2012-2013

BUILDING COMMUNITIES. CHANGING LIVES.
2012-2013 | REPORT TO THE COMMUNITY
Charles L. Weinberg
Founder, Chair Emeritus
Robert L. Miller
President
The Rev. John P. Duffell
Vice-Chairman
William Frey
Treasurer
Jefferson Boyce
Secretary
Eugene Conroy
Director
Jesse Krasnow
Director
Arletha Miles-Boyce
Director
Cesar Pereira
Director
J. Brian Peters
Director
Robert H. Petrocelli, Jr.
Director
LEADERSHIP TEAM
Robert L. Miller
President & Chief Executive Officer
Kenneth Belfer
Senior Vice President, Housing
James Coughlin
Vice President, Adult & Employment Services
Richard Nightingale Vice President, Youth & Family Services
Treacy Sayres
Vice President, Real Estate Development
Patricia Vitelli
Vice President, Finance
September, 2013
Dear Friends,
How good is it to see families moving into attractive, new, affordable rental housing in Westchester? In this edition of
our Report to the Community, you’ll see pictures of our newest project, in the Town of Greenburgh, occupied just two
months ago. After years of funding challenges, community opposition, and what seemed like never-ending litigation,
the sweetest sound I heard was that of a neighbor walking past one of our new tenants and saying “Welcome to the
Neighborhood”. Built on the site of a former homeless shelter, 22 Tarrytown Road benefits everyone. The Town
receives a new source of income; the neighborhood eliminates an eyesore; retail shop owners welcome new customers;
and the twenty-eight families who moved in have a decent, affordable place to live in a good neighborhood. Welcome
to the neighborhood, indeed.
Also, please take a look at the Employment Services page. Over the past decade, Westhab has become Westchester’s
leading source of employment –through our job readiness and job development programs – for people receiving
public assistance. Just last year, Westhab assisted 505 individuals in finding and keeping employment, averaging $9.47
an hour.
Finally, in our other major field of endeavor – Youth Services – we continue to expand and level the playing field for
thousands of under-served youth in Westchester and the Bronx. We are now operating two 21st Century Community
Learning Center programs in Mount Vernon and Yonkers, and continue to operate after-school programs in five
separate sites. Our goal is to bring the highest quality services to a population that desperately needs this help, so that
they don’t become the next generation of homeless adults.
Please consider joining us in these efforts – with your comments and suggestions, volunteerism and financial support.
Thank you for taking the time to view our work, as described in these pages.
With best regards,
Bob Miller
President
Design and Layout: ElevenODesign, LLC
Chairman
Photography: John Parssinen, Jesus Menendez
Thomas W. Brock
LETTER FROM
THE PRESIDENT
2012-2013 Annual Report • Editor: John Parssinen
BOARD OF DIRECTORS
BUILDING HOMES
“This apartment means
everything to me. It's a good feeling.”
- Samanatha Robinson
22 Tarrytown Road:
Meet Sam Robinson
A Homeless Shelter
Transformed into
Attractive (and Affordable)
Permanent Housing
Sam Robinson works for the Town of
Greenburgh's Water Department and
has lived in Westchester most of his life.
Sam was one of over 450 people who
applied to live at 22 Tarrytown Road,
where he now resides in a 2-bedroom
apartment with his daughter, Samantha.
Having spent the past two years
sharing a room together while sharing
bathrooms with total strangers, he
summed up his emotions with one
word: Gratitude. "I'm very happy that
we were chosen [from the lottery] for
housing. For Samantha and I to have
our own rooms and televisions,
central air and a nice kitchen; this is a
blessing", said Sam. Congratulations,
Sam and Samantha, on your new home.
You inspire us.
In February of 2012, after six years of
planning and negotiating, Westhab
closed on construction financing for
22 Tarrytown Road Workforce Housing,
an energy-efficient, transit-oriented,
sustainably-designed, affordable rental
community for 28 families. In April,
demolition began on the old structure,
a renovated motel that Westhab had
operated as a homeless men's shelter.
With construction now complete, we
are pleased to welcome our tenants
into their new, affordable homes.
Magnusson Architecture and Planning PC, project architect
HOUSING FOR ALL
HOPE FOR TOMORROW
VETERANS
Westhab continues to expand the housing
options available for homeless veterans,
partnering with the Montrose VA to provide
housing and support services for an
additional 33 veterans throughout the
Hudson Valley region. Those who served our
country deserve a place to call home.
YOUNG ADULTS
2012 marked a watershed year for Westhab's
Young Adult Housing Programs. We launched
FirstSteps, which provides housing and intensive services for 32 homeless parenting young
adults and their children. We also partnered
with Children's Village to provide transitional
housing for 12 young adults ages 18-24.
RE-ENTRY
The most pressing needs for those exiting
prison are housing and employment. Through
an innovative partnership with the New York
State Division of Parole, Westhab is now
providing these services for the formerly
incarcerated as they work to re-build their lives.
SENIORS
In late 2012 Westhab and the Shiloh Baptist
Church saw their hard work come to fruition
at the ribbon-cutting ceremony of Shiloh
Senior housing - a beautifully designed building
that provides affordable rental housing for
39 seniors in New Rochelle.
CHANGING LIVES:
EMPLOYMENT
SERVICES
THE PATH TO EMPLOYMENT
Intake and Assessment
BREAKING BARRIERS to
employment one person at a time
4-week Job Readiness Training Program
• 1,264 individuals placed in
jobs averaging $9.43 / hour
since 2010
Matched to Westhab's network
of 100+ partner employers
• 505 individuals placed into
employment in 2012
HIRED
Follow-up support for both
client and employer from
Westhab Job Developers
SUCCESS ON THE JOB,
PROMOTIONS, AND RAISES
JOB READINESS TRAINING
•
•
•
•
•
•
•
Resume Writing
Goal Setting
Workplace Etiquette
Interview Skills
Financial Literacy
Dressing for Success
Mock Interviews
Through employment, clients are able to end their
reliance on public assistance, achieve self-sufficiency,
and break the cycle of poverty for their families.
• 70% of individuals placed
in employment in 2012
retained employment for
90 days or longer
2012
FINANCIALS
The 2012 audited financial statements present
the financial results of Westhab and its Low
Income Housing Tax Credit affiliates (Tax Credit
Entities) in accordance with GAAP. On a
consolidated basis Westhab and its affiliates had
a gain of $421,073 and total net assets
increased to $21,325,995.
Westhab has completed a third year of operating surplus, maintaining focus on successful
mission driven programs and conservative
spending policies. Capital grant revenue of
$1,164,335 is restricted and relates primarily to
housing projects under development in
New Rochelle and Greenburgh. Consolidated
unrestricted revenues were positively affected
by County and State funded employment
programs. Housing and supportive services
programs provide our primary source of income
and have remained stable. In December 2012,
a housing tax credit project for seniors in New
Rochelle was completed increasing Property,
Plant and Equipment by $12,987,000.
Property under development at the end of
2012 totaled more than $18 million, which
primarily represents ongoing construction of an
affordable housing project located in
Greenburgh, completed and successfully
opened in July 2013.
The operating efficiencies achieved by Westhab
continue to be reflected in stabilized general
and administrative expenses. G&A in 2012
represented only 7.0% of expenses, enabling
Westhab to spend 93 cents of every dollar on
programs and services.
*Westhab’s financial statements consolidate the activities
of the Tax Credit Entities because Westhab has a
controlling interest in them. In consolidation, all intercompany transactions between Westhab and the Tax
Credit Entities are eliminated. This primarily includes
developer fees, management fees and investments. In addition, any surplus or shortfall in the Tax Credit Entities is
proportionately shared between Westhab and the limited
partner equity investors in each project.
Consolidated Balance Sheet - December 31, 2012
SOURCES OF REVENUE
CONSOLIDATED
TOTAL
ASSETS
Cash
Receivables and Other Assets
Due from/Investment in Affiliates
Property, Plant and Equipment
Property under Development
Assets Restricted to Use
$913,070
3,653,975
914,409
48,892,386
18,095,822
5,026,934
TOTAL ASSETS
77,496,596
LIABILITIES
Lines of Credit
Trade and Other Current Payables
Notes and Other Long-Term Payables
9,547,275
8,281,029
27,726,142
TOTAL LIABILITIES
45,554,446
Limited Partners' Capital
10,616,155
NET ASSETS
Unrestricted
Temporarily Restricted
■
■
■
Fees, Contributions
& Other Income - 3%
■
Capital Grants - 5%
PROGRAM EXPENSES
■
■
■
■
4,071,255
17,254,740
TOTAL NET ASSETS
Housing Income - 65%
Contracts for Service - 27%
Housing & Services - 65%
Shelter Operations - 20%
Employment Services - 10%
Real Estate Development - 5%
21,325,995
TOTAL LIABILITIES AND NET ASSETS
$77,496,596
Statement of Activities - January 1 to December 31, 2012
UNRESTRICTED
TOTAL
TEMPORARILY
RESTRICTED
CONSOLIDATED
TOTAL
REVENUES
Housing Income
Contracts for Services
Fees, Contributions and Other Revenue
Capital Grants
Assets released from Restrictions
$14,761,584
6,103,665
435,230
0
1,020,350
$184,990
1,164,335
(1,020,350)
$14,761,584
6,103,665
620,220
1,164,335
0
TOTAL
22,320,829
328,975
22,649,804
EXPENSES
Program Services
General and Administrative
Depreciation and Amortization
Fundraising
TOTAL
Change in Net Assets before
allocation to limited partners
Change Attributable to Limited Partners
CHANGE IN NET ASSETS
19,960,497
1,519,454
1,578,549
56,084
19,960,497
1,519,454
1,578,549
56,084
23,114,584
23,114,584
(793,755)
328,975
(464,780)
885,853
0
885,853
$92,098
$328,975
$421,073
For a copy of Westhab's complete audited financial statements, please send your written request to Westhab's Vice President of Finance,
Patricia Vitelli, Westhab, Inc., 8 Bashford Street, Yonkers, NY 10701
Westhab benefits from many government, corporate, institutional, and individual sources of financial support.
We gratefully acknowledge the following major contributors for 2012:
GOVERNMENT PARTNERS
Westchester County Department of Social Services
Westchester County Department
of Community Mental Health
Westchester County Workforce Investment Board
United States Department of Housing
and Urban Development
United States Department of Veterans Affairs
National Endowment for the Arts
New York State Department of Education
New York State Department of Labor
New York State Division of Housing
and Community Renewal
New York State Office of Mental Health
New York State Office of Temporary
and Disability Assistance
New York City Department of Youth
and Community Development
City of Mount Vernon
City of White Plains
City of Yonkers
Municipal Housing Authority of the City of Yonkers
White Plains City School District
BENEFACTORS - $10,000 +
ArtsWestchester
Thomas & Susan Brock
Citi Group
JP Morgan Chase & Co.
New York Life Foundation
Theodore Mathas
Matisyahu Miller
Reader's Digest Association
Reader's Digest Foundation
Reformed Church Of Bronxville
St. Faith's House Foundation
The Tudor Foundation, Inc.
The United Way of Westchester & Putnam Counties
Webster Bank
The Westchester Bank
The Westchester Community Foundation
BACKERS - $5,000-9,999
Anonymous
Best Buy Children's Foundation
Community Housing Management Corp.
Finish Line Youth Foundation
John Kim
Jesse Krasnow & Maris Hoodkiss Krasnow
Enzo Leva
New York Community Trust
The Patrina Foundation
Robert H. Petrocelli, Jr.
James Stern
TD Charitable Foundation
Wells Fargo Foundation
Charles & Judith Weinberg
Urban Architectural Initiatives, Ra, PC
Whole Foods White Plains
Whole Foods Yonkers
PATRONS - $1,000-4,999
Alvarez Educational Foundation, Inc.
Victor Alvarez
The Bachmann Strauss Family Fund, Inc.
Nan Beer
Kenneth Belfer
Benchmark Title Agency, LLC.
Neil & Andrea Bernstein
Jefferson Boyce & Arletha Miles-Boyce
Phil Cahill
CTL Carpet Corp.
Thomas DeCaro
Entergy
The Flanders Group
The Frederick P. & Sandra P. Rose Foundation
Global Montello Group Corp.
The Glickenhaus Foundation
Gary & Nancy Goodenough
Gutman, Mintz, Baker & Sonnenfeldt, PC
Hitachi America
The Junior League of Bronxville
Timothy Kelly
Key Bank
The John and Diane Kim Foundation
Lasberg Construction Assoc., Inc.
Lee Lasberg
Bob Miller & Rochelle Lieber-Miller
Manatt, Phelps & Phillips, LLP
Dawn Marsal Wallin
Moving Interactive, Inc.
New York Life Insurance Company
O'Connor Davies, LLP
Price Family Foundation
Rakow Commercial Realty Group, Inc.
Regal Pest Management, Inc.
Richard Rakow
Ruband Contracting Corp.
UJA Federation of New York
Frank Scarpa
Service Directions, Inc.
Kenneth & Tarja Settles
Sisca Northeast, Inc.
SLCE Architects, LLP
Anjali & Arun Soni
Brian Sullivan
T&A Electric, Inc.
Tirschwell & Loewy, Inc.
Valley Oil Company
Frank & Patricia Vitelli
Mark & Rosanne Welshimer
Westchester Nonprofit Housing Coalition
Withumsmith + Brown, PC
Zeitz Foundation
DONORS - $500-999
Allstate Appliance Repair
Atlantic Appliance, Inc
Aqua-Vize, Inc.
Associated Pension Consultants, Inc.
Mark Bastian
Michael Bergman, CLU
Christopher Blunt
Bice & Jack Carosi
C. Williams Electric
Central Sewer Service
Jeffrey Chu
Anthony John Ciarnella
Cips Fence Co., Inc.
Crystal Rock
CTL Carpet Corp.
D. Silvestri Sons, Inc.
Deleno Bros. Paving & Excavating, Inc.
Domenick Bulfamante & Sons Inc.
Enterprise Community Partners, Inc.
Fidelity Charitable Gift Fund
Filippelli Bros. Inc.
Stuart Fleischmann
William & Ann Frey
Garrie Pest Control, LLC.
Interior Resources
Jacobs Lock Co. LLC.
JNC Enterprises, Inc.
John Gulick Plumbing & Heating
Richard Kaye
Kni-Pro-Tec, Inc.
Michael & Jonalie Korengold
Aaron Kwittken
Marshall Alarm System, Inc.
Diane Matusiak
Michael & Sandy McManus
The Melting Pot, White Plains
Richard Nightingale
Park Avenue Charitable Fund
Pat Catullo Plumbing & Heating Co. Inc.
Cesar Pereira
Marc Pintel
Peak Performance and Service, Inc.
Andrew & Andrea Potash
Proftech, LLC.
Sani-Pro Disposal Services Corp.
Savatree
Schultz Brothers, Inc.
Sean Coakley Plumbing & Heating
Skyview Architectural Aluminum, Inc.
SMA Architecture Planning Interiors, PC
United Healthcare Services, Inc.
Weis Security & Communications, Inc.
Michael Weis
David Westin
8 Bashford Street
Yonkers, NY 10701
Phone: 914-345-2800
Fax: 914-376-5014
www.westhab.org