2016 ANNUAL REPORT
g n i d l i bu hter g i r b ures fut
DEAR FRIENDS AND SUPPORTERS, Over the past four years, the Better Housing Coalition (BHC) board and staff have worked hard to lay a foundation for future growth. We have taken some difficult but necessary actions to improve cash flows and portfolio performance while reducing debt and expenses. These efforts have paid off, as illustrated in our improved 2016 financial results. We intend to build on this foundation. To that end, last year our board of directors approved an ambitious, three-year strategic plan for BHC’s growth and long-term sustainability. We are determined to meet each objective of this plan. To do that, we must maintain a laser-like focus in four strategic areas: perfecting our housing development model; achieving greater financial capacity; fostering a high-performance staff culture and augmenting our resident services programs. We took a number of steps toward those goals in 2016, a few of which are highlighted in this report. As one example, we hired Monique Johnson as our Chief Operating Officer. After an extensive search yielding 80 applicants, we found this excellent addition to our leadership team in our own back yard. Also, BHC became a charter member of NeighborWorks® America last year. NeighborWorks is a national organization that provides training, technical assistance and financial resources to its members. We also joined the Housing Partnership Network, another national association of strong affordable housing developers. Our association with these organizations will help build our financial strength, and enhance staff support and training. BHC staff have already benefited from exchanges with their fellow colleagues nationwide. Despite our progress during the past year, we cannot become complacent. We still need contributions and grants to cover operating costs; our goal of financial self-sufficiency has yet to be met. We face competition from nimble for-profit developers. Federal, state and local funds for low- to moderate-income housing developments are steadily shrinking. Housing development, by its very nature, is risky and expensive. We have much work to do and many rivers to cross. Finally, we never forget the 3,000 reasons why we are in this business — our residents. In 2016, BHC awarded nine adult residents higher-education scholarships from our recently established Founders’ Scholarship Program. This investment has already shown a remarkable ROI: two of our students made the Dean’s List, and one made the honor roll during this first year of support. We applaud all of them for their determination and hard work as they strive for personal success. We have much to celebrate as we continue to lay the groundwork for a bright future. Thank you for your interest in and support of our work.
CHAIRMAN’S LETTER
BHC’S MISSION
The Better Housing Coalition changes lives and transforms communities through high-quality, affordable housing. BHC’S VISION
To ensure that every citizen in our region, regardless of their economic status, has good choices in where they live, and opportunities to reach their fullest potential. FOLLOW US
betterhousingcoalition @BHC_RVA
Sincerely,
Michael J. Schewel, BHC BOARD CHAIR
COVER: Young resident enjoys the pool at Winchester Greens Credit: Taylor Dabney
BHC FINANCIALS
2 0 1 6 O P E R AT I N G H I G H L I G H T S
ASSETS
Cash
$5,148,901
Property & Equipment** 87,883,721
R EVE N U E
Restricted Deposits
Rental Property Other Revenue Contributions Real Estate Development Income Grants from Governmental Agencies Interest/Investment Earnings
5,031,197
$11,637,281
70%
Construction in progress 14,398,417
2,241,081
14%
Restricted Cash
1,212,369
7%
Accounts Receivable
296,875
1,053,806
6%
Tenant Receivable
138,114
377,072
2%
Other
481,515
23,957
<1%
$16,545,566
Total Assets
2,306,369
$115,685,109
LIABILITIES
Accounts Payable
EXPENSES*
$676,411
Loan Payables
33,535,548
Lines of Credit
11,710,006
Deferred Revenue
Rental Property Personnel Real Estate Development General Management Community Social Work
$7,580,185
63%
1,809,184
15%
1,369,579
11%
4,422,071
Other
353,561
Total Liabilities
$50,697,597
659,200 5.5% 657,549 5.5% $12,075,697
* Does not include depreciation of $3,974,585
NET ASSETS
Total Net Assets
$64,987,512
** Includes depreciation of $37,115,918
Note: Does not reflect income and expenses from our property management related party. Full audited financials are available by contacting the External Affairs Department at 804-644-0546.
Greta Harris on WRIR’s ‘Inspire Indeed’ with Elaine Summerfield
6 1 20 hts
g i l h g i h
s
BHC HIGHLIGHTS
Implementing Best Practices in Community Development
Preserving and Maintaining Affordable Housing
After a rigorous, year-long vetting process, BHC became a charter member of NeighborWorks® America, a national organization that provides training and other resources to community development corporations across the country. NeighborWorks supports a network of more than 240 nonprofits like BHC, and offers valuable opportunities for peer-to-peer exchanges to learn best practices from their colleagues.
Just as important as building affordable housing is the preservation of our existing assets. These efforts are costly and years in the planning; but are critical to ensure that existing properties remain available to the many who need them.
Among the criteria evaluated prior to granting membership are the ability to form meaningful local partnerships, degree of engagement by the board, extent to which the organization performs well financially, and past and future potential impact on the community they serve. NeighborWorks is the nation’s leading trainer of community development and affordable housing professionals. To date, nearly 20 BHC employees have already benefited from training and networking opportunities.
$10 million in financing provided by Union Bank allowed BHC to refresh the Winchester Greens community in North Chesterfield in 2016. General contractor J.D. Lewis replaced roofs, porches, decks and trim with low-maintenance composite materials; and upgraded HVAC systems, water heaters and closet doors for the 240 units. In the Fan District, our three-story, historic Columns on Grove senior community received new porches, roof and infrastructure repairs with the help of grants totaling $280,000 from the Nunnally Foundation, RollerBottimore Foundation and the City of Richmond. “The Columns” also received much-needed weatherization updates to increase energy efficiency through Dominion’s EnergyShare program.
Investing in Human Capital In an environment where the federal, state and local commitment to affordable housing is increasingly uncertain, BHC must continuously identify ways of operating more effectively, cultivate new resource streams and retain creative and committed innovators throughout the organization. One such innovator is Monique Johnson, hired as BHC’s Chief Operating Officer in September 2016. Monique’s role is one that encourages and models a culture of reinvention and continuous improvement through an intentional focus on people, processes and organizational infrastructure. Prior to joining BHC, Monique was a Senior Loan Officer for Virginia Community Capital, a funding source for affordable housing and economic development initiatives throughout the Commonwealth. She’s a familiar face, having served on the BHC and BHCM Boards of Directors. This experience, coupled with a previous three-year stint at BHC as senior project manager, means that she came to her position with a strong understanding of BHC’s mission, vision and operations.
BHC HIGHLIGHTS
Reducing Barriers to Higher Education
Fostering Healthier Environments
Building Wealth in Areas of Opportunity
There is a growing wealth gap in this country between college-degree holders, and those without. Yet several barriers face students from lower-income families as they attempt to bridge the gap between educational aspirations and college degree attainment.
To provide a healthier and safer environment for BHC residents, BHC launched “Breathe Easy,” a smoke-free initiative in July 2016. Beyond the potential health risks to residents, the increased maintenance costs, additional unit turnaround time and accidental fire dangers present with indoor smoking were too great for BHC to ignore.
In our efforts to reduce blight, build family equity and provide affordable home ownership options, BHC continued its build out of the “Model Block” in North Church Hill (1300 blocks of N. 26th and N. 27th Streets).
BHC aims to lower some of those barriers for residents who wish to achieve higher education. Through annual college campus visits conducted by resident services staff, young BHC residents get exposure to various academic campuses, and experience the excitement of seeing people their age in that environment. To encourage academic achievement at all ages, BHC offers its Founders’ Scholarship Fund, which provides financial assistance to any resident age 17 and older seeking higher education. In 2016, nine BHC residents received the first distribution of $10,000 from the fund, named in honor of founders Mary Tyler McClenahan and Carter McDowell. In the first year, two recipients made the Dean’s List, and one achieved honor roll.
To support those residents who decided to take this opportunity to quit smoking, BHC hosted on-site smoking-cessation workshops with local experts, and provided other helpful resources. Since that time, we have been encouraged by the stories of some of our residents who took action. In particular, some of BHC’s senior residents found they are living healthier, and are realizing more disposable income after quitting. Once the smoke-free initiative is fully implemented by year-end 2017, BHC stands to save an estimated $100,000 in operational costs per year.
In collaboration with partners Project:Homes and the Southside Community Development and Housing Corporation, BHC has converted 53 vacant, overgrown parcels of land containing 30 blighted structures into a total of 40 attractive, affordable, single-family homes for sale to first-time homebuyers. Bittersweet moment: BHC homes on the model block represent what may be our final development of affordable single-family homes in Church Hill. As intended, our $50+ million investment in that neighborhood over time has stimulated substantial private investment in the area, making most new property acquisition unattainable. Our work in Church Hill is nearly complete.
r o n n o o i d ppreciat a
Richmond Association of REALTORSÂŽ board members volunteer at Market Square
D O N O R A P P R E C I AT I O N
S U S TA I NI NG PAT RO NS Endowment gifts Hilton W. Goodwyn, Jr.* and Erline H. Goodwyn through the Hilton W. Goodwyn and Hallie J. Goodwyn Fund COMMITTED TO CHANGE $25,000 and Higher Altria Companies Employee Community Fund Anonymous Mr.* & Mrs. J. Stewart Bryan The Cabell Foundation The Cameron Foundation Capital One Services, Inc. Community Affordable Housing Equity Corporation (CAHEC) The Community Foundation Serving Richmond and Central Virginia
Hilton W. Goodwyn and Hallie J. Goodwyn Fund County of Henrico Jenkins Foundation Kathie and Steve Markel Becky and John McCann Charles & Carter McDowell Mr. & Mrs. R. Wheatley McDowell NeighborWorks® America Moses D. Nunnally, Jr. Charitable Trust The Mary Morton Parsons Foundation City of Richmond Richmond Memorial Health Foundation RRHA The Bob & Anna Lou Schaberg Fund at VNHC Michael J. Schewel and Priscilla Burbank Sledd Family Charitable Fund
Laura Lee Garrett, Lissy Bryan and Beverly Lacy at Groundbreakers
Mr. and Mrs. Wallace Stettinius Towne Bank Mr. and Mrs. James E. Ukrop Union Bank and Trust United Way of Greater Richmond & Petersburg Wells Fargo Housing Foundation The Harriett B. West Foundation CHAMPIONS OF CHANGE $10,000 - $24,999 Bank of America Merrill Lynch BB&T Judith Haskell Brewer Fund Chesterfield County Brandi and Dave Fose Genworth Foundation Harris Williams & Co. and PNC Foundation J.D. Lewis Construction Management, Inc. Lumber Liquidators R.E.B. Foundation SunTrust Foundation Mr. and Mrs. Randolph F. Totten Virginia Housing and Development Authority (VHDA)
C OM M U N IT Y BU IL DER $5,000 - $9,999 Anonymous Ronald and Liliana Bertolini Gertrude M. Conduff Foundation David and Christine Cottrell Family Fund Carole and Jim Farnham First Tennessee Bank Atma and Indu Iyer Loupassi Foundation Media General, Inc. Shamin Hotels Virginia H. Spratley Charitable Fund Tredegar Industries, Inc. Virginia Community Development Corporation TOW N BU IL DER $1,000 - $4,999 Mr. and Mrs. Neil Amin Anonymous Richard and Maggi Beckstoffer Ms. Roberta Bocock Howard and Cathy Bos
Mr. Arthur Bowen Capital One PAC Fund Margaret and James Carreras Mrs. Dianne D. Carter Tom and Anne Garland Farrell Laura Lee Garrett and John Vollino Yvonne and Charles Gold Donor Advised Fund of Richmond Jewish Foundation Randy B. Gonzalez and Christy R. Cleare Hamilton Family Foundation Ms. Greta Harris Hirschler Fleischer Mr. and Mrs. W. Barry Hofheimer Icon Realty Group Mr. & Mrs. Thomas E. Jacobson Ms. Monique Johnson Joyner Fine Properties Heather and Peter Kauffman Laura and Michael Lafayette Jeff and Karen Levin Amanda Macaulay Metropolitan Health Foundation, Inc. Doug and Laurie Moran The Morton Family Fund National Equity Fund, Inc. Ms. Nina Nolley Mr. & Mrs. John M. Oakey, Jr. Mr. and Mrs. Walter O’Brien, Jr. Park Sterling Bank Mr. Lane Pearson, Esq. C.D.L. and M.T.B Perkins Fund The Francis and Joanne Pineno Charitable Fund Virginia Sargeant Reynolds Foundation Richmond Association of REALTORS®
A SINCERE THANKS TO ALL OUR SUPPORTERS
Richmond Christmas Mother Fund Mr. Gilbert Rosenthal Ms. Debra Serena Mr. Paul Sheehy Showalter Family Fund Mr. and Mrs. William Strickland SunTrust Mortgage, Inc. Timmons Group Mr. Fitz Totten Mr. & Mrs. Robert Ukrop Scott and Lilo Ukrop Ted and Katie Ukrop Urban Design Associates Mr. and Mrs. Henry Valentine, II Mr. John & Dr. Nirmala Vasa Mr. Todd Waldo Walter Parks Architects William Weber David and Jean White Dorothy Young and Alan Stone NEIGHBORHOOD BUILDER $500 - $999 Anonymous Beaulieu Group, LLC Mr. and Mrs. Charles B. Bice Boho Cycle Studio, LLC Brockenbrough Family Fund The Reverend & Mrs. William Hill Brown, III ChildSavers Cushman & Wakefield | Thalhimer Richard and Allyson Dickinson Dooley and Vicars CPAs, LLP E.A. Holsten, Inc. East West Communities Charlie and May Fox Nancy and Bruce Gottwald Gray Holdings, LLC
Charlie, Carter and Wheat McDowell at ‘An Evening with Barbara Ehrenreich’
Mr. & Mrs. William M. Hill Amy Howard and Rob Nelson Joyce M. Jackson The Honorable Timothy Kaine & the Honorable Anne Holton Joe and Mary Jo Kearfott Mr. Paul Lundmark Mr. and Mrs. Richard G. Lundvall Lynn McAteer Mary K. McDonald Mosaic Catering + Events in kind Peter Paul Development Center The Smith Family Charitable Fund of the SEI Giving Fund Sports Backers Mr. George Stuckey Mrs. Quincy Umphlette Dr. and Mrs. H. Hudnall Ware, III Mary and George Wickham Mr. and Mrs. Samuel Witt, III H OME BUIL D ER $100 - $499 Drs. John Accordino and Anne-Marie McCartan Mr. and Mrs. Benjamin C. Ackerly, Jr.
Anonymous (4) Mrs. Joseph L. Antrim, III Armstrong, Bristow, Farley & Schwarzschild, PLC Mr. and Mrs. Orlando Artze Mrs. L. Anthony Austin Josh and Erica Babcock Sally Bagley Ms. Sandra Bailey Mr. & Mrs. William D. Baldwin Mr. Jon Barrett Brian and Erin Ehrlich Beard David Belde Scott and Nancy Belleman Stacie and Brad Birchett Mr. & Mrs. Robert P. Black Nancy B. Booker Bristol-Myers Squibb Matching Gift Program Ms. Amy Broderick Andrea and Jack Butler Westy Byrd Mr. and Mrs. Robert Cabaniss, Jr. Linda and Dale Cannady Dr. and Mrs. Charles M. Caravati, Jr.
Carlock, Copeland & Stair, LLP Betsy Brooks Carr James Scott Carreras Jack Catlett and Kathy Spong Amy Chapman Christian & Barton, LLP Ms. Tonia L. Churchwell Mrs. Herbert A. Claiborne Comcast in kind Cornerstone Architects, PLC Cornerstone Homes Costar Group, Inc. in kind Mr. and Mrs. Thomas Cricchi Claude B. Daniel Ms. W. Lauraine Davis Ms. Susan Dewey Chip and Sarah Dicks Harvey P. Diehr Ralph and Elsie Dillard Chris Dimotsis Charlie Diradour Dominion Due Diligence Group Mr. Ronnie W. Drake Draper Aden Associates Kristin Dunstan John B. Elliott Howard Ellis and Eugenia Anderson-Ellis Emily Elmore Christopher English Neil and Anne Preston Farmer Sarah and James Fernald Ms. Mary Field Mr. and Mrs. Frederick Fisher, III Ms. Veda Florance-Hawkes Mr. and Mrs. Frank M. Foster, Jr. Mr. and Mrs. Mark Franko Don and Betsy Garber Glave & Holmes Architecture Mr. Mark Gordon
D O N O R A P P R E C I AT I O N
Robert Rae Gordon Mr. J. Carroll Graham Green Truck Marketing in kind Richard Gregory Ms. Valerie Guffy Chris Hairston-White Mr. and Mrs. Brenton S. Halsey Cheryl Hamm Helen Hardiman Russell and Susan Harper Katie Harrigan Terrell & Elliott Harrigan Eva Morgan Hartmann Ms. Jane Helfrich Mr. and Mrs. David Herring Robert E. Hill Mr. John C. Hoggan, Jr. Mary Jane Hogue Jean and David Holman Daniel Honsberger Rhonda Howlett Chandra Hurst Ms. Carol Jackson Mr. Stewart Jester and Dr. Halleh Akbarnia Johannas Design Group Dr. and Mrs. Gary T. Johnson Velma and Samuel Johnson Jacqueline and Robley Jones Mr. and Mrs. Heyn Kjerulf Shannon Knowles Koval Family Fund Dr. Nelson D. Lankford Betsy Loeb Reverend and Mrs. J. Fletcher Lowe, Jr. Mann T. Lowry Foundation Luck Stone Foundation Nadine Marsh-Carter Bill Martin
Monique Johnson with Virginia & Randy Totten at the Builderâ&#x20AC;&#x2122;s Society Reception
Ms. Alison McCabe MariCris and Lindsay McDowell Dr. & Mrs. Read McGehee, Jr. Kathryn M. McGrew Alice Reed and Hunter McGuire Fund Linda McMinimy Mrs. Penny McPherson Ms. Linda Melton Mr. and Mrs. William Metcalfe Miller & Associates, LLC Ms. Josephine J. Miller Dr. John V. Moeser Chris and Dena Moore Mr. & Mrs. Edward Myers Cynthia Newbille Ali Newton Mr. and Mrs. William Nolley One South Realty Group Sally and O. H. Parrish Mary Parsley The Partnership for Housing Affordability Marjie Patterson James A. and Mary C. Payne
Mrs. Thelma Pettis Trip Pollard and Elizabeth Outka David Pritchard Quirk Hotel Vance Richardson Gift Fund of Fidelity Charitable Richmond Friends Meeting River City Roofing, LLC Mr. and Mrs. Walter Robertson, III John Jay Schwartz Mr. and Mrs. S. Buford Scott Mr. and Mrs. R. Strother Scott Mr. David Seibert Ms. Julia Seward Bill Shelton Mr. and Mrs. Otto B. Shreaves, Jr. Simpson Housing Muktha & T.K. Somanath Ms. Jane Sper Mrs. Mary Stagg Ms. Frances Stanley State Street Matching Gift Program Mr. and Mrs. Richard Strauss Mr. Alan Stringer
Summit Suites Richmond Veronica Taylor Mr. and Mrs. Peter Toms Meg Turner UrbanCore Construction Don G. Virgin Mark J. Walker John and Susan Wilkes Family Fund Evelyn C. Wilkie Mr. and Mrs. Daniel L. Williams, Jr. Mr. and Mrs. Fielding Williams, Jr. Hilda L. Williams Hank and Laura Williamson Stephen Wilson Mr. and Mrs. Wesley Wright, Jr. Frances Zehmer John and Bucci Zeugner GOOD N EIGH BOR Up to $99 Alison and Lee Alford AmazonSmile Foundation Brian Andress Anonymous (4) Evan Apotheker Mr. and Mrs. Michael Armstrong Alex Arruda Dana Marie Buchanan and John Barsanti The Beach House Bar and Grille in kind William Bradley Beaman Board of Directors of Beaulieu Group, LLC Mr. and Mrs. Jack Berry Carolyn Bishop Corey Boone Michaelle Boyer
A SINCERE THANKS TO ALL OUR SUPPORTERS
Rick Brisee Mr. and Mrs. Philip Brooks Trevor Randolph Buckley Jerry Candrilli Carolyn Champion Ms. Regina Chaney Christopher Claytor Jonathan Claytor Eva Colen Mr. J. David Conmy, Jr. Wiley E. Cross, Jr. Susan Dandridge Mr. Richard Day Heather Dedie Holly Delano Mary Delicate Mr. Howard Deskin Mr. and Mrs. Graham Driver Anne T. Durkin Mr. and Mrs. Robert Emmich, Jr. Dawn Epley Gerald Escobar Betsy and Jim Fernald Veronica Fleming Mr. David Forrest, Jr. Pamela Freeth Erich Fritz Debra L. George Goodwill of Central and Coastal Virginia Kathleen McClory and Bruce Gould Ms. Freda Green-Bolling Ms. Elizabeth Greenfield Ms. Jane Hamilton The Handy Family Ben Harmon Katie Harrigan Mr. John F. Hastings David Hebel
2016 Groundbreakers Robert Bolling (ChildSavers) and Candice Streett (LISC)
Ms. Jane Henderson Ms. Dana Henry Roger and Maureen Hildreth James Hill Dennis Lee Howard Mr. Karl L. Huber Amanda Huff Ms. Mitzi Humphrey Lavinia Hurley Mary Kay and Phil Huss Bethany Jaeckle Joseph Jones, III Malcolm Jones Mr. Stephen Kadar, Jr. Taylor Keeney Ms. Suzanne Keller, MA Joe Koeberle Hank and Sarah Krohn Ms. Swetha Kumar James Lambert Ashley Landes Ms. Andrea Levine Mr. Steven Longstaff Ms. Cyane Lowden Mrs. Anne Lower Crystal Lowery
Mary L. Lyons Eliza Machek Eva Mallory Brantley Mason, Jr. Toni Maxey Jan McCauley Carolyn McCrea John McFarland Sara Mehle Sarah Midkiff The Mill on MacArthur in kind Terrie P. Miller Dr. & Mrs. Allen J. Mollen Corbin and Murray Moore Jennifer Mullen M. Pinson Neal, III David Nelms Michelle Newcomb Mr. and Mrs. Robert Newman Susan Newton Kimberly Nicolas Lauren Nuckols Dr. and Mrs. Anand Pandurangi Jennifer Peterson Martha M. Pollard Craig Ponte
Pope Carpet & Floor Center, LLC in kind Margaret Powers Thomas Raper Restoration Builders of Virginia Mr. and Mrs. R. Coleman Rice, Jr. Beau and Betty Lynne Robertson Mrs. Mary M. Robinson Wally Robinson Laurie J. Rogers Ann Romer Ross Publishing in kind Rebecca and Foster Rowe Laura Rucker Richard Rumrill John Rupp Mrs. Calvin Satterfield, III Cathy Saunders Anne Savedge Eleanor Scales Andrew Mark Scherzer The Sherwin-Williams Company in kind Meredith A. Shuford Henry Silberhorn Regina Sobey Rodney and Rebecca Sobin Ms. Karen Sorrell Carolyn A. Speer Tory and Eric Sprehe Christopher Sterling Stewart/HG The Honorable Lavar M. Stoney Mr. and Mrs. Mikel L. Stout Strangeways Brewing Mrs. Carolyn Street Robert and Mary-Helen Sullivan SunTrust Private Wealth Dr. & Mrs. E. Armistead Talman Dr. Glenn Thomason
D O N O R A P P R E C I AT I O N
Good Neighbor Continued Mary and George Thompson Mr. and Mrs. William Trigg Brantley Tyndall Angie M. Vasquez Daniel Wagner Stratford Ward Jane-Page Watson Julie and Paul Weissend Dr. Cynthia Weldon-Lassiter Mario Wells Amber Wilk Kimberly Willett Dynell Williams Ryan Williams Cleveland and Kay Williamson Christopher M. Winslow Christopher Yenson
We are grateful to all donors who contributed via these workplace giving campaigns: Commonwealth of Virginia Campaign (#003624) United Way of Greater Richmond and Petersburg United Way Local Government & Schools (#3158) * deceased Donor advised fund of The Community Foundation Serving Richmond and Central Virginia We have taken great care to ensure the accuracy and completeness of this list, and regret any errors or omissions.
Gifts in Honor & Memory In Honor of Stacie Birchett Christopher English
In Memory of Lewis T. Booker Nancy B. Booker
In Memory of J. Stewart Bryan Muktha & T.K. Somanath Mr. and Mrs. James E. Ukrop Mr. and Mrs. Henry Valentine, II
In Honor of Lissy Bryan Sally Bagley Scott and Nancy Belleman Mr. & Mrs. Robert P. Black Ms. Roberta Bocock Ms. Jane Hamilton Mr. & Mrs. William M. Hill Neil and Anne Preston Farmer
Simpson Housing Muktha & T.K. Somanath Carolyn A. Speer Mr. and Mrs. Mikel L. Stout Stratford Ward SunTrust Private Wealth
In Memory of Hilton W. Goodwyn, Jr. Wiley E. Cross, Jr. Harvey P. Diehr Claude B. Daniel Mr. and Mrs. Otto B. Shreaves, Jr. Evelyn C. Wilkie Cleveland and Kay Williamson
In Honor of Greta Harris Nadine Marsh-Carter
In Memory of Nancy Crater Jandl
In Memory of Joan Midkiff Farley Chappell
Mrs. Westy Byrd
Mr. and Mrs. Benjamin C. Ackerly, Jr. Armstrong, Bristow, Farley & Schwarzschild, PLC Mr. and Mrs. Michael Armstrong Mrs. L. Anthony Austin Beaulieu Group LLC The Board of Directors of The Beaulieu Group Nancy B. Booker Mr. and Mrs.* Austin Brockenbrough, III Carlock, Copeland & Stair, LLP Christian & Barton, LLP Mr. and Mrs. Frank M. Foster, Jr. Mr. and Mrs. Mark Franko Debra L. George The Handy Family Velma and Samuel Johnson Joe and Mary Jo Kearfott Shannon Knowles Brantley Mason, Jr. Charles & Carter McDowell Kathryn M. McGrew Corbin and Murray Moore Martha M. Pollard Beau and Betty Lynne Robertson Laura Rucker Meredith A Shuford
In Honor of Laura Lafayette Ralph and Elsie Dillard Cathy Saunders
In Honor of Carter McDowell Sally Bagley Emily Elmore Mr. & Mrs. William M. Hill Mrs. Anne Lower Mr. & Mrs. R. Wheatley McDowell MariCris and Lindsay McDowell Mr. and Mrs. R. Coleman Rice, Jr.
In Honor of Wheat McDowell Mrs. Barrie McDowell Meg Turner
In Memory of Estelle V. Smith Ms. Regina Chaney
In Honor of TK Somanath Mr. J. Carroll Graham Mr. Stephen Kadar, Jr.
In Honor of Bobbie Ukrop Mr. and Mrs. Daniel L. Williams, Jr.
In Memory of Madge Virgin Don G. Virgin
BHC LEADERSHIP
BHC BOARD OF DIRECTORS
I M M E D I AT E PA S T C H A I R
S E C R E TA R Y
TREASURER
Michael J. Schewel R. Wheatley McDowell
CHAIR
VICE CHAIR
Laura D. Lafayette
Freda Green Bolling
Richard Dickinson*
Tredegar Corporation
Richmond Association of REALTORS®
Virginia Department of Health
TowneBank
Richmond Capital Management
Greta J. Harris
Neil Amin
Ron Bertolini
Philip Brooks
Regina Chaney
Anthony Clary
President/CEO Better Housing Coalition
Shamin Hotels
Genworth Financial
McNeil Street, LLC
Housing Opportunities Made Equal (HOME) of Virginia
Virginia Supportive Housing
Jane Ferrara
Laura Lee Garrett
Veronica Fleming*
Randy B. Gonzalez
Mark Gordon
Amy Howard, PhD
City of Richmond Economic & Community Development
Hirschler Fleischer
Partnership for Families, Inc.
Virginia Community Capital
Bon Secours
University of Richmond
Atma Iyer
Penny J. McPherson
Doug Moran
Capital One
Wells Fargo
If You Will Lead, LLC
Walter J. O’Brien, Jr. Kenneth J. Shepard, CFA Community Volunteer
US Trust
R. Scott Ukrop New Richmond Ventures
EMERITUS MEMBERS
Todd Waldo
Michael Williams*
Carter McDowell
Lissy Bryan
John McCann
Royall & Company
Park Sterling Wealth Management
Co-founder, Better Housing Coalition
Past Chair, BHC Board
Past Chair, BHC Board
* New 2017 board members
BHC LEADERSHIP
BHC MANAGEMENT BOARD
CHAIR
S E C R E T A R Y/ T R E A S U R E R
W. Barry Hofheimer
Eric Turner
Regina Chaney
Duke Dodson
Graham Driver
CB Richard Ellis Investment Properties
Keiter
Housing Opportunities Made Equal (HOME) of Virginia
Dodson Property Management
Community Volunteer
John F. Hastings
Cheryl Hamm
Virginia Housing Development Authority
Joyner Commercial
R. Joseph “Joey” Noble* Williams Mullen
Joseph M. Teefey Teefey-Collins Consultants
Arild Trent*
W. Martin Williams*
Virginia Community Harvey & Williams, PLC Development Corporation
* New 2017 board members
BHC YOUNG PROFESSIONALS (BHCyp) Alex Arruda
Rebecca Rowe
Chris Dimotsis
CHAIR
S I G N AT U R E E V E N T O F F I C E R
Virginia Housing Development Authority
Virginia Housing Development Authority
Virginia Housing Development Authority
Ali Newton
Damien Sharp
VICE CHAIR
OUTREACH OFFICER
Divaris Real Estate, Inc.
Troutman Sanders LLP
Lauren Cross S E C R E TA R Y
Janell Baker
Henrico County Department of Community Revitalization
City of Richmond
Kayla Smith
Patricia Bradby
TREASURER
A Village Youth & Family Services, Inc.
Erin Ehrlich Beard C O M M U N I C AT I O N S O F F I C E R
Virginia Hospital & Healthcare Association
Trevor Buckley SPECIAL PROJECTS OFFICER
Timmons Group
Leadership Metro Richmond
Amy Broderick Cushman & Wakefield | Thalhimer
Andrew Clark Home Builders Association of Virginia
Sojourna Cunningham University of Richmond
Candice Evans Virginia Housing Development Authority
Malcolm Jones Rebuilding Together Richmond
Peter Klemz Virginia Community Capital
James Lambert Virginia Housing Development Authority
Crystal Lowery Mosaic Events
Sara Mehle Dorsey, Wright & Associates
Christopher Yenson City of Richmond
Thank you for your support! BHC was built on the generosity of community members like you. Wonâ&#x20AC;&#x2122;t you consider making a gift today? Every dollar we receive is reinvested in your community.
50,000
Moves the needle on future income-inclusive housing
$
25,000
Preserves BHC communities in the Richmond region
$
10,000
Provides critical services to help stabilize families
$
$ $ $
5,000
Brings the arts to our 750 senior residents
$
500
Delivers health and wellness programs to a senior
2,500
Funds a scholarship for higher education
$
250
Sends a teenager on college visits and field trips
1,000
Offers vocational training to adult residents
$
100
Provides a child with on-site afterschool care
The Better Housing Coalition changes lives and transforms communities through high-quality, affordable housing.
23 WEST BROAD STREET | SUITE 100 | RICHMOND, VIRGINIA 23220 ( 8 0 4 ) 6 4 4 - 0 5 4 6 | W W W. B E T T E R H O U S I N G C O A L I T I O N . O R G
Better Housing Coalition is part of the NeighborWorks network, an affiliation of more than 240 nonprofit organizations located in every state, the District of Columbia and Puerto Rico. The NeighborWorks network was founded and is supported by NeighborWorks America, which creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities.