donors 2014 donors -...
TRANSCRIPT
INDIVIDUAL DONORSDaniel AbrahamsRobert AbramsGary and Pennie
AbramsonBruce AdamsTimothy AdamsVictor AgustaShah AlamNancy Sherwood and
Roger AldridgeErica AndersonWilliam H. ArnoldNiloofar Ashtary-YazdiThomas AustinTamara AxelrodTad BaldwinLaurie BallengerMargaret F. BareWinell BelfonteEdsel BillingyJudy BirchCharles BlahaManuela BlaneyThomas BloomEmily BlumbergRebecca R. BondMarci BrandJulie and Louis BrillWoody BrosnanMichael BrownLesia BullockMeredith ByerSean CaldwellKimmel CameronJeff CampbelKelly G. Caplan Barbara CasperAnthony CataniaJean CavanaughCandace ChazenDon CheryJennifer ChristianElizabeth ClemmerDorothy CockrellCharles ColemanRobert CollinsJohn and Cristeta
Comerford
Todd ConleyHaynes ConteeJoyce CormierEugene CostaLouise Stoner CrawfordCharles CronerDora CrousePatricia G. Cruz-De-
BarrientosLarry DavisMatthew DealHal C. DeCellVerna DenchiDavid Devlin-FoltzRobert and Eva DillonBrian DitzlerSara DombrauskyNorman DreyfussChris EarleyEmmanuel EgoegonwaDaniel EhrenbergCarla EvansShebra EvansJoseph and Dorothy
FeinbergJames and Gwyn FieldsChristopher FinleyLeila FinucaneKaren FitzgeraldArlene FollmerMadelaine FordMark E. FriisMarian FryerAlison GanslerBrian GeibCindy GibsonStephen GiddingsEvan GlassMaria E. GodbeyJill GoodrichHeidi Modhorst and
Fiona GrantRoland & Ann GrayBrian GrosholzWes GuckertJoseph GuggenheimJohn HarmsJames & Patricia HastingsSheila Hennessey
Eric HerrmannWilliam and Judith HewittFerdinand HoefnerScott HoekmanMatt HoffmanBryan HollanderSteve HolmquistChristine HornJason JacobsonCynthia JamesChristina JohnsonElisa JohnsonTeresa JohnsonKim C. JonesScott JonesJoe JudgeMarc KantorDavid KarasikLinda KellyBruce KennettPaula KingLinda KolkoRose KrasnowGlenn R. KregerRobert KronenbergRalph KuehnerKimberly LagosDavid N. LambEllen-Elizabeth LeeTodd LehmanNancy Liebermann and
Joe GodlesBeverly L. LindsayRichard LiversidgeKaren LordJanet LowenthalRobert MacdougallJane MahaffieCharles A. MaierWilla J. MalloySteve MannionLeslie Y. MarksBill MarmonAlan and Jackie MayersHiroko McCameyTroy McGheeDavid McMillionMichael McNeelyDaniel MeijerK. David MeitAlan MeltzerFred MifflinRyland L. Mitchell, IIIWylie MitchellDavid MoonJudith B. MorenoffJohn T. MorganAudrey MorrisJames R. MorrisJoan MoyersBill and Barbara MurryRichard Y. NelsonMarian O’ConorStephen OeschJill Ortman-Fouse
Gail Scott-Parizer and Michael Parizer
Jason PaxtonJosh PetersWalter J. and
Carol S. PetzoldAngela PipikLaurence PlattStephen PolanBill RainsDavid RamosLarry RavitzJodi ReevesScott W. ReillyDonald B. and
Marion O. RobertsonWyndham and
Elizabeth RobertsonJohn M. and
Patricia RobinsonTrini RodriguezJacqueline H. RogersPeter and Sally RomanScott RoserBruce and Ellen
RothschildCynthia RubensteinCathy RunnelsJay N. Ryan, Jr.Julie SavaneBill ScanlanMarta Brenden and
Bill SchaumanDave SchorrMark SchrieberStephen SeegerTara SeeleyJohn SegretiOdessa M. ShannonJoyce B. SiegelMark SimonMary Lynn SkutleyTina SlaterChuck SmithStephen SmithRick SniffinRobert and Nancy SorengArnold SpevackKenneth StewartLarry StewartMary SweeneyCaroline TouchtonJody Leigh TraceyJohn TraceyKristin TribleDonald Tucker, AIARoberta UjakovichInes VegaAlejandro VillacisMary S. Von EulerAda VowellMartha WaddyJean WalkerRobert WalserJames WaltersMatthew WardMonica A. Warren-JonesCharles and
Mary WehrweinMary Ellen WickhamJeffrey Mosley and
Susan WienerSusan WilkinsonIllona WilliamsNancy Cedar Wilson
Rebecca WilsonKyle WittmanJeff WoodDoris WrightEmily WurtzBruce ZavosAnna ZelinskyMargot and Paul
Zimmerman
CORPORATIONS & ORGANIZATIONS American Technology
Services, Inc.Ballard Spahr, LLPBelvedere LLLPBhargava InternationalCapital BankCapital ConstructionChevy Chase Land
Development CompanyChoice HotelsCohnReznickColombo BankCommonwealth Land Title
Insurance CompanyCommunity Housing/
CPDCCorporate Executive
BoardCraftmark Homes, Inc.Denchfield RoofingEagleBankEnterpriseEYAGables ResidentialGeo-Technology
AssociatesGrandbridge Real Estate
CapitalGreenberg, Wexler & EigHANDLandmark EngineeringLaw Office of Kenneth B.
TeclerLocal Independent
Charities of AmericaMaryland Charity
CampaignMiner Feinstein
Architects, LLCMontgomery County
Young DemocratsNCBNeighborWorks AmericaNoyes Air Conditioning
Contractors, Inc.Peckar & AbramsonRodgers Consulting, Inc.Saint Mark Presbyterian
ChurchSDSE, LLCSolteszTorti GallasUnited Way of Central
MarylandUrban PaceVillage SettlementsWebelo Boy Scout TroupWheaton & Kensington
Chamber of CommerceWheaton Silver Spring
Kiwanis Foundation, Inc.
Wiencek + Associates
FOUNDATIONS & GOVERNMENTBlechman-Morenoff
FoundationCenter for Nonprofit
AdvancementCity of Takoma ParkCommunity Foundation of
Caroll CountyCommunity Foundation of
Montgomery CountyCommunity Foundation
of the National Capital Region
Dav-Jon Family LLCEugene & Agnes E. Meyer
FoundationFreddie Mac FoundationGene and Lauren Sachs
Family FundKeker Family FoundationMaryland State Dept.
of EducationMaryland State Dept. of
Housing & Community Development
Meltzer Group Employee Giving Fund
Montgomery County Council/County Executive
Montgomery County Dept. of Housing & Community Affairs
Morris & Gwendolyn Cafritz Foundation
Rosenbaum Halliday FundSharing MontgomeryTakoma Foundation
IN MEMORY OF Sanford SlavinStephanie BernsteinRich CharnovichJames ClarkBarbara CondosJon and Susan GersonAlix HandelsmanBenet KolmanWilliam KominersBarbara MarenusSusan McGeeMichael MellerRuthanne & Rob MillerCraig PascalSandra PearlmanSherry PetersenRobert and Lillian
Philipson FoundationAna and James SmallNicole VenturaBarbara Zeughauser
IN MEMORY OF Robert Hill and Rosamond McIntoshJoe and Betsy Samuel
IN MEMORY OF Teuntje GoldmanRobert A. Goldman
2014 Donors January 1, 2014 to December 31, 2014
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
Platinum LevelBank of AmericaCapital OneCohnReznickE*TradeEnterpriseNeighborWorks America
Gold LevelCitiHamel BuildersPNC
Silver LevelCT & AssociatesEquity ManagementTD BankWells FargoWiencek + Associates
CirCle of BuilderS January 1, 2014 to December 31, 2014
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.
norman ChriSteller Golf ClaSSiC SponSorS
Lunch SponsorHudson Housing Capital
Beverage SponsorGables Residential
Gift Bag SponsorC.M. Parker & Company, Inc.
Putting Contest SponsorCresa Partners
Mulligan SponsorBuilding Consultants, Inc.The Donohoe Companies
Program SponsorMiller, Miller & Canby
Hole/Green Package SponsorsMacris, Hendricks & Glascock, P.A.Mitchell & Best HomebuildersVIKA
Hole/Green SponsorsAmerican Technology Services, Inc.Associates Plumbing, Inc.Bank of GeorgetownBuilding Consultants, Inc.D & R Electric, Inc.Grandbridge Real Estate CapitalJones Lang LaSalleLerch, Early & Brewer, Chtd.Lime Rock ContractorsLinowes & BlocherNeighborWorks AmericaPeckham & Abramson, P.C.Priority EngineeringLaw Office of Kenneth B. Tecler, LLCThe Traffic GroupVOA Associates
MONTGOMERY HOUSING PARTNERSHIP12200 Tech Road, Suite 250, Silver Spring, MD 20904-1983Phone: (301) 622-2400 • Fax: (301) 622-2800www.MHPartners.org
Bronze LevelBB&TBocarsly Emden Cowan Esmail & Arndt, LLPThe Bozzuto GroupElm Street DevelopmentHumphrey ManagementJBGM&T BankKlein HornigPettit Family FoundationSandy Spring Bank
FOUNDATION LEVEL ($10,000+)Steven and Shari Ashman
STEPPING STONE LEVEL($5,000—$9,999)Leon AndrisPhil GibbsDick PettitGene and Lauren SachsJeffrey SlavinJames and Gina Williams
CIRCLE LEVEL($1,000—$4,999)Thomas AlbertMargaret AllenCynthia BarChip and Laura BayKatherine BoarmanJames and Marian BrodskyNancy Bushwick-MalloyLois M. ChristellerJohn ClarkeVictoria DavisCarlton EinselDavid FlanaganLucy FreemanLois FriedThomas and Angela GallasRobert and Juliette GoldmanConstance A. Wilkinson and Jose GonzalezStephen GriffinSam GudeDon and Ann Hague
Susy Cheston and Artie HarrisRoland HawthorneJuan HolcombRhonda Cunningham Holmes and Ira HolmesChuck and Debora IrishRebecca JonesChristine KaufmanMatthew LeydigIra and Phyllis LiebermanSheila MaithKeith MartinWilliams and Laurel MartinMark MeierRobert and Marlene MitchellPaola MoyaCharles NulsenS. Bruce PascalJoseph PlumpeJorgen PundaKen RehfussCarol Schatz and David RodgersDeborah Ratner SalzbergCindy SanquistMichael A. SchlegelGail Scott-ParizerJohn ShafferStacy Plotkin SilberJackie SimonJohn and Mary SlidellRichard and Julie SmithJohn and Kristine WarnerMichael WiencekChris Woodward
Students from MHP’s Community Life Programs receive their first golf lesson at
Hampshire Greens Golf Course in Silver Spring. The Youth Golf Clinic is a highlight
of the Annual Norman Christeller Classic for both residents and sponsors.
Donors
January 1, 2014 to December 31, 2014
individual, Corporate, orGanizationS, Government, & foundationS
BUILDING DREAMS FROM RENTING TO HOMEOWNERSHIP
WHY I VOLUNTEERNicole Nolasco, MHP Resident
Chair & President’s Message MontgoMery housing PartnershiP and affiliates SUMMARY OF COMBINED FINANCIAL REPORTS
As this 25th Anniversary Annual Report reflects, the last two years have been filled with milestones and dynamic activity for Montgomery Housing Partnership (MHP). We celebrated the organization’s 25th year of providing affordable housing to low- and moderate-income families in Montgomery County by breaking ground on The Bonifant at Silver Spring, our first senior development; and we cut the ribbon at Olney Springs, our first for-sale, mixed income community of townhomes and single-family detached homes.
It’s inspirational for all of us to have been involved in building, strengthening, and maintaining connections to the thousands of children and families who MHP has served since 1989, whether through our multifamily housing, educational enrichment programs, or neighborhood revitalization services. We look forward to continuing this work with our donors, community partners, and volunteers in the neighborhoods we serve into the next decade.
In 2015, your support enabled MHP to serve 338 kids in our preschool and after-school programs. We watched their GPAs increase to a 3.57, an amazing trend that started at 2.8 just a few years ago. We also started a wonderful new summer program to assist first graders who have fallen behind in reading.
Despite a continuing complex economic climate, MHP’s financial performance remained strong, anchored by the ability to secure new financial partnerships and new supporters. The equity fund that we first launched in 2011 has exceeded $10 million in committed funds, and produced great dividends for our real estate development activity. During 2015, MHP focused heavily on expanding affordable housing options for seniors and families through new sources of financing and creative partnerships. As the cover shot reflects, our first such co-developer relationships with Elm Street Development at Olney Springs, and The Donohoe Companies at The Bonifant have been wonderful examples of this progress. Both projects were buoyed by the investments of private lenders and Montgomery County’s dedication to expanding affordable housing options by selling surplus county-owned land.
We invite you to take a closer look at our accomplishments, successes, and challenges during this 25th Anniversary edition, including the two first-time homebuyers, Carmen and Alani, who are profiled in the following pages.
It’s clear that Montgomery County’s economic recovery does not have equal effects on everyone, but we are pleased that MHP has played a small role in helping these two families in Olney, as well as many others, on their way to
While her close-knit family was her inspiration, Nicole credits MHP’s Community Life Programs for giving her the encouragement to aspire to become an artist, and to also give back to her community through volunteerism.
The entire family accompanied then 10-year-old Nicole to the HAND Awards Luncheon & Housing Expo that summer to accept the 1st Place award and gift certificate. Her artwork appeared on the cover of the program book, and she gave a rousing speech to the more than 1,000 housing industry professionals gathered for lunch. She recalls the experience as “priceless.”
While living at Amherst Gardens, Nicole and her siblings have attended MHP’s Play & Learn Circle preschool program and the GATOR Club, which is a new partnership with Arcola Elementary School and funded through a grant from the Maryland State Department of Education and the 21st Century Community Learning Centers to strengthen students’ math, reading, and science skills.
After Nicole graduated from elementary school in 2015, she felt strongly about coming back every day to volunteer her time as a tutor for the younger students. She has also become a vocal resident leader.
“MHP’s programs mean a lot to the residents living in our community because the kids get help with homework and learn other valuable lessons. I love being a volunteer here. The community center gives kids a place to go to get extra help with school work, because our parents sometimes don’t understand or know how to help us with homework. We get better grades because we learn a lot from the teachers, and we feel happy and proud of ourselves when our grades go up!”
Above – MHP President Robert Goldman and Board Chair Cindy Bar (left) with current board members and three of the founding members of MHP’s 1989 Board of Directors—Benson Roberts (back, center), Jackie Simon (front, center), and Tad Baldwin (right).
2014BALANCE SHEETDecember 31, 2014 ASSETS Cash and cash equivalents (unrestricted) $16,466,606 Cash (restricted) - - Investments, Short-Term (less than 90 days) 865,183 Accounts receivable 499,072 Restricted project reserves 7,967,157 Deposits, Escrows and tenants’ security 1,839,026 Prepaid expenses and development in process 2,636,789 Property, equipment, net of $33,085,473 depreciation 130,152,014 Loan costs & tax credit fees less $1,080,208 amortization 2,756,078
TOTAL ASSETS $163,181,925 LIABILITIES AND NET ASSETS Accounts payable and accrued expenses $1,799,136 Accrued interest payable 1,467,321 Prepaid rents 151,892 Deferred rent revenue 126,336 Tenant security deposits held 923,113 Secured notes payable - long term 124,643,175 Unsecured notes payable - long term 5,364,343
TOTAL LIABILITIES 134,475,316 Non-controlling interest in partnerships 19,522,492
Unrestricted Net Assets $6,395,311 Temporary Restricted Net Assets 75,757 Permanent Restricted Net Assets 2,713,049
Total net assets 9,184,117
TOTAL LIABILITIES AND NET ASSETS $163,181,925
STATEMENT OF ACTIVITIES For 12 Months Ended December 31, 2014 REVENUES (UNRESTRICTED) Rental revenues $17,728,987 Grants 925,588 Cash Donations 461,001 Development fees 870,875 Gain from debt forgiveness - - Interest and investment income 126,126 Special events 37,730 Other income 515,620 Satisfaction of program restrictions 405,346
TOTAL REVENUES $21,071,273 EXPENSES Program services Properties in management
(including interest expense of $4,209,894) $18,106,630 Community Life program development and management 1,077,621 Other development/management
(including interest expense of $77,636) 1,786,391 Supportive services Management and general 954,216 Lobbying - - Fundraising 326,269
TOTAL EXPENSES 22,251,127
Decrease in Unrestricted Net Assets $(1,179,854) Changes in Restricted Net Assets Contributions 5,000 Release of program restrictions (3,959)
Increase in temporarily restricted net assets 1,041
Changes in Permanently Restricted Net Assets Grants 275,000 Release of program restrictions (401,387)
Decrease in permanently restricted net assets (126,387)
Decrease in net assets (1,305,200)
Increase in net assets due to excess off revenue over expenses attributable to controlling interest 1,513,524
Net assets, beginning of year 8,975,793
NET ASSETS, END OF YEAR $9,184,117
Board of direCtors and senior ManageMent 2014–2015OFFICERS
ChairCynthia BarLerch, Early & Brewer, Chtd.
Vice ChairMichael A. SchlegelBozzuto Construction Company
SecretaryStephen Holmquist Reno & Cavanaugh P.L.L.C.
TreasurerMary Sokolowski, CPABerlin, Ramos & Company, P.A.
BOARD MEMBERS
Lilian Catalina ChavarriagaCommunity Volunteer
Victoria DavisUrban Atlantic
Madiaw DiopCommunity Volunteer
Lucy FreemanCommunity Volunteer
Evan GlassGhandi Brigade
Linda A. Kelly, CPACurtis Property Management Corp.
Matthew LeydigEagleBank
Paola MoyaMarshall Moya Design
Jorgen PundaGables Residential
Gene S. Sachs Cresa
Alisa SmedleyMontgomery Works
Richard SmithPiedmont Ventures
Rev. Timothy B. WarnerMontgomery County Public Schools
MANAGEMENT TEAM
Robert A. Goldman, Esq.President
Jill E. GoodrichVice President, Operations
Mark MeierChief Financial Officer
Artie HarrisVice President, Real EstateDevelopment
Sulema Middleton StewartVice President, Community Life Programs
Eva DillonDirector of Advancement
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:
Nicole Nolasco’s artistic side was publicly displayed during 2014 after she won the HAND Children’s Art Contest for her drawing of the favorite place in her home – the kitchen table. Nicole lives at MHP’s Amherst Square apartments in Wheaton with her parents and younger brother and sister. She created the artwork during the GATOR afterschool enrichment program for elementary school children that she attended onsite at MHP’s community center.
On behalf of the Board of Directors and staff of Montgomery Housing Partnership (MHP), we are proud to present our 2014 – 2015 Annual Report, entitled “MHP @ 25 - Building Dreams From Renting to Homeownership.”
securing a brighter and more stable financial future for their children through homeownership.
No matter how long you have been connected to MHP, we welcome you as a partner and friend. We’ve had the pleasure of renewing some past relationships and beginning several new ones. Please join us in this journey for the next 25, as we strive to impact every resident, every child, and every family in our program every step of the way.
Sincerely,
Cynthia Bar, Esq., Board Chair, 2014 – 2016 Robert A. Goldman, Esq., President
“The favorite place in my house is the dinner table because it’s where my family and I spend good quality time together.
It’s also where my mother serves my favorite food, “Salchipapas”! — Nicole Nolasco
Resident Volunteer, MHP’s Pembridge Square Community Center
“MHP’s programs mean a lot to the residents living in our community because the kids get help with homework and learn other valuable lessons. I love being a volunteer here.” — Nicole Nolasco
founding Board MeMBers – 1989
Bill MurryAnthony NatelliNathaniel BaldwinEdward Crowley
Richard FishmanEugene LynchMargaret McRoryLaurence Platt
Benson RobertsNelson RosenbaumOdessa ShannonJacqueline Simon
Norman Christeller – President, 1989
BUILDING DREAMS FROM RENTING TO HOMEOWNERSHIP
WHY I VOLUNTEERNicole Nolasco, MHP Resident
Chair & preSident’S meSSaGe montGomery houSinG partnerShip and affiliateS SUMMARY OF COMBINED FINANCIAL REPORTS
As this 25th Anniversary Annual Report reflects, the last two years have been filled with milestones and dynamic activity for Montgomery Housing Partnership (MHP). We celebrated the organization’s 25th year of providing affordable housing to low- and moderate-income families in Montgomery County by breaking ground on The Bonifant at Silver Spring, our first senior development; and we cut the ribbon at Olney Springs, our first for-sale, mixed income community of townhomes and single-family detached homes.
It’s inspirational for all of us to have been involved in building, strengthening, and maintaining connections to the thousands of children and families who MHP has served since 1989, whether through our multifamily housing, educational enrichment programs, or neighborhood revitalization services. We look forward to continuing this work with our donors, community partners, and volunteers in the neighborhoods we serve into the next decade.
Despite a continuing complex economic climate, MHP’s financial performance remained strong, anchored by the ability to secure new financial partnerships and new supporters. The equity fund that we first launched in 2011 has exceeded $10 million in committed funds, and produced great dividends for our real estate development activity. During 2015, MHP focused heavily on expanding affordable housing options for seniors and families through new sources of financing and creative partnerships. As the cover shot reflects, our first such co-developer relationships with Elm Street Development at Olney Springs, and The Donohoe Companies at The Bonifant have been wonderful examples of this progress. Both projects were buoyed by the investments of private lenders and Montgomery County’s dedication to expanding affordable housing options by selling surplus county-owned land.
We invite you to take a closer look at our accomplishments, successes, and challenges during this 25th Anniversary edition, including the two first-time homebuyers, Carmen and Alani, who are profiled in the following pages.
It’s clear that Montgomery County’s economic recovery does not have equal effects on everyone, but we are pleased that MHP has played a
While her close-knit family was her inspiration, Nicole credits MHP’s Community Life Programs for giving her the encouragement to aspire to become an artist, and to also give back to her community through volunteerism.
The entire family accompanied then 10-year-old Nicole to the HAND Awards Luncheon & Housing Expo that summer to accept the 1st Place award and gift certificate. Her artwork appeared on the cover of the program book, and she gave a rousing speech to the more than 1,000 housing industry professionals gathered for lunch. She recalls the experience as “priceless.”
While living at Amherst Gardens, Nicole and her siblings have attended MHP’s Play & Learn Circle preschool program and the GATOR Club, which is a new partnership with Arcola Elementary School and funded through a grant from the Maryland State Department of Education and the 21st Century Community Learning Centers to strengthen students’ math, reading, and science skills.
After Nicole graduated from elementary school in 2015, she felt strongly about coming back every day to volunteer her time as a tutor for the younger students. She has also become a vocal resident leader.
“MHP’s programs mean a lot to the residents living in our community because the kids get help with homework and learn other valuable lessons. I love being a volunteer here. The community center gives kids a place to go to get extra help with school work, because our parents sometimes don’t understand or know how to help us with homework. We get better grades because we learn a lot from the teachers, and we feel happy and proud of ourselves when our grades go up!”
Above – MHP President Robert Goldman and Board Chair Cindy Bar (left) with current board members and three of the founding members of MHP’s 1989 Board of Directors—Benson Roberts (back, center), Jackie Simon (front, center), and Tad Baldwin (right).
2014BALANCE SHEETDecember 31, 2014 ASSETS Cash and cash equivalents (unrestricted) $16,466,606 Cash (restricted) - - Investments, Short-Term (less than 90 days) 865,183 Accounts receivable 499,072 Restricted project reserves 7,967,157 Deposits, Escrows and tenants’ security 1,839,026 Prepaid expenses and development in process 2,636,789 Property, equipment, net of $33,085,473 depreciation 130,152,014 Loan costs & tax credit fees less $1,080,208 amortization 2,756,078
TOTAL ASSETS $163,181,925 LIABILITIES AND NET ASSETS Accounts payable and accrued expenses $1,799,136 Accrued interest payable 1,467,321 Prepaid rents 151,892 Deferred rent revenue 126,336 Tenant security deposits held 923,113 Secured notes payable - long term 124,643,175 Unsecured notes payable - long term 5,364,343
TOTAL LIABILITIES 134,475,316 Non-controlling interest in partnerships 19,522,492
Unrestricted Net Assets $6,395,311 Temporary Restricted Net Assets 75,757 Permanent Restricted Net Assets 2,713,049
Total net assets 9,184,117
TOTAL LIABILITIES AND NET ASSETS $163,181,925
STATEMENT OF ACTIVITIES For 12 Months Ended December 31, 2014 REVENUES (UNRESTRICTED) Rental revenues $17,728,987 Grants 925,588 Cash Donations 461,001 Development fees 870,875 Gain from debt forgiveness - - Interest and investment income 126,126 Special events 37,730 Other income 515,620 Satisfaction of program restrictions 405,346
TOTAL REVENUES $21,071,273 EXPENSES Program services Properties in management
(including interest expense of $4,209,894) $18,106,630 Community Life program development and management 1,077,621 Other development/management
(including interest expense of $77,636) 1,786,391 Supportive services Management and general 954,216 Lobbying - - Fundraising 326,269
TOTAL EXPENSES 22,251,127
Decrease in Unrestricted Net Assets $(1,179,854) Changes in Restricted Net Assets Contributions 5,000 Release of program restrictions (3,959)
Increase in temporarily restricted net assets 1,041
Changes in Permanently Restricted Net Assets Grants 275,000 Release of program restrictions (401,387)
Decrease in permanently restricted net assets (126,387)
Decrease in net assets (1,305,200)
Increase in net assets due to excess off revenue over expenses attributable to controlling interest 1,513,524
Net assets, beginning of year 8,975,793
NET ASSETS, END OF YEAR $9,184,117
Board of direCtorS and Senior manaGement 2014–2015OFFICERS
ChairCynthia BarLerch, Early & Brewer, Chtd.
Vice ChairMichael A. SchlegelBozzuto Construction Company
SecretaryStephen Holmquist Reno & Cavanaugh P.L.L.C.
TreasurerMary Sokolowski, CPABerlin, Ramos & Company, P.A.
BOARD MEMBERS
Lilian Catalina ChavarriagaCommunity Volunteer
Victoria DavisUrban Atlantic
Madiaw DiopCommunity Volunteer
Lucy FreemanCommunity Volunteer
Evan GlassGhandi Brigade
Linda A. Kelly, CPACurtis Property Management Corp.
Matthew LeydigEagleBank
Paola MoyaMarshall Moya Design
Jorgen PundaGables Residential
Gene S. Sachs Cresa
Alisa SmedleyMontgomery Works
Richard SmithPiedmont Ventures
Rev. Timothy B. WarnerMontgomery County Public Schools
MANAGEMENT TEAM
Robert A. Goldman, Esq.President
Jill E. GoodrichVice President, Operations
Mark MeierChief Financial Officer
Artie HarrisVice President, Real EstateDevelopment
Sulema Middleton StewartVice President, Community Life Programs
Eva DillonDirector of Advancement
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:
Nicole Nolasco’s artistic side was publicly displayed during 2014 after she won the HAND Children’s Art Contest for her drawing of the favorite place in her home – the kitchen table. Nicole lives at MHP’s Amherst Square apartments in Wheaton with her parents and younger brother and sister. She created the artwork during the GATOR afterschool enrichment program for elementary school children that she attended onsite at MHP’s community center.
On behalf of the Board of Directors and staff of Montgomery Housing Partnership (MHP), we are proud to present our 2014 – 2015 Annual Report, entitled “MHP @ 25 - Building Dreams From Renting to Homeownership.”
small role in helping these two families in Olney, as well as many others, on their way to securing a brighter and more stable financial future for their children through homeownership.
No matter how long you have been connected to MHP, we welcome you as a partner and friend. We’ve had the pleasure of renewing some past relationships and beginning several new ones. Please join us in this journey for the next 25, as we strive to impact every resident, every child, and every family in our program every step of the way.
Sincerely,
Cynthia Bar, Esq., Board Chair, 2014 – 2016 Robert A. Goldman, Esq., President
foundinG Board memBerS – 1989
Bill MurryAnthony NatelliNathaniel BaldwinEdward Crowley
Richard FishmanEugene LynchMargaret McRoryLaurence Platt
Benson RobertsNelson RosenbaumOdessa ShannonJacqueline Simon
“The favorite place in my house is the dinner table because it’s where my family and I spend good quality time together.
It’s also where my mother serves my favorite food, “Salchipapas”! — Nicole Nolasco
Resident Volunteer, MHP’s Pembridge Square Community Center
“MHP’s programs mean a lot to the residents living in our community because the kids get help with homework and learn other valuable lessons. I love being a volunteer here.” — Nicole Nolasco
Jacqueline Sim
Norman Christeller – President, 1989
BUILDING DREAMS FROM RENTING TO HOMEOWNERSHIP
WHY I VOLUNTEERNicole Nolasco, MHP Resident
Chair & preSident’S meSSaGe montGomery houSinG partnerShip and affiliateS SUMMARY OF COMBINED FINANCIAL REPORTS
As this 25th Anniversary Annual Report reflects, the last two years have been filled with milestones and dynamic activity for Montgomery Housing Partnership (MHP). We celebrated the organization’s 25th year of providing affordable housing to low- and moderate-income families in Montgomery County by breaking ground on The Bonifant at Silver Spring, our first senior development; and we cut the ribbon at Olney Springs, our first for-sale, mixed income community of townhomes and single-family detached homes.
It’s inspirational for all of us to have been involved in building, strengthening, and maintaining connections to the thousands of children and families who MHP has served since 1989, whether through our multifamily housing, educational enrichment programs, or neighborhood revitalization services. We look forward to continuing this work with our donors, community partners, and volunteers in the neighborhoods we serve into the next decade.
Despite a continuing complex economic climate, MHP’s financial performance remained strong, anchored by the ability to secure new financial partnerships and new supporters. The equity fund that we first launched in 2011 has exceeded $10 million in committed funds, and produced great dividends for our real estate development activity. During 2015, MHP focused heavily on expanding affordable housing options for seniors and families through new sources of financing and creative partnerships. As the cover shot reflects, our first such co-developer relationships with Elm Street Development at Olney Springs, and The Donohoe Companies at The Bonifant have been wonderful examples of this progress. Both projects were buoyed by the investments of private lenders and Montgomery County’s dedication to expanding affordable housing options by selling surplus county-owned land.
We invite you to take a closer look at our accomplishments, successes, and challenges during this 25th Anniversary edition, including the two first-time homebuyers, Carmen and Alani, who are profiled in the following pages.
It’s clear that Montgomery County’s economic recovery does not have equal effects on everyone, but we are pleased that MHP has played a
While her close-knit family was her inspiration, Nicole credits MHP’s Community Life Programs for giving her the encouragement to aspire to become an artist, and to also give back to her community through volunteerism.
The entire family accompanied then 10-year-old Nicole to the HAND Awards Luncheon & Housing Expo that summer to accept the 1st Place award and gift certificate. Her artwork appeared on the cover of the program book, and she gave a rousing speech to the more than 1,000 housing industry professionals gathered for lunch. She recalls the experience as “priceless.”
While living at Amherst Gardens, Nicole and her siblings have attended MHP’s Play & Learn Circle preschool program and the GATOR Club, which is a new partnership with Arcola Elementary School and funded through a grant from the Maryland State Department of Education and the 21st Century Community Learning Centers to strengthen students’ math, reading, and science skills.
After Nicole graduated from elementary school in 2015, she felt strongly about coming back every day to volunteer her time as a tutor for the younger students. She has also become a vocal resident leader.
“MHP’s programs mean a lot to the residents living in our community because the kids get help with homework and learn other valuable lessons. I love being a volunteer here. The community center gives kids a place to go to get extra help with school work, because our parents sometimes don’t understand or know how to help us with homework. We get better grades because we learn a lot from the teachers, and we feel happy and proud of ourselves when our grades go up!”
Above – MHP President Robert Goldman and Board Chair Cindy Bar (left) with current board members and three of the founding members of MHP’s 1989 Board of Directors—Benson Roberts (back, center), Jackie Simon (front, center), and Tad Baldwin (right).
2014BALANCE SHEETDecember 31, 2014 ASSETS Cash and cash equivalents (unrestricted) $16,466,606 Cash (restricted) - - Investments, Short-Term (less than 90 days) 865,183 Accounts receivable 499,072 Restricted project reserves 7,967,157 Deposits, Escrows and tenants’ security 1,839,026 Prepaid expenses and development in process 2,636,789 Property, equipment, net of $33,085,473 depreciation 130,152,014 Loan costs & tax credit fees less $1,080,208 amortization 2,756,078
TOTAL ASSETS $163,181,925 LIABILITIES AND NET ASSETS Accounts payable and accrued expenses $1,799,136 Accrued interest payable 1,467,321 Prepaid rents 151,892 Deferred rent revenue 126,336 Tenant security deposits held 923,113 Secured notes payable - long term 124,643,175 Unsecured notes payable - long term 5,364,343
TOTAL LIABILITIES 134,475,316 Non-controlling interest in partnerships 19,522,492
Unrestricted Net Assets $6,395,311 Temporary Restricted Net Assets 75,757 Permanent Restricted Net Assets 2,713,049
Total net assets 9,184,117
TOTAL LIABILITIES AND NET ASSETS $163,181,925
STATEMENT OF ACTIVITIES For 12 Months Ended December 31, 2014 REVENUES (UNRESTRICTED) Rental revenues $17,728,987 Grants 925,588 Cash Donations 461,001 Development fees 870,875 Gain from debt forgiveness - - Interest and investment income 126,126 Special events 37,730 Other income 515,620 Satisfaction of program restrictions 405,346
TOTAL REVENUES $21,071,273 EXPENSES Program services Properties in management
(including interest expense of $4,209,894) $18,106,630 Community Life program development and management 1,077,621 Other development/management
(including interest expense of $77,636) 1,786,391 Supportive services Management and general 954,216 Lobbying - - Fundraising 326,269
TOTAL EXPENSES 22,251,127
Decrease in Unrestricted Net Assets $(1,179,854) Changes in Restricted Net Assets Contributions 5,000 Release of program restrictions (3,959)
Increase in temporarily restricted net assets 1,041
Changes in Permanently Restricted Net Assets Grants 275,000 Release of program restrictions (401,387)
Decrease in permanently restricted net assets (126,387)
Decrease in net assets (1,305,200)
Increase in net assets due to excess off revenue over expenses attributable to controlling interest 1,513,524
Net assets, beginning of year 8,975,793
NET ASSETS, END OF YEAR $9,184,117
Board of direCtorS and Senior manaGement 2014–2015OFFICERS
ChairCynthia BarLerch, Early & Brewer, Chtd.
Vice ChairMichael A. SchlegelBozzuto Construction Company
SecretaryStephen Holmquist Reno & Cavanaugh P.L.L.C.
TreasurerMary Sokolowski, CPABerlin, Ramos & Company, P.A.
BOARD MEMBERS
Lilian Catalina ChavarriagaCommunity Volunteer
Victoria DavisUrban Atlantic
Madiaw DiopCommunity Volunteer
Lucy FreemanCommunity Volunteer
Evan GlassGhandi Brigade
Linda A. Kelly, CPACurtis Property Management Corp.
Matthew LeydigEagleBank
Paola MoyaMarshall Moya Design
Jorgen PundaGables Residential
Gene S. Sachs Cresa
Alisa SmedleyMontgomery Works
Richard SmithPiedmont Ventures
Rev. Timothy B. WarnerMontgomery County Public Schools
MANAGEMENT TEAM
Robert A. Goldman, Esq.President
Jill E. GoodrichVice President, Operations
Mark MeierChief Financial Officer
Artie HarrisVice President, Real EstateDevelopment
Sulema Middleton StewartVice President, Community Life Programs
Eva DillonDirector of Advancement
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:
Nicole Nolasco’s artistic side was publicly displayed during 2014 after she won the HAND Children’s Art Contest for her drawing of the favorite place in her home – the kitchen table. Nicole lives at MHP’s Amherst Square apartments in Wheaton with her parents and younger brother and sister. She created the artwork during the GATOR afterschool enrichment program for elementary school children that she attended onsite at MHP’s community center.
On behalf of the Board of Directors and staff of Montgomery Housing Partnership (MHP), we are proud to present our 2014 – 2015 Annual Report, entitled “MHP @ 25 - Building Dreams From Renting to Homeownership.”
small role in helping these two families in Olney, as well as many others, on their way to securing a brighter and more stable financial future for their children through homeownership.
No matter how long you have been connected to MHP, we welcome you as a partner and friend. We’ve had the pleasure of renewing some past relationships and beginning several new ones. Please join us in this journey for the next 25, as we strive to impact every resident, every child, and every family in our program every step of the way.
Sincerely,
Cynthia Bar, Esq., Board Chair, 2014 – 2016 Robert A. Goldman, Esq., President
foundinG Board memBerS – 1989
Bill MurryAnthony NatelliNathaniel BaldwinEdward Crowley
Richard FishmanEugene LynchMargaret McRoryLaurence Platt
Benson RobertsNelson RosenbaumOdessa ShannonJacqueline Simon
“The favorite place in my house is the dinner table because it’s where my family and I spend good quality time together.
It’s also where my mother serves my favorite food, “Salchipapas”! — Nicole Nolasco
Resident Volunteer, MHP’s Pembridge Square Community Center
“MHP’s programs mean a lot to the residents living in our community because the kids get help with homework and learn other valuable lessons. I love being a volunteer here.” — Nicole Nolasco
Jacqueline Sim
Norman Christeller – President, 1989
INDIVIDUAL DONORSDaniel AbrahamsRobert AbramsGary and Pennie
AbramsonBruce AdamsTimothy AdamsVictor AgustaShah AlamNancy Sherwood and
Roger AldridgeErica AndersonWilliam H. ArnoldNiloofar Ashtary-YazdiThomas AustinTamara AxelrodTad BaldwinLaurie BallengerMargaret F. BareWinell BelfonteEdsel BillingyJudy BirchCharles BlahaManuela BlaneyThomas BloomEmily BlumbergRebecca R. BondMarci BrandJulie and Louis BrillWoody BrosnanMichael BrownLesia BullockMeredith ByerSean CaldwellKimmel CameronJeff CampbelKelly G. Caplan Barbara CasperAnthony CataniaJean CavanaughCandace ChazenDon CheryJennifer ChristianElizabeth ClemmerDorothy CockrellCharles ColemanRobert CollinsJohn and Cristeta
Comerford
Todd ConleyHaynes ConteeJoyce CormierEugene CostaLouise Stoner CrawfordCharles CronerDora CrousePatricia G. Cruz-De-
BarrientosLarry DavisMatthew DealHal C. DeCellVerna DenchiDavid Devlin-FoltzRobert and Eva DillonBrian DitzlerSara DombrauskyNorman DreyfussChris EarleyEmmanuel EgoegonwaDaniel EhrenbergCarla EvansShebra EvansJoseph and Dorothy
FeinbergJames and Gwyn FieldsChristopher FinleyLeila FinucaneKaren FitzgeraldArlene FollmerMadelaine FordMark E. FriisMarian FryerAlison GanslerBrian GeibCindy GibsonStephen GiddingsEvan GlassMaria E. GodbeyJill GoodrichHeidi Modhorst and
Fiona GrantRoland & Ann GrayBrian GrosholzWes GuckertJoseph GuggenheimJohn HarmsJames & Patricia HastingsSheila Hennessey
Eric HerrmannWilliam and Judith HewittFerdinand HoefnerScott HoekmanMatt HoffmanBryan HollanderSteve HolmquistChristine HornJason JacobsonCynthia JamesChristina JohnsonElisa JohnsonTeresa JohnsonKim C. JonesScott JonesJoe JudgeMarc KantorDavid KarasikLinda KellyBruce KennettPaula KingLinda KolkoRose KrasnowGlenn R. KregerRobert KronenbergRalph KuehnerKimberly LagosDavid N. LambEllen-Elizabeth LeeTodd LehmanNancy Liebermann and
Joe GodlesBeverly L. LindsayRichard LiversidgeKaren LordJanet LowenthalRobert MacdougallJane MahaffieCharles A. MaierWilla J. MalloySteve MannionLeslie Y. MarksBill MarmonAlan and Jackie MayersHiroko McCameyTroy McGheeDavid McMillionMichael McNeelyDaniel MeijerK. David MeitAlan MeltzerFred MifflinRyland L. Mitchell, IIIWylie MitchellDavid MoonJudith B. MorenoffJohn T. MorganAudrey MorrisJames R. MorrisJoan MoyersBill and Barbara MurryRichard Y. NelsonMarian O’ConorStephen OeschJill Ortman-Fouse
Gail Scott-Parizer and Michael Parizer
Jason PaxtonJosh PetersWalter J. and
Carol S. PetzoldAngela PipikLaurence PlattStephen PolanBill RainsDavid RamosLarry RavitzJodi ReevesScott W. ReillyDonald B. and
Marion O. RobertsonWyndham and
Elizabeth RobertsonJohn M. and
Patricia RobinsonTrini RodriguezJacqueline H. RogersPeter and Sally RomanScott RoserBruce and Ellen
RothschildCynthia RubensteinCathy RunnelsJay N. Ryan, Jr.Julie SavaneBill ScanlanMarta Brenden and
Bill SchaumanDave SchorrMark SchrieberStephen SeegerTara SeeleyJohn SegretiOdessa M. ShannonJoyce B. SiegelMark SimonMary Lynn SkutleyTina SlaterChuck SmithStephen SmithRick SniffinRobert and Nancy SorengArnold SpevackKenneth StewartLarry StewartMary SweeneyCaroline TouchtonJody Leigh TraceyJohn TraceyKristin TribleDonald Tucker, AIARoberta UjakovichInes VegaAlejandro VillacisMary S. Von EulerAda VowellMartha WaddyJean WalkerRobert WalserJames WaltersMatthew WardMonica A. Warren-JonesCharles and
Mary WehrweinMary Ellen WickhamJeffrey Mosley and
Susan WienerSusan WilkinsonIllona WilliamsNancy Cedar Wilson
Rebecca WilsonKyle WittmanJeff WoodDoris WrightEmily WurtzBruce ZavosAnna ZelinskyMargot and Paul
Zimmerman
CORPORATIONS & ORGANIZATIONS American Technology
Services, Inc.Ballard Spahr, LLPBelvedere LLLPBhargava InternationalCapital BankCapital ConstructionChevy Chase Land
Development CompanyChoice HotelsCohnReznickColombo BankCommonwealth Land Title
Insurance CompanyCommunity Housing/
CPDCCorporate Executive
BoardCraftmark Homes, Inc.Denchfield RoofingEagleBankEnterpriseEYAGables ResidentialGeo-Technology
AssociatesGrandbridge Real Estate
CapitalGreenberg, Wexler & EigHANDLandmark EngineeringLaw Office of Kenneth B.
TeclerLocal Independent
Charities of AmericaMaryland Charity
CampaignMiner Feinstein
Architects, LLCMontgomery County
Young DemocratsNCBNeighborWorks AmericaNoyes Air Conditioning
Contractors, Inc.Peckar & AbramsonRodgers Consulting, Inc.Saint Mark Presbyterian
ChurchSDSE, LLCSolteszTorti GallasUnited Way of Central
MarylandUrban PaceVillage SettlementsWebelo Boy Scout TroupWheaton & Kensington
Chamber of CommerceWheaton Silver Spring
Kiwanis Foundation, Inc.
Wiencek + Associates
FOUNDATIONS & GOVERNMENTBlechman-Morenoff
FoundationCenter for Nonprofit
AdvancementCity of Takoma ParkCommunity Foundation of
Caroll CountyCommunity Foundation of
Montgomery CountyCommunity Foundation
of the National Capital Region
Dav-Jon Family LLCEugene & Agnes E. Meyer
FoundationFreddie Mac FoundationGene and Lauren Sachs
Family FundKeker Family FoundationMaryland State Dept.
of EducationMaryland State Dept. of
Housing & Community Development
Meltzer Group Employee Giving Fund
Montgomery County Council/County Executive
Montgomery County Dept. of Housing & Community Affairs
Morris & Gwendolyn Cafritz Foundation
Rosenbaum Halliday FundSharing MontgomeryTakoma Foundation
IN MEMORY OF Sanford SlavinStephanie BernsteinRich CharnovichJames ClarkBarbara CondosJon and Susan GersonAlix HandelsmanBenet KolmanWilliam KominersBarbara MarenusSusan McGeeMichael MellerRuthanne & Rob MillerCraig PascalSandra PearlmanSherry PetersenRobert and Lillian
Philipson FoundationAna and James SmallNicole VenturaBarbara Zeughauser
IN MEMORY OF Robert Hill and Rosamond McIntoshJoe and Betsy Samuel
IN MEMORY OF Teuntje GoldmanRobert A. Goldman
2014 Donors January 1, 2014 to December 31, 2014
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
Platinum LevelBank of AmericaCapital OneCohnReznickE*TradeEnterpriseNeighborWorks America
Gold LevelCitiHamel BuildersPNC
Silver LevelCT & AssociatesEquity ManagementTD BankWells FargoWiencek + Associates
CirCle of BuilderS January 1, 2014 to December 31, 2014
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.
norman ChriSteller Golf ClaSSiC SponSorS
Lunch SponsorHudson Housing Capital
Beverage SponsorGables Residential
Gift Bag SponsorC.M. Parker & Company, Inc.
Putting Contest SponsorCresa Partners
Mulligan SponsorBuilding Consultants, Inc.The Donohoe Companies
Program SponsorMiller, Miller & Canby
Hole/Green Package SponsorsMacris, Hendricks & Glascock, P.A.Mitchell & Best HomebuildersVIKA
Hole/Green SponsorsAmerican Technology Services, Inc.Associates Plumbing, Inc.Bank of GeorgetownBuilding Consultants, Inc.D & R Electric, Inc.Grandbridge Real Estate CapitalJones Lang LaSalleLerch, Early & Brewer, Chtd.Lime Rock ContractorsLinowes & BlocherNeighborWorks AmericaPeckham & Abramson, P.C.Priority EngineeringLaw Office of Kenneth B. Tecler, LLCThe Traffic GroupVOA Associates
MONTGOMERY HOUSING PARTNERSHIP12200 Tech Road, Suite 250, Silver Spring, MD 20904-1983Phone: (301) 622-2400 • Fax: (301) 622-2800www.MHPartners.org
Bronze LevelBB&TBocarsly Emden Cowan Esmail & Arndt, LLPThe Bozzuto GroupElm Street DevelopmentHumphrey ManagementJBGM&T BankKlein HornigPettit Family FoundationSandy Spring Bank
FOUNDATION LEVEL ($10,000+)Steven and Shari Ashman
STEPPING STONE LEVEL($5,000—$9,999)Leon AndrisPhil GibbsDick PettitGene and Lauren SachsJeffrey SlavinJames and Gina Williams
CIRCLE LEVEL($1,000—$4,999)Thomas AlbertMargaret AllenCynthia BarChip and Laura BayKatherine BoarmanJames and Marian BrodskyNancy Bushwick-MalloyLois M. ChristellerJohn ClarkeVictoria DavisCarlton EinselDavid FlanaganLucy FreemanLois FriedThomas and Angela GallasRobert and Juliette GoldmanConstance A. Wilkinson and Jose GonzalezStephen GriffinSam GudeDon and Ann Hague
Susy Cheston and Artie HarrisRoland HawthorneJuan HolcombRhonda Cunningham Holmes and Ira HolmesChuck and Debora IrishRebecca JonesChristine KaufmanMatthew LeydigIra and Phyllis LiebermanSheila MaithKeith MartinWilliams and Laurel MartinMark MeierRobert and Marlene MitchellPaola MoyaCharles NulsenS. Bruce PascalJoseph PlumpeJorgen PundaKen RehfussCarol Schatz and David RodgersDeborah Ratner SalzbergCindy SanquistMichael A. SchlegelGail Scott-ParizerJohn ShafferStacy Plotkin SilberJackie SimonJohn and Mary SlidellRichard and Julie SmithJohn and Kristine WarnerMichael WiencekChris Woodward
Students from MHP’s Community Life Programs receive their first golf lesson at
Hampshire Greens Golf Course in Silver Spring. The Youth Golf Clinic is a highlight
of the Annual Norman Christeller Classic for both residents and sponsors.
Donors
January 1, 2014 to December 31, 2014
individual, Corporate, orGanizationS, Government, & foundationS
INDIVIDUAL DONORSDaniel AbrahamsRobert AbramsGary and Pennie
AbramsonBruce AdamsTimothy AdamsVictor AgustaShah AlamNancy Sherwood and
Roger AldridgeErica AndersonWilliam H. ArnoldNiloofar Ashtary-YazdiThomas AustinTamara AxelrodTad BaldwinLaurie BallengerMargaret F. BareWinell BelfonteEdsel BillingyJudy BirchCharles BlahaManuela BlaneyThomas BloomEmily BlumbergRebecca R. BondMarci BrandJulie and Louis BrillWoody BrosnanMichael BrownLesia BullockMeredith ByerSean CaldwellKimmel CameronJeff CampbelKelly G. Caplan Barbara CasperAnthony CataniaJean CavanaughCandace ChazenDon CheryJennifer ChristianElizabeth ClemmerDorothy CockrellCharles ColemanRobert CollinsJohn and Cristeta
Comerford
Todd ConleyHaynes ConteeJoyce CormierEugene CostaLouise Stoner CrawfordCharles CronerDora CrousePatricia G. Cruz-De-
BarrientosLarry DavisMatthew DealHal C. DeCellVerna DenchiDavid Devlin-FoltzRobert and Eva DillonBrian DitzlerSara DombrauskyNorman DreyfussChris EarleyEmmanuel EgoegonwaDaniel EhrenbergCarla EvansShebra EvansJoseph and Dorothy
FeinbergJames and Gwyn FieldsChristopher FinleyLeila FinucaneKaren FitzgeraldArlene FollmerMadelaine FordMark E. FriisMarian FryerAlison GanslerBrian GeibCindy GibsonStephen GiddingsEvan GlassMaria E. GodbeyJill GoodrichHeidi Modhorst and
Fiona GrantRoland & Ann GrayBrian GrosholzWes GuckertJoseph GuggenheimJohn HarmsJames & Patricia HastingsSheila Hennessey
Eric HerrmannWilliam and Judith HewittFerdinand HoefnerScott HoekmanMatt HoffmanBryan HollanderSteve HolmquistChristine HornJason JacobsonCynthia JamesChristina JohnsonElisa JohnsonTeresa JohnsonKim C. JonesScott JonesJoe JudgeMarc KantorDavid KarasikLinda KellyBruce KennettPaula KingLinda KolkoRose KrasnowGlenn R. KregerRobert KronenbergRalph KuehnerKimberly LagosDavid N. LambEllen-Elizabeth LeeTodd LehmanNancy Liebermann and
Joe GodlesBeverly L. LindsayRichard LiversidgeKaren LordJanet LowenthalRobert MacdougallJane MahaffieCharles A. MaierWilla J. MalloySteve MannionLeslie Y. MarksBill MarmonAlan and Jackie MayersHiroko McCameyTroy McGheeDavid McMillionMichael McNeelyDaniel MeijerK. David MeitAlan MeltzerFred MifflinRyland L. Mitchell, IIIWylie MitchellDavid MoonJudith B. MorenoffJohn T. MorganAudrey MorrisJames R. MorrisJoan MoyersBill and Barbara MurryRichard Y. NelsonMarian O’ConorStephen OeschJill Ortman-Fouse
Gail Scott-Parizer and Michael Parizer
Jason PaxtonJosh PetersWalter J. and
Carol S. PetzoldAngela PipikLaurence PlattStephen PolanBill RainsDavid RamosLarry RavitzJodi ReevesScott W. ReillyDonald B. and
Marion O. RobertsonWyndham and
Elizabeth RobertsonJohn M. and
Patricia RobinsonTrini RodriguezJacqueline H. RogersPeter and Sally RomanScott RoserBruce and Ellen
RothschildCynthia RubensteinCathy RunnelsJay N. Ryan, Jr.Julie SavaneBill ScanlanMarta Brenden and
Bill SchaumanDave SchorrMark SchrieberStephen SeegerTara SeeleyJohn SegretiOdessa M. ShannonJoyce B. SiegelMark SimonMary Lynn SkutleyTina SlaterChuck SmithStephen SmithRick SniffinRobert and Nancy SorengArnold SpevackKenneth StewartLarry StewartMary SweeneyCaroline TouchtonJody Leigh TraceyJohn TraceyKristin TribleDonald Tucker, AIARoberta UjakovichInes VegaAlejandro VillacisMary S. Von EulerAda VowellMartha WaddyJean WalkerRobert WalserJames WaltersMatthew WardMonica A. Warren-JonesCharles and
Mary WehrweinMary Ellen WickhamJeffrey Mosley and
Susan WienerSusan WilkinsonIllona WilliamsNancy Cedar Wilson
Rebecca WilsonKyle WittmanJeff WoodDoris WrightEmily WurtzBruce ZavosAnna ZelinskyMargot and Paul
Zimmerman
CORPORATIONS & ORGANIZATIONS American Technology
Services, Inc.Ballard Spahr, LLPBelvedere LLLPBhargava InternationalCapital BankCapital ConstructionChevy Chase Land
Development CompanyChoice HotelsCohnReznickColombo BankCommonwealth Land Title
Insurance CompanyCommunity Housing/
CPDCCorporate Executive
BoardCraftmark Homes, Inc.Denchfield RoofingEagleBankEnterpriseEYAGables ResidentialGeo-Technology
AssociatesGrandbridge Real Estate
CapitalGreenberg, Wexler & EigHANDLandmark EngineeringLaw Office of Kenneth B.
TeclerLocal Independent
Charities of AmericaMaryland Charity
CampaignMiner Feinstein
Architects, LLCMontgomery County
Young DemocratsNCBNeighborWorks AmericaNoyes Air Conditioning
Contractors, Inc.Peckar & AbramsonRodgers Consulting, Inc.Saint Mark Presbyterian
ChurchSDSE, LLCSolteszTorti GallasUnited Way of Central
MarylandUrban PaceVillage SettlementsWebelo Boy Scout TroupWheaton & Kensington
Chamber of CommerceWheaton Silver Spring
Kiwanis Foundation, Inc.
Wiencek + Associates
FOUNDATIONS & GOVERNMENTBlechman-Morenoff
FoundationCenter for Nonprofit
AdvancementCity of Takoma ParkCommunity Foundation of
Caroll CountyCommunity Foundation of
Montgomery CountyCommunity Foundation
of the National Capital Region
Dav-Jon Family LLCEugene & Agnes E. Meyer
FoundationFreddie Mac FoundationGene and Lauren Sachs
Family FundKeker Family FoundationMaryland State Dept.
of EducationMaryland State Dept. of
Housing & Community Development
Meltzer Group Employee Giving Fund
Montgomery County Council/County Executive
Montgomery County Dept. of Housing & Community Affairs
Morris & Gwendolyn Cafritz Foundation
Rosenbaum Halliday FundSharing MontgomeryTakoma Foundation
IN MEMORY OF Sanford SlavinStephanie BernsteinRich CharnovichJames ClarkBarbara CondosJon and Susan GersonAlix HandelsmanBenet KolmanWilliam KominersBarbara MarenusSusan McGeeMichael MellerRuthanne & Rob MillerCraig PascalSandra PearlmanSherry PetersenRobert and Lillian
Philipson FoundationAna and James SmallNicole VenturaBarbara Zeughauser
IN MEMORY OF Robert Hill and Rosamond McIntoshJoe and Betsy Samuel
IN MEMORY OF Teuntje GoldmanRobert A. Goldman
2014 Donors January 1, 2014 to December 31, 2014
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
Platinum LevelBank of AmericaCapital OneCohnReznickE*TradeEnterpriseNeighborWorks America
Gold LevelCitiHamel BuildersPNC
Silver LevelCT & AssociatesEquity ManagementTD BankWells FargoWiencek + Associates
CirCle of BuilderS January 1, 2014 to December 31, 2014
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.
norman ChriSteller Golf ClaSSiC SponSorS
Lunch SponsorHudson Housing Capital
Beverage SponsorGables Residential
Gift Bag SponsorC.M. Parker & Company, Inc.
Putting Contest SponsorCresa Partners
Mulligan SponsorBuilding Consultants, Inc.The Donohoe Companies
Program SponsorMiller, Miller & Canby
Hole/Green Package SponsorsMacris, Hendricks & Glascock, P.A.Mitchell & Best HomebuildersVIKA
Hole/Green SponsorsAmerican Technology Services, Inc.Associates Plumbing, Inc.Bank of GeorgetownBuilding Consultants, Inc.D & R Electric, Inc.Grandbridge Real Estate CapitalJones Lang LaSalleLerch, Early & Brewer, Chtd.Lime Rock ContractorsLinowes & BlocherNeighborWorks AmericaPeckham & Abramson, P.C.Priority EngineeringLaw Office of Kenneth B. Tecler, LLCThe Traffic GroupVOA Associates
MONTGOMERY HOUSING PARTNERSHIP12200 Tech Road, Suite 250, Silver Spring, MD 20904-1983Phone: (301) 622-2400 • Fax: (301) 622-2800www.MHPartners.org
Bronze LevelBB&TBocarsly Emden Cowan Esmail & Arndt, LLPThe Bozzuto GroupElm Street DevelopmentHumphrey ManagementJBGM&T BankKlein HornigPettit Family FoundationSandy Spring Bank
FOUNDATION LEVEL ($10,000+)Steven and Shari Ashman
STEPPING STONE LEVEL($5,000—$9,999)Leon AndrisPhil GibbsDick PettitGene and Lauren SachsJeffrey SlavinJames and Gina Williams
CIRCLE LEVEL($1,000—$4,999)Thomas AlbertMargaret AllenCynthia BarChip and Laura BayKatherine BoarmanJames and Marian BrodskyNancy Bushwick-MalloyLois M. ChristellerJohn ClarkeVictoria DavisCarlton EinselDavid FlanaganLucy FreemanLois FriedThomas and Angela GallasRobert and Juliette GoldmanConstance A. Wilkinson and Jose GonzalezStephen GriffinSam GudeDon and Ann Hague
Susy Cheston and Artie HarrisRoland HawthorneJuan HolcombRhonda Cunningham Holmes and Ira HolmesChuck and Debora IrishRebecca JonesChristine KaufmanMatthew LeydigIra and Phyllis LiebermanSheila MaithKeith MartinWilliams and Laurel MartinMark MeierRobert and Marlene MitchellPaola MoyaCharles NulsenS. Bruce PascalJoseph PlumpeJorgen PundaKen RehfussCarol Schatz and David RodgersDeborah Ratner SalzbergCindy SanquistMichael A. SchlegelGail Scott-ParizerJohn ShafferStacy Plotkin SilberJackie SimonJohn and Mary SlidellRichard and Julie SmithJohn and Kristine WarnerMichael WiencekChris Woodward
Students from MHP’s Community Life Programs receive their first golf lesson at
Hampshire Greens Golf Course in Silver Spring. The Youth Golf Clinic is a highlight
of the Annual Norman Christeller Classic for both residents and sponsors.
Donors
January 1, 2014 to December 31, 2014
individual, Corporate, orGanizationS, Government, & foundationS