san francisco housing development corporation 2016-17 annual report
reporting for the period of july 1st, 2016 to june 30th, 2017 board of directors fiscal year 2016 - 17 christine johnson board chair andrico q. penick board vice-chair ben golvin treasurer eve combs secretary jim escobedo ben golvin josie ramirez chuck turner dorris vincent daniel wong thor kaslofsky table of contents letter from the board chair and ceo housing & real estate development financial empowerment center supportive services economic development partners & funders finance supporters other highlights of the year 3 4-5 6-7 8-9 10-11 12 13 14 15 staff fiscal year 2016 - 17 administrative team david sobel chief executive officer lolita ramos chris hansen faye d’alessio sophie schultze-allen daniel rosenberg financial empowerment center sheri powers director of financial empowerment center sandra gates-anderson shannon wise diego pinto tikila mcdavid jacklyn laquindanum resident services sheryl thomas-washburn director of resident services odell johnson marlene harris mike yoshioka rhonda haley elena sanchez ayana celestine macio dickerson necolious hooker* louise celestine real estate development deven richardson director of real estate development tom kostosky * in memoriam, june 30, 2017
letter from our board chair and chief executive officer dear friends, 3 3 the 2016-17 fiscal year was marked by a number of highlights and successes for sfhdc and the clients we serve. our overall staff continued to grow to a total of 22 employees – up from a team of just five about four years ago – to better meet the needs of our community. we have again served more households this past year than ever before, and remain energized by the chance to impact so many families and individuals living in disadvantaged neighborhoods of san francisco. on the real estate development christine johnson and david sobel side, we made great progress on some key affordable housing projects, and our financial empowerment center concurrently saw improvements in all facets of its programs. additionally noteworthy, we presented our annual gala & awards dinner at the stunning california academy of sciences for the first time. we hope that in reviewing this annual report, you will see the results of the past year’s hard work. moreover, we believe you will also see concrete evidence of how your support, whether through a donation or by contributing your time, friendship, partnership or prayer has paid off. sfhdc looks forward to an exciting and fulfilling year ahead, as we continue building on the foun- dation of programs already in place. we are grateful for your support and for the opportunity to help thousands of low- and moderate-income households continue to call san francisco “home.” warmest regards, christine johnson board chair peace and blessings, david sobel, chief executive officer our mission sfhdc fosters financial stability through the development of affordable housing, the facilitation of asset building, and revitalization of san francisco’s underserved neighborhoods. the four core programs of affordable housing development, financial empowerment, community economic development and supportive services work to ensure the betterment of the community and its members. our story founded in 1988 by a group of primarily african american community leaders, sfhdc’s sole purpose from day one has been to stem the tide of displacement that has disproportionately affected african americans and other people of color. today, we address this inequality through affordable housing development, financial empowerment and social service provision to san francisco’s low- and moderate-income communities of color. sfhdc’s four core programs (housing, financial empowerment, supportive services and economic development) jointly ensure that people of all incomes and backgrounds have equal access to housing and economic opportunity.
4 1. affordable housing and real estate development for over 25 years, sfhdc has worked to develop affordable housing that strengthens underserved communities in san francisco. we have built over 400 homes and now have over 700 new units in development to ensure that working families and those less fortunate can remain in the city. our real estate team is engaged in affordable housing opportunities throughout san francisco, with a targeted focus in the bayview hunters point. alice griffith as the non-profit general partner, sfhdc is assisting mccormack baron salazar in developing this 93-unit low-income family rental building in the bayview, part of the hope sf public housing transformation initiative. construction has been substantially completed on phase 1, comprised of both public housing replacement and low income housing tax credit units. housing and financial empowerment staff are providing rental readiness and credit repair counseling to help prepare residents to move back into the newly built units. construction work continues on phase 3, which will provide an additional 122 units - 90 public housing replacement and 32 low-income family rental units. completion of phase 3 is anticipated in late 2018.
top accomplishments in fy 2016-17 5 candlestick block 11a along with mercy housing, sfhdc won the office of community investment and infrastructure’s contract in august to build this 176-unit development. the affordable housing project is comprised of 1, 2, 3, 4 and 5-bedroom units in a single 5-story building. it will feature 15,000 square feet of first-floor retail, ground-level parking and an outdoor community area. 30% of units will be reserved for formerly homeless families. 1400 1200 1000 800 600 400 200 0 7 9 9 1 8 9 9 1 9 9 9 1 0 0 0 2 1 0 0 2 2 0 0 2 3 0 0 2 4 0 0 2 5 0 0 2 6 0 0 2 7 0 0 2 8 0 0 2 9 0 0 2 0 1 0 2 1 1 0 2 2 1 0 2 3 1 0 2 4 1 0 2 5 1 0 2 6 1 0 2 7 1 0 2 0 0 0 2 1 0 0 2 2 0 0 2 3 0 0 2 4 0 0 2 5 0 0 2 6 0 0 2 7 0 0 2 8 0 0 2 9 0 0 2 0 1 0 2 1 1 0 2 2 1 0 2 3 1 0 2 4 1 0 2 5 1 0 2 6 1 0 2 7 1 0 2 in pre-development in construc=on new units completed exis=ng units in pre-development in construc=on new units completed exis=ng units t e e r t s d r i h t 0 3 0 5 - 4 2 0 5 small sites program funded by the mayor’s office of housing and community development, this program seeks to retain existing rental housing in buildings ranging from 5 to 25 units in size, especially where tenants may be in jeopardy of losing housing through ellis act or other evictions. • sfhdc has entered a contract to purchase this 3-story, 5-unit building with significant 5030 third street ground floor retail.
6 client spotlight movin’ on up! when describing her new living environment, debra rodriguez brought to mind the “movin’ on up” theme song from the 1970s-80s tv sitcom “the jeffersons.” for debra, her 2-bedroom, below-market-rate unit at the bayview’s waterbend apartment complex is a far cry from her former home of five years, and she says she owes key thanks to the san francisco housing development corporation (sfhdc) and its rental assistance pro- gram. having lived in a bayview apartment building where the city alleged her landlord had converted homes into smaller units that did not comply with city zon- ing laws, debra was actively looking for a way out. she needed to find a place that was not only afford- able in san francisco, but where she could have a sense of peace and live free of stress – the only question was how. “it was very ugly for us; it was terrible,” recalled debra, saying that the conditions left her and her husband, rafael, very stressed. a former grocery clerk and native san franciscan, debra went to work searching for a new home by calling the city for solutions and seeking answers on how to apply for affordable housing lotteries. along the way she came across sfhdc, whom she had learned about through her church pastor. after contacting sfhdc, debra was initially connect- ed with our financial counseling staff, who conduct- ed a credit report and helped her take actions to improve her credit score as well as reduce her debt, among other services. thanks to a monthslong commitment of regularly attending sfhdc financial planning classes and a determination to improve her standing, debra said she got welcomed news when she finally won an affordable housing spot for an apartment at the waterbend complex. debra, who has four daughters and nine grandchildren, had received a neighbor- hood resident housing preference to successfully apply for the competitive bid. she now has the peace she sought, sleeps well regularly and has significantly reduced her stress level. “i feel like i’m in heaven over here,” she said of her new home of several months. “it’s such a differ- ence.” debra praised sfhdc staff for providing the support and motivation she needed throughout the long search process. “you guys do an awesome job!” she said. “i can’t believe how much the staff do down there.” in particular, she credits the rental assistance pro- gram classes for helping better her financial status by educating her about proper budgeting and ways to save limited income. she has even helped coor- dinate monthly offerings of the classes at the true hope church to allow other community members to receive the services. “the classes really taught me a lot,” she noted, add- ing that she is eager to continue with them. “every time i went i was learning something different.” beyond the sage financial advice that sfhdc provid- ed, debra said she was able to improve her living sit- uation due to the staff that kept her focused on the goal and gave her the confidence to find the rightful place to call home. “when sfhdc came into my life, it was a blessing,” she said. rental assistance program through a grant from the implementation committee for the hunters point shipyard core community benefits program, sfhdc has funds to provide about 100 forgiveable loans to lower income households and about 50 loans to low-moderate income households. as of july 2017, 116 applicants were active in the program, including 13 certificate of preference holders. a total of 27 loans have been funded to date, totaling $25,451.28, with eight additional approvals pending.
top accomplishments in fy 2016-17 7 the fec conducted 2,354 one on one counseling appointments, a 20% increase from fy 15-16 free tax prep 393 tax returns prepared, resulting in $717,000 in refunds for clients. more than $3.53 million in tax refunds claimed over four years! 2. financial empowerment center (fec) our goal is to provide a concise framework, path and strategy for individuals and families to achieve real wealth and meaningful financial success. this approach supports their personal vision, mission and core values through group courses and one-on-one couseling. financial empowerment center program growth 2500 financial empowerment center program growth first-time homebuyers program 2000 1,158 individuals graduated from homebuyer education workshops. 33 of those graduates purchased homes in fy 16-17, the most of any program in the city. 1500 247 people attended credit matters i (credit building, repair and use of credit). 1500 48 people attended credit matters ii (collections, debt settlement and student loans). 1000 credit workshops 1000 rental readiness 500 203 people attended this workshop during fy 16-17, a 264% increase from fy 15-16. financial empowerment center program growth 0 13-14 fy 14-15 fy 2500 2000 500 2500 2000 0 1500 1000 500 0 13-14 fy 14-15 fy new clients 15-16 educa=on requirements completed 1:1 counseling sessions total educa=on a?endance total educa=on a?endance 16-17 fy fy new clients educa=on requirements completed 1:1 counseling sessions 13-14 fy 14-15 fy 15-16 fy 16-17 fy new clients educa=on requirements completed 1:1 counseling sessions total educa=on a?endance our education programs:
8 3. resident services our professional team supports residents at four properties, including bayview commons, hunters point east & west, and westbrook apartments. our service connection, case management, and resident engagement practices are effective tools in affordable and supportive housing, often leading to long-term tenant success, housing stability, and community building. 15.7% very low 3.5% low 80% extremely low 80+ 0.3% median 11+ ethnicity of residents assisted demographics: of residents assisted resident household income 51% black, non hispanic 5.5% asian 10.5% native hawaiian/pacific islander 6.2% white, non hispanic race & 24% white & hispanic 0.25% multiple race/ other summary of service activities • 470 households across four locations • 24 resident workshops with 700+ attendees • 32 community meetings with 500+ attendees • 135 service connections • 29 volunteer tax returns prepared • 12 health and wellness /cooking classes • 9 youth field trips with 270 attendees • 6 holiday special events • 4 quarterly life skill development workshops • 15 years of social service provision service connections: (one-on-one, phone, home visits, referrals) 1,833 total residents community events: 2,808 total attendees resident meetings: 896 total attendees 16 + 3 + 1 + l 24 + 2 + 51 + 6 + 6 + l
top accomplishments in fy 2016-17 9 families served with the expanding rental assistance demonstration (rad) program, sfhdc serves 15 times more families. we support 1,200 clients through our resident services program, across four sites comprised of 470 households. client spotlight nicole clay: making her mark on the hunters point community those looking for a way to give back to their community could take a lesson from nicole clay. of the most rewarding aspects of the programs are “engaging with the community and helping out more.” a resident of the hunters point west rental assistance demon- stration (rad) program, nicole felt the urge to get more involved in the local community and interact more with her neigh- bors. following that call to action, nicole has become invested in the hunters point neighborhood in more ways than one – and she says she has sfhdc to thank. nicole not only serves as a lead volunteer for the food pantry service at sfhdc’s 1065 oakdale ave. site, but she has been elect- ed vice president of the hunters point west residents council. she is also involved with the candlestick state park ambas- sador program and assists with sfhdc’s computer digital literacy program. having lived at hunters point west for 23 years, nicole said she learned about sfhdc and its various supportive services when staff came to the development for meetings with residents to explain some of the anticipat- ed changes and opportunities. as the lead service provider at the property as part of the rad program, which leverages invest- ment in public housing, sfhdc has offered a variety of on-site supportive services to help res- idents set and achieve personal goals. nicole recalled how she was in- trigued by the opportunities sfh- dc would provide and wanted to learn more about how she could get involved with the activities. beyond the opportunity to take part in different facets of the neighborhood, nicole said some one of the supportive programs with which she has become most active is the food pantry at the oakdale community room, where she helps sfhdc staff oversee the operation. “i just try to get more nutritious food in the community and engage with my neighbors,” she said. taking pride in being more in- volved in her neighborhood than she ever had been previously, ni- cole credits sfhdc for providing that avenue and for encouraging others to pursue a similar call of service. “(sfhdc) is a great help to the community as far as bringing things back into the communi- ty and keeping us informed on what’s going on,” she said.
10 fillmore heritage center • with the new community leadership foundation (nclf), sfhdc submitted a response to the city’s request for proposals for this critical community resource, bringing together a wide range of talent to ensure that the center fulfills the original intent of its diverse stakeholders. • the vision is to inspire and empower the surrounding historically disenfranchised neighborhood, while serving as a catalyst for economic and creative prosperity for the fillmore and beyond. • we continue to work with community stakeholders on this vital initiative to restore and showcase the rich cultural heritage to the fillmore district.
top accomplishments in fy 2016-17 11 4. economic development creating financially stable communities that can support local residents takes more than offering affordable housing. for our housing opportunities to be successful, our residents also need access to employment, goods, and services close to where they live. thus, we also support the viability of local business- es in neighborhoods we serve. chef eskender aseged brings affordable gourmet cuisine to the bayview at radio africa & kitchen radio africa & kitchen sfhdc is proud to continue its support of radio africa & kitchen, our commercial tenant at 4800 third street. the award-winning chef eskender aseged hosts a community dinner every tuesday, wherin he prepares a gourmet, two-course meal for $10! since its opening in 2006, radio africa & kitchen has earned 81.5% four and five star reviews on yelp, with a total of 303 customer reviews and an average of 4.5 stars. ocean beach we continue to sponsor about 30,000 square feet of neigh- borhood serving retail space at ocean beach apartments, together with our partner, epmi bayside management. these shops offer convenient goods and services, as well as employment opportunities, to the immediate neighborhood.
12 partners & funders funders bank of america boston private bank & trust bridge housing charles schwab bank citi bank city national bank comerica bank corporation for national & community service creaa dignity health first republic bank forest city enterprises golden state warriors haas sr. foundation hsbc north america human services agency the implementation committee for the bayview hunters point core community benefits agreement jp morgan chase john stewart co. lennar corporation lisc mccormack baron salazar mechanics bank national community reinvestment coalition related california san francisco human services agency san francisco mayor’s office of housing and community development the san francisco foundation the shipyard communities, llc union bank united way u.s. department of housing and urban development (hud) wells fargo housing foundation walter and elise haas fund partners asian, inc. bayview opera house (3rd on third) bayview y bridge housing cahill contractors caritas management city of dreams consumer credit counseling services, sf episcopal community services epmi, a bayside company forest city enterprises homeownership sf hunters point family john stewart co. lennar corporation mccormack baron salazar mercy housing mission economic development agency national community reinvestment coalition opportunity fund related california ridgepoint nonprofit housing rural community assistance corporation san francisco general hospital solutions for women tang soo do house referral partners bayview hunters point community legal bayview hunters point multipurpose senior services habitat for humanity greater san francisco old skool café potrero hill neighborhood house renaissance entrepreneurship center the salvation army golden state division sustainable futures visitation valley family services
finance statement of activities summary 2011-17 13 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 fy 14-15 revenues fy 15-16 expenses surplus fy 16-17 detailed statement of activities revenue: fiscal year fiscal year 2015-16 2016-17 other income 19% founda'on grants 19% foundation grants $1,200,073 $505,000 contract revenue $239,459 $1,342,855 interest income 1% contributions management fees interest income gain/(loss) on partnership investment $27,500 $82,508 $11,604 $436 _ $261,941 $7,825 $(689) other income $817,061 $502,015 development income $225,715 $308,482 total revenue $2,712,321 $3,055,256 management fees 10% fy 2016-17 revenues contract revenue 51% expenses: fiscal year fiscal year 2015-16 2016-17 housing counseling $722,684 $686,283 supportive services $1,050,408 $1,163,723 housing development $162,034 $295,024 administrative fundraising $168,215 $205,277 $153,123 $251,292 shared expenses $62,815 $163,747 total expenses $2,319,279 $2,765,347 operating surplus $393,042 $289,909 shared expenses shared expenses 6% 6% fundraising fundraising 9% 9% housing housing counseling counseling 25% 25% administra2ve administra2ve 7% 7% fy 2016-17 expenses housing housing development development 11% 11% suppor2ve services 42% suppor2ve services 42%
14 supporters boston private bank & trust bridge housing cahill contractors carpenters local union charles schwab chinese real estate association cisco systems first friday fellowship first republic bank jp morgan chase & company mccormack baron salazar mercy housing new community leadership foundation nibbi brothers powell architecture powers and associates saida & sullivan design partners summit bank tabernacle community development the john stewart company union bank walter & elise haas fund zephyr real estate erick alfaro sandra anderson leiasa beckman thomas and teresa bennett mara blizer pamela booker nina borello mark borello pam brooks the hon. willie l. brown, jr. ken buchmann ayana celestine catherine chaname dahlia chazan deborah claiborne jean colvin eve combs diana cordero gamboa jean cosby james cruz yolanda davis cathleen de jesus jean dunn edith dyson nyla dyson verdenia elisor theo ellington jim escobedo a huge thank you to all of our individual supporters! sharika etheart vincent fisher ted frazier greg freeman nick friend dr. frederick gaines jamie gaines frederick gaines jaimie gaines teresa gaza ben golvin and karen klein uzuri greene rosemary greene eugenia griffin david gunter shirley hamilton chris and amy hansen nick hansen marlene harris jan hass jennifer house jeff house laveese howard mable huang jennifer jackson christine johnson david johnson jacqueline johnson ken johnson ellen johnson debra k. johnson dee johnson odell johnson jo’vel jones dwayne jones northea jones thor kaslofsky alice keaton the hon. lavaughn k. king michael krasny velma landers amy lee olson lee jasmine leonard cynthia leonard velora lilly diane luporini tobin maccready cheryl macie renee magdangal stacy mason joan mathis the hon. sophie maxwell kate mcgee sherrel mcgilbery ursula milburn-webb toni mock roberta morganstern i. lee murphy-reed jennifer navarro kenny neal josi neal brian neumann andrico penick eduardo peralta shantella racklin josie ramirez carolyn ransom-scott bharat rawal catherine reilly karon riley eric robinson andrew schorfhaar brian sherdivan david sobel and allyson moore robert and rochelle sobel alejandra soza richard stacy staci sudduth andrea swetland alexis taylor norm thompson gwendolyn thompson james tofaeono chuck turner helen vaughn terri j. vaughn barbara verdon dorris vincent denise vincent gregory eugene vincent lydia vincent-white lashon walker eddie walker constance walker tracy ward billy ward ann warren christopher witt daniel wong eddie wong bonnie wright gary young rev. dr. christopher zacharias
other highlights of the year: 15 sfhdc annual gala held at the beautiful california academy of sciences for the first time.
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