Overview
What is Montgomery Housing Partnership Inc?
Montgomery Housing Partnership Inc is a nonprofit organization dedicated to providing affordable housing for low-income families in Montgomery County, Maryland. By offering affordable housing, this organization aims to revitalize the neighborhoods where they are located. Beyond just housing, Montgomery Housing Partnership also implements community life programs for its residents. Led by Robert Goldman, the organization is based in Silver Spring, MD. Its primary mission is to ensure that low-income families have access to housing, while making a positive impact on the communities they serve.
Official website here: www.mhpartners.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Montgomery Housing Partnership Inc has earned a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial management. The organization scored 83% overall, with a strong emphasis on Accountability & Finance, which received an 81% score. The charity demonstrates effective governance through having a fully independent board and robust financial oversight measures, all contributing to its credibility.
In terms of community engagement, Montgomery Housing Partnership excels with a notable 91% in Culture & Community. The organization has a high Program Expense Ratio of 81.78%, reflecting its commitment to allocating funds towards its mission. Additionally, constituent feedback mechanisms are exceptionally rated, showcasing the organization’s effectiveness in listening to and incorporating community input into its programming.
Despite the positive ratings, it is important for potential supporters to consider that there may still be areas for improvement, particularly in expanding its outreach and visibility in the community. Nonetheless, the organization’s strong financial practices and community feedback practices highlight its dedication to transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Montgomery Housing Partnership Inc?
70% of reviewers on Facebook recommend Montgomery Housing Partnership Inc. Here is a summary of their reviews:
Many users appreciate the organization's commitment to providing housing for low to moderate-income individuals and families. They highlight the importance of the services offered and the positive impact it has on the community by helping those in need secure stable living conditions.
However, the overall recommendation rate suggests that there are mixed feelings among some patrons. While the nonprofit clearly delivers valuable assistance to a segment of the population, not every reviewer feels that their expectations have been met. Overall, it appears that the organization plays a significant role in supporting vulnerable communities, though there is room for improvement based on user sentiments.
This AI summary has been generated from reviews found on Facebook.
Is Montgomery Housing Partnership Inc legitimate?
Montgomery Housing Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery Housing Partnership Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,006,011
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,119,831
For more financial information, click here
Official website here: www.mhpartners.org
What is the mission statement of Montgomery Housing Partnership Inc?
The Montgomery Housing Partnership is committed to providing affordable housing solutions for low-income families. Its primary goal is to enhance the livability of communities by offering affordable housing options. The organization goes beyond just housing, implementing community life programs to improve the overall well-being of its residents. Montgomery Housing Partnership aims to create vibrant neighborhoods, contributing to the social fabric of the communities it serves. Through its initiatives, the organization strives to offer more than just a place to live, fostering a sense of belonging and opportunity for its residents.
Official website here: www.mhpartners.org
Who is the CEO of Montgomery Housing Partnership Inc?
Robert Goldman is the Chair of Montgomery Housing Partnership Inc.
Official website here: www.mhpartners.org
What is the revenue of Montgomery Housing Partnership Inc?
Montgomery Housing Partnership Inc's revenue in 2022 was $28,385,531.
Official website here: www.mhpartners.org
Who are the executives of Montgomery Housing Partnership Inc and what are their salaries?
The average compensation at Montgomery Housing Partnership Inc during 2022 was $45,339. There are 91 employees and 17 volunteers at Montgomery Housing Partnership Inc.
Here are 29 key members and their salaries:
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- Compensation: $119,162
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- Other: $16,324
Official website here: www.mhpartners.org
Where can I find the form 990 for Montgomery Housing Partnership Inc?
Montgomery Housing Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mhpartners.org
Learn more at the official website: www.mhpartners.org
Mission Statement of Montgomery Housing Partnership Inc
Montgomery Housing Partnership, a notable nonprofit organization, is dedicated to providing affordable housing solutions for low-income families in Maryland. With a strong commitment to its mission, the organization goes beyond just offering housing, aiming to revitalize the communities where its residents live.
The Montgomery Housing Partnership's primary objective is to make a difference in the lives of low-income families by providing them with housing that fits their budget. This essential service not only ensures stability for these families but also sets the foundation for their overall well-being. By offering affordable housing, the organization creates vibrant neighborhoods that thrive and contribute positively to their surroundings.
Beyond the provision of housing, the Montgomery Housing Partnership implements community life programs tailored to its residents. These initiatives aim to foster a sense of belonging and engagement within the communities, contributing to their long-term success and vitality. Robert Goldman leads the organization in its mission to improve the lives of its residents and create sustainable, thriving communities.
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Impact
October, 2024
Montgomery Housing Partnership Inc significantly impacts the community in Montgomery County, Maryland by providing affordable housing for low-income families. By addressing the critical need for accessible housing, the organization helps to stabilize families and enhance their quality of life. In addition to offering affordable living options, Montgomery Housing Partnership focuses on improving neighborhood vitality, creating a more supportive environment for its residents.
Implementing community life programs, the organization fosters social cohesion and empowers residents to engage with one another, promoting personal growth and community well-being. Through these initiatives, Montgomery Housing Partnership not only meets the immediate housing needs of families but also cultivates a sense of belonging and community pride among residents. The work being done ultimately contributes to a healthier, more vibrant Montgomery County, making it a better place for everyone.
This information is meant to be a general summary of Montgomery Housing Partnership Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,860,859
- Program Service Revenue: $13,618,438
- Gross Receipts: $28,447,082
Assets and Liabilities:
- Total Assets: $166,458,126
- Total Liabilities: $134,794,661
- Net Assets: $31,663,465
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$9,222,527
DEVELOPMENT FEES
Revenue
$2,410,439
ASSET AND INCENTIVE MANAGEMENT FE
Revenue
$1,985,472
Organization Details
Founding Year
1989
Phone
(301) 622-2400Principal Officer
Robert Goldman
Main Address
12200 TECH ROAD 250, SILVER SPRING, MD, 20904
Website
www.mhpartners.orgNTEE Category
Code: L200 - Housing
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