2010
Annual Report
CONTENTS
Vision, Mission, Values . . . . . . . . . . . . . . . . . 4 From the Chair. . . . . . . . . . . . . . . . . . . . . . . . . 5 From the CEO . . . . . . . . . . . . . . . . . . . . . . . . . 6 The Habitat Model . . . . . . . . . . . . . . . . . . . . . 8 Partner Families . . . . . . . . . . . . . . . . . . . . . . 11 Volunteers . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 ReStore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Global Village. . . . . . . . . . . . . . . . . . . . . . . . . 16 Sponsors and Donors. . . . . . . . . . . . . . . . . . . 18 . List of Sponsors and Donors . . . . . . . . . . . . 19 Financial Summary . . . . . . . . . . . . . . . . . . . . 21
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
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FROM THE CHAIR
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ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
MISSION, VISION, VALUES
VISION
A world where everyone has a safe and decent place to live.
MISSION
To mobilize volunteers and community partners in building affordable housing and promoting homeownership as a means to breaking the cycle of poverty.
VALUES
• HOUSING FOR ALL: We believe that access to safe, decent and affordable housing is a basic human right that should be available to all. • HUMAN DIGNITY: We believe in the worth and dignity of every human being. We respect the people we serve and those that help us in this effort and recognize them as our greatest resource. • PARTNERSHIP: We believe we can best achieve our mission through meaningful and mutually beneficial partnerships with others. • FAITH IN ACTION: We believe that faith is lived through action. Building on our Christian foundation, we serve and work with people of all faiths and beliefs in a spirit of justice and compassion. • DIVERSITY & INCLUSIVENESS: We believe there is a role for everyone committed to our vision, mission and values and we seek to enrich our organization through diversity.
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
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FROM THE CHAIR
The closing of 2009 brought unique challenges for Habitat for Humanity both internationally and to the local affiliates. With the economic down turn in the global economy, uncertainty abounded with speculation of deep cuts to corporate donations and the prospect of limited product donations, that so many charities have come to depend on. Through all this uncertainty this affiliate continued on in our work to put more families in their own homes. One of the successes of Habitat for Humanity is the value in the Restore program. Again the two Restores, located in Burnaby and Vancouver, have been very successful, much in part due to the donations that the Restores rely on, the endless volunteer hours and of course the dedicated staff that keep it all running. As we continue to promote the value of the products that you can buy at the Restore, I encourage everyone to reach out and tell as many people as you can that they are not only supporting a great charity but they are also helping the environment. The Restore promotes a sustainable community by recycling new and used items that would normally find their way to the landfill. So let’s reach out and let people know what the Restore can offer them and how it positively impacts the community. With every passing year that I sit on the board, I have always been moved by the generosity of the volunteers, corporate donators, the build site and ReStore volunteers and the entire local Habitat for Humanity staff. I want to take an opportunity to thank everyone for their efforts and contributions great or small. Without the passion and dedication to this worthy cause many families would never see the reality of affordable housing. I thank all of you from all of us on the Board for your continued commitment and hard work. In closing, with 2010 well underway I am excited about the potential of new opportunities for the Vancouver affiliate. Again the success of Habitat for Humanity is built on the dedication and hard work from all of the volunteers and donors. Thank you, for your continued support and we look forward to partnering with you for the years to come. Wayne Arondus John Bennett Co-Chairs, Habitat for Humanity Greater Vancouver
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
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FROM THE CEO
2010 once again highlights the success of our partner families, volunteers, donors and stakeholders. In November we celebrated the dedication of Phase 5 of the Burnaby build to welcome an additional five families. In addition, we explored a partnership with Westbank Projects and Vancity to create the possibility of homeownership for families in the downtown eastside for 2012. The “regulars” on the build site have been invaluable, showing up rain or shine to help to build not only the houses, but the confidence and skill level of other site volunteers. ReStore staff and their volunteers have worked tirelessly to provide a variety of products that keep our customers coming back for more, and I especially want to thank the office staff with whom I’ve worked most closely over the years. Now more than ever, our neighbors need a helping hand. Please accept my heartfelt appreciation for your time, your contributions and your energy. Together Habitat will ensure that families in our community have the opportunity to enjoy the stability, the security and the dignity of a decent, affordable home. Thank you for continuing to partner with us as we move forward to build more homes and change lives for more families. Anneke Rees CEO, Habitat for Humanity Greater Vancouver
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
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ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
THE HABITAT MODEL
Habitat’s homeownership program reduces the barriers to homeownership for individuals and families in financially vulnerable situations. Our model is one of partnership, where families become part of their own housing solution by building and purchasing their own homes. Habitat Homes are: • Constructed using donated funds, materials and labour • Sold to partner families with a no-downpayment, interest-free mortgage • Financed with payments set at 30% or less • Helping additional families as mortgage payments are reinvested into more affordable housing
BUILD
BUY
Home buyers build homes with donated materials & labour
Home buyers purchase homes with favourable financing terms
HOME OWNER SELECTION TRAINING & SUPPORT
REINVEST All mortgage payments are reinvested back into the program
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
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HOW THE HABITAT MODEL WORKS
How the Habitat Model Works: 1. We identify and work with lower-income family partners who would not be eligible to qualify for a traditional mortgage. 2. Through individual, community, and corporate donations of money, materials and labour, we work with these families to build their home. 3. We sell the home at market value as determined by an independent third party. There is no down-payment and the mortgage is interest-free. 4. Mortgage payments are based on family income rather than property value and are reviewed annually. Monthly payments are capped at no more than 30 percent of the families’ gross household income. 5. Mortgages are held by Habitat until the mortgage is paid off. Mortgage payments are reinvested back into building homes for new families which makes Habitat a selfsustaining, permanent, and tangible solution for affordable housing.
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ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
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PARTNER FAMILIES
We’re all about giving a hand up, not a hand out.
Family Selection Criteria Families must meet three basic criteria to be considered eligible for selection: 1. Need for affordable housing – the family must be living in inadequate rental housing which is too expensive, too small, unsafe, or substandard; 2. Ability to repay a Habitat mortgage – requires that the family has a stable income sufficient to cover the monthly mortgage payments and other expenses that come with home ownership; overall family income must fall between pre-determined minimums and maximums based on family size; and 3. Willingness to partner with Habitat – families receive the keys to their home once they have performed 500 hours of sweat equity. This is a mandatory requirement which serves to build self-esteem, pride of ownership, and a feeling of community. How Partner Families are Chosen Each family is required to complete a detailed application form, which is then reviewed by our Family Selection Committee, a staff-supported group of volunteers who represent all aspects of society. Their backgrounds can include healthcare, education and social services so they bring knowledge of the various challenges faced by families in lower-income situations. Committee members interview the family in their home and communicate with the landlord and employers. References provided by the family are checked and family finances and credit ratings are carefully reviewed. Once selected, an agreement is signed and the family is required to volunteer 500 hours of sweat equity before they are eligible to purchase their home.
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ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
We offer many ways to complete the sweat equity hours including helping in the ReStore, assisting in fundraising efforts, labouring on someone else’s home and, of course, working on their own home. Families are required to attend workshops to help them learn about the responsibilities of home ownership. The program covers topics such as setting goals, budgeting, use of credit, problem solving and how to be part of a strata. It is designed to prepare the family for the financial, property and community responsibilities that come with owning a home. How the Habitat Program Benefits Partner Families and the Larger Community • Over time, a families' equity in their home increases. Habitat families can often see an improvement in their financial situation since the percentage of their income being spent on housing remains around 25-30 percent. Prior to purchasing a Habitat home many of these families spend over 50-70 percent of their income on rent. • A safe, healthy living environment contributes to the positive growth and development of the family. There are many examples of Habitat families becoming healthier, completing further post-secondary education and establishing successful careers. • Communities benefit as former renters become homeowners who contribute to the tax base. Habitat projects also offer an opportunity for community members, of all walks of life, to come together and work side by side in a meaningful way. • Pride of ownership leads to a renewed sense of confidence, and along with their stable, long-term housing arrangement, they become long-term contributors to the community and the local economy.
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
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ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
VOLUNTEERS Volunteers are the reason that Habitat for Humanity can deliver on its mission.
It has been said that volunteers are the heart and soul of Habitat for Humanity. Build Site Construction In 2010, over 800 volunteers from all walks of life provided over 10,000 volunteer hours. They joined together for the single purpose of providing safe, decent and affordable housing for lower-income working families. Our volunteers provide the majority of the labour for the overall construction of each home. Although we use professionals for some aspects of building, we are fortunate that many trades donate their services. It isn’t just individual volunteers that make a difference; corporate groups volunteer at the Burnaby site every week of the year. Our Corporate Site days are a great way to spend time with co-workers or clients while at the same time contributing to the community. Board of Directors and Committees Our Board of Directors volunteer their expertise and time to provide strategic direction to the organization. There are also several committees such as Family Selection and Family Partnering, which bring a range of skills, life experiences and vision to successful help Habitat Partner Families. ReStore The ReStore volunteers give their time from Monday to Saturday and contributed more than 6,000 in 2010 working in all aspects of a retail environment including customer service, materials recieving, and cashier . Through their hard work and dedication, ReStore revenue increased by almost 10 percent in 2010. Office Office volunteers spent 150 hours in 2010 assisting with data entry, filing, photocopying, and recycling. In addition, two interns sent several weeks assisting us. To honour all our volunteers we held our annual Volunteer Appreciation BBQ at the Vancouver ReStore in August. We truly appreciate everyone’s efforts and hard work throughout 2010.
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
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REStore Save money. Protect the environment. Help families in need.
ReStore revenues finance our administrative costs and contribute much-needed support to our building program. Every time a customer makes a purchase from either of our ReStores, they are assisting us in building Habitat homes. Customers from all walks of life – contractors, builders, designers, home owners and fixer-uppers – come to our store and find great deals every day. Our regular customers can attest that there is something new to discover on a daily basis. The ReStores sell quality new and used building supplies, appliances, and assorted home dÊcor items at a fraction of retail cost. Items are donated by local retailers, manufacturers, home owners and movie productions. We are very appreciative of these donations and the support we receive from our community. Donating to and shopping at the ReStores helps Habitat for Humanity build safe, decent, affordable homes for working families in our community, while diverting tonnes of material from entering the landfill. Habitat for Humanity Greater Vancouver operates two ReStores. The original store at 2475 Douglas Road in Burnaby, and a 20,000 square foot site, located at 69 West 69th Ave in Vancouver.
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ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
INTERNATIONAL WORK - “GLOBAL VILLAGE� Helping families around the world
As part of our commitment to developing countries, we contribute a portion of the donations we receive to assist the building of housing internationally. In 2010, we contributed $6,000 to this program. In addition, we encourage and assist local groups and individuals to participate in the Canadian Global Village program which sends teams abroad to volunteer to build Habitat housing around the globe.
Jane Agg (second from left) one of our long time Vancouver ReStore volunteers, in Honduras!
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
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ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
SPONSORS & DONORS
100% of donations go towards building homes. We receive generous support from local and national companies, organizations, community groups and individuals. Thanks to everyone who supports Habitat for Humanity, lower-income families become homeowners, and children are better prepared to realize their potential in a safe, decent and stable home. Without the help of our generous supporters, we would not be able to continue our vital work. We extend our sincere gratitude to them and invite you to join in partnering with Habitat for Humanity to create affordable housing in Greater Vancouver. In 2010, a diverse range of individuals, organizations and corporations continued to contribute to raise money for Habitat for Humanity Greater Vancouver through third-party events such as golf tournaments, holiday parties, industry sales and shopping events. Our online fundraising tool makes it easy for our supporters to create a fundraising page and collect donations on behalf of Habitat for Humanity Greater Vancouver. Whether you fundraise on your own, with a community group or as part of a corporate event, every little bit helps and we greatly appreciate your contribution and support. With sales from the ReStores covering our operations, every single dollar you fundraise goes directly towards building homes for families. This ensures that when you invest in Habitat, you are investing in a permanent, long-term solution to affordable housing.
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
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SPONSORS & DONORS Lead Sponsors BC Housing The Home Depot Canada Delta Hotels & Resorts The Real Estate Foundation of BC Rio Tinto Alcan Major Sponsors BC Hydro Citi Financial eBay Foundation Investors Group Canada Mortgage and Housing Corporation Sponsors ACM Advisors Ltd. Barrick Gold Best Buy Canada Bosa Development Corporation Commonwealth Insurance CSA International Easy Care Restoration Ltd FCT Insurance Company Ltd. First Canadian Title Fluor Canada Ltd Genworth Financial Global Collective Design Goldcorp Inc. Great-West Life Assurance Company GUESS Canada Corporation Herman Miller
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Ideaca Knowledge Services Investors Group Financial Services Inc Jazz Air LP JP Morgan Chase Mackenzie Financial Nissan Canada NYK Logistics Omni Corporation SAP Business Objects TD Canada Trust TELUS Teekay Corporation Vancity Regional Grants Committee Wells Fargo Financial Corporation Westminster Savings Credit Union
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
SPONSORS & DONORS Supporters + Gift In Kind All Weather Windows Armtec B.A. Robinson Co. Ltd. BC Plumbing Supplies Best Coast Real Estate Inc. C.R. Laurence Co. of Canada Canadian Institute of Plumbing & Heating Canadian Office & Prof. Emplyees Union - Local 378 Cascade Aqua Tec Colliers International Deloitte & Touche Eaton Corporation Frank & Yvonne McCracken Foundation GSW Water Heating Home Idol Building Supplies Homelife Benchmark Realty Cloverdale HSBC Canada HYDRECS Fund IBEW Local Union 213 International Facility Management Association IPEX Inc. Lafarge Canada Inc. Leviton Canada
Mainland Sand & Gravel Ltd. Maple Leaf Disposal Ltd. New Life Community Church Owens Corning Peterson Investment Group Inc. Radec Group RBC Foundation Robert L. Conconi Foundation Roofing Contractors Association of BC RR Donnelley Sawarne Lumber Company Ltd. Schneider Electric Canada Sheet Metal Workers' Local Union No. 280 Standard Building Supplies The Dow Chemical Company Value Property Group Ventana Construction Corporation Whirlpool Canada Wolseley
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
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FINANCIAL SUMMARY HABITAT’S REVENUES $3,000,000
$2,500,000
Sale of constructed properties
$2,000,000
ReStore Revenue $1,500,000
Interest $1,000,000
Contributions, Grants and Donations
$500,000
$0 2010
2009
HABITAT’S EXPENDITURES $2,500,000
$2,000,000 Cost of Constructed Prperties Sold
$1,500,000
Administration Fundraising Expenses and Depreciation
$1,000,000
ReStore Operations $500,000
$0 2010
HABITAT’S ASSETS $4,000,000.00 $3,500,000.00 $3,000,000.00
Mortgages Receivable
$2,500,000.00 Equipment $2,000,000.00 $1,500,000.00
Property under Construction
$1,000,000.00
Cash and Term Depostis
$500,000.00 $0.00 2010
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2009
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
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FINANCIAL HIGHLIGHTS ($)
2010
2009
Contributions, Grants and Donations Proceeds Fund Raising Expenses
$
Net Contributions, Grants and Donations
345,601 (13,374)
$
332,227
623,157 (11,453)
611,704
ReStore Operations ReStore Revenue ReStore Operating Expenses
$ 1,290,341
Net ReStore Operations
(951,116)
1,174,634 (774,060)
339,225
400,574
$
Constructed Properties Sale Proceeds Cost of Constructed Properties Mortgage Interest
$
Net Proceeds from Constructed Properties
0 0 0
$
0
552,928 (867,973) 0
(315,045)
General Administration Expenses Administration Depreciation
$
Total General and Adminstrative Expenses
(21,174)
(412,134) (22,446)
(336,676)
(434,580)
(315,502)
$
Interest Revenue
$
167,639
$
95,277
Excess of Revenues over Expenditures
$
502,415
$
357,930
Note (1) In 2009 four units were sold, in 2010 5 units were under construction and not yet sold.
ANNUAL REPORT 2010 | Habitat for Humanity Greater Vancouver
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PO Box 60577 Vancouver, BC V6H 4B9 Phone: 604-681-5618 Fax: 604-326-0122 info@vancouverhabitat.bc.ca www.vancouverhabitat.bc.ca Facebook: www.facebook.com/hfhvancouver Twitter: www.twitter.com/hfhgv_ReStore Flickr: www.flickr.com/photos/hfhgv/
VANCOUVER RESTORE 69 West 69th Avenue Vancouver, BC V5X 2W6 Phone: 604-326-3055 BURNABY RESTORE 2475 Douglas Road Burnaby, BC V5C 5A9 Phone: 604-293-1898 info@vancouverrestores.ca www.vancouverrestores.ca