2024-01-31T08:38:15-06:00 2023-06-30 521853933 JM&M 10500 LITTLE PATUXENT PARKWAY SUITE 770 COLUMBIA MD 21044 990 2022-07-01 521596171 HOUSING INITIATIVE PARTNERSHIP INC HOUS 3016993835 6525 BELCREST ROAD 555 HYATTSVILLE MD 20782 MARYANN DILLON EXECUTIVE DIRECTOR 3016993835 2024-01-30 1 MARYANN DILLON 999009999 1 MEENA BISHNOI P01480769 4108840220 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARYANN DILLON 6525 BELCREST ROAD 555 HYATTSVILLE MD 20782 6283722 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. 12 12 34 30 0 0 4010149 4464830 -22907 17703 -238273 -657760 88376 847 3837345 3825620 141750 152766 0 0 2228179 2433611 0 0 120629 1042029 1169676 3411958 3756053 425387 69567 6736869 6483168 3891318 3550601 2845551 2932567 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 1682711 147006 17703 HOUSING COUNSELING - SEE SCHEDULE O 950343 5760 RESIDENT SERVICES - SEE SCHEDULE O 313754 HOMEOWNER REHABILITATION - SEE SCHEDULE O 283549 OTHER PROGRAM SERVICES - SEE SCHEDULE O 283549 3230357 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 19 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 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 37.50 2.50 X 165601 0 3375 STEPHANIE PRANGE PROESTEL DEPUTY EXEC. DIRECTOR 37.50 2.50 X 132445 0 3683 MARY HUNTER DIRECTOR OF HOUSING COUNSELING PROGRAM 37.50 2.50 X 112348 0 6533 SAMUEL PARKER CHAIR 3.00 0.50 X X 0 0 0 ANGELA HILL VICE CHAIR 2.00 0.50 X X 0 0 0 JULIO MURILLO KHADJIBHAEVA SECRETARY 2.00 0.50 X X 0 0 0 WANDA ELLISON-OSBORNE TREASURER 2.00 0.50 X X 0 0 0 MAE AVENILLA BOARD MEMBER 2.00 0.50 X 0 0 0 ANDREW JOSEPH BOARD MEMBER 2.00 0.50 X 0 0 0 ERNA VANCE BOARD MEMBER 2.00 0.50 X 0 0 0 ABRAHAM GARCIA BOARD MEMBER 2.00 0.50 X 0 0 0 IVY LEWIS BOARD MEMBER 2.00 0.50 X 0 0 0 STEVE BRIGHAM BOARD MEMBER 2.00 0.50 X 0 0 0 RANDY BARBER BOARD MEMBER 2.00 0.50 X 0 0 0 MARTIN MELLETT BOARD MEMBER AS OF DEC. 2022 2.00 0.50 X 0 0 0 410394 0 13591 3 0 1 0 GREATER HEIGHTS REMODELER INC 5900 KINGSFORD PLACE BETHESDA MD 20817 CONSTRUCTION 538620 LANDSDOWNE DEVELOPMENT CORP 2413 BLACKBERRY COURT BRYANS ROAD DC 20616 CONSTRUCTION 214591 JD CLARK PROFESSIONAL SERVICES LLC 6301 FOXLEY ROAD STE 200 UPPER MARLBORO MD 20772 CONSTRUCTION 106306 3 838 3869403 594589 4464830 MANAGEMENT FEE 531310 65804 65804 DEVELOPMENT FEE 531390 39377 39377 PROGRAM INCOME 531390 18810 18810 MT. RAINIER RENTAL ACTIVITY 531390 -106288 -106288 17703 14839 14839 10503 1775000 7060 2451042 3443 -676042 -672599 -672599 CASH REWARDS 900099 711 711 MISC. INCOME 900099 136 136 847 3825620 17703 0 -656913 152766 152766 313524 276938 21344 15242 1758011 1553024 119594 85393 31143 27406 2180 1557 172125 151472 12048 8605 158808 139751 11117 7940 1876 1650 226 116561 116561 4373 4373 18754 16504 2250 33416 33416 103050 78926 24124 49408 43479 5929 93159 80039 13120 59394 52268 7126 5045 4289 756 44107 38813 5294 COMMUNITY/RESIDENT SERV 566359 564467 1892 TRAINING 26117 26117 BAD DEBT 22536 22536 OTHER TAXES 11167 11167 14354 11281 3073 3756053 3230357 405067 120629 691842 418986 11076 4946 1438026 1434276 7713 890720 1150280 13372 28638 91325 74104 22266 17221 422225 459897 3239629 2968924 6736869 6483168 552515 404303 82955 1484017 1170857 1771831 1975441 3891318 3550601 X 2845551 2932567 2845551 2932567 6736869 6483168 69567 17449 0 X X 0 1 X 1 1 1 X 2924641 3924179 3748104 4010149 4464830 19071903 2924641 3924179 3748104 4010149 4464830 19071903 19071903 17089 12144 8668 14006 14839 66746 88376 847 89223 19227872 462419 0.99190 0.99150 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE REIMBURSEMENT - SETTLEMENT - 2021 AMOUNT: $ 88,376. CASH REWARDS - 2022 AMOUNT: $ 711. MISC INCOME - 2022 AMOUNT: $ 136. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 91325 74104 17221 17221 ESCROW DEPOSIT 5722 HOUSES BEING CONSTRUCTED - TO BE SOLD TO LOW INCOME HOUSEHOLDS 2866918 OPERATING LEASE RIGHT-OF-USE ASSET 96284 2968924 PARTNER'S DEFICIT IN RELATED REAL ESTATE PARTNERSHIP 1878117 OPERATING LEASE LIABILITY 97324 1975441 X 6289738 17449 2451042 2468491 3821247 4373 4373 3825620 6202722 2451042 2451042 3751680 4373 4373 3756053 PART X, LINE 2: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS OR THAT WOULD HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THERE ARE NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT NEED TO BE RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF REAL ESTATE SALES 2,451,042. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF REAL ESTATE SALES 2,451,042. FORM 990, PART IV, LINE 9: HOUSING COUNSELING - UNDER THIS PROGRAM, HIP PROVIDES HOMEBUYER EDUCATION AND COUNSELING, FORECLOSURE PREVENTION AND POST-PURCHASE COUNSELING, AND FINANCIAL CAPABILITY COACHING. HOMEBUYER EDUCATION INCLUDES EIGHT-HOUR EDUCATIONAL WORKSHOPS AND INDIVIDUAL PRE-PURCHASE COUNSELING FOR FIRST-TIME HOMEBUYERS. THE FORECLOSURE PREVENTION PROGRAM HELPS STRUGGLING HOMEOWNERS AT-RISK OF DEFAULT AND LOSING THEIR HOMES TO SECURE A WORKABLE PLAN TO AVOID FORECLOSURE. COUNSELORS WORK WITH HOMEOWNERS TO DEVELOP A BUDGET, EVALUATE THEIR OPTIONS, AND NEGOTIATE WITH THEIR MORTGAGE SERVICERS FOR THE BEST POSSIBLE OUTCOME. HIP'S FINANCIAL CAPABILITY COUNSELING SERVICES INITIALLY TARGETED HOMEOWNERS WHO HAD RECOVERED FROM MORTGAGE DEFAULT AND THEN LATER EXPANDED TO ASSIST LOW-AND MODERATE-INCOME RENTERS AND FAMILIES AT-RISK OF HOMELESSNESS. THE GOAL OF THE PROGRAM IS TO STRENGTHEN PARTICIPANTS' FINANCES SO THAT THEY CAN ACQUIRE AND MAINTAIN STABLE AND AFFORDABLE HOUSING OPTIONS. IN FISCAL YEAR 2023, HIP HOSTED 14 HOMEBUYER EDUCATION WORKSHOPS, ALL VIRTUAL, TO EDUCATE 629 PROSPECTIVE HOMEBUYERS, AND PROVIDED INDIVIDUAL PRE-PURCHASE, FORECLOSURE PREVENTION AND FINANCIAL CAPABILITY COUNSELING SERVICES TO 612 CLIENTS. RENTAL COUNSELING - UNDER THIS PROGRAM, HIP PROVIDES COUNSELING TO TENANTS TO ENSURE THEY UNDERSTAND THEIR RIGHTS AND RESPONSIBILITIES, AND HELP THEM CREATE A WORKABLE BUDGET, IMPROVE CREDIT, AND LOCATE APPROPRIATE RENTAL HOUSING. IN FISCAL YEAR 2023, HIP ASSISTED 580 ACTIVE CLIENTS TO FIND AND RETAIN RENTAL HOUSING AS EMERGENCY RENT ASSISTANCE FROM LOCAL GOVERNMENTS WOUND DOWN. RAPID REHOUSING - HIP IS THE LEADING PROVIDER OF RAPID REHOUSING SERVICES IN PRINCE GEORGE'S COUNTY. RAPID REHOUSING IS A PRIMARY SOLUTION FOR ENDING HOMELESSNESS, PROVIDING SHORT-TERM RENTAL ASSISTANCE AND CASE MANAGEMENT SERVICES TO HELP INDIVIDUALS AND FAMILIES TO QUICKLY EXIT HOMELESSNESS AND SECURE PERMANENT HOUSING. BY CONNECTING PEOPLE WITH A CLEAN AND SAFE HOME, THEY ARE IN A BETTER POSITION TO ADDRESS OTHER CHALLENGES THAT MAY HAVE LED TO THEIR HOMELESSNESS, SUCH AS OBTAINING STABLE EMPLOYMENT OR ADDRESSING MENTAL HEALTH ISSUES. FOR THE YEAR ENDED JUNE 30, 2023, HIP PROVIDED INTENSIVE CASE MANAGEMENT TO 69 HOUSEHOLDS AND HELPED 35 HOUSEHOLDS MOVE INTO PERMANENT HOUSING. 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 OPT TO ASSIST WITH EXTRA HOUSEKEEPING, ERRANDS OR TRANSPORTATION HELP IN EXCHANGE FOR LOWER RENT. DURING FISCAL YEAR 2022, HIP'S COMMUNITY OUTREACH COORDINATOR GENERATED A PIPELINE OF POTENTIAL CLIENTS BY CONDUCTING IN-DEPTH DISCUSSIONS OF THE PROGRAM WITH 43 HOMEOWNERS AND 248 HOME SEEKERS. HIP'S BILINGUAL HOME SHARING COUNSELOR ENROLLED 7 HOMEOWNERS AND 22 HOME SEEKERS IN THE PROGRAM, HELPING THEM TO CREATE PROFILES ON MATCHING PLATFORMS. HIP FACILITATED 10 HOUSEMATE MATCHES BY THE END OF FISCAL YEAR 2023, AND THERE ARE AN ADDITIONAL 7 HOMEOWNERS AND 30 HOME SEEKERS IN THE PIPELINE TO BE MATCHED IN EXCHANGE FOR LOWER RENT. FINANCIAL EMPOWERMENT CENTER - ON DECEMBER 6, 2021, HIP CONTRACTED WITH THE CITY OF GAITHERSBURG TO BECOME THE NON-PROFIT PROVIDER OF FINANCIAL COUNSELING SERVICES AS PART OF THE CITY'S NEW FINANCIAL EMPOWERMENT CENTER. THE FINANCIAL EMPOWERMENT CENTER IS FUNDED THROUGH A PARTNERSHIP BETWEEN THE CITY OF GAITHERSBURG AND CITIES FOR FINANCIAL EMPOWERMENT FUND. THE FINANCIAL EMPOWERMENT CENTER IS A FREE PUBLIC SERVICE FOR RESIDENTS OF GREATER GAITHERSBURG, PROVIDING FREE ONE-ON-ONE FINANCIAL COACHING TO HELP RESIDENTS MOVE TOWARD GREATER FINANCIAL STABILITY. IN JANUARY 2022, HIP HIRED A PROGRAM MANAGER AND TWO FINANCIAL COUNSELORS WHO STAFF THE FINANCIAL EMPOWERMENT CENTER, WHICH CELEBRATED A SOFT LAUNCH IN MARCH 2022. SINCE THEN, THE FEC HAS SERVED 407 CLIENTS WITH 1,554 SESSIONS. CLIENTS COLLECTIVELY HAVE REDUCED NON-MORTGAGE DEBT BY $609,167 AND INCREASED SAVINGS BY $285,101. 63% OF CLIENTS EARN BETWEEN $15,000 AND $55,000, WITH 64% AS RENTERS. 1 FAMILY SERVICES INC 610 E DIAMOND AVENUE 100 GAITHERSBURG MD 20877 520730225 501(C)(3) 31750 0 SUBRECIPIENTS TO HIP FOR CITY OF GAITHERSBURG FINANCIAL EMPOWERMENT GRANT. UPPER MONTGOMERY ASSISTANCE NETWORK PO BOX 416 GAITHERSBURG MD 20877 521648943 501(C)(3) 115256 0 SUBRECIPIENTS TO HIP FOR CITY OF GAITHERSBURG FINANCIAL EMPOWERMENT GRANT. 2 PART I, LINE 2: GRANTS WERE FOR THE PURCHASE OF HOMES AND AFTER RECEIVING DOCUMENTATION OF THAT PURPOSE, MINIMAL MONITORING IS REQUIRED. 1 X 0 0 0 0 0 0 0 0 0 MARYANN DILLON EXECUTIVE DIRECTOR 165601 0 0 0 0 0 3312 0 63 0 168976 0 0 0 FORM 990 PART III, LINE 4A: HOUSING COUNSELING - UNDER THIS PROGRAM, HIP PROVIDES HOMEBUYER EDUCATION AND COUNSELING, FORECLOSURE PREVENTION AND POST-PURCHASE COUNSELING, AND FINANCIAL CAPABILITY COACHING. HOMEBUYER EDUCATION INCLUDES EIGHT-HOUR EDUCATIONAL WORKSHOPS AND INDIVIDUAL PRE-PURCHASE COUNSELING FOR FIRST-TIME HOMEBUYERS. THE FORECLOSURE PREVENTION PROGRAM HELPS STRUGGLING HOMEOWNERS AT-RISK OF DEFAULT AND LOSING THEIR HOMES TO SECURE A WORKABLE PLAN TO AVOID FORECLOSURE. COUNSELORS WORK WITH HOMEOWNERS TO DEVELOP A BUDGET, EVALUATE THEIR OPTIONS, AND NEGOTIATE WITH THEIR MORTGAGE SERVICERS FOR THE BEST POSSIBLE OUTCOME. HIP'S FINANCIAL CAPABILITY COUNSELING SERVICES INITIALLY TARGETED HOMEOWNERS WHO HAD RECOVERED FROM MORTGAGE DEFAULT AND THEN LATER EXPANDED TO ASSIST LOW-AND MODERATE-INCOME RENTERS AND FAMILIES AT-RISK OF HOMELESSNESS. THE GOAL OF THE PROGRAM IS TO STRENGTHEN PARTICIPANTS' FINANCES SO THAT THEY CAN ACQUIRE AND MAINTAIN STABLE AND AFFORDABLE HOUSING OPTIONS. IN FISCAL YEAR 2023, HIP HOSTED 14 HOMEBUYER EDUCATION WORKSHOPS, ALL VIRTUAL, TO EDUCATE 629 PROSPECTIVE HOMEBUYERS, AND PROVIDED INDIVIDUAL PRE-PURCHASE, FORECLOSURE PREVENTION AND FINANCIAL CAPABILITY COUNSELING SERVICES TO 612 CLIENTS. RENTAL COUNSELING - UNDER THIS PROGRAM, HIP PROVIDES COUNSELING TO TENANTS TO ENSURE THEY UNDERSTAND THEIR RIGHTS AND RESPONSIBILITIES, AND HELP THEM CREATE A WORKABLE BUDGET, IMPROVE CREDIT, AND LOCATE APPROPRIATE RENTAL HOUSING. IN FISCAL YEAR 2023, HIP ASSISTED 580 ACTIVE CLIENTS TO FIND AND RETAIN RENTAL HOUSING AS EMERGENCY RENT ASSISTANCE FROM LOCAL GOVERNMENTS WOUND DOWN. RAPID REHOUSING - HIP IS THE LEADING PROVIDER OF RAPID REHOUSING SERVICES IN PRINCE GEORGE'S COUNTY. RAPID REHOUSING IS A PRIMARY SOLUTION FOR ENDING HOMELESSNESS, PROVIDING SHORT-TERM RENTAL ASSISTANCE AND CASE MANAGEMENT SERVICES TO HELP INDIVIDUALS AND FAMILIES TO QUICKLY EXIT HOMELESSNESS AND SECURE PERMANENT HOUSING. BY CONNECTING PEOPLE WITH A CLEAN AND SAFE HOME, THEY ARE IN A BETTER POSITION TO ADDRESS OTHER CHALLENGES THAT MAY HAVE LED TO THEIR HOMELESSNESS, SUCH AS OBTAINING STABLE EMPLOYMENT OR ADDRESSING MENTAL HEALTH ISSUES. FOR THE YEAR ENDED JUNE 30, 2023, HIP PROVIDED INTENSIVE CASE MANAGEMENT TO 69 HOUSEHOLDS AND HELPED 35 HOUSEHOLDS MOVE INTO PERMANENT HOUSING. 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 OPT TO ASSIST WITH EXTRA HOUSEKEEPING, ERRANDS OR TRANSPORTATION HELP IN EXCHANGE FOR LOWER RENT. DURING FISCAL YEAR 2022, HIP'S COMMUNITY OUTREACH COORDINATOR GENERATED A PIPELINE OF POTENTIAL CLIENTS BY CONDUCTING IN-DEPTH DISCUSSIONS OF THE PROGRAM WITH 43 HOMEOWNERS AND 248 HOME SEEKERS. HIP'S BILINGUAL HOME SHARING COUNSELOR ENROLLED 7 HOMEOWNERS AND 22 HOME SEEKERS IN THE PROGRAM, HELPING THEM TO CREATE PROFILES ON MATCHING PLATFORMS. HIP FACILITATED 10 HOUSEMATE MATCHES BY THE END OF FISCAL YEAR 2023, AND THERE ARE AN ADDITIONAL 7 HOMEOWNERS AND 30 HOME SEEKERS IN THE PIPELINE TO BE MATCHED IN EXCHANGE FOR LOWER RENT. FINANCIAL EMPOWERMENT CENTER - ON DECEMBER 6, 2021, HIP CONTRACTED WITH THE CITY OF GAITHERSBURG TO BECOME THE NON-PROFIT PROVIDER OF FINANCIAL COUNSELING SERVICES AS PART OF THE CITY'S NEW FINANCIAL EMPOWERMENT CENTER. THE FINANCIAL EMPOWERMENT CENTER IS FUNDED THROUGH A PARTNERSHIP BETWEEN THE CITY OF GAITHERSBURG AND CITIES FOR FINANCIAL EMPOWERMENT FUND. THE FINANCIAL EMPOWERMENT CENTER IS A FREE PUBLIC SERVICE FOR RESIDENTS OF GREATER GAITHERSBURG, PROVIDING FREE ONE-ON-ONE FINANCIAL COACHING TO HELP RESIDENTS MOVE TOWARD GREATER FINANCIAL STABILITY. IN JANUARY 2022, HIP HIRED A PROGRAM MANAGER AND TWO FINANCIAL COUNSELORS WHO STAFF THE FINANCIAL EMPOWERMENT CENTER, WHICH CELEBRATED A SOFT LAUNCH IN MARCH 2022. SINCE THEN, THE FEC HAS SERVED 407 CLIENTS WITH 1,554 SESSIONS. CLIENTS COLLECTIVELY HAVE REDUCED NON-MORTGAGE DEBT BY $609,167 AND INCREASED SAVINGS BY $285,101. 63% OF CLIENTS EARN BETWEEN $15,000 AND $55,000, WITH 64% AS RENTERS. FORM 990 PART III, LINE 4B: RESIDENT SERVICES - A RESIDENT SERVICES COORDINATOR PROVIDES RECREATIONAL ACTIVITIES AND INFORMATION AND REFERRAL SERVICES TO RESIDENTS OF MOUNT RAINIER ARTISTS' APARTMENTS, BIRCHWOOD AT NEWTON GREEN, BLADENSBURG COMMONS APARTMENTS IN BLADENSBURG, AND THE RENAISSANCE SQUARE ARTISTS' APARTMENTS IN HYATTSVILLE. HIP'S RESIDENT SERVICES INCLUDE LINKAGES TO SOCIAL SERVICES, BUDGET COUNSELING, PARENTING SKILLS TRAINING, AND FINANCIAL EDUCATION. TWO RESIDENT SERVICES COORDINATORS ALSO PROVIDE ON-SITE RECREATIONAL ACTIVITIES, FOOD PANTRIES, AND OTHER SOCIAL ACTIVITIES TO RESIDENTS AT BIRCHWOOD AT ELKTON, WILLOWS AT NORTH EAST, AND WILLOWS AT CECILTON IN CECIL COUNTY, MARYLAND. SINCE THE START OF THE COVID-19 CRISIS, HIP'S STAFF HAS WORKED CLOSELY WITH TENANTS TO ENSURE ACCESS TO RENTAL HOUSING ASSISTANCE AND EMERGENCY FOOD SOURCES. HIP HIRED A FOURTH RESIDENT SERVICES COORDINATOR TO WORK AT TOWNE COURTS IN SEPTEMBER 2022. FORM 990 PART III, LINE 4C: HOMEOWNER REHABILITATION - IN MAY 2018, HIP ENTERED INTO AN AGREEMENT WITH PRINCE GEORGE'S COUNTY DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT ("DHCD") AND THE 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 REPAIRS 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. SINCE INCEPTION, HIP HAS APPROVED 90 APPLICATIONS WITH AN AVERAGE LOAN AMOUNT OF $53,651, COMPLETED 78 RENOVATIONS, AND STARTED ANOTHER 12 RENOVATIONS. THE PROGRAM IS EXPECTED TO CONTINUE IN FISCAL YEAR 2024 WITH ADDITIONAL FUNDING ALLOCATIONS. FORM 990 PART III, LINE 4D: OTHER PROGRAM SERVICES: SINGLE-FAMILY DEVELOPMENT - HIP PURCHASES AND RENOVATES VACANT AND DILAPIDATED HOMES IN OLDER NEIGHBORHOODS FOR THE PURPOSE OF SELLING THEM TO QUALIFIED LOW AND MODERATE-INCOME FIRST-TIME HOMEBUYERS. IN SOME CIRCUMSTANCES, HOUSES ARE TORN DOWN AND REPLACED WITH NEW HOMES. FOR THE FISCAL YEAR ENDED JUNE 30, 2023, FOUR PROPERTIES WERE PURCHASED AND FOUR WERE SOLD. DURING THE YEAR ENDED JUNE 30, 2023, HIP CONTINUED PREDEVELOPMENT WORK ON SEVEN SINGLE-FAMILY LOTS IN THE TOWN OF FAIRMOUNT HEIGHTS AND ONE LOT IN UNINCORPORATED CAPITAL HEIGHTS TO BE DEVELOPED AS HIGHLY ENERGY-EFFICIENT, DETACHED HOMES. THESE ZERO ENERGY HOMES ARE EXPECTED TO BE BUILT USING MODULAR CONSTRUCTION. PHASE ONE WILL DELIVER SIX OF THE HOMES IN THE SECOND QUARTER OF 2024. HOMES WILL BE MARKETED TO QUALIFIED LOW-AND MODERATE-INCOME, FIRST-TIME HOMEBUYERS. SEVEN OF THE LOTS WERE PURCHASED ON JUNE 27, 2018, FROM THE REDEVELOPMENT AUTHORITY OF PRINCE GEORGE. MULTI-FAMILY DEVELOPMENT - HIP DEVELOPS MULTIFAMILY RENTAL PROPERTY FOR LOW-AND MODERATE-INCOME TENANTS. IN SOME CASES, HIP ENTERS INTO A PARTNERSHIP WITH OTHER FOR-PROFIT OR NON-PROFIT DEVELOPERS TO CO-DEVELOP RENTAL HOUSING IN MARYLAND. IN FY 2018, HIP FORMED HIP TOWNE COURTS WHICH ENTERED INTO A PARTNERSHIP WITH PIRHL IN DECEMBER 2019 TO DEVELOP 42 FAMILY RENTAL UNITS IN ANNAPOLIS, MARYLAND. CONSTRUCTION WAS COMPLETED IN FALL, 2021, AND LEASE-UP WAS COMPLETED BY FEBRUARY 2022. HIP BEGAN PROVIDING RESIDENT SERVICES IN SEPTEMBER 2022. THE PROJECT WAS DEVELOPED USING LOW INCOME HOUSING TAX CREDITS ALONG WITH OTHER FUNDING SOURCES. HIP IS MANAGING MEMBER OF 8230 SCHULTZ RD LLC, WHICH WAS FORMED TO ACQUIRE LAND AND CONSTRUCT 90 APARTMENTS FOR LOW-INCOME SENIORS IN CLINTON, MARYLAND. HIP PAID FOR 50% OF THE PRE-DEVELOPMENT COSTS OF THIS $29 MILLION PROJECT. BANC OF AMERICA CDC IS A PARTNER AND SHARES THE OTHER 50% OF PRE-DEVELOPMENT COSTS. THE OWNERSHIP ENTITY ALSO INCLUDES A MINORITY DEVELOPER BASED IN PRINCE GEORGE'S COUNTY, PARALLAX DEVELOPMENT GROUP. 8230 SCHULTZ RD LLC CLOSED ON THE ACQUISITION OF THE LAND ON JUNE 4, 2022, AND CONSTRUCTION COMMENCED IMMEDIATELY. THE PROJECT, CALLED THE "RESIDENCES AT SPRINGBROOK", IS EXPECTED TO BE COMPLETED BY DECEMBER 2023. 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 XII, LINE 2C: THESE PROCESSES HAVE NOT CHANGED SINCE THE PRIOR YEAR. HIP TOWNE COURTS LLC 6525 BELCREST ROAD 555 HYATTSVILLE MD 20781 824279237 LOW-INCOME APARTMENT RENTAL MD HOUSING INITIATIVE PARTERSHIP INC 8230 SCHULTZ RD HIP DEVELOPER LLC 6525 BELCREST ROAD 555 HYATTSVILLE MD 20781 873382980 LOW-INCOME HOUSING MD HOUSING INITIATIVE PARTERSHIP INC MOUNT RAINIER ARTIST APARTMENTS LLP 6525 BELCREST ROAD 555 HYATTSVILLE MD 20781 522321515 LOW-INCOME APARTMENT RENTAL MD HIP RELATED -106289 768827 0 1 0.99000 NORTH EAST MANAGER LLC 5 POWELL LANE COLLINGSWOOD NJ 08108 460941612 LOW-INCOME APARTMENT RENTAL MD HIP HURRAH RELATED 0 1 0.51000 PARKLANDS APARTMENTS MANAGER LLC 5 POWELL LANE COLLINGSWOOD NJ 08108 463044206 LOW-INCOME APARTMENT RENTAL MD HIP HURRAH RELATED 0 1 0.51000 RENAISSANCE SQUARE ARTIST'S HOUSING LLLP 6525 BELCREST ROAD 555 HYATTSVILLE MD 20781 562637078 LOW-INCOME APARTMENT RENTAL MD GREEN HIPPOPOTAMUS DEVELOPMENT CORPORATION RELATED 0 1 0.00500 TOWNE COURTS LLC 800 WEST ST CLAIR AVENUE CLEVELAND OH 44113 822249063 LOW-INCOME HOUSING MD HIP TOWNE COURTS RELATED 0 1 0.00010 BLADENSBURG COMMONS DEVELOPMENT LLLP 8403 COLESVILLE ROAD 1150 SILVER SPRING MD 20910 470974196 LOW-INCOME HOUSING MD HIP HURRAH RELATED 0 1 0.11000 8230 SCHULTZ RD LLC 6525 BELCREST ROAD STE 555 HYATTSVILLE MD 20782 862968092 LOW-INCOME HOUSING FOR SENIORS MD 8230 SCHULTZ RD DEVELOPER LLC RELATED 0 0 0.00010 8230 SCHULTZ RD DEVELOPER LLC 6525 BELCREST ROAD STE 555 HYATTSVILLE MD 20782 862900186 LOW-INCOME HOUSING MD 8230 SCHULTZ RD HIP DEVELOPER LLC RELATED 0 1 0.51000 SPRINGBOOK LLC 6525 BELCREST ROAD STE 555 HYATTSVILLE MD 20782 872163503 LOW-INCOME HOUSING MD HIP RELATED 0 1 0.51000 GREEN HIPPOPOTAMUS DEVELOPMENT CORPORATION 6525 BELCREST ROAD 555 HYATTSVILLE MD 20781 651304681 HOUSING DEVELOPMENT MD HIP C 1.00000 0 HIP HURRAH 6525 BELCREST ROAD 555 HYATTSVILLE MD 20781 460942531 HOUSING DEVELOPMENT MD HIP C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0