annual report - Asian Community Development Corporation

A-VOYCE youth, Tiffany Wu, giving a speech at ACDC’s 2014 Annual Meeting
ANNUAL
building homes, building communities
Asian Community Development Corporation serves
the Asian American community of Greater Boston
with an emphasis on preserving and revitalizing
Boston’s Chinatown.
38 Oak Street Boston, MA 02111 617.482.2380 asiancdc.org
REPORT
2014
Greetings from the Board President and Executive Director
In 2014, ACDC deepened our work in creating healthy and vibrant communities for Asian Americans in the Greater Boston
region. We made significant progress on the construction of One Greenway, which will be completed in 2015 and will add 363
units of mixed-income housing, public green space, and community use space. We also embarked on ACDC’s first preservation project, Tremont Village, which is receiving much needed improvements after 27 years. When completed, it will enable
current residents to live in safer and more energy efficient homes. This is also the first year that Massachusetts has created
the Community Investment Tax Credits (CITC); ACDC was among the select group of community development corporations
to receive a CITC allocation. The funds raised with CITC have enabled us to expand our first-time homebuying course to its
largest ever attendance, as well as to grow our A-VOYCE youth program and Chinatown walking tours. This has truly been a
year for growth. Thank you for your support.
Board President Executive Director
About Asian Community Development Corporation
Asian Community Development Corporation (ACDC) is committed to serving the Asian American community of Greater Boston
with an emphasis on preserving and revitalizing Boston’s Chinatown. Founded in 1987, it has built over $110 million of new mixedincome, mixed-use real estate developments that are home to more than 800 people. First-time homebuyer workshops as well as
youth programs and community organizing and planning keep the community engaged in improving their lives where they work,
live, and play.
2014 Highlights
ONE GREENWAY construction started in 2013 and made sig-
nificant progress in 2014. When completed, the development will
provide 363 units of housing (40% affordable: 95 rental and 51
homeownership units), the highest number of affordable units of
any project in downtown Boston. This is the only development in
downtown to include affordable homeowner units, allowing families to invest in the neighborhood. In addition to residential units,
One Greenway will have an open space for the whole community
to enjoy.
Renovations to make TREMONT VILLAGE safer and more energy efficient began in
fall 2014. ACDC oversaw major improvements such as installing a new sprinkler system
and new smoke and carbon monoxide detectors, replacing 75% of appliances, installing thermal-efficient windows, and installing water-efficient toilets, faucets and showerheads. ACDC’s first property preservation project plays a key role in supporting families
in the Chinatown area.
We invested in the community, cultivating social connections in our housing and in
the neighborhoods we serve. Through ACDC’s Resident Engagement efforts, we ran
English language classes and basic computer skills classes for the elderly in our OAK
TERRACE Reading Room. Our community gatherings included a trip to Hampton
Beach as well as our annual resident summer BBQ’s in OAK TERRACE and 6 FORT
STREET in QUINCY.
With support from our COMMUNITY ADVISORY BOARD (CAB), ACDC ran
an Institute for Leadership in Equity and Development (ILEAD) workshop in Quincy,
attended by 44 community members, 37 of whom were Chinese speakers. Participants
gained skills to become advocates for sustainable and equitable development in their
neighborhoods.
COMPREHENSIVE HOUSING OPPORTUNITIES PROGRAM (CHOP)
40% of *HB101 graduates were native
50 HB101 graduates
Chinese speakers
purchased homes in 2014
389
total
graduates
*HB101 is ACDC’s first time homebuyer workshop
purchased home of a
2014 HB101 graduate
ACDC runs the only Chinese-language first time homebuyer
programs in New England.
The ASIAN VOICES of ORGANIZED YOUTH for COMMUNITY EMPOWERMENT (A-VOYCE) program builds a
pipeline of young leaders who advocate for our community. We expanded A-VOYCE from a summer program to a full year-long
program, where we invested deeply into 20 youth leaders. Together, we re-imagined the physical spaces in Chinatown and
revitalized the neighborhood through creating public art displays and civic engagement initiatives.
ACDC’s CHINATOWN WALKING TOUR led 19 tours to over 460 participants, which more than doubled last year’s record.
A-VOYCE youth served as tour guides using their own personal narrative for the tour experience. These tours not only introduce
outsiders to the rich history of Chinatown, but also serve as a venue for Chinatown youth to be authors of their community’s
history.
2014 Financial Information Program Earned income
3.3%
REVENUE
Grants, Contributions, & Fundraising
$409,667
50.7%
Real Estate Earned Income.
$360,606
44.6%
Program Earned Income
$26,285
3.3%
Interest & Miscellaneous
$11,704
1.4%
$808,262
100.0%
Community Programs.
$646,597
82%
Administration
$142,369
18%
Total Expenses
$788,966
100.0%
Total Revenue
Real Estate
Earned Income
44.6%
Interest & Miscellaneous
1.4%
Grants,
Contributions &
Fundraising
50.7%
EXPENSES
Administration
18%
Community
Programs
82%
Board
Paul W. Lee Terry Kwan
President
Vice President
Treasurer
Jeffrey Wong
Geoffrey Why
Vice Treasurer
Michael S. Greco
Clerk
Nick Chau
Yongmei Chen
Amy Cheung
Chong Chow
Soni Gupta
Eugene Ho
Rebecca A. Lee
Zena Lum
Peter Madsen
Brian Moy
Thatsada Sethaphong
Marilyn Shen DePetro
Michael Tow
Interns
Staff
Volunteers
Janelle J. Chan
Executive Director
Kathy Chang
Betty Szeto
Michelle Chen
Katie Tran
Blyss Cleveland
Operations Manager
Katrina Cheong
Jonathan Tsang
Taylor Yifan Gao
Ai Yu Wang
Jeena Hah
AmeriCorps Massachusetts Promise
Fellow & ACDC Youth Coordinator
Billy Kan
Danny Wong
Kelly Shu Qi Ke
Deanna Wong
Vivian Kung
Cankang Wu
Ze Xuan Lin
Shanshan Wu
Sharon Liu
Tiffany Wu
Vanessa Ly
Xian Bin Wu
Wei Luo
Scott Yu
Lee Lin
Housing Coordinator
King Mo
Benny Zhang
William Nguyen
Chen Xuan Zhang
Angie Liou
Director of Real Estate
Favour Odimegwu
Suling Zhang
Kaitlin Pang
Lily Zhao
May Lui
Outreach Coordinator
Gerry Paradela
Fong Zhu
Weijie Luo
LISC AmeriCorps & CHOP
Coordinator
Jennifer Pham
& many more
Zi Chang Ruan
Hamilton Ho
Chief Operating Officer
Denise Lau
Director of Resource Development & Communications
Jean Quintal
Resource Development Manager
Lydia Jang
Jaeik Kim
Likai Peng
Victoria Tang
Zi Liang Ruan
Tom Stack
David Stenson
Partners and Supporters
Our work towards healthy, vibrant communities is made possible with the support of individuals, corporations, foundations, and government.
$5,000 +
The Boston Foundation
Boston Private Bank & Trust Co
City of Boston
Eastern Bank Charitable Foundation
Harvard Kennedy School
Helen Ho
Individuals donors are italicized
Paul W. and Mary K. Lee
Rebecca A. Lee
MA Dept of Housing & Community
Development
Peter Madsen
Maloney Properties, Inc.
Massachusetts Housing Investment
Corporation
Peter Munkenbeck
National CAPACD
New Boston Fund, Inc
Santander Bank Foundation
South Cove Community Health Center
State Street Foundation
Tai Tung Pharmacy
TD Charitable Foundation
Tufts Medical Center
Wells Fargo Housing Foundation
Danversbank Charitable Foundation
Michael S. Greco
Eugene Ho
KVAssociates
Locke Lord LLP
McPhail Associates, LLC
Red and Blue Foundation
Webster Bank, N.A.
Emily K. Yu
Community Relations
Davis Square Architects, Inc
Development Renaissance
Emily Hall Tremaine Foundation
Evelyn Murphy
Gary Yee
Gee How Oak Tin Assn of N.E.
Grace Sheehan
Intercontinental Real Estate
Jeffrey Wong
John & Stephanie Fan
Joseph & Selina Chow
Jui & Lily Lai
Klein Hornig LLP
Leverett Wing
Mark Kelly
Michael Tow
Paul K. Chan
Paul Nasser
Rackemann, Sawyer & Brewster
Randy Tow
Red Star Construction Services, Inc.
South Cove Manor
Squirrell JAS Properties
Thatsada Sethaphong
Trinity Financial Charitable Fund
Urban Strategy America Fund
$2,500 +
Bank of America Merrill Lynch
Boston Capital Holding
BSA Foundation
$1,000 +
AFL-CIO Housing Investment Trust
Amy Cheung
Asian American Lawyers Association
of MA (AALAM)
Capital One, N.A.
Cathay Bank Foundation
China Pearl Quincy
China Pearl Restaurant
CohnReznick
$500 +
Fidelity National Title Insurance
Company
Citizens Housing and Planning
Association (CHAPA)
CEDAC
Terry Chin
Citibank - Stuart St
Amy Farrell
Terry Kwan
Marina Grossi
Elaine Soo Hoo
The Life Initiative
ADD Inc
Boston Financial Investment
Management
Broderick Bancroft
Chan Insurance Agency, Inc.
Chin & Curtis
Eastern Bank
Tony Hewett
Hinckley, Allen & Snyder LLP
Ink Block LLC & National Development
Karp, Liberman & Kern SIR
Sarah G. Kim
Nutter, McClennen & Fish
People’s United Bank
PNC Bank, N.A
Joel Stein
The Druker Company, Ltd
Vivian Tseng
UPS
Paul Wong