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HOUSING INDUSTRY FOUNDATIONANNUAL REPORT
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2019
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TABLE OF CONTENTS
PROGRAMS
Emergency Housing Fund 6 Affordable Housing Initiative 8 Renovation Program 10
SPOTLIGHT
September Summit 12
THE NUMBERS
Financial Summary 14
GRATITUDE
Thanks to Our Generous Donors 16
HOUSING INDUSTRY FOUNDATION
2019
3 0 T H A N N I V E R S A R Y
A Message from the ED and Board President2019 was a year of both transition and taking stock, as well as rejuvenating HIF’s mission at a time when our programs are needed more than ever. This year brought changes to our board and staff, we created tremendous impact through our Homeless Prevention and Housing Programs and laid the groundwork for expanding our Renovation Program in 2020. HIF’s new Affordable Housing Initiative gained traction in 2019 as it became a new and innovative tool in our efforts to assist working families secure affordable housing. Last fall, our generous sponsors and guests set fundraising records and expanded our ability to make an impact in our communities as we celebrated HIF’s 30th Anniversary at our annual September Summit. This new level of energy and interest in HIF and our programs is, as it has always been, an opportunity for our industry to build and strengthen relationships while giving back to the community. It is also a recognition that the regional housing crisis impacts us all and that we can collectively work toward real solutions while we push back against a rising tide of cynicism that says there is nothing we can do.
We are excited about setting a course for HIF powered by 30 years of support from the multi-family apartment industry and new opportunities to expand our mission.
Steve SullivanExecutive DirectorThe Housing Industry Foundation
Jamie D’AlessandroBoard PresidentWindy Hill Property Ventures
“You just feel helpless, you feel like nobody will lend you a hand, you feel like you have no way out, like you’re suffocating and then you turn around and find a window with some fresh air. I am grateful [to HIF].”
6 7
Emergency Housing Fund
Monica's story is shared with thousands throughout our communities who are working and struggling to stay above water. Because of our amazing network of
donors and community agencies that we support, HIF is able to help moms like Monica keep their jobs and families moving forward over the bumps in the road before they become chasms of stress and challenges leading directly to homlessness:
"With a chest full of embar-rassment I am writing today because my family needs help. I recently took my sis-ter and her 3 kids under my very tiny wing as we live in a small 2 bedroom apartment in Milpitas."
She was in an abusive/alcoholic relationship in Orange County, had nowhere/no one to reach out to and was found homeless with her kids.
"Shortly after, I got sick and was in and out of the hospital for a couple weeks. Not having any sick pay accrued as an hourly employee and now I am behind on November rent & bills. My next incoming check will be around $1600 and my rent is $2100 monthly, and were already approaching December.
The Holidays are upon us, I feel so pressured/stressed and I just want for once to be able to give my family a happy Christmas. I am humble and hopeful if your organization can support my family to potentially finding an affordable home with more room. Thank you so much for considering us!"
Monica's Story
Program Spotlight 2019 Totals
Applications ReceivedApplications ApprovedGrants Households ServedAdultsDependents Average Grant
260161
$293,016175211156
$1,831
PROGRAMS
1
10
100
1000
10000
100000
1000000
Number ofGrants Dollars
Funded Number ofGrants Dollars
Funded2019
2018DOLLARS vs. GRANTSGRANT BREAKDOWN
Deposit:68%
Rent:32%
Total Funded: $293,016
Rod Standard: $103,488
HIF’s housing fund offers a bridge between crisis and stability for low income households threatened with homelessness after unforeseen and temporary financial setbacks (including job loss, medical bills or a death in the family). We work with agencies that provide initial screening and supportive services for applicants that utilize our emergency housing grants for sustained stability.
As HIF worked through a financial deficit and operations changes from 2018, the number of families served in this program was reduced. HIF worked to strengthen our finances and reset our staff and operations in 2019, thus allowing for expansion of this program in 2020.
$
0 10 20 30 40 50 60 70 80
Faced a natural disasterCould not afford rent increase
Victims of a cr imeDeath in the fami ly
Delay/cancellation of benefitsMoving from shelter
No-fault notice to vacateUnsuitable l iving conditions
Injury or illnessTemporary loss of employment
Faced unanticipted expensesWere homeless
Chart Title
2019 2018
CRISIS BREAKDOWN
Utilities: .3%
ABL PropertiesAvalonBay CommunitiesCasco Property MgmtEssex Property TrustFairfield ResidentialIECPacific Urban Residential PrometheusRaintree Partners Rutherford InvestmentSares-Regis
PARTICIPATING LANDLORDS
8 9
HIF expanded its reach by assisting working families secure affordable housing with a focus on teachers, nonprofit professionals and other community-based workers at 50-80% AMI (Average Median Income), saving an annualized $14,000 per family.
I am a single parent to my two sons, Ryan 13 and Vincent 12. I work full-time as an Admissions Services Representative at a local grade school and before finding HIF, I spent two years renting a room and sharing it with my sons. Frequently I would see posts on websites to "apply now", only to find that it was just a waitlist over 2 years long. Many properties and landlords also require for the monthly salary to be double the rent amount. Never mind other living expenses; just the expected income of
approximately $4,000 per month left me feeling hopeless. The pressure to find something else was building as our ‘temporary’ arrangement was running out. I eventually received a HIF information flyer, submitted an application and in a couple of weeks I got a message that I had been approved! I was at work, sitting in my cubicle and was so excited about the news that I screeched and startled all of my co-workers! A sense of peace and home continues to warm my heart daily. We have our home and were able to remain local to my work, the kid’s school, and all of their extracurricular activities. We also enjoyed hosting Thanksgiving for the first time where we got to gather with family in our home. We are forever thankful to HIF and the generosity of ABL Properties who have helped us to stand on our own with pride in a community that has been full of blessings since we first stepped foot on the property.
Expansion into 2020
PROGRAMS
Stan Jones of Institutional Property Advisors, and his son Harrison, partnered with HIF to launch this program with the support of area housing providers including Sequoia Equities, ABL Properties, Casco Property Management, AvalonBay Communities, Strom Properties, Raintree Partners, Essex Property Trust, Prometheus and Windy Hill Property Ventures. These companies have provided over $300,000 worth of in-kind donations, the program has reduced commute times for participating tenants and our tenants have realized savings of at least $1,200 per month, per household.
SARAH'S STORY
Affordable Housing Initiative Sarah's Story
"Applying for HIF’s housing program was a life changing moment for our family"
Program Spotlight 2019 Totals
Applications ApprovedTenant Savings (per Month Average) Landlord Donations
70 22
$1,200
$340,000+
Traditional Housing Costs/Timeline:
HIF Housing Costs/Timeline:
Multifamily Housing Development Costs: $400,000 to $800,000 per unit on average
Average rental development timeline: 4+ years
(based on 50 tenants in pilot program):
Avg market rate:
Avg AHI rate (2019):
Rental costs (per year):
$2,600
$1,300
$15,600
$780,000
$1,144$13,728
Placement timeline (avg): 2-6 weeks
Avg monthly savings: Avg yearly savings:
Program Savings:
10 11
Renovation Program
HIF supports nonprofit agencies in San Mateo and Santa Clara Counties that provide permanent, transi-tional and temporary housing and safe environments for individuals and families experiencing homelessness. Leveraging our vast network and resources within the multi-family industry, HIF completes small and large-scale renovations at no cost to our grantees, allowing these organizations to focus their budgets on the clients and communities they serve.
SUMMARYLongtime HIF Board Member and partner, Prometheus and their Porch Program volunteers led a renovation of St. Vincent De Paul’s domestic violence shelter. The Porch team and a great group of vendors helped to revitalize the shelter common area and offices, transform the exterior of the building and protect and seal the resident’s courtyard. Because of Prometheus’s leadership on this project, HIF was able to help St. Vincent de Paul enhance the quality of life for their clients and staff.
SUMMARYFree At Last provides treatment, intervention and prevention services to help break the cycle of addiction and to reunite and rebuild families. Because of the generous support of our Corporate Sponsor Sares-Regis, the great team at Varsity Painting (an HIF Board of Advisors member), volunteers from Sequoia Equities and beautiful furniture donations from CORT (also an HIF Board Member), we helped to transform the men's residential program and housing facility in East Palo Alto.
Program Spotlight 2019 Totals
Renovation Projects Savings to NonprofitsIn-kind Donations HIF Grants Invested
Vendors Volunteers Hours of Service
2$56,543 $30,681$25,862
812
120
Corporate Champion: PrometheusVendors/Partners: Prometheus, Medallion Landscape Management Inc., Kelly-Moore, Pro-Floors, BTaylor Painting
Corporate Champion: Sares-RegisVendors/Partners: Sequoia Equities, Varsity Paint, CORT Furniture
Renovation Spotlight: ST. VINCENT DE PAUL
Renovation Spotlight: FREE AT LAST
PROGRAMS
12 13
SEPTEMBER SUMMIT
Celebrating 30 years of the multi-family housing industry supporting communities in need.
SPOTLIGHT
Photo top left
HIF Co-Founder & Summit Sponsor, Jim Morley
30th Summit Anniversary Sponsors Tod & Cathy Spieker
Photo bottom left (L)
Photo bottom left (R)
Making connections and saying hello to friends and colleagues at the September Summit cocktail and networking hour
Photo facing page
We enjoyed renewed enthusiasm for HIF as we celebrated our 30th Anniversary September Summit. Our generous sponsors and guests set fundraising records and expanded our ability to make an impact in our communities.
Special thanks to our Event Level Sponsors and to Jim Morley (JSM Enterprises) and Tod Spieker (Spieker Companies) for their generous matching gifts of $100,000 each which will help HIF nearly doublethe number of households HIF can protect from homelessness while also improving our operational program capacity.
- Keisha Harris, Affordable Housing Initiative recipient
“Thank you HIF for seeing potential and ambition in us...”
HIF's 30th Anniversary Summit was a celebration of our impact in the communities we serve and also of the relationships, leaders and community members that are the heart and soul of our organization. HIF was proud to recognize Jackie B. Safier, CEO of Prometheus and President of the Helen Diller Family Foundation as our Summit Honoree for her long and deep commitment to serving Bay Area residents in need. Along with Bruce Ives, CEO of LifeMoves (our keynote speaker and recipient of our Community Service Award), Jackie reminded us of the power we all have to help transform and support our communities.
Jim Morley (HIF Co-Founder and Chairman of JSM Enterprises) along with Keisha Harris, (Affordable Housing Initiative program recipient), set the tone and energy for our guests to join in supporting HIF's programs.
2019 Financial Summary
Cash CDs, Savings & Other Investments 339,100
Cash - Checking 669,200
Total Cash 1,008,300
Other Assets 2,700
TOTAL ASSETS 1,011,000
Liabilites Accounts Payable ---
TOTAL LIABILITIES ---
Net Assets Temporarily Restricted Funds 250,000
Unrestricted Funds 761,000
TOTAL NET ASSETS 1,011,000
TOTAL LIABILITIES & NET ASSETS 1,011,000
Summary of Revenue and Expenditures
Revenue & Support Board Donations 198,900
Rod Standard Grant Program 73,200
Affordable Housing Initiative 131,900
In-Kind Donation 49,300
Events (Summit/CAA Golf/SVGives/kickball/Sharks) 1,024,200
Fundraisers (YEA, company match, misc. donations) 110,900
Grants (includes Corporate Champion sponsorships) 100,900
Other Revenue (interest, investment, program income) 22,700
TOTAL REVENUE & SUPPORT 1,711,200
Expenditures Emergency Housing Fund (568,800)
Renovation Projects (62,300)
Fundraising and Events (335,400)
All Other Expenditures (122,700)
TOTAL EXPENDITURES (1,089,200)
CHANGE IN NET ASSETS 622,000
14 15
THE NUMBERS
Thanks to our amazing board, network and staff, HIF righted its fiscal ship in 2019. By keeping staffing, operations and program costs low as well as expanding our support from foundations and executing our most successful September Summit Gala ever, HIF is in a strong position for growth in 2020.
Annual Accounts
FINANCIAL SUMMARY
16 17
GRATITUDE
Generous of spirit
THANK YOU TO OUR DONORS
CAA Tri-CountyJSM EnterprisesTod SpeikerWindy Hill Property Ventures
Arcadia Management Services Co.AvalonBay CommunitiesAvery Construction CompanyCort Furniture RentalCraig K. Zimmerman
Alliance Residential Company American AsphaltAquatek PlumbingArborwellBrook Furniture RentalCambridge Management Co. Commercial Fire ProtectionEquity Residential
Greystar Real Estate PartnersHD SupplyHolland Partner GroupWoodmont Real Estate Services
Essex Property Trust, Inc. S.W. Williams Co.HARBROIBIJohn Eudy John Millham Lorrie LambersonMarcus & Millichap
$30,000 + $20,000 - $29,999
$10,000 - $19,999
A Plus Tree, Inc.Acacia Capital CorporationBellaVista Landscaping Services, Inc.Benchmark EnvironmentalCalvac Paving Inc.Chris St. PeterDebra DeMartiniFashion Furniture RentalGerson Bakar & AssociatesHeffernan Insurance BrokersHeritage Bank of CommerceIrvine Company Apt Communities
Jake HarringtonJanice BertholdJeff BurnsJoel ButlerJohn EnnisJones Lang LaSalle Americas, Inc.Jordan MossLeary RE, Inc.LeaseLock, Inc.Lynn PierceNewmark Knight FrankOdis James
Pacific Urban ResidentialRon and Catherine GranvilleS-101 Management CompanySaarman Construction, Ltd.Seiler LLPSequoiaServando SandovalSherwin-WilliamsTodd DarlingView, Inc.Wesley Gardiner Jr.
$5,000 - $9,999
Pahl & McCay Prodesse Property Group Prometheus Real Estate GroupSares-Regis GroupSpieker Companies, Inc.TARC Construction, Inc.The Sobrato Organization
2B Living Inc.Aaron KintAFR Furniture RentalAllana Buick & Bers, Inc.Amitabh ShahAngela WaughAppliance Parts DistributorARA, A Newmark CompanyArborwellArthur ColeATI American TechnologiesBehr PaintBetty ColwellBolton & CompanyBoston Private BankBrian GaganBrian King HenryBridge Capital Partners Inc.Brigitte SpinaleCase SwensonCharles HalladayChris SaizCladdagh Construction, Inc.Colin GrayColleen MooreDan EmersonDana DavidDave BrackettDave EdwardsDavid LeeDon PetersonDoug PetersonElizabeth MeadowsErica OrnelasErik AlexanderFairfield ResidentialFirst American Title Insurance Co.FPI Management, Inc.Fran McManusFrank KalcicGeorge EngurasoffGolden Shark ConstructionGreg Galli
HFFHughes Gill Cochrane, P.C.Income Property SpecialistsInterior Logic GroupIQV ConstructionIQV ConstructionJackie Ishimaru-GachinaJeff RadzinskiJeffrey EliasonJeffrey ZellJefrey HendersonJennifer SmithJim AdamJoel Robert Rubnitz John and Kate PringleJohn and Robbin EudyJohn FahmyJohn GatesJohn WaylandJustin HaladaKatie SchmidthKen MarcianoKenneth and Vera MeislinKevin DareKimball, Tirey & St. John LLPKriebel & AssociatesLivableLMCLonnie GaryLuke FarleyLyle and Fay WigginsLynn & Michael PierceMandi NewtonMark PlengeMartha MiroyanMary LeeMichael SagerMill Creek ResidentialNatalie StoutOfer ElitzurPat CalihanPatrick MocklerPeter Sortwell
Phil SaglimbeniPhilip LevinePine Cone Lumber Co., Inc.ProfloorsR.W. Zukin Real Estate ServicesRalph D'AlessandroRealPage Inc.Regan BrownRET VenturesRichard GoldcampRichard J. GutierrezRobert CrawfordRobert JohnstonRobert SalwasserRobert WagnerRod EdwardsRodney K. BergmanSack PropertiesSalvatore SaglimbeniScott Charles BalesScott YoudallSean LuthySelina MoragaSherri L. WeberSilicon Valley Security & PatrolSteve LawrenceSteve LefkovitsSteve SeligmanSteve ZirelliSteven EggertTami AdamTerri L. StinsonThe GB GroupThe Home Depot Pro, MultifamilyTracey Michelle TylerTrammell Crow ResidentialTrevor GrayVarsity PaintingVasona Management Inc.Walker & DunlopWilliam LeivaZell Associates, Inc.
$1,000 - $4,999
18 19
Alexis GrantAndres LopezAnnalyn ChaconAuria MaleksalehiBernice ChayutBevan WhiteBrandon SilverspringsBrent GaulkeBrian GarciaBrian KaufmanBrigitta EgglestonCalifornia American ExterminatorCAPREITCarl & Gloria WalkerCarl K. SpeerstraCarlos AzucenaCasey DavisCheryl WashingtonChi YenChintimini KeithChris BotsfordChris O'ConnorChris WojcikChristie VasquezCole SimpsonDaisy OrtizDamon Michael ConnDave MillerDavid CutlerDavid GutierrezDaxx EsparzaDiane NasonDon MelzerDonald and Monica BraggEd VergaraEliott ButlerElizabeth TuttleEllen HuynhEllen O'BrienEmily KeaheyEymon BineshFred Rubio IIIGreg GuttmanHelen OsborneHolly BerkeyJean & Kurato ShimadaJeff BuckJeff Kearns
Jennifer BussoneJerome JeffersJerrid VannelliJim YenJoel L. HopmanJohn GarciaJohn HyjerJohn OneillKate Comfort-HarrKate Irving JarrellKathie CookKathleen C. WilliamsKatie SeedmanKavita MathewsKeith SuddjianKeith TheigeKevin WilkinsonKevin MaKim TorresKirk TrammellKirstie MorelloLeslie KishLisa VillarrealLori KentzellMarisol FernandezMark LaceyMaureen KubalaMaurice LeBlancMCAT ConsultingMegan BuggMichael BissellMichael David RankertMichael MaidaMichele CrawfordMichelle ClantonMike DorobaMike McGrewMike OsborneMitchell ZurichMorgan LingleMyrna CuNal Raj GoundarNancy WhelanNewmark Knight FrankNewpane.comNick MiroyanNicole Joy Wells FosterNicole Vasquez
$100 - $999
GRATITUDE
continued
Olivier SeverinPacific City Properties, LLCPam ChenPatricia CastroPaul NewhagenPaula MillardPeter DessauPeter KuzmaPhil ChavezRandall WagnerRandy AckermanRaymond RodriguezRaymond TersiniRichard HackmannRomeo LuzRose MerrymanRose NicholsRSC Foundation, Inc.Ruben ChavezSally and Craig FalkenhagenSands MinterSara Jane J SullivanSarah ButlerSean KellySean Michael HuntsmanSian O'SullivanStephanie Kay RobicheauStephen SullivanSteve HeitelSteve MurphySteven EpcarTed and Sherry HattanThe Altman Family TrustThe Thomas & Susan Klein Fnd. Tom RobertsonTom ScottTony HindoTony ZizzoTroy WikstromVas GiahosVeronica DickersonVincent KortaWendy JohnsonWill ThompsonYung K. HaZach Lapping
B-Taylor Painting Medallion Landscape Daniel Gaines PhotographyAllana Buick & Bers, Inc. Varsity Painting
CORT Furniture Rental Jake Harrington/Phyllis AyersPierce Signs ProFloorsWindy Hill Property Ventures
TARC ConstructionGB GroupKelly-Moore PaintsAvalon BayBella Vista
IN KIND : $100 - $11,000
BOARD OF DIRECTORSExecutive CommitteePresident: Jamie D’Alessandro, Windy Hill Property VenturesPresident-Elect: Tod Spieker, Windy Hill Property Ventures Vice President: Daxx Esparza, AvalonBay CommunitiesCFO: Lynn Pierce, Prodesse Property GroupSecretary: Rod Edwards, IBIPast President: Chris Peter, GreystarRon Granville, Woodmont Real Estate ServicesElizabeth Meadows, The Sobrato Organization
EMERITUS BOARDBrian Avery, Avery ConstructionJim Morley, JSM EnterprisesTod Spieker, Spieker Companies, IncRichard S. Gregersen, Peninsula WestJohn Millham, Prometheus Real Estate Group
BOARD OF ADVISORSRyan Bratcher, RealPageLauren Caliz, The G.B. GroupBrian Cilker, Pine Cone LumberLuke Farley, Presidio BankJohn Gill, Hughes Gill Cochrane P.C.Chuck Howery, Maintenance SupplyWendy Johnson, BenchmarkSean Kunz, American AsphaltBrian Moore, BellaVista LandscapingDavid Mugmon, Seiler LLPMandi Newton, Varsity PaintingJeff Radzinski, IQV ConstructionRyan Rusler, HARBROSteve Seligman, Marcus & Millichap
$11,000$6,100 $4,175$3,750$3,500
$3,400 $3,000$1,955 $1,400$1,150
$1,150 $1,140$1,000$800$298
DirectorsScott Bales, Jones Lang LaSalle Americas, Inc.Danielle Bayless, Essex Property TrustJanice Berthold, Heffernan Insurance BrokersDeb DeMartini, G. W. Williams Co.Dave Edwards, Commercial Fire ProtectionNazar Elwazir, Equity ResidentialGeorge Engurasoff, Aquatek PlumbingJoshua Howard, CAA Tri-County DivisionChris Kober, Pacific Urban ResidentialBillie Hazley, Alliance Residential CompanyGeorge Mims, HD SupplyKellie Meier, Prometheus Real Estate GroupColleen Moore, View, Inc.David Saarman, Saarman Construction LTDServando Sandoval, Pahl & McCay Goli Sarange, LeaseLockLouie Huerta, Brook Furniture RentalKerri Zarzana, CORT FurniturePeter Sortwell, ArborwellTerri Stinson, Cambridge Management Co.Heather Wallace, Sares-Regis GroupSteve Wilson, AvalonBay Communities
P.O. BOX 7257Redwood City, CA 94063
Phone(650) 437-2980
Fax(408) 935-9203
Websitewww.hifinfo.org
HOUSING INDUSTRY FOUNDATION
