Corporation for Supportive Housing Annual Report 2007

www.csh.org

Our Story

Corporation for Supportive Housing Annual Report 2007— 2 —

A Year of ChangeCSH has never believed in the status quo. At the time of our founding over a decade and a half ago, we came together as an organization to challenge the then-held belief that homelessness was intrac-table. Instead, we offered a vision that homelessness could in fact be ended, especially for individuals and families who spent months and years on end cycling between the streets and emergency systems such as shelters, jails and other institutions.

Our solution was simple — the innovation of supportive housing. Supportive Housing provides per-manent affordable housing integrated with an array of high-quality support services for vulnerable and/or homeless individuals and families.

Today, some seventeen years later, there are over 140,000 supportive housing opportunities in com-munities across the country; a growing body of evidence supports our assertion — supportive housing works; public sector systems are finding new and creative ways to fund and sustain the creation of sup-portive housing; and a highly talented supportive housing industry has emerged.

While extremely proud of our success, CSH believes the time is ripe to set a new bold vision and once again challenge the status quo. Just as we asserted that long term homelessness could be ended, we are now asserting there is broader potential for the application of supportive housing by bringing supportive housing into the mainstream of public policy response to poverty and vulnerability. In do-ing so, supportive housing will help prevent homelessness, improve outcomes for more individuals and families, improve service delivery in our public systems of care and more broadly help strengthen our communities.

To support this broader vision, CSH adopted a new strategic plan which recognizes our success and the need to expand our efforts to extend the influence, role and impact of supportive housing well beyond the current landscape and application. The strategic foundations we build in 2007 position us to explore exciting opportunities related to supportive housing. We are poised to effectively lead as we use experi-ence and innovation to find ways to integrate supportive housing with other models, enhance overall community stability and well-being, deliver better housing, security, economic opportunity, health improvements and independence to supportive housing clients, and serve other vulnerable populations (veterans, families, individuals exiting a correctional setting, frail elderly, and Native Americans).

We also found better ways to monitor our own performance and the overall impact of supportive hous-ing. We’ve added two new members to our Board of Directors. And, we challenged our own internal structure, recognizing the need to flexibly provide services to more communities and public sector agencies across the country.

CSH and supportive housing have made a real difference for thousands. Working together with our partners in communities across the country, we know we can — and will — do more. We look forward to you continued collaboration and support.

Deborah De Santis, President and CEODenise O’Leary, Chair of the Board

Corporation for Supportive Housing Annual Report 2007— 3 —

The time is right to end the cycle of homelessness and incarceration in this country. It will require commitment and imagination, but will generate a transformation in the lives of everyone who gains a place in the community and gets the chance to live with dignity. We can either waste money keep-ing people homeless, or we can spend those dollars on long-term solutions that produce positive results. The time is right to end the cycle of homelessness and incarceration in this country. It will require commitment and imagination, but will generate a transformation in the lives of everyone who gains a place in the community and gets the chance to live with dignity. We can either waste money keep-ing people homeless, or we can spend those dollars on long-term solutions that produce positive results. The time is right to end the cycle of homelessness and incarceration in this country. It will require commitment and imagination, but will generate a transformation in the lives of everyone who gains a place in the community and gets the chance to live with dignity. We can either waste money keep-ing people homeless, or we can spend those dollars on long-term solutions that produce positive results.

CSHis a national non-profit organization and community

development financial institution that helps

communities create permanent housing with services

to prevent and end homelessness.

CSH is a catalyst with 17 years of proven experience and expertise. CSH is the industry leader, working with communities across the country to create supportive housing. Over our history we have strengthened the supportive housing industry, championed public policy reforms and have directly assisted in the creation of supportive housing ensuring that vulnerable and homeless individuals and families have access to permanent affordable homes with the support services they need to remain housed in the years to come. Our staff is committed to:

• Creatingandsustainingatleast150,000supportivehousingunitsby2011.

• Endingtheroutinedischargeofindividualsandfamiliesintohomelessnessfromhospitals,jails,prisons,treatment facilities and other public systems of care.

• Securinggreaterinvestmentsinsupportiveandaffordablehousingfrommainstreamsystems.

Project Specific Assistance, Lending and Grant MakingCSH provides expertise, tools and coaching in the areas of project financing, housing development, project design and service strategies to supportive housing developers, operators and service providers. The results of our lending, grant making and project-specific assistance include:

•Morethan33,600newunitsofsupportivehousinghavebeendevelopedorareunderdevelopment,includingAvalon Housing Development, SouthWest Housing, Robins Nest and Center Housing (tenants from these projectsarefeaturedonpages4-5).

• Atleast22,300individualsandfamiliesnowliveinsupportivehousingunitscreatedbyCSH.

•Over$125millionindirectfinancialassistancehasbeenprovidedtothesupportivehousingindustry.

•Morethan$29millioninlow-interestloanstoensurethecontinueddevelopmentoffortysixprojects already underway.

Corporation for Supportive Housing Annual Report 2007— 4 —

When I was living in Detroit, I was living in a house that didn’t have running water or central heat. Finally, I got into Avalon.

It’s made my life a lot better. It’s put me on a footing that I would never be on without it. Avalon is like the people who advocated a public water system — supportive housing is on that kind of basic human needs level. I do also see Avalon as part of a larger movement towards a more inclusive, caring society.”

— Paul, Avalon Housing Development

I was an alcoholic and wasn’t taking my medi-cation…I didn’t have a place to live after my ex-husband kicked me out of our house and basi-

cally I was homeless coming into Southwest housing. They’ve given me more respect for myself than I’ve ever had, by standing behind me when no one else would. If it was not for supportive housing…I would be dead.”

— Jacquita, SouthWest Housing

‘‘ ‘‘

The time is right to end the cycle of homelessness and incarceration in this country. It will require commitment and imagination, but will generate a transformation in the lives of everyone who gains a place in the community and gets the chance to live with dignity. We can either waste money keep-ing people homeless, or we can spend those dollars on long-term solutions that produce positive results. The time is right to end the cycle of homelessness and incarceration in this country. It will require commitment and imagination, but will generate a transformation in the lives of everyone who gains a place in the community and gets the chance to live with dignity. We can either waste money keep-ing people homeless, or we can spend those dollars on long-term solutions that produce positive results. The time is right to end the cycle of homelessness and incarceration in this country. It will require commitment and imagination, but will generate a transformation in the lives of everyone who gains a place in the community and gets the chance to live with dignity. We can either waste money keep-ing people homeless, or we can spend those dollars on long-term solutions that produce positive results.

Our Stories

Public Policy Reform and Systems ChangeCSH seeks to build the political commitment, systems and financing needed to create an adequate supply of supportivehousingtoendandpreventlongtermhomelessnessatthefederal,stateandlocallevels.Effortsinclude supporting and pursuing research that demonstrates the efficacy of supportive housing and bolsters CSH’s public policy agenda. In 2007:

• $727millionwasawardedforsupportivehousingthroughtheFederalMcKinneyVentoProgram,representingover5,600newsupportivehousingunits.

• $75millioninnewfundingwasappropriatedfor10,000newsupportivehousingrentalassistancevouchersservingveteransthroughtheHUD-VASHProgram.

•Over$400millionwasleveragedtosupportthedevelopment,operationsorservicesforsupportivehousingthrough CSH’s state and local public policy reform and systems change activities.

Corporation for Supportive Housing Annual Report 2007— 5 —

My family member was abusive…she wouldn’t talk to me, she would hit me. I ran away. I needed a place that could

guide me and teach me how to go out on my own and I needed somewhere to stay — period. I’ve learned how to maintain employment. I’m going to schoolrightnowtogetmyGEDbecauseIneverfin-ished, and then after that I want to go for nursing. If I was in a shelter, I wouldn’t have been working and I wouldn’t have had any skills to live on my own.”

— June, Robins Nest

I wound up basically on the streets after working all my life, standing there with nothing in my pocket. After losing everything you can go into

a state of depression, you’re sitting there wondering what happened to you, what happened to your life. Now you have a place to call home…you start to become your own person again. My possibilities are unlimited.”

— Charlie, Center House

‘‘ ‘‘

The time is right to end the cycle of homelessness and incarceration in this country. It will require commitment and imagination, but will generate a transformation in the lives of everyone who gains a place in the community and gets the chance to live with dignity. We can either waste money keep-ing people homeless, or we can spend those dollars on long-term solutions that produce positive results. The time is right to end the cycle of homelessness and incarceration in this country. It will require commitment and imagination, but will generate a transformation in the lives of everyone who gains a place in the community and gets the chance to live with dignity. We can either waste money keep-ing people homeless, or we can spend those dollars on long-term solutions that produce positive results. The time is right to end the cycle of homelessness and incarceration in this country. It will require commitment and imagination, but will generate a transformation in the lives of everyone who gains a place in the community and gets the chance to live with dignity. We can either waste money keep-ing people homeless, or we can spend those dollars on long-term solutions that produce positive results.

Strengthening the Supportive Housing IndustryCSH collects, distills, creates and disseminates curricula, promising practices, lessons learned and other critical tools and resources to strengthen and support the broad supportive housing industry. In 2007:

• CSHauthoredandcommissionedninenewpublicationsandguidebooksforthesupportivehousingindustry,bringingthetotalofCSH’spublicationlibrarytoover150resources.

• CSHStaffprovidedmorethan250trainingsandpresentationstomorethan10,870membersofthesupportive housing industry.

• CSHconvenedover200influentialpolicymakersfrom31statesattheannualSupportiveHousingLeadershipForuminArlington,VA.

• SixSupportiveHousingDevelopmentInstitutes(SHDI)trainedapproximately60developmentteams,supportingthelaunchofapproximately60newsupportivehousingprojects.NineSHDIsareplannedfor2008.

Corporation for Supportive Housing Annual Report 2007— 6 —

Public Support & Revenue

Grants&Contributions $10,167,204

In-KindContributions $1,030,426

ContractServices $6,286,888

Interest&DividendIncome $1,579,845

Fees&OtherIncome $2,276,929

GainonSaleofLoans $149

Total $21,341,441

Expenses

ProgramServices $19,972,732

Management&General $2,584,773

Fundraising $705,525

Total 23,262,757

Change in Net Assets

BeforeNetRealizedonInvestment (1,921,316)

Net Realized & Unrealized (Losses) Gains onInvestments ($311,618)

Change in Net Assets (2,232,934)

Net Assets

Beginning of Year $41,064,443

End of Year $38,831,509

Financials 2007Denise O’Leary, Chair

David P. Crosby,ViceChairman Managing Director, Piper Jaffray, Inc.

Ellen Baxter, Secretary Executive Director, Broadway Housing Communities

Kenneth J. Bacon Executive Vice President, Fannie Mae

Deborah De Santis President and Chief Executive Officer, Corporation for Supportive Housing

Pete Earley* Former reporter with The Washington Post and the author of nine non-fiction books

Gary Eisenman Senior Real Estate Attorney, Cravath, Swaine & Moore LLP

Alicia K. Glen Managing Director, Urban Investment Group, Goldman, Sachs & Co.

Dr. Sandra Hernandez, MD Chief Executive Officer, The San Francisco Foundation

Jennifer Leimaile Ho Executive Director, Hearth Connection

Marc R. Kadish Director, Mayer, Brown, Rowe and Maw, LLP

Mitchel R. Levitas Editorial Director, The New York Times

James L. Logue, III Chief Operating Officer, Great Lakes Capital Fund

Richard Ravitch Partner, Ravitch Rice & Co.

Estelle B. Richman Secretary, Pennsylvania Department of Public Welfare

The Honorable Justice Evelyn Stratton The Supreme Court of Ohio

Douglas M. Weill* Managing Director, Real Estate Private Fund Group, Credit Suisse

*addedin2008

Board Members 2007

Corporation for Supportive Housing Annual Report 2007— 7 —

Funders 2007William S. Abell Foundation

Cory Abrahams

Alliance Healthcare Foundation

van Ameringen Foundation, Inc.

Anonymous

Buck Bagot

Bank of America Foundation

The BTMU Foundation

The Butler Family Fund

California Community Foundation

The California Endowment

California HealthCare Foundation

California Institute for Mental Health

Center for Urban Community Services, Inc.

Centre City Development Corporation

Cermak Rhoades Architects

City of Chicago

The Chicago Community Trust

Chicago Tribune Charities

City Connect Detroit

Community Foundation for Greater New Haven

City of Dallas

Enterprise Community Partners

Equal Justice Works

Fannie Mae Corporation

The Fannie Mae Foundation

Federal Home Loan Bank System

Flannery Construction

Apryl Franklyn

Frey Foundation

GE Money Bank

Goldman, Sachs & Co.

Great Lakes Capital Fund

Greater Minnesota Housing Fund

The Evelyn and Walter Haas, Jr. Fund

Conrad N. Hilton Foundation

Hartford Foundation for Public Giving

Stuart Hassell

HSBC Bank USA

Illinois Department of Human Services

Marian Javits

JEHT Foundation

Tim Jones

Robert Wood Johnson Foundation

JPMorgan Chase Bank

LaSalle Bank Corporation

Lehigh County

The M&T Bank Charitable Foundation

McCarthy Family Foundation

McGregor Fund

The McKnight Foundation

The Melville Charitable Trust

Mental Health Resources, Inc.

Mercer Alliance

MetLife

MetLife Foundation

Michigan State Housing Development Authority

Model Cities of St. Paul, Inc.

Edward R. Murrow High School

National Affordable Housing Trust

National Alliance to End Homelessness

National Center on Addiction and Substance Abuse at Columbia University

National Checking Company

National City Bank

National Equity Fund

The Nationwide Foundation

New Jersey Housing Mortgage and Finance Agency

John H. and Ethel G. Noble Charitable Trust

Oak Foundation USA

Ohio Capital Corporation for Housing

Ohio Department of Rehabilitation and Correction

Open Society Institute

The Ralph M. Parsons Foundation

Partnership for Strong Communities

Piper Jaffray & Co. Foundation

PNC Bank

Polk Brothers Foundation

Property Solutions and Services, LLC

Michael Reese Health Trust

The Rockit Fund

County of San Bernardino Behavioral Health Department

County of San Diego

The San Diego Foundation

San Diego Social Venture Partners

San Francisco Foundation

Brandon Sharitt

Sisters of Charity Foundation of Cleveland

Supportive Housing Network of New York

TD Bank USA, N.A.

Kit Turen

United Way of Greater Los Angeles

United Way of New York City

Volunteers of America

W. H. Annenberg Foundation

Weingart Foundation

Wells Fargo Community Development Corporation

Wells Fargo Foundation

Amherst H. Wilder Foundation

Women in Need, Inc.

Albert E. Youssef

CSH is grateful for the generous support of our many partners.

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