Home Partnership INC FY2020 filing

Tax-deductible

Joppa, MD501(c)(3)HousingEIN 52-1892575Revenue $209K in FY2020

On file with the IRShomepartnershipinc.org626 Towne Center Dr Ste 102, 21085-4494 · Joppa, MDTax-exempt since Mar 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Housing advocacy for low to moderate income individuals and families.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$90K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $53K a year · 22% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$600K
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$209K
Spent
$243K
To programs
75%
Net assets
$256K
By yearFY2020–FY2025
Revenue
$209K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$209K
FY2021$500K
FY2023$97K
FY2024$49K
FY2025$12K
Expenses
$243K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$243K
FY2021$582K
FY2023Not on file
FY2024Not on file
FY2025$55K
Net assets
$256K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$256K
FY2021$295K
FY2023$367K
FY2024$322K
FY2025$166K

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $181K Management & general 19% · $45K Fundraising 7% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$90,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Frank Hodgetts’s $95K as President & CEO is at the 84th percentile of top reported officer pay among 142 <$100K housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2021FY2020
Frank Hodgetts$95,000$95,000$90,000$90,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for affordable housing for low to moderate income people.

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Provided by the organization

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1 program · $181K · in their own filed words · FY2019
01

To expand access to affordable and successful homeownership for low and moderate-income families and to combat community deterioration, thereby strengthening communities.

$181Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$209K
Ln 12
Other incomeLn 4–11$121K
Gifts and grantsLn 1h$44K
Fees for servicesLn 2g$43K
Money outPt IX
$243K
Ln 25
Programscol B$181K
Managementcol C$45K
Fundraisingcol D$17K
Owns and owesPt X
$256K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$857K
LiabilitiesLn 26$600K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44K
Government grantsLn 1e$35K
Fees for servicesLn 2g$43K
Investment incomeLn 3$6
Other incomeLn 4–11$121K
Total revenueLn 12$209K
Assets in detailPt X, end of year
CashLn 1$79K
Cash and savings togetherLn 1–2$79K
InvestmentsLn 11–13$380K
Land, buildings, equipmentLn 10c$10K
Other assetsLn 15$384K
Total assetsLn 16$857K
LiabilitiesLn 26$600K
Net assetsLn 32$256K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$136K$79K
InvestmentsLn 11–13$380K
Land, buildings, equipmentLn 10c$0$10K
Total assetsLn 16$1.1M$857K
LiabilitiesLn 26$813K$600K
Net assetsLn 32$291K$256K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$90K$63K$18K$9K
Other salaries and wagesLn 7$54K$38K$11K$5K
Other employee benefitsLn 9$6K$4K$1K$592
Payroll taxesLn 10$10K$7K$2K$1K
Accounting feesLn 11c$13K$10K$3K
Other fees for servicesLn 11g$6K$5K$1K
Office expensesLn 13$2K$2K$441
Information technologyLn 14$6K$5K$1K
Travel and entertainment for public officialsLn 18$1K$908$259$130
Conferences, conventions and meetingsLn 19$46$46
InterestLn 20$18K$15K$4K
Depreciation, depletion and amortizationLn 22$1K$982$246
InsuranceLn 23$2K$2K$406
Other expenses (24a–d)Ln 24$30K$27K$3K$304
All other expensesLn 24e$3K$2K$583$40
Total functional expensesLn 25$243K$181K$45K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $12K$55K−$43K$166K 990 PDF
FY2024 $49K$322K 990 PDF
FY2023 $97K$367K 990 PDF
FY2022 Not on file
FY2021 $500K$582K−$82K$295K 990 PDF
FY2020 Viewing $209K$243K−$35K$256K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $208,549 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $36,505$44,043
I-9 Program service revenuePrior year $83,015$43,152
I-10 Investment incomePrior year $5$6
I-11 Other revenuePrior year $0$121,348
I-12 Total revenuePrior year $119,525$208,549
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $163,195$160,329
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $66,653$82,907
I-18 Total expensesPrior year $229,848$243,236
I-19 Revenue less expensesPrior year −$110,323−$34,687
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $208,549 across 7 lines filed
Lines not itemized here account for $2,952 of total revenue; see the IRS return.
VIII-1e Government grants$35,003
VIII-1f All other contributions, gifts and grants$9,040
VIII-1h Total contributions, gifts and grants$44,043
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $40,200$40,200
VIII-3 Investment incomeExcluded from tax $6$6
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $121,348$121,348
VIII-12 Total revenueRelated to mission $164,500 · Unrelated business $0 · Excluded from tax $6$208,549
Part IX · Statement of functional expenses $243,236 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $63,000 · Management $18,000 · Fundraising $9,000$90,000
IX-7 Other salaries and wagesPrograms $37,985 · Management $10,853 · Fundraising $5,426$54,264
IX-9 Other employee benefitsPrograms $4,140 · Management $1,183 · Fundraising $592$5,915
IX-10 Payroll taxesPrograms $7,105 · Management $2,030 · Fundraising $1,015$10,150
IX-11c Accounting feesPrograms $10,376 · Management $2,594$12,970
IX-11g Other fees for servicesPrograms $5,136 · Management $1,284$6,420
IX-13 Office expensesPrograms $1,765 · Management $441$2,206
IX-14 Information technologyPrograms $4,727 · Management $1,182$5,909
IX-18 Travel and entertainment for public officialsPrograms $908 · Management $259 · Fundraising $130$1,297
IX-19 Conferences, conventions and meetingsPrograms $46$46
IX-20 InterestPrograms $14,535 · Management $3,634$18,169
IX-22 Depreciation, depletion and amortizationPrograms $982 · Management $246$1,228
IX-23 InsurancePrograms $1,623 · Management $406$2,029
IX-24 Other expenses (24a–d)Programs $26,834 · Management $2,575 · Fundraising $304$29,713
IX-24e All other expensesPrograms $2,297 · Management $583 · Fundraising $40$2,920
IX-25 Total functional expensesPrograms $181,459 · Management $45,270 · Fundraising $16,507$243,236
Part X · Balance sheet $856,595 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $136,361$79,173
X-3 Pledges and grants receivableStart of year $12,870$0
X-4 Accounts receivable$1,284
X-9 Prepaid expenses and deferred charges$1,799
X-10c Land, buildings and equipment, netStart of year $0$9,988
X-12 Other securities$380,000
X-15 Other assetsStart of year $955,164$384,351
X-16 Total assetsStart of year $1,104,395$856,595
X-17 Accounts payable and accrued expensesStart of year $20,766$7,437
X-25 Other liabilitiesStart of year $592,599$592,815
X-26 Total liabilitiesStart of year $813,365$600,252
X-27 Net assets without donor restrictionsStart of year $291,030$256,343
X-32 Total net assets or fund balancesStart of year $291,030$256,343
X-33 Total liabilities and net assetsStart of year $1,104,395$856,595
Part XI · Reconciliation of net assets $256,343 net assets at year end
XI-1 Total revenue$208,549
XI-2 Total expenses$243,236
XI-3 Revenue less expenses−$34,687
XI-4 Net assets at start of year$291,030
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$256,343

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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