Community Housing Innovation by Debbie Catalano

Community Housing Innovations, Inc.

2011-2012 Annual Report

Bringing Families Home For Over 21 Years

COMMUNITY HOUSING INNOVATIONS, INC. provides the housing and human services that enable low and moderate income families and individuals to achieve the greatest social and economic independence at the lowest cost to society.

2011-2012 ANNUAL REPORT Emergency Housing..................................................2 Rental Assistance.......................................................3 Permanent Housing ..................................................6 Neighborhood Stabilization ....................................8 Financials...................................................................10 Executive Staff, Board of Directors and Community Boards ................................................12 Funding ......................................................................13 CHI Offices ............................................ Back Cover

Message from the Executive Director

011-2012 was a year of continued growth for Community Housing Innovations, Inc. When we founded CHI in 1991, the nation was in deep recession and homelessness was still a new phenomenon on the rise. Today, as the Great Recession is slowly ending, we again face rising homelessness, as families who lost their homes to foreclosure now compete for an inadequate supply of affordable housing for poor renters. This imbalance, exemplified in the chart below, belies a failure of public policy and explains why CHIâ&#x20AC;&#x2122;s role has continued to grow as the largest provider of emergency housing on Long Island and second largest in Westchester County. In 1970 there was actually a surplus of affordable housing for poor renters, while today the shortage has reached over 5.5 million units, defined as affordable to a family of three at the poverty level (households earning under $18,310 per year adjusted for todayâ&#x20AC;&#x2122;s dollars). The data comes from an analysis of the HUD Housing Affordability Data System by the Institute for Children, Poverty and Homelessness. The ICPH points out that in the absence of affordable apartments, homeless shelters have become de facto affordable housing, with tragic consequences. The number of homeless families has increased this year in all of the counties we serve, forcing the establishment of homeless shelters in incongruous places such as Hidden Cove, a former resort motel on the water in Southampton, Long Island (see page 4 ). With 200 employees and a budget of nearly $20 million, CHI provides safe, secure, housing and as normal a life as possible to families and individuals in crisis in the five counties that depend on us. While CHI is proud of its 21-year commitment to meet the burgeoning needs of homeless individuals, we also take seriously our obligation to advocate for permanent solutions. We remain committed to the New York State Constitution, as enunciated in the 1975 Berenson v. New Castle case and its antecedents, requiring each municipality to provide affordable multifamily housing not only to meet the need of its own citizens, but a share of the regional need, as well. We also support the federal Fair Housing Act to prevent discrimination and promote equal opportunity. The failure of New York State and its counties to challenge exclusionary zoning is preventing the free market from satisfying the demand for rental housing and contributes to homelessness among the working poor. As taxpayers, we all pay for the consequences. These pages describe CHIâ&#x20AC;&#x2122;s important work in allowing families facing foreclosure to keep their homes, as well as allowing nearly 500 families to achieve the dream of homeownership through quality counseling and down payment assistance. I and all CHI employees remain indebted to our Board of Directors for its unwavering support and direction that has enabled us to assist thousands of people each year.

Alexander H. Roberts- Executive Director

EMERGENCY HOUSING: A Safe Haven When There’s Nowhere Else to Turn 2.

For 21 years, CHI has provided homeless New Yorkers with emergency shelter. With tough economic times, CHI has continued to offer a helping hand to put lives back on track.

othing can be more devastating than having no home. Yet every night, more than one thousand people – many of them children – turn to Community Housing Innovations for shelter. They’ve used up their options: most are unemployed, trying to survive in one of the most expensive parts of the country. From the beginning, CHI has forged partnerships with local governments to provide cost-effective services that meet changing community needs. Operating in Westchester, Nassau, Suffolk, Orange, and Dutchess counties, today CHI is the largest provider of emergency housing on Long Island and the second largest in Westchester. Though each CHI emergency shelter varies according to local needs and available housing resources, they all provide 24/7 supervision, case management, and linkage to community resources in order to help those who are homeless move on to permanent housing and build a future. Local neighbors, churches and businesses support the shelters and the local families residing in them through donations and special holiday events.

Meeting Local Needs with Approaches that Work Because CHI’s Scattered Site Emergency Housing Apartment Program (EHAP) can expand or contract in response to community need, in 2011 Westchester County was able to turn to CHI as homelessness in the county soared 25%. CHI expanded in response to the crisis, serving 35% more people. In Dutchess County, the Rose Street shelter marked its fifth anniversary and the Vanderbilt shelter its tenth year in operation. Both have been praised by local regulatory agencies for their safety and effectiveness. At the Vanderbilt site, nearly 1600 people, mostly families, have found the help they need, and more than 60% successfully moved to permanent housing. In Orange County, CHI operates a motel-based emergency shelter singled out by social service agencies for its effectiveness. Primarily housing families, this program served 588 people last year, half of whom were children, and helped the majority on to permanent housing. On Long Island, CHI provides emergency housing through a unique model, “Supervised Family Residences” ( SFRs). SFRs house up to nine families each, living under the supervision of a case manager. Families are able to give each other peer support and encouragement, and everyone benefits from the home-like atmosphere. CHI operates 16 SFRSs in Nassau and Suffolk counties, last year housing 437 families, including 889 children. The newest SFR, Hidden Cove, was opened in Hampton Bays in 2011. (See page 4) CHI also provides emergency housing to single adults in a Supervised Singles Residence (SSR) using the same model.

CHI partners with Bright Spaces® to make engaging play areas

Helping Working Families Avoid Homelessness With federal cuts to Section 8 subsidies coupled with increased need as the economy continues to suffer, CHI’s Rental Assistance Program (RAP) is one of the few options for working families who simply can’t pay Westchester’s high rents. Families who earn 124%-200% of federal poverty guidelines are eligible. They pay 35% of their income toward rent, and RAP makes up the rest. Operating since 2001, RAP has proven that a small subsidy can be a cost-effective and compassionate way to keep families off welfare and in stable communities, not in emergency shelters or doubled up with relatives. Last year, RAP worked with 26 families – the average grant was $700 per month – and 16 single individuals saving them from a downward spiral of homelessness. In 2010, CHI distributed $375,000 in rental assistance through RAP. Since the program began, 146 families and 27 singles have been assisted. Singles are often disabled, cannot work and are receiving only $755 a month to pay for everything they need, including housing. They would be unable to maintain housing without the subsidy. The life-saving program has virtually no turnover to accept new applicants.

arried since 1980, the Walters felt they were living the American dream. Happily settled first in Brooklyn and then in Westchester, Finley Walters took down a six figure salary until a triple by-pass forced him to retire at 57 in 2004. Emma, a nursing home administrator, stayed home to care for him. The Great Recession brought foreclosure, bankruptcy, and the sale of their home and nearly all of their possessions. With no pension, they were living on a Social Security disability check that left them less than $1,000 a month after paying the rent on the 545-square foot apartment they share with their beloved cocker spaniel, Cinderella. Their rent consumed so much of their income that they often had to go without medications and other necessities. It was an untenable situation for two proud people who had always given to others and never asked for help. “I started to scour the Internet looking for resources and I found CHI’s Rental Assistance Program. You know, when you think you’re alone, it’s really tough, but once you realize that others are in your position and there are places to go for help, your perspective changes and it gets easier. We’ve had a tough time and lost a lot, but so have many people. Without the monthly check we get from RAP we’d worry all the time. Now, we feel we can breathe.”

RENTAL ASSISTANCE: One Solution

Emma and Finley Walters, Rental Assistance Program

Melissa Gonzalez, Emergency Housing & Rental Assistance Program

orn and raised in the Bronx, Ms. Gonzalez moved upstate when she was 15. It was quite an adjustment, and Ms. Gonzalez, now 28, admits she was a rebellious teen. A high school drop-out at 16, she got her GED and always worked. She was renting a room in the Bronx when, pregnant, she had to move in with a cousin. Determined to be on her own, Ms. Gonzalez went to a shelter with her baby, and was chosen for a CHI Emergency Housing apartment in Yonkers. To get a better job, she enrolled in the Education Opportunity Center for a certificate in medical billing. Her new job enabled her to qualify for the Rental Assistance Program (RAP), Westchester County’s housing subsidy for low-income working families administered by CHI. This March, Ms. Gonzalez and Genesis, now 2, moved to an apartment in Yonkers, with floor to ceiling windows overlooking the Hudson. Only two rooms are furnished – the kitchen and Genesis’ room -- but Ms. Gonzalez is already figuring out how she can go back to school at night and get her accounting degree. “It’s tough to be a single mom. When I started working, I gave up so many benefits that made life financially easier, but I want to take care of myself and my daughter. My time at CHI Emergency Housing and now in the Rental Assistance Program is giving me just enough help so I can build a better life for us both.”

“Yes In My Backyard”: Hidden Cove, CHI’s Newest Family Emergency Residence At Suffolk County’s request, CHI opened Hidden Cove in October 2011. Formerly a motel, the site now serves as emergency housing for 28 families. The only shelter in the entire town of Southampton, Hidden Cove is a haven for the county’s families, helping them connect with local services and move on to permanent housing. Like many emergency shelters, Hidden Cove initially provoked some negative reactions from neighbors unsure of what to expect. That all changed dramatically when Newsday ran a moving story about one of Hidden Cove’s families, the Burgesses, an Iraq War veteran and his wife with a special needs child. There was an outpouring of support for all of Hidden Cove’s families that has continued to grow. A Girl Scout troop comes weekly for craft projects with the kids, a local realtor helps families find permanent housing, a high school class raised funds to provide sporting equipment, and countless individuals have donated clothing, personal care items, baby supplies, and even luggage for families moving out. In the year since it started, Hidden Cove has become a valued part of the community.

Giving People the Skills to Move on to Better Lives Helping people overcome the obstacles that have contributed to their being homeless is at the core of every CHI emergency residence. Since nearly half of adults in emergency housing lack a high school diploma, the Supervised Family Residence (SFR) program began a successful in-house tutoring initiative for parents working towards a GED. Case Managers also work closely with residents to link them to community services, such as job training and health care. The goal: when a family moves to permanent housing, they will be able to stay there.

Theresa Simpson, Moving Up Program

ow in her 50s, Theresa Simpson knows how tough life can be, but she also is a fighter who won’t give up. Born and raised on Long Island where she graduated from high school, married and divorced, bought a home, and had three children, Theresa found herself in emergency housing two years ago. She’d moved to Virginia to be near family, but came back north when relatives, hit by the recession, moved away. At first she lived with a cousin, but had to move to a shelter. When she was placed in a CHI Supervised Family Residence things started to change. She found a job as a home health aide, CHI helped her find a permanent apartment, and her son Deon, now 14, began to excel in school. For the past year, she’s been part of Moving Up, a CHI program which provides a monthly rent subsidy so recipients can afford permanent housing. “CHI treated me with respect and they always went to bat for me. I’ve saved and now have a real cushion for an emergency. And you know those emergencies come! But this time, I’ll be prepared and I won’t end up in a shelter again. The best part is Deon is doing great. He wants to be a doctor and I think he can make it.”

Tanya Haynes, Supervised Family Residence

anya Haynes has always been able to take care of herself and those she loves. The oldest child in a family plagued by drugs and alcohol abuse, it was Tanya who was in charge of her siblings. It was no accident that she spent ten years managing a busy New York MacDonald’s. Even having her son Jamal, now 5, didn’t prevent her from holding a demanding supervisory job at Whole Foods. But Tanya had to quit because she couldn’t find trustworthy childcare for her son. When lead in her Bronx apartment proved unsafe for Jamal, Tanya moved to her aunt’s retirement community. Because it had a no-child policy, they couldn’t stay. With no more resources, the small family came to Hidden Cove, CHI’s newest Supervised Family Residence. Hard as it was to be homeless, Tanya felt she could catch her breath in a place where “people really cared.” With CHI’s help, Tanya and Jamal were able to find an apartment in Patchogue where Jamal can get the special education classes his ADHD requires. Tanya hopes to find a new job, and is confident of the future. “It was rough not to know what would happen to us, and there were many nights I was really scared of the future. The social workers were so wonderful to us that I was finally able to believe that we would have a future someday. They cared and they believed in me. Someday, I want to be able to give some of the love and caring back.” 5.

By developing more than 400 units of affordable rental housing – 240 in Westchester, 150 on Long Island – CHI ensures that working class families can live in stable, safe neighborhoods.

PERMANENT HOUSING: Making the Dream a Reality

ven in good economic times, living in Westchester and Long Island is difficult as housing has become increasingly expensive with few low-cost options. Just to meet fair market rents, a family of four with a two-bedroom apartment needs an income of $63,200 a year in Westchester, and $67,300 on Long Island. To ensure that there would be housing that low-income, working families could afford – and the homeless cycle would not even begin -- CHI early on began to buy and renovate properties that could be used for permanent housing. Working with local, state, and federal grants, plus low-interest bank loans, CHI has been able to develop a large portfolio of housing that it owns, manages and rents out to qualified, low-income working families. This means that families can count on staying in the home they love, and their children won’t have to adjust to constant moves that can disrupt even the most stable family. It’s a strategy that works: 85% of the residents of CHI permanent housing on Long Island have been there for at least seven years. Single individuals are also housed.

Helping the Most Vulnerable Live Independently Look in any emergency shelter and you’ll find a significant percentage of the people there have special needs or have a family member who does. Experience has shown that without help these vulnerable individuals cycle in and out of shelters. CHI has been able to break that tragic pattern. Using $ 18.6 million in grants from the US Department of Housing and Urban Development (HUD) to provide permanent housing for special needs populations, including the mentally ill, victims of domestic violence, and those recovering from substance abuse, CHI is the largest HUD Supportive Housing Program on Long Island. This year, CHI was selected by the Town of Islip and United Way to receive a $1 million grant from the Housing Opportunities for People with AIDS (HOPWA) program to purchase two homes that will be renovated and made available to low income persons who are living with or have tested positive for HIV/AIDS. In all its supportive housing programs, CHI and partners in local agencies strive to provide the range of case management and support services for residents that allow them to successfully lead independent lives in the community.

Making First-Time Homeownership Possible An important part of CHI’s commitment to helping New Yorkers achieve permanent housing is its Renters into Owners Program. Launched in 1997 with state grants and bank support, the program last year provided $1,158,000 in down payment assistance and rehabilitation grants – an average of $25,000 per grant with some households receiving more than one grant. Thirty-six qualified, low-income working families in Long Island and Westchester received assistance from CHI to purchase their first homes.

Having a down payment doesn’t always guarantee that a family is making a wise purchase, so CHI provides a mandatory eight-hour, HUD-approved course for all grant recipients that includes a classroom component as well as one-on-one counseling. A basic how-to of home purchase, it covers everything from what to look for in a home inspection to budgeting for mortgage payments. In 2011, 147 first-time home buyers took this education series, and CHI worked with 200 clients individually to help them better understand the home-buying process. With a default rate of less than 1%, CHI’s homebuyers are proving that education works. The First Home Club, launched in 2012, is another CHI first-time home buyers program aimed at helping qualified novice buyers reach their dream of homeownership. This program, financed by the Federal Home Loan Bank of New York, provides grant funds from participating banks in a $4 to $1 match to the special savings account the prospective buyer creates for a down payment. CHI gives counseling and education to ensure that these first-time homebuyers have a successful home ownership experience.

Minerva Place In order to provide affordable housing in Westchester County for working families, CHI began developing Minerva Place in 2007. A 14-unit condominium in downtown White Plains, Minerva Place was built with state-of-the-art energy technology. It is the first local building to use geothermal heat pumps for heating and cooling. Minerva Place is now home to individuals and families who work in Westchester. Owners include teachers, police, firefighters, and healthcare workers.

Melissa Brown, Down Payment Assistance Program

he Browns loved their rented home in Manorville, a quiet, rural town in Suffolk’s Pine Barrens. It was a two bedroom ranch with a large fenced-in yard for the girls, a swing set, and room for Ms. Brown’s annual vegetable garden. The school bus stopped in front every morning. But the best part was the neighbors – Ms. Brown’s grandfather across the street and her mom and uncle each just blocks away. Family support is vital for the Browns: Ms. Brown’s is a full-time collection division manager, and her husband Joseph, a former truck driver, has been disabled since 2005. So when the owner died and the house was put up for sale, Ms. Brown’s acted fast. She knew it would take a miracle to buy the house they loved, but a hard-earned miracle happened. Thanks to a series of grants the family received --- including a critical $25,000 Down Payment Assistance grant from CHI – the Browns were able to get a 30-year, fixed rate mortgage to purchase the home. They now pay less per month than their previous rental cost– and the whole family is thrilled. “I can see us spending the rest of our lives here, and I honestly never thought it would work out. We were able to use the CHI grant to do repairs on the house like new floors and electrical work. We even updated the kitchen. This place is where we belong.” 7.

NEIGHBORHOOD STABILIZATION: Keeping Communities Strong and Vibrant 8.

Thousands of New Yorkers continue to live under the threat of foreclosure. CHI is committed to keeping neighborhoods safe and vital, and helping families remain in their homes.

HI operates in counties with among the highest foreclosure rates in New York State. Despite federal and state programs to help homeowners renegotiate mortgages they cannot afford, the procedures remain cumbersome and difficult to navigate.

Preventing Foreclosures To help people save their homes, CHI started its Foreclosure Prevention Program in 2009. As a HUD-approved housing counseling agency, CHI offers free one-onone and group foreclosure prevention counseling to nearly one thousand home owners saddled with mortgages that range from $400,000 to $4 million. Last year, the program had an active caseload of nearly 200 clients, and successfully obtained 60 mortgage modifications. In the last three years, 200 families have received loan modifications, allowing them to stay in their homes.

A CHI Fast TrackTM event with Bank of America in White Plains brought free assistance to over 50 homeowners in October 2012.

Recognizing there was a tremendous bottleneck of applicants waiting to get the mortgage modifications that would enable them to remain in their homes, CHI started an innovative program called CHI Fast TrackTM in 2010. Fast Track TM brings together applicants with their bankers for private, one hour interviews.

Applicants meet with CHI beforehand to ensure all their paperwork is in order so that loan officers can make on-the-spot decisions. The successful program continued in 2011. CHI held two Fast TrackTM events, with Wells Fargo and Chase Bank, resulting in successful mortgage modification agreements.

Commitment to Building Maintenance Guarantees Stable Neighborhoods As a significant property owner in the communities in which it operates, CHI is committed to maintain and improve its buildings. It’s a strategy that not only benefits individual tenants, but helps the entire community. As a local Community Housing Development Organization (CHDO), CHI has accessed federal HOME funds and used them to maintain the affordable workforce housing it owns. In 2011, CHI saw the completion of over $1 million in upgrades to three of its multi-family buildings in Mt. Vernon, Westchester County. Together, they house 116 households. Grants from the City of Mt. Vernon HOME program, the New York State Energy Research and Development Authority (NYSERDA), the Westchester Lead Safe Program, and the Westchester Weatherization Assistance Program have enabled CHI to upgrade its buildings, putting in place energy-saving measures that will have long-term economic and environmental benefits. An additional grant from New York State’s Homeless Housing and Assistance Program (HHAP) will allow CHI to renovate its River House men’s shelter in Riverhead, Long Island. Improvements will make it more comfortable and energy efficient.

The Negotiated Auction TM – A New Tool for Homeownership Nothing blights a neighborhood more than an unoccupied house. Despite a bank’s good intentions, these foreclosed homes can quickly deteriorate and depress local property values. At the same time, there are qualified families looking to buy. The problem is that in bank auctions only speculators typically bid because there is little information available about the homes and the banks require a non-refundable 10% deposit and a 30 day closing without mortgage contingency. The Negotiated Auction TM combines the fairness and speed of an auction with the buyer protections of a negotiated sale. CHI purchases bank foreclosed properties at a discount, rehabs them, and then sells them to moderate income buyers. The homeowners bid on the property in an auction-like setting, but the winning bidder gets 10 days to sign a contract or back out without penalty. If they want to buy, they have 30-45 days to get a bank commitment. Shown above is a home in East Rockaway purchased, renovated and sold by CHI under the Negotiated AuctionTM in October 2012. CHI designed the program as a national model which, by expanding the market of interested buyers, could help clear the glut of foreclosed homes.

Verna Vanonni, Foreclosure Prevention Program

eople rarely move out of Verna Vanonni’s West Harrison neighborhood. Now in her forties, Verna is the fifth-generation in her family to live there, and her kids went to school with the children of her childhood friends. So when a devastating series of crises hit her – a difficult divorce, a ruinous balloon mortgage on the new home she bought, a dramatic drop in income when she quit her job as an interpreter for the deaf to care for her terminally ill father -- she was determined to stay in the place she loved. It was beginning to look impossible, until she found out about CHI and contacted their Foreclosure Prevention Program for help. “I couldn’t believe it. Within a month, Peter [Spino, Esq], CHI’s Senior Manager of Foreclosure Counseling, had worked out a mortgage modification agreement with my bank. I’d spent months trying to do that and every time I thought we were finished, the bank would sell my loan and I’d be back to square one. I’m meeting my mortgage payments, and I’m back in control. I’ve learned that no matter how low things get, you can’t give up. I know I was meant to stay in this house and, thanks to CHI, I was able to do it.”

Consolidating Statement of Financial Position â&#x20AC;˘ December 31, 2011 10.

ASSETS Current Assets Cash and cash equivalents Certificate of deposit Accounts receivable and accrued revenues, net of allowance $19,850 Due from consolidated organizations Prepaid expenses Property held for resale Other current assets

CHI Not-for-Profit Entity-Total Entity Total $

Total Current Assets Noncurrent Assets Security deposits and other assets Deferred fees Restricted deposits and reserves Property and equipment, net Investments in partnership, at cost T t l Noncurrent Total N t Assets A t

LIABILITIES AND NET ASSETS Current Liabilities Accounts payable and accrued expenses Deposits payable Due to consolidated organizations Revolving grant payable Current portion of notes payable Current portion of bonds payable Current portion of mortgages payable Total Current Liabilities Noncurrent Liabilities Grants payable Notes payable Line of credit y Bond payable Mortgages payable Deferred revenue and other liabilities

1,076,413 177,044 3,089,909 1,324,617 78,672 1,226,880 77 936 77,936

CHI For-Profit Subsidiaries $

372,387 13,832 935,280 -

CHI Realty Division $

CHI Consolidated Totals

Eliminations

99,840 -

(1,424,457) -

1,448,800 177,044 3,103,741 78,672 2,162,160 77 936 77,936

7,051,471

1,321,499

99,840

(1,424,457)

7,048,353

260,913 171,405 21,994,749 623,582

54,855 5,335 151,952 1,283,845 -

(623,582)

315,768 176,740 151,952 23,278,594 -

(623 582) (623,582)

23 923 054 23,923,054

$ 30,102,120

23 050 649 23,050,649 $

2,817,486

99,840

(2,048,039)

$ 30,971,407

36,067 54,631 1,424,457 7 505 7,505 19,042

(1,424,457) -

2,066,009 235,937 1,426,031 41 615 41,615 155,000 243,625

1 495 987 1,495,987

2,102,076 290,568 1,426,031 49 120 49,120 155,000 262,667

4,168,217

1,541,702

9,745,924 244,280 943,581 3,585,000 6,053,162 -

847,348 -

9,745,924 244,280 943,581 3,585,000 6,900,510 -

Total Noncurrent Liabilities

20,571,947

847,348

21,419,295

Total Liabilities

24,740,164

2,389,050

(1,424,457)

25,704,757

5,080,100 281,856

428,436 -

99,840 -

(623,582) -

4,984,794 281,856

5,361,956

428,436

99,840

(623,582)

5,266,650

(2,048,039)

$ 30,971,407

Net Assets (Deficiency) Unrestricted Temporarily Restricted Total Net Assets

$ 30,102,120

2,817,486

99,840

(1,424,457)

4,285,462

Not-for-Profit Entity-Total

$ 3,625,378 10,312,201 2,951,752 110,143 49,267 117,349 3,384 19,096 629,282 69,612 233,345 71,289 234,090

Net assets released from restrictions Total Support and Revenue Expenses Program Services County funded Permanent housing Home grant programs Other programs Total Program Services Supporting Services Management and general Total Expenses Change in Net Assets Before Other Changes Other Changes Capital assets released from regulatory lien Change in North Kensico investment Donation of interest in Kensico Limited Partnership Total Other Changes Change in Unrestricted Net Assets (Deficiency) Unrestricted Net Assets (Deficiency) Beginning of year End of year

592,189 (21,463) (80,000) 2,353 12,341

Realty Division

Eliminations

51,364 31,384

(110,143) -

Consolidated Totals

$ 4,217,567 10,312,201 2,951,752 51,364 49,267 95,886 (80,000) 5,737 19,096 629,282 69,612 233,345 71,289 277,815

28,144

18,454,332

505,420

82,748

(110,143)

18,932,357

9,992,117 4,111,119 1,666,602 1,350,161

576,779

38,164

(110,143)

9,992,117 4,111,119 1,666,602 1,854,961

17,119,999

576,779

38,164

(110,143)

17,624,799

1,291,871 18,411,870

30,683 607,462

5,920 44,084

(110,143)

1,328,474 18,953,273

42,462

(102,042)

38,664

(20,916)

770,474 (97) 770,377

561,881 561,881

97 (561,881) (561,784)

770,474 770,474

812,839

459,839

38,664

(561,784)

749,558

(61,798)

4,235,236

$ 5,080,100

428,436

(31,403) $

99,840

(623,582)

$ 4,984,794

4,267,261

61,176

TEMPORARILY RESTRICTED NET ASSETS Contributions Net assets released from restrictions Change in temporarily restricted net assets Temporarily Restricted Net Assets Beginning of year End of year Change in Net Assets NET ASSETS (DEFICIENCY) Beginning of year End of year

260,000 (28,144)

231,856

50,000

281,856

$ 1,044,695

459,839

38,664

(561,784)

981,414

(31,403)

4,317,261 $ 5,361,956

428,436

61,176 $

99,840

(61,798)

4,285,236

(623,582)

$ 5,266,650

Consolidating Statement of Financial Position â&#x20AC;˘ December 31, 2011

UNRESTRICTED NET ASSETS Support and Revenue Rental income Scattered site housing Revenue from government contracts Management and social service fees In-kind HUD supportive services revenue Gain (loss) on sale of property held for resale Decrease in value of property held for resale Interest Special events, net of expenses of $42,025 Contributions Other grants Development fee income Gain on disposal of property and equipment Other

For-Profit Subsidiaries

11.

Executive Staff Alexander H. Roberts Executive Director

Peter Spino, Esq. Senior Manager, Foreclosure Prevention Counseling

Jerome J. August Chief Financial Officer

Julie Stern Senior Manager, Homeownership

Beth Thomas Chief Program Officer

Juan Santana Senior Manager, Homeownership Counseling

Rosemary Dehlow LMSW, CASAC, Chief Program Officer, Long Island

Vivek Bassi Senior Manager, IT, Safety, Security & Risk Management

Debbie Perkins LMSW, Sr. Director, Hudson Valley Programs

Magdalena Rivera Senior Manager, Long Island Properties

Deborah Post Senior Director, Housing Development & Finance

Kim Livingston Senior Manager, Supportive Housing Programs

Christine Selario LMSW, MPS, Director, Long Island Emergency Housing

Scott Mendelson Senior Manager, Mid-Hudson Valley Programs Libby Hightower Executive Manager, Office Administration

Karen Anderson Director, Human Resources

Board of Directors Alexander H. Roberts President Steven C. Brill, Esq. Chairman of the Board Mary Brinson Secretary Gerry Feinberg, Esq. Sharlett Fraley Jeremy N. Ingpen

Community Boards

12. 12.

MT. VERNON Steven C. Brill, Esq. Chairman of the Board

YONKERS Steven C. Brill, Esq. Chairman of the Board

Alexander H. Roberts President

Gerry Feinberg, Esq. Vice Chairman

Michael F. Puntillo, Jr. Jackie Berkeley Anne Baptiste

Michael F. Puntillo, Jr. Yesenia Gell Vanessa Rojas

Funders & Donors Bank of America Charitable Foundation Benchmark Title Agency Birthday Wishes Catfish Annie’s Century 21, Lynn Doughty Citizens Bank Foundation Citi Community Development Community Development of Long Island Connie Baez Dutchess County Department of Social Services Jamie Rapfogel & Family Joe Shirley Sleep Shoppe Kismet Shrine Center M&T Charitable Foundation Medford Chemists Michael F. Puntillo Middle Island Fire Department – Ladies Auxiliary Nassau County Department of Social Services Nassau County Office of Intergovernmental Affairs National Grid Weatherization Program New York State Affordable Housing Corporation New York State Homes & Community Renewal New York State Office of Temporary & Disability Assistance Orange County Department of Social Services Pajama Program People’s United Community Foundation Richard H. Gladstone Roberta Davis & Family Rock Can Roll Saint John’s Evangelical Lutheran Church Suffolk County Department of Social Services Suffolk County Girl Scouts TD Charitable Foundation The Dornfeld Family Total Management Corporation Town of Islip Community Development Agency Toys for Tots United Way US Department of Housing & Urban Development Wells Fargo Foundation Westchester County Department of Planning Westchester County Department of Social Services Whole Foods

13.

CHI OFFICES CORPORATE HEADQUARTERS Westchester County 190 East Post Road Suite 401 White Plains, NY 10601 914-683-1010 Dutchess County 2 Linden Lane Hyde Park, NY 12538 845-229-9070 Nassau County 175 Fulton Ave. Suite 211B Hempstead, NY 11550 516-280-3243 Orange County 5180 Route 9W Newburgh, NY 12550 845-562-5093 Suffolk County 55 Medford Avenue Suite B Patchogue, NY 11772 631-475-6390 If youâ&#x20AC;&#x2122;d like to support our mission with a tax deductible contribution, You may contact us at 914-683-1010 x 284