Annual Report - Brothers Redevelopment, Inc.
Transcription
Annual Report - Brothers Redevelopment, Inc.
2015 ANNUAL REPORT Investing in Home Brothers Redevelopment Inc. Financial Summary Stepping Forward To Serve B est known for our dedication in serving thousands of clients each year, Brothers Redevelopment has similarly gained a strong reputation for helping other service agencies address the most pressing housing challenges across the state. Most notably, 2015 saw Brothers step up when called upon by the Division of Housing, the Metro Mayors Caucus and the Metro Denver Homeless Initiative to recruit landlords willing to rent their apartments to veterans and other low-income individuals who carry housing vouchers. Through our efforts, nearly 100 apartments were made available to individuals across the seven-county metro region. Similarly, Brothers was recruited to offer counseling and guidance to renters across the Front Range facing a rental affordability crisis unlike any we’ve seen over the past decade. Working with reputable agencies like the Metro Denver Fair Housing Center, the Denver Regional Council of Governments and several municipalities, our housing counselors and navigators played an important role for thousands of consumers. Because of our success and willingness to address needs wherever they exist, our programs were also requested by officials beyond our historic boundaries, in places like El Paso County, where in 2015 we introduced a new market to our successful programs. More impactful, we’ve been sought as a partner to develop new housing across the region, in places like Aurora and Erie. Even though the requests are great and our resources are few, we did not and will not shrink in the face of the challenge—we’re taking every opportunity to work with local officials and stakeholders to develop new housing for seniors and families. Fiscal Year Oct. 1, 2014 - Sept. 30 2015 STATEMENT OF ACTIVITIES Revenue Brothers Staff Administration Housing Counseling Shannon Peer ................................... Director Paint-A-Thon Vounteer Program Nancy Mascarenas ... Housing Counseling Coordinator Chad Nibbelink ............... Volunteer Manager Greg Adame ...................... Housing Counselor Mathew McKinney ...... Volunteer Coordinator Gail Rickman .................... Housing Counselor Property Management Rogelio Rodriguez ... Homeownership Education Sebastian Galan ................. Associate Director Coordinator Judi Andolino ... Property/Occupancy Manager Colorado Housing Connects Angie Baker, Chrystal Bolouvi, Rossi Bray, Estela Zuniga ..... Bilingual Housing Navigator Cindy Keller, Elvira Martinez, Roberta Martinez, Kaley Wind ....................... Housing Navigator Misty Rivera-Sabala ... Community Managers Patrick Noonan ................. Housing Navigator Jose Rodriguez ........... Maintenance Director Anthony Diaz, Michael Fowler, Thomas Garcia, Colorado Foreclosure Hotline Josh Hayes, Mark Peot, Carlos Polar, Fred Solopow, Cynthia Larson ..... Hotline Housing Counselor Michael Torres ..... Maintenance Board of Directors Senior Vice President – West, FirstBank Randy McCall, Chair Elect Vice President, Regional CRA, Key Bank Larry Aubrecht, Secretary Managing Partner, LGF Consulting Kynton Chan, Board Member Financial Advisor, TIAA-CREF William M. Christopher, Board Member Retired, City of Westminster Brothers can always be counted on to fill a need—whether for the disabled veteran, the local nonprofit or the senior in a rural community. Stepping forward to serve is what we do. Jennifer Haynes, Board Member Jeff Martinez, President 2 Wyoming Foreclosure Hotline Jeff Martinez .................................. President Jeremy Wilch ........ Hotline Housing Counselor Patty Basquez ....... Bookkeeper/HR Manager Stephanie Seifried .. Grants & Communications Home Maintenance and Repair Yvonne Duvall ........... Compliance/Evaluation Jason McCullough ............. Program Manager Cynthia Goodman ............ Fund Development Brian Aeverman .......... Construction Foreman Krishna Aldrete ........................... Bookkeeper Jesse Buckalew ..........................Construction Martha Rea ........ Receptionist/Office Support Brian Sherman .......................... Construction Eden Armendariz .. Housing Support Specialist Providing such services has presented challenges—from learning about the needs of different communities to learning new Chad Mitchell, Chairman industries to grappling with new costs and business models. But there was and never will be any question that Brothers repeatedly steps forward to fill a need, as we allow the culture established within our organization long ago to guide our direction. When our founders saw disparities in housing among Hispanic/Latino families in southwest Denver more than 40 years ago, they saw their solution in volunteers who showed up by the dozens with buckets of paint, ladders, brushes and more to help low-income and disenfranchised households. Property Rental/Fees Donations/Grants Local Government Government Contracts Other Cost of Goods Attorney, Husch Blackwell LLP Grace Huerta-Lucero, Board Member Community Development Officer, Wells Fargo Diane Miller, Board Member Vice President, JE Dunn Construction John Rinderknecht, Board Member President, RAM Development Margaret Turco, Board Member Owner, Aurora Laser Designs Don Schierling, Board Member Retired, Faculty School of Management Regis University $331,128 $321,369 $390,500 $824,419 $73,886 ($159,965) Total Revenue $1,781,337 Expenses Staff and Benefits $1,232,004 Program/Property Operations $172,752 Business Expense $194,903 Depreciation$20,962 Total Expenses $1,620,621 Total Net Income $160,716 Assets BALANCE SHEET Current Assets Fixed Assets Other Assets Restricted Reserves $1,397,041 $28,692,088 $203,867 $2,807,254 Total Assets $25,868,810 Liabilities Current Liabilities $783,474 Long Term Liabilities$17,554,079 Total Liabilities $18,337,553 Total Net Assets SOURCES OF FUNDING Individual Contributions 1% Impact: January- December Property Management 608 apartments (HUD-subsidized apartments for seniors, people with disabilities and low-income families) Paint-A-Thon 103 Average age of homeowner 72 Average monthly income of homeowner $1,553 Number of volunteers 2,288 Volunteer hours 16,691 Value of volunteer hours $418,944 Value of painting to seniors $443,600 Home Maintenance and Repair 122 Savings to clients Number of referral calls $355,050 651 Housing Counseling Program ew files N 1,399 New files consist of: 276 Reverse mortgage 103 Default counseling 974 Prepurchase counseling/education 45 Other: Rental counseling Number of phone-counseling calls 86 Colorado Foreclosure Hotline Activities T otal calls to network agencies Calls to Brothers Redevelopment Colorado Housing Connects Calls 1,471 73 16,641 GRAND TOTAL homes, families, clients: 26,519 GRAND TOTAL volunteer hours: 16,691 Government Grants 12% Earned Income 25% Other 2% Businesses 3% $7,531,257 ACCOMPLISHMENTS 2015 Government Contracts 39% Foundations 18% 3 Services In Demand, Need Grows 122 YTD TOTAL HOMES REHABILIATED IN 2015 SAVINGS TO CLIENTS AVERAGE SAVINGS PER HOUSEHOLD $355,050 $2,275 Year-to-Date Project Tally 4 CDBG $30,000.00 $20,000.00 $10,000.00 CDBG 1-Dec 1-Nov 1-Oct 1-Sep 1-Aug $0.00 1-Jul As the connection between housing, health and wellbeing is recognized, the demand for services that boost inhome safety to prevent injury and improve habitability for the low-income, elderly and disabled will see a significant spike in demand. In early December, Colorado Housing Connects (CHC) received a call from a Jefferson County Adult Protection program case manager seeking help for a 97-year-old man living in affordable housing with a roof in desperate need for repair. The CHC Housing Navigator provided the caseworker with nearly a half dozen referrals to agencies that provide home/roof repair assistance in the unincorporated Jefferson County. Unfortunately, the referrals didn’t generate results due to the clear gap in services available for mobile homeowners. BRI stepped up and agreed to cover the cost and completed the repair for Hays. After a complete evaluation of the home, staff also discovered and repaired Hay’s leaky kitchen sink, a hole in the floor of the kitchen and deteriorating, dangerous front steps that were immediately repaired at no cost to the homeowner. two new (used), reliable trucks to the fleet for the HMR team. The $70,000 grant from Daniels Fund was also used to provide home repairs for the elderly allowing them to have an opportunity to “age-in-place.” Service Area Expands to El Paso County & Colo. Springs Medicaid & Private Pay $40,000.00 1-Jun Research suggests that one-third to one-half of home accidents can be prevented by modification and repair. Home repairs and modifications can accommodate lifestyle changes, increase safety, security and comfort. Nowhere Else to Turn Addressing regular maintenance and repairs to maintain a fleet of nine vehicles for our construction crew continues to be a permanent yet necessary expense. In 2015, thanks to funding received from Daniels Fund, BRI added Non Government $50,000.00 HOME MAINTENANCE & REPAIR Trucks Added to the Fleet 122 SOURCES OF PROGRAM FUNDING 1-May With the metro area’s older adult and‘boomer’population on the rise, the need for BRI’s services continues to grow. Over 60 percent of older persons live in homes more than 20 years old, which often need repairs and modifications. Total Homes Rehabilitated 1-Apr Simply, those most vulnerable in our society are given an opportunity to live in safe and healthy homes. The growing challenge for the community is assisting the elderly to remain healthy, independent and in-place. Approximately 20 percent of the nine county DRCOG region’s current population is 60 years of age or older. 1-Mar tudies have shown that aging-in-place promotes self-sufficiency, alleviates isolation, reduces health care costs and allows the elderly to maintain their social networks. 1-Feb S Brighton 17 Jefferson County 21 Medicaid Home 2 Non-Government 11 Private Pay 4 Arapahoe County 17 Sheridan Housing 17 Thornton 30 Wheat Ridge 3 1-Jan Trending: Aging-In-Place Highlights In early 2015, Brothers Redevelopment was recruited to help homeowners in El Paso and Colorado Springs maintain their homes. This expansion adds over 3,000 square miles to Brothers’ service area, more than double the HMR program’s reach. By the end of 2015, more than $300,000 in funding was committed to the program, through multi-year contracts that will allow Brothers to address household safety needs for residents such as sewer, waterline, electrical and other essential, costly repairs. Both loans and grants are available to income-qualified applicants and will be used to provide low to moderateincome residents of El Paso County and the City of Colorado Springs access to housing rehabilitation services. Brothers is also working dilligiantly to identify and recruit qualified/ certofoed ;ocal contractors that are interested in working with Brothers on these home repairs. 5 PAINT-A-THON 2015 Invested In Seniors AVERAGE AGE OF CLIENT $18,636 Program Milestone: 37 Years, 7,011 Households W hen BRI launched a program painting the homes of neighbors in need, the thought of painting 7,000 homes was merely a fantasy in founding board member Don Schierling’s mind. “It was a matter of people working together in the development of neighborhoods,” said Schierling as he recalls the start of his journey with BRI. “And without the volunteers, we couldn’t do it.” In 2015, BRI staged the 37th Paint-A-Thon and thanks to the tens of thousands of Paint-A-Thon volunteers, 7,000 homes for seniors living on a fixed income and people with disabilities have received fresh coats of paint, 7,011 to date. All of these projects were made possible by supporters, staff and volunteers who continue to dedicate their resources, commitment and time to help provide safe, affordable, accessible housing and housing services for deserving low-income, seniors in Colorado. The 7,000th home was painted by Brothers Board and Staff on July 22 just a few blocks from the main office in Edgewater and Don Schierling was presented with the Brothers Lifetime Achievement award. The recipient, Ms. Tobin, has lived in Edgewater for more than 40 years and loves the small town feel of the neighborhood. “We felt it was appropriate to select one of our Edgewater neighbors for this project,” said Chad Nibblelink Volunteer Manager. “She has lived in Edgewater for about as long as Brothers!” By providing house painting to seniors at no charge, the idea of ‘aging-in-place’ becomes realistic and homeowners are able to stay safely and comfortably in their homes, longer. In just one day, BRI Paint-A-Thon projects saved 10 homeowners over $20,000. 6 72 Thank You Sponsors! AVERAGE ANNUAL HOUSEHOLD INCOME $4,300 AVERAGE SAVINGS PER HOUSEHOLD *20% of Clients Average Annual Income Devoted to the Volunteer Experience 1 03 2,288 16,691 $418,944 HOMES PAINTED DURING 2015 VOLUNTEER HOURS DONATED Committed to Partnership: Wells Fargo H elping maintain strong, healthy communities that make great places to live, work, play and do business is at the heart of many of the Paint-A-Thon supporters. For more than 10 years, banks like Wells Fargo have worked with BRI by contributing financial and volunteer resources to help improve homes and living conditions for deserving seniors like Mr. Lambert (pictured right). In 2015 alone, Wells Fargo contributed over $275,000 in program and operational funding. The sincere investment, dedication and commitment from noteworthy partners such as Wells Fargo plays a huge role in achieving results year after year. TOTAL VOLUNTEERS TOTAL SAVED *Volunteer hours equate to 9 full-time employees Thank You Volunteer Teams! Adams County Probation ADT Security Americorps NCCC Arapahoe County Arvada Covenant Church Augustana Lutheran Church Bauerle and Company Centennial Commission, Cippewa Valley Catholic Youth City of Northglenn & Northglenn Youth Commission Colorado Vincentian Volunteers CoreSite Craig Hospital Davis Financial & Insurance Denver Housing Authority DOOR H&L Architecture Hammersmith Mangement Heritage Title Company Hiratsuka & Associates Holland & Hart Hope Hacienda IHS Innovest Portfolio Solutions insurance Quotes Iron Horse Architects Janus Capital Group Kaiser Permanente & City of Englewood KEPHART Kirk of Bonnie Brae, UCC LDS -Mid Singles LenderLive Mullen High School Omega Psi Phi Faternity Inc, Chi Phi One Brick Denver Oppenheimer Funds Optum P2 Energy Solutions PHS Key Club Pinnacle Real Estate Advisors Red Rocks Community College -Richey May & Co. RMCAD Rose Medical Center Sage Financial Services & Rotary Shattuck Saint Mary’s Subaru of America Target U.S. Air Force Buckley Wells Fargo Westminster CATTLE Club Westminster Maintenance Staff Westminster Super Target Xactly Corp. Xcel Energy Zachry Engineering 7 HOUSING COUNSELING COLORADO HOUSING CONNECTS Innovative Solutions: Landlords are Key to Opening Doors o assist prospective BRI launched a website, T tenants in finding suit- ColoradoLandlords.org, a tool able housing, BRI joined The to educate landlords about Educate. Empower. Grow. CALLS RECEIVED JAN.-DEC. 2015 In The News: Helpline Receives call every minutes 1 E 7 very seven minutes, someone calls the Colorado Housing Connects (CHC) helpline looking for help. The number of calls has far surpassed what was expected when the helpline went live in June 2014. In 2015, CHC received over 15,000 calls. The age of callers has ranged from 16-92 years old and the average age of a caller is 46. Over 70 percent of callers that reported their income is 50 percent or less of the Area Median Income. AVERAGE AGE OF CALLER HELPLINE RECEIVES ONE CALL EVERY SEVEN MINUTES CALLERS MAKE < 30% AMI Top Calls Received 16,641 46 1 in 7 70% REVERSE MORTGAGE HOMEBUYER EDUCATION 1,555 266 1,020 199 housing vouchers and allowing them to submit vacancies directly to the program simplifying the process. The site also lists other ways to take action and get involved locally in the national movement to end veteran homelessness. Upon launch of the campaign in early August, Governor Hickenlooper proclaimed August as Veterans Housing Month and documented BRI as a leader in securing both incentive funds for landlords and housing for homeless veterans. Trending : Group Housing Counseling- On the other hand, the Colorado Foreclosure Hotline continued to see a decrease in calls, much due to the fact that Denver-area foreclosures have reached their lowest point since 2006. BRI’s successful experience managing both the Colorado and Wyoming Foreclosure Hotline program set the stage for CHC’s success as the program was prepared to addresses the emerging housing crisis of today. 8 CLIENTS COUNSELED DEFALT PREVENTION Four housing navigators staff the hotline, offering advice and nearly any housing question a client might have, from landlord issues to housing affordability, which is a leading topic requested. Over the last 12 months, Colorado Housing Connects (CHC) was quoted in 18 news stories across over a half dozen different publications. Word of mouth and local media coverage have played a large role in the increased call volume. Face-to-Face Housing Education Colorado Department of Local Affairs, the Metro Denver Homeless Initiative, the Metro Mayor’s Caucus and Atlas Real Estate Group to establish the Landlords Opening Doors program. Launched in early 2015, the program has worked with about 81 landlords and has raised more than $68,000 for an incentive fund to recruit civic-minded property owners/ managers willing to rent their apartments or homes to prequalified veterans or residents with housing vouchers. CALLS RECEIVED IN 2015 TOTAL CALLS RECEIVED Monthly Call Volume YEARS IN SERVICE 4,084 181,531 9 Learning Best Practices with Peers buying process Tpeciallyhestartshome with education, esfor first-time buyers. This is definitely not a market for someone to “wing it.” By offering free home buyer workshops and one-on-one counseling — in English and Spanish monthly, we’re providing home buyers an opportunity and crucial advantage to act more quickly and wisely. In 2015, BRI’s Housing Counseling program was sought to provide group housing counseling services at eight off-site events with 12 or more people in attendance. Group counseling offers a unique experience for peers to learn together and find solutions to their current housing concerns. P.95 AFFORDABLE HOUSING 2015 Preserving Affordable Housing 608 14 Brothers Property Management: High Demand, Tight Supply H igh demand, tight supply make preserving affordable housing in the Denver metro area a growing priority. Brothers continues to play a critical role in the preservation and production of quality affordable housing for low and moderate income Coloradans. The Brothers Property Management program owns and operates 608 units, in 14 affordable housing communities across the metro area. Thousands of elderly, disabled and low-income clients call a Brothers Redevelopment property home. In the coming years, Brothers seeks to strategically grow the portfolio and ultimately increase affordable housing availability. 70% 14% TOTAL UNITS AFFORDABLE HOUSING PROPERTIES ONE BED UNITS TWO BED UNITS Property Management Brook Haven Apartments 1646 S. Federal Blvd., Denver, CO 80219 40 units 303-893-0520 Garfield Apartments 2830 Garfield St., Denver, CO 80205 36 units 303-832-1302 Corona Residence 1445 Corona St., Denver, CO 80218 54 units 303-832-1302 Jefferson Terrace 2400 Decatur St., Denver, CO 80211 22 units 303-455-5034 Clayton Street Residences 1455 Clayton St., Denver, CO 80206 8 units 303-893-0520 La Alma Family 1361 Kalamath, Denver, CO 80204 34 units 303-893-0520 Decatur Street Residences 2903 W. Second Ave., Denver, CO 80219 12 units 303-893-0520 Sheridan Glen 5350 W. 52nd Ave., Denver, CO 80204 100 units 303-433-0409 Edgewater Plaza 2250 Eaton St., Edgewater, CO 80214 84 units 303-237-4800 Sunnyside Senior Apartments 1935 W. 46th Ave., Denver, CO 80211 20 units 303-455-5034 East Bay at Hidden Lake 3720 W. 68th Ave., Westminster, CO 80030 81 units 303-427-6275 Victor F. Smith Senior Housing Campus 800 High St., Erie, CO 80516 12 units 303-832-1302 Federal View Apartments 2625 Federal Blvd., Denver, CO 80211 24 units 303-893-0520 William Tell Apartments 1599 Williams St., Denver, CO 81 units 303-321-8250 l l l l l l l 10 l l SUPPORTERS 2015 Funders A.V. Hunter AARP Foundation Adams County Anschutz Family Foundation Anschutz Foundation Arapahoe County Atlas Real Estate Group Bank of America Blackbaud Brighton Legacy Foundation City of Aurora City of Denver City of Centennial City of Colorado Springs City of Englewood City of Lakewood City of Sheridan City of Thornton City of Westminster Human Services Board Quality Community Foundation Coresite Credit Union of Colorado Foundation Daniels Fund Denver Foundation Denver Housing Authority Dordt College Douglas County DRCOG El Paso County El Paso County Housing Aurhtority Energy Outreach Colo. First Bank Grace Covenant Prebyterian Church Helen K. and Arthur E. Johnson Foundation Humphries Foundation IC Youth Group Innovest Jackson Nat’l. Community Fund Jacober Kuehner Fund Jefferson County JK Mullen High School Jordy Construction Kaiser Permanente Kenneth King Foundation Kephart Architects Key Bank Foundation Kirk of Bonnie Brae Maybel Y. Hughes Trust mPowered MS Society Neisen Borth Agency Otter Box Penco Trust Pillar Properties Pinnacle Real Estate RAM Development Richey May RIMS Rocky Mountain Communities Sage Financial Services Schlessman Foundation Shop Works Architecture Solvera Advisors St. Catherine Univ. Subaru The Westminster Legacy Foundation TRS US Bank Virginal Hill Foundation Wells Fargo Housing Foundation Xcel Energy Youth Works/Real Resources Foundation Zachry Engineering Individual Donors Alejandra Diggins Angela Cortez Angie Shaler Anne Shirer Aspen Painting & Drywalling Barbara Carver Bill & Ann Christopher Blue Ribbon Home Warranty, Inc. Bonnie Mulvany Brad Lambert Bradley Weinig Carol Wollenberg Carole Lombard Chad & Christine Nibbelink Chad Holtzinger Chad Mitchell Chrissy Bunn Cyndi & Gary Goodman Dennis Nibbelink Diane Miller Don Schierling Donald Elliott Donavon & Amanda Paschall DonLee Lane Donna & John Mullins Donna Wertz Gail Rickman Grace Huerta Lucero Greg Adame H. Russell Gregory Harry Villano Hector Vargas James Banman & Judy Coover James Spray Janet Grimmett Janice Marie King Jason McCullough Jeff & Betsy Seifried Jeff & Lisa Martinez Jennifer Haynes Jessica Davis Jim Banman John Litz Joseph L. Leyba Judy Browne Realty Kimberly Vande Griend Krishna Aldrete Kurt Tetz Lawren Sinnema Lindsey Daly Lori Fey Maggie Osterbauer Marie Vigil Martha Karnopp & James Chaput Martha Rea Marvia Valdez Mary Anderies Mary Ann & Michael Shing Michael Brazee Mona Martinac Nancy Mascarenas Orten Cavanagh & Holmes, LLC Patricia & Steve Owens Patty Basquez Prior & Associates R.C. Thiel Randal & Mary Helen Friesen Rodger Hara Ronald Swenson Shannon & Stephanie Peer Shawn & Evon Holladay Stephanie Seifried Steve & Kelly Horace Susan Bardwell Terrelee Spindle Todd & Kelly Borth Tracy King Joyride Brewery LaMars Donuts MOXI Theater Noodles & Company O’Dell Brewing Co. Panera Bread Platte Valley Leasing Prep Right Coating RedBox (Outerwall) Reed Weimer Richard McKinley Rose Medical Center Safeway Southwest Airlines Terrey Harrod The MacDonald Family Vintage Theater Wheat Ridge Poultry Whole Foods - Belmar Wing Shack Enterprise l l l l In-kind Contributions Alamo Drafthouse American Furniture Warehouse Appliance Factory Outlet Arvada Center Aurora Laser Designs Bachus & Schanker Balistreri Vineyards Bestway Concrete Boondocks Fun Center Cabela's Carissa Basquez Carole Lombard Celani Pottery Chick Fil A Colorado Symphony Comedy Works DCPA Denver Zoo Disney/ESPN Don Schierling Elitch Gardens Flesher Hinton Georgann Low Grace Huerta-Lucero Home Depot Howl at the Moon instag8tor Jammin’ 101.5 l 11 Brothers Redevelopment, Inc. Mission Established in 1971, Brothers Redevelopment is a Denver based non-profit organization that provides housing and a variety of housing related services for the region’s low-income, elderly and disabled resdents. Programs & Services Affordable Housing Home Maintenance & Repair Colorado Housing Connects Paint-A-Thon Housing Counseling Get Involved Volunteer Nominate a Senior Sponsor a Home DONATE! Contact Us: Mail: Phone: Fax: Email: Web: Twitter: Facebook: 2250 Eaton Street, Ste. B Denver, Colorado 80214 303-202-6340 303-274-1314 [email protected] www.BrothersRedevelopment.org @Bros_Redevelop BrothersRedevelopment