2025-05-15T09:03:23-05:00 2024-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-07-01 521596171 HOUSING INITIATIVE PARTNERSHIP INC HOUS 3016993835 6525 BELCREST ROAD 555 HYATTSVILLE MD 20782 STEPHANIE PRANGE PROESTEL EXECUTIVE DIRECTOR 3016993835 2025-05-15 1 0 JOSEPH R STROUP P01657031 3178485700 2023 2025-03-06 01:10:19Z STEPHANIE PRANGE PROESTEL 6525 BELCREST ROAD 555 HYATTSVILLE MD 20782 7200442 0 X WWW.HIPHOMES.ORG X 1989 MD HOUSING INITIATIVE PARTNERSHIP, INC. (HIP) DEVELOPS INNOVATIVE AFFORDABLE HOUSING, REVITALIZES NEIGHBORHOODS AND EQUIPS PEOPLE TO ACHIEVE THEIR HOUSING AND FINANCIAL GOALS. HIP'S VISION IS THAT EVERY PERSON LIVES IN HIGH-QUALITY AFFORDABLE HOUSING IN A THRIVING COMMUNITY. 11 11 29 30 0 0 4464830 5781271 17703 722492 -657760 28677 847 45002 3825620 6577442 152766 219501 0 0 2433611 2643734 0 0 138034 1169676 5594604 3756053 8457839 69567 -1880397 6483168 38898282 3550601 33815224 2932567 5083058 X HOUSING INITIATIVE PARTNERSHIP, INC. (HIP) DEVELOPS INNOVATIVE AFFORDABLE HOUSING, REVITALIZES NEIGHBORHOODS AND EQUIPS PEOPLE TO ACHIEVE THEIR HOUSING AND FINANCIAL GOALS. HIP'S VISION IS THAT EVERY PERSON LIVES IN HIGH-QUALITY AFFORDABLE HOUSING IN A THRIVING COMMUNITY. 0 0 2324377 219251 722492 HOUSING COUNSELING - RENTAL EDUCATION AND COUNSELING SERVICES HELP CLIENTS LOCATE AND MAINTAIN AFFORDABLE RENTAL HOUSING. HIP'S COUNSELORS ASSIST WITH HOUSING SEARCH STRATEGIES, FINANCIAL CAPABILITY, TENANT RIGHTS EDUCATION, EVICTION PREVENTION, AND COMMUNICATION WITH LANDLORDS. SERVICES INCLUDE RENT AFFORDABILITY ANALYSIS, IDENTIFICATION OF AFFORDABLE HOUSING OPPORTUNITIES, CREDIT BUILDING, BUDGET ANALYSIS, GROUP EDUCATIONAL SESSIONS (VIRTUAL AND IN PERSON) ON LOCAL AND STATE RENT LAWS, FAIR HOUSING RIGHTS EDUCATION, GUIDANCE ABOUT THE LOCAL EVICTION PROCESS, AND APPLICATION ASSISTANCE FOR EMERGENCY RENT ASSISTANCE AND ALL OTHER RENTAL AND UTILITY ASSISTANCE RESOURCES. HOUSING STABILIZATION - HIP IS THE LEADING PROVIDER OF RAPID REHOUSING SERVICES IN PRINCE GEORGE'S COUNTY. RAPID REHOUSING FOLLOWS A HOUSING FIRST APPROACH AND IS A PRIMARY SOLUTION FOR ENDING HOMELESSNESS. HIP'S CASE MANAGERS PROVIDE HOUSING IDENTIFICATION SERVICES, SHORT-TERM RENTAL ASSISTANCE, AND CASE MANAGEMENT SERVICES TO HELP INDIVIDUALS AND FAMILIES TO QUICKLY EXIT HOMELESSNESS AND SECURE PERMANENT HOUSING. CASE MANAGEMENT SERVICES INCLUDE ASSESSMENT OF BARRIERS TO HOUSING RETENTION, CREATION OF HOUSEHOLD BUDGETS, DEVELOPMENT OF INDIVIDUALIZED HOUSING STABILITY PLANS, TENANCY SKILLS EDUCATION AND COACHING, CONNECTION TO MAINSTREAM BENEFITS AND COMMUNITY RESOURCES, AND ADVOCACY WITH PROPERTY OWNERS AND SERVICE PROVIDERS. THE PROGRAM'S INTENSITY ADJUSTS BASED ON ONGOING ASSESSMENT AND CLIENT PROGRESS.HOME SHARING - HIP LAUNCHED A HOME SHARING PILOT PROGRAM IN JANUARY 2021, IN PARTNERSHIP WITH MONTGOMERY COUNTY DEPARTMENT OF HEALTH AND HUMAN SERVICES (DHHS), IN WHICH HIP FACILITATES STABLE ROOM RENTAL AGREEMENTS BETWEEN HOMEOWNERS AND HOME SEEKERS. THE GOAL OF THE PROGRAM IS TO HELP OLDER HOMEOWNERS AGE IN PLACE BY REDUCING SOCIAL ISOLATION, CREATING MONTHLY INCOME FOR THE HOMEOWNERS, AND ENCOURAGING LONG-TERM RENTAL AGREEMENTS WHERE THE RENTER MAY ALSO ASSIST WITH EXTRA HOUSEKEEPING, ERRANDS, OR TRANSPORTATION HELP IN EXCHANGE FOR LOWER RENT.FINANCIAL EMPOWERMENT CENTER - THE GAITHERSBURG FINANCIAL EMPOWERMENT CENTER OPENED IN MARCH 2022 AS A PARTNERSHIP BETWEEN THE CITY OF GAITHERSBURG AND HIP AS THE NONPROFIT PROVIDER. THE MODEL CALLS FOR FINANCIAL COUNSELING AS A FREE PUBLIC SERVICE OF A MUNICIPALITY. HIP'S CERTIFIED FINANCIAL COUNSELORS PROVIDE FREE, CONFIDENTIAL FINANCIAL COUNSELING TO HELP INDIVIDUALS AND FAMILIES PAY DOWN DEBT, ESTABLISH GOOD CREDIT, DEVELOP BUDGETING SKILLS AND CONNECT TO SAFE, LOWCOST BANKING SYSTEMS. THIS APPROACH IS DATA-DRIVEN AND OUTCOME-FOCUSED, BACKED BY RESEARCH CONFIRMING THAT LOW- AND MODERATE-INCOME CLIENTS CAN MAKE SIGNIFICANT IMPROVEMENTS IN THEIR FINANCIAL SITUATION WITH FINANCIAL COUNSELING. 271495 250 0 RESIDENT SERVICES - HIP'S CORES-CERTIFIED RESIDENT SERVICES PROGRAM ENSURES THAT OUR APARTMENT COMMUNITIES ARE MORE THAN BRICKS AND MORTAR THAT THEY ARE ALSO "HOME AND AN INTEGRAL PART OF THE LARGER NEIGHBORHOOD. OUR GOAL IS TO IMPROVE THE QUALITY OF LIFE AND SELF-SUFFICIENCY OF AT-RISK AND LOW INCOME COMMUNITY RESIDENTS AND TO HELP THEM SUSTAIN HOUSING THEY CAN AFFORD. HIP'S RESIDENT SERVICES PROGRAMS ARE ORGANIZED INTO FOUR AREAS: (1) HOUSING AND FAMILY STABILITY, (2) HEALTH, WELLNESS, AND NUTRITION, (3) EDUCATION, JOB SKILLS, AND COMPUTER TRAINING, AND (4) COMMUNITY AND CIVIC ENGAGEMENT. HIP'S RESIDENT SERVICE COORDINATORS ARE AVAILABLE IN-PERSON AND REMOTELY AS NEEDED, TO PROMOTE ECONOMIC SELF-SUFFICIENCY AND FOSTER CIVIC PARTICIPATION BY PROVIDING A WIDE RANGE OF PROGRAM SERVICES AND BENEFITS, INCLUDING EVENTS AND SOCIAL ACTIVITIES, TECHNOLOGY TRAINING, EMERGENCY ASSISTANCE, CONSULTATION AND REFERRAL ASSISTANCE, FINANCIAL LITERACY EDUCATION, AND JOB REFERRALS AND RESUME WRITING ASSISTANCE. 307676 0 HOMEOWNER REHABILITATION - SINCE 2014, HIP HAS PARTNERED WITH THE PRINCE GEORGE'S COUNTY DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT (DHCD) AND REDEVELOPMENT AUTHORITY OF PRINCE GEORGE'S TO MANAGE THE HOMEOWNER REHABILITATION ASSISTANCE PROGRAM (HRAP) IN WHICH THE COUNTY PROVIDES ZERO INTEREST DEFERRED LOANS TO LOW-INCOME HOMEOWNERS TO UNDERTAKE NECESSARY SAFETY, ACCESSIBILITY AND ENERGY-EFFICIENT UPDATES TO AGING HOMES. HIP PRE-QUALIFIES APPLICANTS FOR LOANS, ENGAGES CONSULTANTS TO PREPARE RENOVATION SCOPES OF WORK, BIDS OUT THE WORK TO QUALIFIED GENERAL CONTRACTORS AND SUPERVISES THE WORK. ALL PROGRAM PARTICIPANTS MEET WITH ONE OF HIP'S HUDCERTIFIED HOUSING COUNSELORS FOR A FINANCIAL COACHING SESSION REVIEWING THEIR BUDGET AND CREDIT AS WELL AS PARTICIPATE IN HIP'S HOME MAINTENANCE WORKSHOP. 5048846 0 SINGLE-FAMILY DEVELOPMENT - HIP PURCHASES AND RENOVATES VACANT AND DILAPIDATED SINGLE-FAMILY HOMES IN OLDER NEIGHBORHOODS (THE HIP HOMES). THESE HIP HOMES ARE SOLD TO QUALIFIED LOW- AND MODERATE INCOME FIRST-TIME HOMEBUYERS. IN SOME CIRCUMSTANCES, HOUSES ARE TORN DOWN AND REPLACED WITH NEW HOMES. REHABILITATED HIP HOMES TYPICALLY REQUIRE EXTENSIVE WORK AND ARE SUBSTANTIALLY RENOVATED WHEN COMPLETED. IN AN AVERAGE REHAB, HIP WILL REPLACE ALL MAJOR SYSTEMS (ROOF, GUTTERS, FURNACE, CENTRAL AIR, HOT WATER HEATER) AND THE ELECTRICAL SYSTEM. IN ADDITION, HIP REPLACES THE KITCHEN AND BATHROOM(S), INSTALLS ALL NEW APPLIANCES (GARBAGE DISPOSAL, DISHWASHER, REFRIGERATOR, STOVE, WASHER AND DRYER), AND REPLACES ALL ELECTRICAL FIXTURES AND FLOORING. AS A GREEN DEVELOPER, HIP PLACES SPECIAL EMPHASIS ON ELECTRIFICATION, ENERGY AND WATER EFFICIENCY AS WELL AS THE USE OF SUSTAINABLE, HEALTHY MATERIALS. HIP'S SIGNATURE FEATURE IS THE ADDITION OF A FRONT PORCH WITH BRIGHTLY COLORED FRONT AND REAR DOOR.MULTI-FAMILY DEVELOPMENT - HIP DEVELOPS HIGH-QUALITY, GREEN, AFFORDABLE MULTIFAMILY RENTAL APARTMENT COMMUNITIES THAT SERVE LOW- AND MODERATE-INCOME RESIDENTS. IN SOME CASES, HIP ENTERS INTO A PARTNERSHIP WITH OTHER MISSION-DRIVEN FOR-PROFIT OR NONPROFIT DEVELOPERS TO CO DEVELOP RENTAL HOUSING IN MARYLAND. HIP HAS PLAYED A ROLE IN THE DEVELOPMENT OF NINE APARTMENT COMMUNITIES WITH OVER 600 UNITS OF AFFORDABLE RENTAL HOUSING ACROSS MARYLAND, INCLUDING PRINCE GEORGE'S, ANNE ARUNDEL, AND CECIL COUNTIES. 5048846 0 7952394 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 30 0 1 29 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MD X X X MARYANN DILLON 3016993835 6525 BELCREST ROAD SUITE 556 HYATTSVILLE MD 20786 MARYANN DILLON EXECUTIVE DIRECTOR (RETIRED FEB. 2024) 37.50 2.50 X 178591 0 3585 STEPHANIE PRANGE PROESTEL EXECUTIVE DIRECTOR 37.50 2.50 X 152065 0 3041 MARY HUNTER DIRECTOR OF HOUSING COUNSELING PROGRAM 37.50 2.50 X 128782 0 2576 MARTIN MELLETT CHAIR 2.00 0.50 X 0 0 0 IVY LEWIS VICE CHAIR 2.00 0.50 X X 0 0 0 WANDA ELLISON-OSBORNE TREASURER 2.00 0.50 X X 0 0 0 RANDY BARBER SECRETARY 2.00 0.50 X X 0 0 0 ANGELA HILL DIRECTOR 2.00 0.50 X 0 0 0 MAE AVENILLA DIRECTOR 2.00 0.50 X 0 0 0 ANDREW JOSEPH DIRECTOR 2.00 0.50 X 0 0 0 ERNA VANCE DIRECTOR 2.00 0.50 X 0 0 0 ABRAHAM GARCIA DIRECTOR 2.00 0.50 X 0 0 0 STEVE BRIGHAM DIRECTOR 2.00 0.50 X 0 0 0 JULIO MURILLO KHADJIBHAEVA DIRECTOR 2.00 0.50 X 0 0 0 SAMUEL PARKER PAST CHAIR EMERITAS 3.00 0.50 X X 0 0 0 459438 0 9202 3 0 1 0 WARREN BUILDS 14503 MAIN STREET UPPER MARLBORO MD 20772 CONSTRUCTION 3170296 LANDSDOWNE DEVELOPMENT CORP 2413 BLACKBERRY COURT BRYANS ROAD DC 20616 CONSTRUCTION 412150 GREATER HEIGHTS REMODELER INC 5900 KINGSFORD PLACE BETHESDA MD 20817 CONSTRUCTION 272355 3 2972 4927046 851253 5781271 RENTAL INCOME 531110 565326 565326 DEVELOPMENT FEE 531390 89109 89109 MANAGEMENT FEE 531310 68057 68057 722492 28677 28677 623000 623000 0 0 DAMAGES & CLEANING 531110 31569 31569 TENANT CHARGES 531110 5678 5678 LAUNDRY & VENDING 531110 4784 4784 2971 2971 45002 6577442 722492 0 73679 219501 219501 468640 400117 46682 21841 1733749 1480247 172702 80800 36232 30934 3609 1689 244465 208721 24351 11393 160648 137159 16002 7487 48727 42523 6204 22852 22852 183973 183973 70705 70705 27987 27987 46646 46646 49331 49331 579155 579155 500723 500723 6713 5882 831 98915 98915 DEVELOPMENT EXPENSES 2716815 2716815 RESIDENT SERVICES 584521 584521 DEPRECIATION - CONSOLID 250347 250347 ADMINISTRATIVE 158535 46681 97030 14824 248659 248659 8457839 7952394 367411 138034 418986 2170719 4946 449 1434276 720096 238752 1150280 28638 35180 100186 79797 17221 20389 459897 510476 61761 2968924 35140460 6483168 38898282 404303 3208805 170017 1170857 26102741 0 1975441 4333661 3550601 33815224 X 2932567 5083058 2932567 5083058 6483168 38898282 X -1880397 35655 1155313 2839920 X X 0 1 X 1 1 1 X 3924179 3748104 4010149 4464830 5781271 21928533 3924179 3748104 4010149 4464830 5781271 21928533 21928533 12144 8668 14006 14839 28677 78334 88376 847 45002 134225 22141092 0.99040 0.99190 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE REIMBURSEMENT - 2021 AMOUNT: $ 88,376. CASH REWARDS - 2022 AMOUNT: $ 711. MISC INCOME - 2022 AMOUNT: $ 136. 2023 AMOUNT: $ 45,002. SCHEDULE A, PART II, LINE 10: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 100186 79797 20389 20389 RIGHT OF USE ASSET 39137 MISC OTHER ASSETS 34899 TENANT DEPOSITS HELD IN TRUST 48382 MORTGAGE ESCROW DEPOSITS 38459 RESERVE REPLACEMENT FUND 138105 OTHER RESERVES 308364 CONSTRUCTION IN PROGRESS 2895062 RESIDENT RECEIVABLES 16355 NOTES RECEIVABLE 288743 CONSOLIDATED ENTITIES - REAL PROPER 31332954 35140460 SECURITY DEPOSITS 42024 ACCRUED WAGES PAYABLE 162469 ACCRUED INTEREST PAYABLE 2644041 DEVELOPMENT FEE 1452630 LEASE LIABILITY 32497 4333661 X 6613097 35655 35655 6577442 0 6577442 8457839 0 8457839 0 8457839 PART X, LINE 2: EVEN THOUGH HIP IS RECOGNIZED AS TAX EXEMPT, IT STILL MAY BE LIABLE FOR TAX ON ITS UNRELATED BUSINESS INCOME (UBI). HIP EVALUATES UNCERTAIN TAX POSITIONS THROUGH ITS REVIEW OF THE SOURCES OF INCOME TO IDENTIFY UBI AND CERTAIN OTHER MATTERS, INCLUDING THOSE WHICH MAY AFFECT ITS TAX EXEMPT STATUS. THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. AS OF JUNE 30, 2024, HIP HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. 1 FOREST DRIVE LIHTC LLC 5 POWELL LANE COLLINGSWOOD NJ 08108 106792 0 REIMBURSEMENT FOR FAIRMONT HEIGHTS - PHASE 2 CONSTRUCTION UPPER MONTGOMERY ASSISTANCE NETWORK PO BOX 416 GAITHERSBURG MD 20877 521648943 501(C)3 112460 0 SUBRECIPIENTS TO HIP FOR CITY OF GAITHERSBURG FINANCIAL EMPOWERMENT GRANT PART I, LINE 2: GRANTS WERE USED FOR THE PURCHASE OF HOMES AND AFTER RECEIVING DOCUMENTATION OF THAT PURPOSE, MINIMAL MONITORING IS REQUIRED. X 0 0 0 0 0 0 0 0 0 MARYANN DILLON EXECUTIVE DIRECTOR (RETIRED FEB. 202 178591 0 0 0 0 0 0 3585 0 0 178591 3585 0 0 STEPHANIE PRANGE PROESTEL EXECUTIVE DIRECTOR 152065 0 0 0 0 0 0 3041 0 0 152065 3041 0 0 FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE IS AUTHORIZED TO TAKE ANY ACTION ON BEHALF OF THE BOARD. ALL ACTION IS TAKEN BY THE BOARD AS A WHOLE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S 990 IS REVIEWED BY THE FULL BOARD BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS ASKED TO COMPLETE AND SIGN THE CONFLICT OF INTEREST POLICY, COPIES OF WHICH ARE MAINTAINED BY THE ADMINISTRATIVE STAFF OF THE ORGANIZATION. STAFF MEMBERS ARE ALSO REQUIRED TO SIGN UPON BEING HIRED AND ARE TRAINED IN POLICY ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THEIR OWN WEBSITE, UPON REQUEST, AND THE FORM 990 IS AVAILABLE ON THE WEBSITE GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTIONS 2,839,920. FORM 990, PART XII, LINE 2C: THESE PROCESSES HAVE NOT CHANGED SINCE THE PRIOR YEAR. 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