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