HERITAGE HOUSING PARTNERS CORPORATION

EIN: 520880429 501(c)(3)

COLUMBIA, MD

Total Revenue
$1,785,032
Total Expenses
$1,794,587
Total Assets
$11,289,450
Net Assets
$7,618,997
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
MD
Principal Officer
GRACE MORRIS
Phone
4435187687
Tax Period
2024-01-01 to 2024-12-31

HERITAGE HOUSING PARTNERS CORPORATION, founded in 1967, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 165% from the prior year, signaling strong growth momentum. Net assets of $7.6M represent 51 months of operating reserves.

Mission

TO PROVIDE SAFE, HIGH QUALITY, AFFORDABLE RENTAL HOUSING TO LOW AND MODERATE-INCOME FAMILIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $862,945
Program Service Revenue $806,208
Investment Income $54,204
Other Revenue $61,675
TOTAL REVENUE $1,785,032

Expense Breakdown

Grants Paid $40,722
Salaries & Benefits $302,814
Fundraising Expenses $0
Program Expenses $1,712,977
Other Expenses $1,451,051
TOTAL EXPENSES $1,794,587

Year-over-Year Comparison

2024 2023 Change
Revenue $1,785,032 $673,563 +1.7%
Expenses $1,794,587 $924,834 +0.9%
Net Income $-9,555 $-251,271 -1.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
10
Volunteers
11

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$104,659
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAUN EDDY PRESIDENT 0.50
Officer Director
$0 $0 $0
EDWARD PLITT III VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
HEATHER SWAN SECRETARY 0.50
Officer Director
$0 $0 $0
MARY CALDER BOARD MEMBER 0.50
Director
$0 $0 $0
LORI CLEMONS BOARD MEMBER 0.50
Director
$0 $0 $0
CLAUDE DE VASTEY JONES ESQ BOARD MEMBER 0.50
Director
$0 $0 $0
SHERMAN HOWELL BOARD MEMBER 0.50
Director
$0 $0 $0
VIPIN SAHIJWANI BOARD MEMBER 0.50
Director
$0 $0 $0
CHARLES STOKES III BOARD MEMBER 0.50
Director
$0 $0 $0
GRACE MORRIS EXECUTIVE DIRECTOR 32.50
Officer
$104,254 $405 $104,659
GUY COATES MAINTENANCE SUPERVISOR 40.00
Highest
$115,589 $5,293 $120,882
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,785,032 $1,794,587 $11,289,450 $-9,555
2023 $673,563 $924,834 $11,334,376 $-251,271
2022 $877,175 $925,697 $11,635,785 $-48,522
2021 $964,765 $850,604 $11,997,487 $114,161
2020 $1,342,341 $836,295 $11,973,204 $506,046
2019 $725,921 $304,583 $11,467,858 $421,338
2018 $685,113 $271,351 $5,411,073 $413,762
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