short-Term (less than 90 days) 2,686,400 Accounts receivable 459,981 Restricted project reserves 6,309,160 Deposits, Escrows and tenants’ security 1,710,633 Prepaid expenses and development in process 8,794,583 Property, equipment, net of $39,306,135 depreciation 120,400,656 Loan costs tax credit fees less $984,578 amortization 2,444,309 Total Assets $156,320,938 LIABILITIES and NET ASSETS Accounts payable and accrued expenses $1,206,410 Accrued interest payable 1,287,719 Prepaid rents 226,720 Deferred rent revenue 42,500 Tenant security deposits held 876,220 Secured notes payable 122,061,961 Unsecured notes payable 4,559,620 Total liabilities 130,261,150 Non-controlling interest in partnerships 17,083,995 Unrestricted Net Assets $6,061,641 Temporary Restricted Net Assets 74,716 Permanent Restricted Net Assets 2,839,436 Total net assets 8,975,793 TOTAL LIABILITIES and NET ASSETS $156,320,938 STATEMENT OF ACTIVITIES For 12 Months Ended December 31, 2013 REVENUES (Unrestricted) Rental revenues $17,058,416 Grants 776,560 Cash Donations 216,848 Development fees 468,522 Gain from debt forgiveness 2,502 Interest and investment income 593,802 Special events 113,895 Other income 1,589,578 Satisfaction of program restrictions 57,750 TOTAL REVENUES $20,877,873 EXPENSES Program services Properties in management including interest expense of $3,930,017) $17,577,398 Community Life program development and management 829,797 Other development/management (including interest expense of $56,666) 1,650,081 Supportive services Management and general 883,480 Lobbying - - Fundraising 380,221 TOTAL EXPENSES 21,320,977 Increase in Unrestricted Net Assets $(443,104) Changes in Restricted Net Assets Contributions 9,340 Release of program restrictions (57,750) Decrease in temporarily restricted net assets (48,410) Changes in Permanently Restricted Net Assets Grants 275,000 Release of program restrictions 0 Increase in permanently restricted net assets 275,000 Decrease in net assets (216,514) Increase in net assets due to excess of expenses over revenue attributable to controlling interest 1,202,300 Net assets, beginning of year 7,990,007 NET ASSETS, end of year $8,975,793 Board of Directors/Senior Management 2013 OFFICERS Chair Victoria Davis Urban Atlantic Vice Chair Cynthia Bar Lerch, Early Brewer, Chtd. Secretary Vicky Carrasco University of Maryland Treasurer Linda A. Kelly, CPA Curtis Property Management Corp. BOARD MEMBERS Lilian Catalina Chavarriaga Community Volunteer Barry Flax Goodman, Gable, Gould/Adjusters Intl. Evan Glass Community Volunteer Stephen Holmquist Reno Cavanaugh P.L.L.C. Christopher King King Connections Matt Leydig EagleBank Jorgen Punda Gables Residential Gene S. Sachs CresaPartners Michael A. Schlegel Bozzuto Construction Company Alisa Smedley Montgomery Works Richard Smith Community Volunteer Mary Sokolowski Berlin, Ramos Company, P.A. Rev. Timothy Warner Montgomery County Public Schools MANAGEMENT TEAM Robert A. Goldman, Esq. President Jill E. Goodrich Vice President, Operations Mark Meier Chief Financial Officer S. Marlowe Mentzer Vice President, Finance Artie Harris Vice President, Real Estate Development Neighborhood Revitalization Sulema Middleton Stewart Director of Community Life Programs Devon Elizabeth Seybert Director of Fundraising MHP creates quality affordable homes. It accomplishes its mission by housing people, empowering families, and strengthening neighborhoods. Formed in 1989 as a 501(c)(3) to meet Montgomery County’s growing need for affordable housing, MHP builds, acquires, and rehabilitates apartments, condos, and homes for low- and moderate-income families. Through its affiliates, MHP has developed and owns more than 1,400 units of affordable housing around the county, including in transit-oriented neighborhoods in Gaithersburg, Rockville, Silver Spring, Takoma Park, and Wheaton. Our Focus: MHP’s holistic approach to housing includes providing affordable rents, developing educational programs for residents to develop skills that expand their opportunities, and implementing neighborhood revitalization efforts in communities impacted by foreclosures and the downturn in the economy. MHP is a chartered member of NeighborWorks® America. On behalf of the Board of Directors and staff of Montgomery Housing Partnership (MHP), we are proud to present our 2013 Annual Report, entitled “Building Dreams Through Resident Leadership and Volunteerism.” We had an outstanding year as we focused on our friend-raising efforts around the region, and encouraged more residents to become active volunteers in their neighborhoods and throughout the county. Above – Students from the new Cinnamon Woods Green Club and McKendree Green Club pick up trash and recycling in their respective neighborhoods.
  • 3. Donors Individual, Corporate, Organizations, Government, Foundations January 1, 2013 to December 31, 2013 Individual Donors Anonymous Robert Abrams Bruce T. Adams Victor Agusta Michael Alcamo Nancy Sherwood and Roger Aldridge Rosa Aleman Margaret Allen Rohit Anand Laura Anderson Ernst Aristor Stephen and Shari Ashman Tom Austin Tamara Axelrod Margaret F. Bare Susan R. Baron Winell Belfonte Cynthia Bertolotti Jim and Jennifer Bognet Rebecca R. Bond David Bowers Mitchell J. Bragin Josef Brandenburg Julie and Louis Brill Andrew Brown Kevin and Christina Bull Meredith Byer Steve Callahan Guy Campbell Kelly Cantley Francoise Carrier Susan M. Castellan Jean Cavanaugh John Clarke Tara Clifford Cliff Cohen Carlo and Sally Colella Charles Coleman John and Cristeta Comerford Joyce B. Cormier Edmund Corrothers Eugene Costa Tina L. Dasler Hal C. DeCell Drew Denicoff Brian Ditzler Norman Dreyfuss Ian Duke Paul Ehrenreich Naomi Eisen Jay and Donna Eisenberg Mary Ellsberg Kenny Emson Kristin Faust Alvin and Barbara Feit James and Gwyn Fields Christopher Finley Karen Fitzgerald Gene Ford Asa and Andrea Foss Peter Fosselman Marian Fryer Brian Geib Stephen Giddings Evan Glass Maria E. Godbey Mary Carol Good Jill Goodrich Roland Ann Gray Kathleen Greenberg Sandy and Howard Greer Brian Grosholz Joseph Guggenheim Juanita Hardy Patricia Harris C. Marie Henderson Jeff Hill Ferdinand Hoefner Sally Rudney Scott Hoekman Family Fund Ronald and Christina Hoffman Steve Holmquist Karen Moody Hoskins Ashley Iddings Meral and Tunca Iskir Marcel Jares Mike and Lauren Jezienicki Nick and Tina Johnson Scott Jones Patrick Jordan Linda Kahn Phillip Andrew Bush and Maggie S. Kao Claudia Kedda Rebecca Kehoe Linda Kelly Caroline Kenney Morris and Lynn Kletzkin James Patrick Klima Marcy Knepp William Kominers Glenn R. Kreger Robert Kronenberg Ralph Kuehner Bill Landfair Judith Lapping Ellen Lazar Jack Lester Matthew Leydig Nancy Liebermann R. Andrew Lien Richard Liversidge Stefan LoBuglio Ernest Maier Corazon Manalo-Scordo Samuel Marein-Efron Douglas W. Martin Troy McGhee Anne Mead Ann Marie Mehlert Daniel Meijer Howard Menell James and Tammy Mitchell Ryland L. Mitchell, III Linna M. Barnes and Christian J. Mixter David Moon Aida Mora Judith B. Morenoff John T. Morgan Susan Wiener and Jeffrey Mosley Brigitta Mullican Richard Nelson Marian O’Conor Stephen Oesch Gregory Ossont Marva Oxley David Parrish Craig Pascal Uri Pasternak Jeffrey S. Patch Philip E. Perrine, P.E. Melissa Detriss Perry Walter J. and Carol S. Petzold Diane Jaeger Pittman Laurence Platt Stacey Pugh Simone Putman McLean Quinn Gary Rappaport Larry Ravitz Craig Rice Maryann Leshin and Charles Ridgell Ryan Riel Donald B. and Marion O. Robertson John M. and Patricia Robinson David Rodgers Reemberto Rodriguez Trini Rodriguez Jacqueline H. Rogers Rosenbaum Halliday Fund Lawrence N. Rosenblum Bruce and Ellen Rothschild Fran Rothstein Cynthia Rubenstein Erika Ruiz Jay N. Ryan, Jr. Neita and Robert L. Saloschin Michael Scheffres Michael A. Schlegel Karl Schmidt Dave Schorr Logan Schutz David and Nancy Scull Tara Seeley Michael Selter Raj Setty Mark Simon Mary Lynn Skutley Andrew Smith Richard Smith Stephen Smith Elaine Snider John D. and Elizabeth Spencer Arnold Spevack Deborah Stevenson Larry Stewart Sulema Middleton Stewart Daniel Studnicky Mary Sweeney Janice Tippett John Torti Jenny Towns Jody Leigh Tracey Roberta Ujakovich Alejandro Villacis Mary S. Von Euler Ada Vowell Tom and Lucinda Wahl Thomas and Carolyn Waller Matthew Ward Rich Ward Monica A. Warren-Jones Kathryn M. Watts Charles and Mary Wehrwein Michael A. Wiencek Gwen Wright Margot and Paul Zimmerman Workplace Giving Programs Local Independent Charities of America Foundations Government Ashton United Methodist Church Blechman-Morenoff Foundation Morris Gwendolyn Cafritz Foundation Capital One Bank Center for Housing Policy Center for Nonprofit Advancement Elizabeth and Richard Dubin Foundation Enterprise Community Partners Freddie Mac Foundation Maryland State Department of Education Eugene Agnes E. Meyer Foundation NeighborWorks America The MT Charitable Foundation Wells Fargo Corporations Organizations Acadia Windows Doors Associates Plumbing, Inc. Bank of America (Rockville) The Bernstein Companies Craftmark Homes Inc. The Donaldson Group Duball, LLC EagleBank Edgewood Management Corporation G I Contracting, Inc. Gables Construction Gaithersburg-Germantown Chamber of Commerce Grandbridge Real Estate Capital Hamel Builders Highline Wealth Management Horenberg JBG/Rosenfeld Retail Properties KGRW Associates, LLC Lenkin Management Co., LLC Lerch Early Brewer M T Bank MT Insurance Agency, Inc. The Michaels Development Co., L.P. Miller, Miller Canby, Chtd. Miner Feinstein Architects, LLC Minkoff Company, Inc. Noyes Air Conditioning Contractors, Inc. PSA Insurance and Financial Services Richmond Amer. Homes of MD Safeway, Inc. - Corporate Office SKA Soltesz Sustainable Building Partners Tadjer-Cohen-Edelson Associates, Inc. VMG Resources, LLC Wheaton Kensington Chamber of Commerce 2013 Donors January 1, 2013 to December 31, 2013 FOUNDATION LEVEL ($10,000+) Shari Ashman STEPPING STONE LEVEL ($5,000—$9,999) Victoria Davis Phil Gibbs Jeffrey Slavin Gina and James Williams CIRCLE LEVEL ($1,000—$4,999) Leon W. Andris Cindy Bar Chip and Laura Bay James and Marian Brodsky Nancy Bushwick-Malloy John H. Carman Lois M. Christeller Carlton Einsel David Flanagan Lois Fried Robert and Juliette Goldman Stephen Griffin Sam Gude Ann and Don Hague Juan Holcomb Rhonda Cunningham Holmes and Ira Holmes Christopher King Matthew Leydig Mark Meier S. Marlowe Mentzer Robert and Marlene Mitchell S. Bruce Pascal Jorgen Punda Ken Rehfuss Carol Schatz and David Rodgers Gene and Lauren Sachs Deborah Ratner Salzberg Cindy Sanquist Gail Scott-Parizer Stacy Plotkin Silber Jackie Simon John and Mary Slidell Richard and Julie Smith Mike Withers We strive to grow MHP’s programmatic partners and funding sources to ensure that our properties and neighborhoods are positioned to provide the housing and services residents will need during the economic recovery. With your continued support, our families will have a bright future. Corporate Sponsors Norman Christeller Golf Classic SponsorsPlatinum Level The Bozzuto Group Capital One Citi Foundation CohnReznick Enterprise Silver Level The CT Group Hamel Builders, Inc. Bronze Level BBT Bank Equity Management Foulger-Pratt PNC Bank Circle of Builders January 1, 2013 to December 31, 2013 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 the next level of stability. The Circle of Builders receive invitations to receptions, small gatherings, and other forums that encourage dialogue between business leaders and key stakeholders in Montgomery County. Dinner Sponsor M.A. + Associates Beverage Sponsor Elm Street Development Gift Bag Sponsor EagleBank Putting Contest Sponsor Pettit Family Charitable Foundation Hole-In-One Sponsor Miller, Miller Canby Mulligan Sponsor The Donohoe Companies, Inc. Program Sponsor Gables Residential Hole/Green Package Sponsors AGM Financial Services, Inc. Chase Edgewood Management Corporation Ellisdale Construction, LLC Elm Street Development Lime Rock Contractors Mill Creek Residential Trust Mitchell Best Homebuilders MRP Realty Priority Engineering Services, LLC Raymond James Tax Credit Funds RKR Construction Company VIKA, Inc. VOA Associates Inc. Wiencek + Associates, Architects + Planners Hole/Green Sponsors American Technology Services, Inc. Associates Plumbing, Inc. Bocarsly, Emden, Cowan, Esmail, Arndt, LLP Building Consultants, Inc. D R Electric, Inc. Hudson Housing Capital, LLC Jones Lang LaSalle Lerch, Early Brewer, Chtd. Livingston Fire Protection, Inc. Macris, Hendricks and Glascock, P.A. NeighborWorks America Raffa, P.C. Reno Cavanaugh, PLLC Law Office of Kenneth B. Tecler, LLC Urban Atlantic Montgomery Housing Partnership 12200 Tech Road, Suite 250,  Silver Spring, MD 20904-1983 Phone: (301) 622-2400  •  Fax: (301) 622-2800 www.MHPartners.org
  • 4. Building Dreams through leadership and volunteerism 2013 AccomplishmentsChair President’s Message Montgomery Housing Partnership and Affiliates Summary of Combined Financial Reports Developing vibrant and safe neighborhoods around Montgomery County starts with engaging its citizens to become more involved. For MHP, community building is the key to our success as both a business owner and good neighbor. We encourage our residents, young and old, to support community and civic involvement through neighborhood mobilization, leadership training, and active volunteerism. During 2013, MHP focused heavily on early school readiness, youth leadership development, and parent engagement in addition to our laser focus on providing affordable homes for low- and moderate-income residents. The year was particularly significant for MHP as an organization because we achieved two notable firsts, and celebrated two milestones. These included: n Receiving the 21st Century Learning Center Designation. MHP received the largest grant award ever for the Community Life programs. The 5-year, $1.1 million grant from the Maryland State Department of Education and the 21st Century Learning Centers Program enabled MHP to partner with Arcola Elementary School and create two new innovative afterschool programs focused on strengthening students’ math, science, and reading skills. n Olney Springs, our first for-sale community, is creating first-time homeowners. The 63-acre property features 144 townhomes and detached single- family homes for mixed incomes. It’s MHP’s first for-sale community, co-developed by Elm Street Development. The first families started moving into their newly built homes in Olney Springs in October, just before the holiday season. They included a police officer, a pizza delivery driver, and a divorced single father – all of whom are first-time homeowners. n Angels for Children Toy Drive in Wheaton - 15 years The toy drive highlights MHP’s long-standing collaboration with the Wheaton Volunteer Rescue Squad, the Wheaton and Kensington Chamber of Commerce, and a growing number of its businesses. The groups have mobilized hundreds of volunteers who have supported MHP’s Pembridge Square and Amherst communities with generous donations of toys, games, books, and other gifts during the holiday season since 1998. n Annual Norman Christeller Classic - 25 years For the past 25 years, local businesses and golfers have supported the Golf Classic, which raises funds for the Community Life programs. Helping residents build better lives has been MHP’s focus since it was founded in 1989. During 2013, more than 120 golfers teed off for the cause, and were joined on the putting green and driving range by 20 students from our Community Life programs at Glenville Road Community Center, and Great Hope Homes. Residents often tell us they are initially drawn to our properties because of the affordable rents and convenient locations near transit, but they stay longer because of the support their families receive. This is especially true for the Diops, who have lived in the Glenville Road cul-de-sac in Silver Spring for almost 6 years. Their daughter, Amy, 10, was one of the three students who graced our stage on October 29th during the 2nd Annual Building Community ~ Fulfilling Dreams Benefit Breakfast. Joined by two of her neighbors, Jason Amboo, 13, and Xavier Fredericks, 14, a charismatic Amy shared her Childhood Dream of wanting to be one of the first female presidents of the United States, and how working hard in school and keeping up her straight-As would get her there. It is this holistic approach to providing affordable housing that MHP is most proud of. Whether helping kids excel in school or providing adults and seniors with computer access, nutrition classes, and job training, MHP’s award-winning Community Life programs support the growth and development of all of our residents. MHP was designated a NeighborWorks Green organization during 2013 for our comprehensive commitment to sustainable operations. In the following pages of the Annual Report, you will learn more about how MHP is engaging and mentoring young leaders like Jason, who was a founder of the Glenville Road Green Club. As MHP moves ahead into 2014, we will celebrate the 25th Anniversary of the organization’s founding by engaging a cross section of supporters through a series of events, forums, and other activities. We want to keep you engaged and energized about MHP’s work addressing the affordable housing needs of low- and moderate-income families and neighborhoods across Montgomery County. We’d love for you to join us for an upcoming Building Dreams tour, bring a friend along, and send us any ideas and suggestions you have. Sincerely, Robert A. Goldman, Esq., President Victoria Davis, Board Chair Real Estate Accomplishments n During the first six months, hosted two financial literacy workshops at MHP’s community centers in Silver Spring and Wheaton. The 5-week morning sessions were conducted in Spanish and attended by 38 residents. n In March, started Phase II of construction on an $8.87 million renovation of Parkview Towers, a 125-unit high-rise building in Takoma Park. The property was the first to receive funding through the Jane E. Lawton Conservation Fund, for much needed energy upgrades. n In August, acquired an abandoned 4-unit building in the Glenville Road cul-de-sac with the help of a $500,000 grant through the National Conservation Initiative that helps nonprofits purchase and revitalize foreclosures. n In October, expanded our reach in Up-County by acquiring 425 N. Frederick in Gaithersburg. The property includes 44 garden apartments, and 5,000 square feet of retail space. n In October, the first 10 families started moving into newly built homes at Olney Springs. When completed in 2015, the 32.6 acre mixed-income development will include 57 single family detached homes and 57 townhomes. The property features extensive walking paths, tree- lined streets, tot lots, and a basketball court. n In December, obtained site plan approval to move forward with the financing for and construction of The Bonifant at Silver Spring, a new 11-story high-rise for active seniors in downtown Silver Spring. The 149-unit property will be adjacent to the new public library and future Purple Line light rail station. Community Life Accomplishments New Community Life Programs—The Community Life programs served 1,861 residents during 2013. n In September, partnered with Arcola Elementary School to create two new 21st Century Learning Centers in Wheaton, called Great Achievers Toward Outstanding Results (GATOR). The innovative afterschool enrichment offered programs focused on strengthening the math, reading, and science skills of the low- and moderate-income students it serves. GATOR is supported through a $1.1 million grant over 5 years from the State of Maryland Department of Education. n Partnered with Impact Silver Spring to facilitate weekly sessions for its Neighbor to Neighbor Campaign at Amherst and Pembridge Square on Thursday evenings. Also partnered with the office of Montgomery County Councilmember Nancy Navarro to provide 4 civic classes to 50 residents. n Partnered with Voit, Inc. to provide residents with a number of services, including: free mammogram screenings to 48 residents at Glenville Road, Greenwood Terrace, and Gilbert Highlands; 16 Emergency Preparedness Workshops on emergency procedures related to weather and other natural disasters; and identification cards and DNA samples for 25 students at Pembridge Square, to aid the police in cases of missing children. n Students attending the afterschool program increased their GPA percentage from 3.42 in the first quarter to 3.53 by the end of the school year. Meanwhile, the GPA percentage for preschool students increased from 2.96 to 3.87 over the same period. Neighborhood Revitalization Accomplishments n In May, developed and conducted Long Branch’s first major festival, the Long Branch SuperBlock Party. The event, which merged art, architecture, cultural music and dance, was attended by 2,000 people. n Expanded the Green Clubs to serve 31 youth in two Up-County neighborhoods - Cinnamon Woods in Germantown, and McKendree II in the Montgomery Village section of Gaithersburg. n In September, completed a survey of over 500 renters in the Long Branch neighborhood in close proximity to the proposed location of the Purple Line. The survey revealed concerns about resident displacement with the implementation of the Purple Line. n Assembled a diverse group of community stakeholders to form the Shared Progress Collaborative (SPC), with the goal of studying and advancing recommendations regarding the impact of the Purple Line on the Long Branch neighborhood. n Supported the Long Branch Business League (LBBL) in the development of the Discover Long Branch! event series, which was designed to improve the image of the neighborhood and attract more visitors to the commercial district. Above - Xavier Frederick, Jason Amboo, and Amy Diop from the Glenville Road Green Club. 2013 BALANCE SHEET December 31, 2013 ASSETS Cash and cash equivalents (unrestricted) $13,515,216 Cash (restricted) 0 Investments, Short-Term (less than 90 days) 2,686,400 Accounts receivable 459,981 Restricted project reserves 6,309,160 Deposits, Escrows and tenants’ security 1,710,633 Prepaid expenses and development in process 8,794,583 Property, equipment, net of $39,306,135 depreciation 120,400,656 Loan costs tax credit fees less $984,578 amortization 2,444,309 Total Assets $156,320,938 LIABILITIES and NET ASSETS Accounts payable and accrued expenses $1,206,410 Accrued interest payable 1,287,719 Prepaid rents 226,720 Deferred rent revenue 42,500 Tenant security deposits held 876,220 Secured notes payable 122,061,961 Unsecured notes payable 4,559,620 Total liabilities 130,261,150 Non-controlling interest in partnerships 17,083,995 Unrestricted Net Assets $6,061,641 Temporary Restricted Net Assets 74,716 Permanent Restricted Net Assets 2,839,436 Total net assets 8,975,793 TOTAL LIABILITIES and NET ASSETS $156,320,938 STATEMENT OF ACTIVITIES For 12 Months Ended December 31, 2013 REVENUES (Unrestricted) Rental revenues $17,058,416 Grants 776,560 Cash Donations 216,848 Development fees 468,522 Gain from debt forgiveness 2,502 Interest and investment income 593,802 Special events 113,895 Other income 1,589,578 Satisfaction of program restrictions 57,750 TOTAL REVENUES $20,877,873 EXPENSES Program services Properties in management including interest expense of $3,930,017) $17,577,398 Community Life program development and management 829,797 Other development/management (including interest expense of $56,666) 1,650,081 Supportive services Management and general 883,480 Lobbying - - Fundraising 380,221 TOTAL EXPENSES 21,320,977 Increase in Unrestricted Net Assets $(443,104) Changes in Restricted Net Assets Contributions 9,340 Release of program restrictions (57,750) Decrease in temporarily restricted net assets (48,410) Changes in Permanently Restricted Net Assets Grants 275,000 Release of program restrictions 0 Increase in permanently restricted net assets 275,000 Decrease in net assets (216,514) Increase in net assets due to excess of expenses over revenue attributable to controlling interest 1,202,300 Net assets, beginning of year 7,990,007 NET ASSETS, end of year $8,975,793 Board of Directors/Senior Management 2013 OFFICERS Chair Victoria Davis Urban Atlantic Vice Chair Cynthia Bar Lerch, Early Brewer, Chtd. Secretary Vicky Carrasco University of Maryland Treasurer Linda A. Kelly, CPA Curtis Property Management Corp. BOARD MEMBERS Lilian Catalina Chavarriaga Community Volunteer Barry Flax Goodman, Gable, Gould/Adjusters Intl. Evan Glass Community Volunteer Stephen Holmquist Reno Cavanaugh P.L.L.C. Christopher King King Connections Matt Leydig EagleBank Jorgen Punda Gables Residential Gene S. Sachs CresaPartners Michael A. Schlegel Bozzuto Construction Company Alisa Smedley Montgomery Works Richard Smith Community Volunteer Mary Sokolowski Berlin, Ramos Company, P.A. Rev. Timothy Warner Montgomery County Public Schools MANAGEMENT TEAM Robert A. Goldman, Esq. President Jill E. Goodrich Vice President, Operations Mark Meier Chief Financial Officer S. Marlowe Mentzer Vice President, Finance Artie Harris Vice President, Real Estate Development Neighborhood Revitalization Sulema Middleton Stewart Director of Community Life Programs Devon Elizabeth Seybert Director of Fundraising MHP creates quality affordable homes. It accomplishes its mission by housing people, empowering families, and strengthening neighborhoods. Formed in 1989 as a 501(c)(3) to meet Montgomery County’s growing need for affordable housing, MHP builds, acquires, and rehabilitates apartments, condos, and homes for low- and moderate-income families. Through its affiliates, MHP has developed and owns more than 1,400 units of affordable housing around the county, including in transit-oriented neighborhoods in Gaithersburg, Rockville, Silver Spring, Takoma Park, and Wheaton. Our Focus: MHP’s holistic approach to housing includes providing affordable rents, developing educational programs for residents to develop skills that expand their opportunities, and implementing neighborhood revitalization efforts in communities impacted by foreclosures and the downturn in the economy. MHP is a chartered member of NeighborWorks® America. On behalf of the Board of Directors and staff of Montgomery Housing Partnership (MHP), we are proud to present our 2013 Annual Report, entitled “Building Dreams Through Resident Leadership and Volunteerism.” We had an outstanding year as we focused on our friend-raising efforts around the region, and encouraged more residents to become active volunteers in their neighborhoods and throughout the county. Above – Students from the new Cinnamon Woods Green Club and McKendree Green Club pick up trash and recycling in their respective neighborhoods.
  • 5. Building Dreams through leadership and volunteerism 2013 AccomplishmentsChair President’s Message Montgomery Housing Partnership and Affiliates Summary of Combined Financial Reports Developing vibrant and safe neighborhoods around Montgomery County starts with engaging its citizens to become more involved. For MHP, community building is the key to our success as both a business owner and good neighbor. We encourage our residents, young and old, to support community and civic involvement through neighborhood mobilization, leadership training, and active volunteerism. During 2013, MHP focused heavily on early school readiness, youth leadership development, and parent engagement in addition to our laser focus on providing affordable homes for low- and moderate-income residents. The year was particularly significant for MHP as an organization because we achieved two notable firsts, and celebrated two milestones. These included: n Receiving the 21st Century Learning Center Designation. MHP received the largest grant award ever for the Community Life programs. The 5-year, $1.1 million grant from the Maryland State Department of Education and the 21st Century Learning Centers Program enabled MHP to partner with Arcola Elementary School and create two new innovative afterschool programs focused on strengthening students’ math, science, and reading skills. n Olney Springs, our first for-sale community, is creating first-time homeowners. The 63-acre property features 144 townhomes and detached single- family homes for mixed incomes. It’s MHP’s first for-sale community, co-developed by Elm Street Development. The first families started moving into their newly built homes in Olney Springs in October, just before the holiday season. They included a police officer, a pizza delivery driver, and a divorced single father – all of whom are first-time homeowners. n Angels for Children Toy Drive in Wheaton - 15 years The toy drive highlights MHP’s long-standing collaboration with the Wheaton Volunteer Rescue Squad, the Wheaton and Kensington Chamber of Commerce, and a growing number of its businesses. The groups have mobilized hundreds of volunteers who have supported MHP’s Pembridge Square and Amherst communities with generous donations of toys, games, books, and other gifts during the holiday season since 1998. n Annual Norman Christeller Classic - 25 years For the past 25 years, local businesses and golfers have supported the Golf Classic, which raises funds for the Community Life programs. Helping residents build better lives has been MHP’s focus since it was founded in 1989. During 2013, more than 120 golfers teed off for the cause, and were joined on the putting green and driving range by 20 students from our Community Life programs at Glenville Road Community Center, and Great Hope Homes. Residents often tell us they are initially drawn to our properties because of the affordable rents and convenient locations near transit, but they stay longer because of the support their families receive. This is especially true for the Diops, who have lived in the Glenville Road cul-de-sac in Silver Spring for almost 6 years. Their daughter, Amy, 10, was one of the three students who graced our stage on October 29th during the 2nd Annual Building Community ~ Fulfilling Dreams Benefit Breakfast. Joined by two of her neighbors, Jason Amboo, 13, and Xavier Fredericks, 14, a charismatic Amy shared her Childhood Dream of wanting to be one of the first female presidents of the United States, and how working hard in school and keeping up her straight-As would get her there. It is this holistic approach to providing affordable housing that MHP is most proud of. Whether helping kids excel in school or providing adults and seniors with computer access, nutrition classes, and job training, MHP’s award-winning Community Life programs support the growth and development of all of our residents. MHP was designated a NeighborWorks Green organization during 2013 for our comprehensive commitment to sustainable operations. In the following pages of the Annual Report, you will learn more about how MHP is engaging and mentoring young leaders like Jason, who was a founder of the Glenville Road Green Club. As MHP moves ahead into 2014, we will celebrate the 25th Anniversary of the organization’s founding by engaging a cross section of supporters through a series of events, forums, and other activities. We want to keep you engaged and energized about MHP’s work addressing the affordable housing needs of low- and moderate-income families and neighborhoods across Montgomery County. We’d love for you to join us for an upcoming Building Dreams tour, bring a friend along, and send us any ideas and suggestions you have. Sincerely, Robert A. Goldman, Esq., President Victoria Davis, Board Chair Real Estate Accomplishments n During the first six months, hosted two financial literacy workshops at MHP’s community centers in Silver Spring and Wheaton. The 5-week morning sessions were conducted in Spanish and attended by 38 residents. n In March, started Phase II of construction on an $8.87 million renovation of Parkview Towers, a 125-unit high-rise building in Takoma Park. The property was the first to receive funding through the Jane E. Lawton Conservation Fund, for much needed energy upgrades. n In August, acquired an abandoned 4-unit building in the Glenville Road cul-de-sac with the help of a $500,000 grant through the National Conservation Initiative that helps nonprofits purchase and revitalize foreclosures. n In October, expanded our reach in Up-County by acquiring 425 N. Frederick in Gaithersburg. The property includes 44 garden apartments, and 5,000 square feet of retail space. n In October, the first 10 families started moving into newly built homes at Olney Springs. When completed in 2015, the 32.6 acre mixed-income development will include 57 single family detached homes and 57 townhomes. The property features extensive walking paths, tree- lined streets, tot lots, and a basketball court. n In December, obtained site plan approval to move forward with the financing for and construction of The Bonifant at Silver Spring, a new 11-story high-rise for active seniors in downtown Silver Spring. The 149-unit property will be adjacent to the new public library and future Purple Line light rail station. Community Life Accomplishments New Community Life Programs—The Community Life programs served 1,861 residents during 2013. n In September, partnered with Arcola Elementary School to create two new 21st Century Learning Centers in Wheaton, called Great Achievers Toward Outstanding Results (GATOR). The innovative afterschool enrichment offered programs focused on strengthening the math, reading, and science skills of the low- and moderate-income students it serves. GATOR is supported through a $1.1 million grant over 5 years from the State of Maryland Department of Education. n Partnered with Impact Silver Spring to facilitate weekly sessions for its Neighbor to Neighbor Campaign at Amherst and Pembridge Square on Thursday evenings. Also partnered with the office of Montgomery County Councilmember Nancy Navarro to provide 4 civic classes to 50 residents. n Partnered with Voit, Inc. to provide residents with a number of services, including: free mammogram screenings to 48 residents at Glenville Road, Greenwood Terrace, and Gilbert Highlands; 16 Emergency Preparedness Workshops on emergency procedures related to weather and other natural disasters; and identification cards and DNA samples for 25 students at Pembridge Square, to aid the police in cases of missing children. n Students attending the afterschool program increased their GPA percentage from 3.42 in the first quarter to 3.53 by the end of the school year. Meanwhile, the GPA percentage for preschool students increased from 2.96 to 3.87 over the same period. Neighborhood Revitalization Accomplishments n In May, developed and conducted Long Branch’s first major festival, the Long Branch SuperBlock Party. The event, which merged art, architecture, cultural music and dance, was attended by 2,000 people. n Expanded the Green Clubs to serve 31 youth in two Up-County neighborhoods - Cinnamon Woods in Germantown, and McKendree II in the Montgomery Village section of Gaithersburg. n In September, completed a survey of over 500 renters in the Long Branch neighborhood in close proximity to the proposed location of the Purple Line. The survey revealed concerns about resident displacement with the implementation of the Purple Line. n Assembled a diverse group of community stakeholders to form the Shared Progress Collaborative (SPC), with the goal of studying and advancing recommendations regarding the impact of the Purple Line on the Long Branch neighborhood. n Supported the Long Branch Business League (LBBL) in the development of the Discover Long Branch! event series, which was designed to improve the image of the neighborhood and attract more visitors to the commercial district. Above - Xavier Frederick, Jason Amboo, and Amy Diop from the Glenville Road Green Club. 2013 BALANCE SHEET December 31, 2013 ASSETS Cash and cash equivalents (unrestricted) $13,515,216 Cash (restricted) 0 Investments, Short-Term (less than 90 days) 2,686,400 Accounts receivable 459,981 Restricted project reserves 6,309,160 Deposits, Escrows and tenants’ security 1,710,633 Prepaid expenses and development in process 8,794,583 Property, equipment, net of $39,306,135 depreciation 120,400,656 Loan costs tax credit fees less $984,578 amortization 2,444,309 Total Assets $156,320,938 LIABILITIES and NET ASSETS Accounts payable and accrued expenses $1,206,410 Accrued interest payable 1,287,719 Prepaid rents 226,720 Deferred rent revenue 42,500 Tenant security deposits held 876,220 Secured notes payable 122,061,961 Unsecured notes payable 4,559,620 Total liabilities 130,261,150 Non-controlling interest in partnerships 17,083,995 Unrestricted Net Assets $6,061,641 Temporary Restricted Net Assets 74,716 Permanent Restricted Net Assets 2,839,436 Total net assets 8,975,793 TOTAL LIABILITIES and NET ASSETS $156,320,938 STATEMENT OF ACTIVITIES For 12 Months Ended December 31, 2013 REVENUES (Unrestricted) Rental revenues $17,058,416 Grants 776,560 Cash Donations 216,848 Development fees 468,522 Gain from debt forgiveness 2,502 Interest and investment income 593,802 Special events 113,895 Other income 1,589,578 Satisfaction of program restrictions 57,750 TOTAL REVENUES $20,877,873 EXPENSES Program services Properties in management including interest expense of $3,930,017) $17,577,398 Community Life program development and management 829,797 Other development/management (including interest expense of $56,666) 1,650,081 Supportive services Management and general 883,480 Lobbying - - Fundraising 380,221 TOTAL EXPENSES 21,320,977 Increase in Unrestricted Net Assets $(443,104) Changes in Restricted Net Assets Contributions 9,340 Release of program restrictions (57,750) Decrease in temporarily restricted net assets (48,410) Changes in Permanently Restricted Net Assets Grants 275,000 Release of program restrictions 0 Increase in permanently restricted net assets 275,000 Decrease in net assets (216,514) Increase in net assets due to excess of expenses over revenue attributable to controlling interest 1,202,300 Net assets, beginning of year 7,990,007 NET ASSETS, end of year $8,975,793 Board of Directors/Senior Management 2013 OFFICERS Chair Victoria Davis Urban Atlantic Vice Chair Cynthia Bar Lerch, Early Brewer, Chtd. Secretary Vicky Carrasco University of Maryland Treasurer Linda A. Kelly, CPA Curtis Property Management Corp. BOARD MEMBERS Lilian Catalina Chavarriaga Community Volunteer Barry Flax Goodman, Gable, Gould/Adjusters Intl. Evan Glass Community Volunteer Stephen Holmquist Reno Cavanaugh P.L.L.C. Christopher King King Connections Matt Leydig EagleBank Jorgen Punda Gables Residential Gene S. Sachs CresaPartners Michael A. Schlegel Bozzuto Construction Company Alisa Smedley Montgomery Works Richard Smith Community Volunteer Mary Sokolowski Berlin, Ramos Company, P.A. Rev. Timothy Warner Montgomery County Public Schools MANAGEMENT TEAM Robert A. Goldman, Esq. President Jill E. Goodrich Vice President, Operations Mark Meier Chief Financial Officer S. Marlowe Mentzer Vice President, Finance Artie Harris Vice President, Real Estate Development Neighborhood Revitalization Sulema Middleton Stewart Director of Community Life Programs Devon Elizabeth Seybert Director of Fundraising MHP creates quality affordable homes. It accomplishes its mission by housing people, empowering families, and strengthening neighborhoods. Formed in 1989 as a 501(c)(3) to meet Montgomery County’s growing need for affordable housing, MHP builds, acquires, and rehabilitates apartments, condos, and homes for low- and moderate-income families. Through its affiliates, MHP has developed and owns more than 1,400 units of affordable housing around the county, including in transit-oriented neighborhoods in Gaithersburg, Rockville, Silver Spring, Takoma Park, and Wheaton. Our Focus: MHP’s holistic approach to housing includes providing affordable rents, developing educational programs for residents to develop skills that expand their opportunities, and implementing neighborhood revitalization efforts in communities impacted by foreclosures and the downturn in the economy. MHP is a chartered member of NeighborWorks® America. On behalf of the Board of Directors and staff of Montgomery Housing Partnership (MHP), we are proud to present our 2013 Annual Report, entitled “Building Dreams Through Resident Leadership and Volunteerism.” We had an outstanding year as we focused on our friend-raising efforts around the region, and encouraged more residents to become active volunteers in their neighborhoods and throughout the county. Above – Students from the new Cinnamon Woods Green Club and McKendree Green Club pick up trash and recycling in their respective neighborhoods.
  • 6. Donors Individual, Corporate, Organizations, Government, Foundations January 1, 2013 to December 31, 2013 Individual Donors Anonymous Robert Abrams Bruce T. Adams Victor Agusta Michael Alcamo Nancy Sherwood and Roger Aldridge Rosa Aleman Margaret Allen Rohit Anand Laura Anderson Ernst Aristor Stephen and Shari Ashman Tom Austin Tamara Axelrod Tad Baldwin Margaret F. Bare Susan R. Baron Winell Belfonte Cynthia Bertolotti Jim and Jennifer Bognet Rebecca R. Bond David Bowers Mitchell J. Bragin Josef Brandenburg Julie and Louis Brill Andrew Brown Kevin and Christina Bull Meredith Byer Steve Callahan Guy Campbell Kelly Cantley Francoise Carrier Susan M. Castellan Jean Cavanaugh John Clarke Tara Clifford Cliff Cohen Carlo and Sally Colella Charles Coleman John and Cristeta Comerford Joyce B. Cormier Edmund Corrothers Eugene Costa Tina L. Dasler Hal C. DeCell Drew Denicoff Brian Ditzler Norman Dreyfuss Ian Duke Paul Ehrenreich Naomi Eisen Jay and Donna Eisenberg Mary Ellsberg Kenny Emson Kristin Faust Alvin and Barbara Feit James and Gwyn Fields Christopher Finley Karen Fitzgerald Gene Ford Asa and Andrea Foss Peter Fosselman Marian Fryer Brian Geib Stephen Giddings Evan Glass Maria E. Godbey Mary Carol Good Jill Goodrich Roland Ann Gray Kathleen Greenberg Sandy and Howard Greer Brian Grosholz Joseph Guggenheim Juanita Hardy Patricia Harris C. Marie Henderson Jeff Hill Ferdinand Hoefner Sally Rudney Scott Hoekman Family Fund Ronald and Christina Hoffman Steve Holmquist Karen Moody Hoskins Ashley Iddings Meral and Tunca Iskir Marcel Jares Mike and Lauren Jezienicki Nick and Tina Johnson Scott Jones Patrick Jordan Linda Kahn Phillip Andrew Bush and Maggie S. Kao Claudia Kedda Rebecca Kehoe Linda Kelly Caroline Kenney Morris and Lynn Kletzkin James Patrick Klima Marcy Knepp William Kominers Glenn R. Kreger Robert Kronenberg Ralph Kuehner Bill Landfair Judith Lapping Ellen Lazar Jack Lester Matthew Leydig Nancy Liebermann R. Andrew Lien Richard Liversidge Stefan LoBuglio Ernest Maier Corazon Manalo-Scordo Samuel Marein-Efron Douglas W. Martin Troy McGhee Anne Mead Ann Marie Mehlert Daniel Meijer Howard Menell James and Tammy Mitchell Ryland L. Mitchell, III Linna M. Barnes and Christian J. Mixter David Moon Aida Mora Judith B. Morenoff John T. Morgan Susan Wiener and Jeffrey Mosley Brigitta Mullican Richard Nelson Marian O’Conor Stephen Oesch Gregory Ossont Marva Oxley David Parrish Craig Pascal Uri Pasternak Jeffrey S. Patch Philip E. Perrine, P.E. Melissa Detriss Perry Walter J. and Carol S. Petzold Diane Jaeger Pittman Laurence Platt Stacey Pugh Simone Putman McLean Quinn Gary Rappaport Larry Ravitz Craig Rice Maryann Leshin and Charles Ridgell Ryan Riel Donald B. and Marion O. Robertson John M. and Patricia Robinson David Rodgers Reemberto Rodriguez Trini Rodriguez Jacqueline H. Rogers Rosenbaum Halliday Fund Lawrence N. Rosenblum Bruce and Ellen Rothschild Fran Rothstein Cynthia Rubenstein Erika Ruiz Jay N. Ryan, Jr. Neita and Robert L. Saloschin Michael Scheffres Michael A. Schlegel Karl Schmidt Dave Schorr Logan Schutz David and Nancy Scull Tara Seeley Michael Selter Raj Setty Mark Simon Mary Lynn Skutley Andrew Smith Chuck Smith Richard Smith Stephen Smith Elaine Snider John D. and Elizabeth Spencer Arnold Spevack Deborah Stevenson Larry Stewart Sulema Middleton Stewart Daniel Studnicky Mary Sweeney Janice Tippett John Torti Jenny Towns Jody Leigh Tracey John Tracey Roberta Ujakovich Alejandro Villacis Mary S. Von Euler Ada Vowell Tom and Lucinda Wahl Thomas and Carolyn Waller Matthew Ward Rich Ward Monica A. Warren-Jones Kathryn M. Watts Charles and Mary Wehrwein Michael A. Wiencek Gwen Wright Margot and Paul Zimmerman Workplace Giving Programs Local Independent Charities of America Foundations Government Ashton United Methodist Church Blechman-Morenoff Foundation Morris Gwendolyn Cafritz Foundation Capital One Bank Center for Housing Policy Center for Nonprofit Advancement Elizabeth and Richard Dubin Foundation Enterprise Community Partners Freddie Mac Foundation Maryland State Department of Education Eugene Agnes E. Meyer Foundation NeighborWorks America The MT Charitable Foundation Wells Fargo Corporations Organizations Acadia Windows Doors Associates Plumbing, Inc. Bank of America (Rockville) The Bernstein Companies Craftmark Homes Inc. The Donaldson Group Duball, LLC EagleBank Edgewood Management Corporation G I Contracting, Inc. Gables Construction Gaithersburg-Germantown Chamber of Commerce Grandbridge Real Estate Capital Hamel Builders Highline Wealth Management Horenberg JBG/Rosenfeld Retail Properties KGRW Associates, LLC Lenkin Management Co., LLC Lerch Early Brewer M T Bank MT Insurance Agency, Inc. The Michaels Development Co., L.P. Miller, Miller Canby, Chtd. Miner Feinstein Architects, LLC Minkoff Company, Inc. Noyes Air Conditioning Contractors, Inc. PSA Insurance and Financial Services Richmond Amer. Homes of MD Safeway, Inc. - Corporate Office SKA Soltesz Sustainable Building Partners Tadjer-Cohen-Edelson Associates, Inc. VMG Resources, LLC Wheaton Kensington Chamber of Commerce 2013 Donors January 1, 2013 to December 31, 2013 FOUNDATION LEVEL ($10,000+) Shari Ashman STEPPING STONE LEVEL ($5,000—$9,999) Victoria Davis Phil Gibbs Jeffrey Slavin Gina and James Williams CIRCLE LEVEL ($1,000—$4,999) Leon W. Andris Cindy Bar Chip and Laura Bay James and Marian Brodsky Nancy Bushwick-Malloy John H. Carman Lois M. Christeller Carlton Einsel David Flanagan Lois Fried Robert and Juliette Goldman Stephen Griffin Sam Gude Ann and Don Hague Juan Holcomb Rhonda Cunningham Holmes and Ira Holmes Christopher King Matthew Leydig Mark Meier S. Marlowe Mentzer Robert and Marlene Mitchell S. Bruce Pascal Jorgen Punda Ken Rehfuss Carol Schatz and David Rodgers Gene and Lauren Sachs Deborah Ratner Salzberg Cindy Sanquist Gail Scott-Parizer Stacy Plotkin Silber Jackie Simon John and Mary Slidell Richard and Julie Smith Mike Withers We strive to grow MHP’s programmatic partners and funding sources to ensure that our properties and neighborhoods are positioned to provide the housing and services residents will need during the economic recovery. With your continued support, our families will have a bright future. Corporate Sponsors Norman Christeller Golf Classic SponsorsPlatinum Level The Bozzuto Group Capital One Citi Foundation CohnReznick Enterprise Silver Level The CT Group Hamel Builders, Inc. Bronze Level BBT Bank Equity Management Foulger-Pratt PNC Bank Circle of Builders January 1, 2013 to December 31, 2013 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 the next level of stability. The Circle of Builders receive invitations to receptions, small gatherings, and other forums that encourage dialogue between business leaders and key stakeholders in Montgomery County. Dinner Sponsor M.A. + Associates Beverage Sponsor Elm Street Development Gift Bag Sponsor EagleBank Putting Contest Sponsor Pettit Family Charitable Foundation Hole-In-One Sponsor Miller, Miller Canby Mulligan Sponsor The Donohoe Companies, Inc. Program Sponsor Gables Residential Hole/Green Package Sponsors AGM Financial Services, Inc. Chase Edgewood Management Corporation Ellisdale Construction, LLC Elm Street Development Lime Rock Contractors Mill Creek Residential Trust Mitchell Best Homebuilders MRP Realty Priority Engineering Services, LLC Raymond James Tax Credit Funds RKR Construction Company VIKA, Inc. VOA Associates Inc. Wiencek + Associates, Architects + Planners Hole/Green Sponsors American Technology Services, Inc. Associates Plumbing, Inc. Bocarsly, Emden, Cowan, Esmail, Arndt, LLP Building Consultants, Inc. D R Electric, Inc. Hudson Housing Capital, LLC Jones Lang LaSalle Lerch, Early Brewer, Chtd. Livingston Fire Protection, Inc. Macris, Hendricks and Glascock, P.A. NeighborWorks America Raffa, P.C. Reno Cavanaugh, PLLC Law Office of Kenneth B. Tecler, LLC Urban Atlantic Montgomery Housing Partnership 12200 Tech Road, Suite 250,  Silver Spring, MD 20904-1983 Phone: (301) 622-2400  •  Fax: (301) 622-2800 www.MHPartners.org