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