2013-2014 | REPORT TO THE COMMUNITY
BOARD OF DIRECTORS
Thomas W. Brock
Chairman
Richard Nightingale
President
Jesse Krasnow
Vice Chairman
William Frey
Treasurer
Jefferson Boyce
Secretary
The Rev. John P. Duffell
Director
Jesse Krasnow
Director
Arletha Miles-Boyce
Director
Cesar F. Pereira
Director
J. Brian Peters
Director
Robert H. Petrocelli, Jr.
Director
Paul Turovsky
Director
Charles L. Weinberg
Chair Emeritus
LEADERSHIP TEAM
Richard Nightingale
President & Chief Executive Officer
Kenneth Belfer
Senior Vice President, Housing
James Coughlin
Senior Vice President, Services
Treacy Sayres
Vice President, Real Estate Development
Patricia Vitelli
Vice President, Finance
LETTER FROM THE
CHAIRMAN & PRESIDENT
September, 2014
Dear Friends,
The past year has been a busy and productive one for Westhab as we continue to expand our work of
Building Communities and Changing Lives for the people and communities that we serve.
Building Communities: Our real estate development efforts are progressing, with four new
developments in the works that will provide housing for seniors, families, young adults, and people
with disabilities. Through a new partnership with the Washingtonville Housing Alliance, we have also
extended our community building efforts into Mamaroneck.
Changing Lives: Westhab’s service programs are meeting the needs of people more comprehensively
than ever before with dedicated programs for a range of different populations, including veterans and
working families. We continue to lead Westchester County in transitioning homeless people to
permanent housing and in placing public assistance recipients in jobs. Meanwhile, our seven youth
centers are working to break the cycle of poverty for more homeless and at-risk young people than at
any time in our history.
Our success in advancing our mission would not be possible without our talented and passionate staff,
several of whom you will learn about in this report. Westhab is truly a community—a coming together
of the people that we serve, the staff delivering these critically-needed services, our partners and
supporters, and the community as a whole.
We thank you for your steadfast support, and we look forward to your continued involvement with
Westhab as we forge an exciting future.
With best regards,
Richard Nightingale
President & CEO
Thomas W. Brock
Chairman
2013 IMPACT
■
1,025 affordable and supportive
housing units under management
■
4 development sites comprising
177 new apartments in active
development
■
357 homeless households
transitioned to permanent housing
■
492 people placed in jobs
averaging $9.66/hr
■
2,000 youth served through
7 out-of-school-time centers
A THRIVING COMMUNITY
While she enjoys retirement, 70-year old Trina WilliamsFeaster rarely takes a day off. A resident at Westhab's Shiloh
Senior Housing residence in New Rochelle, Trina spends her
days leading knitting, quilting and jewelry-making classes for
fellow residents.
Trina enjoys the senior-oriented amenities of the building,
which include laundry machines and public sitting areas on
every floor, emergency response buttons in every apartment,
an exercise room, and transportation to the City of New
Rochelle's Senior Center.
“
Every time I enter my apartment it's
like walking into a new house for
the first time. Westhab thought of
everything when they built Shiloh.
Every senior citizen deserves to live
in a place like this.
“
- Trina Williams-Feaster
Opened in 2013 in partnership with Shiloh Baptist Church, Shiloh Senior Housing provides
40 units of affordable, supportive housing for seniors in New Rochelle. From its inception,
the residents of Shiloh have formed a close-knit community bustling with recreational and
social activities.
“
“
I knew where I wanted to go with my
career, but I didn't have the resources to
get there. Westhab provided everything job training, transportation assistance,
and internships. Whatever I needed, they
supported me all the way.
- Rico Champion
OVERCOMING OBSTACLES
Raised in Mount Vernon, Rico Champion faced his share of
struggles as a young man. Both of his brothers died from
drug-related violence, and Rico spent his young adult years
in and out of the criminal justice system. The odds were
against him, but Rico persevered and found his way.
Two years ago, Rico lost his job and was forced to apply for
public assistance. During this process, Rico met Thomas
Oviedo, a Westhab Employment Counselor. Mr. Oviedo
helped Rico create a plan for returning to the workforce,
including completing Westhab's Job Readiness Training
Program and securing an internship at Macedonia Baptist
Church. But Rico had bigger dreams. He obtained his
bachelor's degree from the College of New Rochelle and
was recently accepted to the master’s degree program at
Union Theological Seminary.
Westhab is the leading employment training and job placement organization for public assistance
recipients in Westchester, delivering Employment Services to over 2,000 people each year. In
2013, Westhab placed 492 individuals into employment at an average wage of $2 above the
minimum wage.
“
“
Someone just needs to devote the
time and attention to give these
young people a chance. I’ve been
blown away by the determination
and eagerness to learn once that seed
is planted.
- Ebony Lambright
Westhab’s 7 out-of-school-time programs in White Plains, Yonkers, Mount Vernon, and the Bronx deliver comprehensive academic and enrichment programming to over
2,000 young people each year.
CREATING BRIGHT FUTURES
Ebony Lambright, an AmeriCorps Volunteer at Westhab’s Promoting Excellence and Achievement
in Kids (PEAK) Center in Mount Vernon, has spent the past year tutoring children in need of
remedial literacy support.
In her first week at the PEAK, Ebony noticed Ameen, a shy, often frustrated participant who struggled
to read basic instructions on his homework assignments. Ameen's struggles with reading affected
every aspect of his school work. Over the course of the year, Ebony worked one-on-one with Ameen
on a daily basis, patiently helping him with pronunciation, spelling, and comprehension.
The results were dramatic: Ameen's literacy scores jumped, calls came into the center from
Ameen's teachers noting a "dramatic improvement", and self-confidence had replaced his fear
of reading and learning.
UNBREAKABLE SPIRIT
Westhab's FirstSteps program provides housing and
intensive supportive services for homeless young adult
parents who live with disabilities. When Destiney Ruffin was
accepted into the program, she thought her life was finally
on the right track. Unfortunately, one month after enrolling
in the program, Destiney was involved in an altercation and
incarcerated for several months in County jail.
How did FirstSteps Manager Cordetta Creighton respond?
In a word: hustle. Cordetta secured a safe residence for
Destiney’s daughter, accompanied Destiney to court dates,
and helped Destiney create a plan for her future.
Upon her release, Destiney earned her high school
equivalency diploma, secured a steady job, and after
completing an intensive training program, she was awarded
her Home Health Aide certificate. Today Destiney is proudly
contributing to her community.
“
“
You get used to people saying you can't do this
or that and eventually you start believing them.
When I met Ms. Creighton, it was the opposite.
She helped me set goals I never would have
thought I could achieve. Now I'm a Home
Health Aid. I want to become a Nurse.
- Destiney Ruffin
Westhab launched the FirstSteps program in 2012 to help formerly homeless young parents
living with disabilities secure better jobs, break the cycle of poverty, and create better lives
for their children. FirstSteps provides supportive housing to 32 families.
NO PLACE LIKE HOME
Ingrid Harvey has lived in New Rochelle's historic Rochelle Park
community since 1980. She has always loved her community,
but when her aging home required costly repairs that she
couldn’t afford to address, her future became uncertain.
Fortunately, Ingrid was referred to Westhab’s Residential
Rehab program. Led by Kevin McAuliffe, Westhab's Director
of Facilities, Westhab was able to replace faulty roofing and
upgrade the home’s outdated electrical system at no cost
to Ingrid. Her house will now keep her safe and secure for
years to come, allowing her to stay in the community she
holds so dear.
“
“
This program is one of the best things
that has ever happened to me. Kevin’s
attention to making things right has
allowed me to continue living in my
home. I look at my house now and I am
reminded of just how much I love it here.
- Ingrid Harvey
In partnership with the Department of Housing and Urban Development and the City of
New Rochelle, Westhab operates the Residential Rehab program to support lower-income
homeowners unable to pay for essential renovations. Since the program’s inception in 2009,
Westhab has completed over $680,000 in renovation work, assisting 27 households in
maintaining and improving their homes.
Westhab benefits from many government, corporate, institutional, and individual sources of financial support.
We gratefully acknowledge the following major contributors for 2013:
GOVERNMENT PARTNERS
BENEFACTORS - $10,000 +
PATRONS - $1,000-4,999
Westchester County Department
of Social Services
Westchester County Department
of Community Mental Health
Westchester County Workforce
Investment Board
United States Department of Housing
and Urban Development
United States Department
of Veterans Affairs
National Endowment for the Arts
New York State Education Department
New York State Department of Labor
New York State Division of Housing
and Community Renewal
New York State Division of Parole
New York State Office of Mental Health
New York State Office of Temporary
and Disability Assistance
New York City Department of Youth
and Community Development
New Yorkers Volunteer
City of Mount Vernon
City of New Rochelle
City of White Plains
City of Yonkers
Corporation for National
& Community Service
Municipal Housing Authority
of the City of Yonkers
White Plains City School District
The Beacon Group
Thomas & Susan Brock
Community Housing Management Corp.
The Hearst Foundations
JPMorgan Chase & Co.
Talulah Musk
New York Life Insurance Company
The Readers Digest Foundation
The Reformed Church of Bronxville
St. Faith's House Foundation
The Tudor Foundation, Inc.
Mark & Rosanne Welshimer
The Westchester Community Foundation
Alvarez Charitable Foundation
The Bachmann Strauss Family Fund, Inc.
Kenneth Belfer
Jefferson Boyce & Arletha Miles-Boyce
Build - A - Bear Workshop Foundation, Inc.
Community Preservation Corporation
Adam Crisafulli
The Davidson Family Foundation
Enterprise Community Partners, Inc.
The Faley Corporation
Fidelity Charitable Gift Fund
The Flanders Group
Gary & Nancy Goodenough
Gutman Mintz Baker & Sonnenfeldt, P.C.
Lamb Financial
Lasberg Construction
Marsal Family Foundation
M. Melnick & Co.
Bob Miller & Rochelle Lieber-Miller
Mills Family Foundation
National Maintenance Supply
Richard Nightingale
Cesar Pereira
Theresa D. Perl
J. Brian Peters
Petrocelli Financial Services
Marc Pintel
Andrew & Andrea Potash
Price Family Foundation
Richard Rakow
Regal Pest Management, Inc.
BACKERS - $5,000-9,999
Anonymous
Benchmark Title Agency, LLC.
BJ’s Charitable Foundation
Finish Line Youth Foundation
Jesse & Maris Krasnow
Enzo Leva
Readers Digest Association
Robin Ishmael
Robert Petrocelli
James Stern
TD Charitable Foundation
Urban Architectural Initiatives
WithumSmith + Brown
Charles & Judith Weinberg
The Westchester Bank
Whole Foods Market
Anjali & Arun Soni
T&A Electric
UJA-Federation of New York
United Healthcare Services, Inc.
Steve Wolff
Valley Oil Company
Frank & Patricia Vitelli
Webster Bank
Zeitz Foundation
Todd Kantor
Lee Lasberg
Leviticus Fund
Magnus Magnusson
MapleLeaf Landscaping
Mr. & Mrs. Michael Margulies
Kevin McAuliffe
McCullough Goldberg & Staudt, LLP.
O'Connor Davies, LLP.
Olive Branch Consulting, LTD.
DONORS - $500-999
Pouder Design Group, P.C.
Raymond James
Ruband Contracting Corp.
Karen Ruddy
Sani-Pro Disposal Services Corp
Scarsdale Congregational Church
Kenneth & Tarja Settles
Alan Shvetz
Sisca Northeast, Inc.
Brian Sullivan
Treacy Sayres
Ricardo Torres
Rocco Totino
Yonkers Police Captains, Lieutenants,
and Sergeants Association
Zanick Two, LLC.
Associated Pension Consultants, Inc.
The Bank Of TokyoMitsubishi UFJ, LTD.
Nan Beer
Neil Bernstein
Bice & Jack Carosi
The Charles & Lynn Kramer Family
Foundation
Jeff Chu
Jim Coughlin
Richard Cuccia
Stefano Delano
Global Energy Marketing
Donald & Millie Kellogg
EK Hospitality Service
Brian Gibney & Joanne Kanaval
Todd Gordon & Susan Feder
Hitachi America, LTD.
The Hitachi Foundation
James M. Coogan Foundation
JDC Partners, LLC.
2013 FINANCIALS
SOURCES OF REVENUE
CONSOLIDATED
TOTAL
The 2013 audited financial statements
present the financial results of Westhab and
its Low Income Housing Tax Credit affiliates
in accordance with GAAP.
Westhab has successfully completed our
fourth consecutive year with an operating
surplus, achieved through the effective
management of the organization’s portfolio
of housing and service programs, coupled
with the efficient operation of our administrative
functions. Temporarily restricted capital grant
revenue of $602,925 relates primarily to
housing developments in New Rochelle,
Greenburgh and Yonkers.
In July 2013, a workforce housing tax credit
rental building in Greenburgh was completed
increasing Property, Plant and Equipment by
$10,120,000. As a result of that completion,
in 2014 there was a reduction of $5,000,000
in short term debt. Property under development at the end of 2013 totaled more than
$10 million, which primarily represents four
projects under development, three in Yonkers
and one in the Bronx.
Westhab’s financial statements consolidate the activities of
the Tax Credit Entities because Westhab has a controlling
interest in them. In consolidation, all inter-company
transactions between Westhab and the Tax Credit Entities
are eliminated. This primarily includes developer fees,
management fees and investments. In addition, any surplus
or shortfall in the Tax Credit Entities is proportionately
shared between Westhab and the limited partner equity
investors in each project.
Consolidated Balance Sheet - December 31, 2013
■
■
■
Housing Income - 64%
Contracts for Service - 32%
$1,706,522
3,918,445
788,130
56,692,255
10,419,039
4,030,875
TOTAL ASSETS
77,555,266
Fees, Contributions
& Other Income - 2%
■
ASSETS
Cash
Receivables and Other Assets
Due from/Investment in Affiliates
Property, Plant and Equipment
Property under Development
Assets Restricted to Use
Capital Grants - 2%
PROGRAM EXPENSES
LIABILITIES
Lines of Credit
Trade and Other Current Payables
Notes and Other Long-Term Payables
9,505,000
10,926,791
23,487,575
TOTAL LIABILITIES
43,919,366
Limited Partners' Capital
12,544,248
NET ASSETS
Unrestricted
Temporarily Restricted
3,940,744
17,150,908
TOTAL NET ASSETS
21,091,652
TOTAL LIABILITIES AND NET ASSETS
■
■
■
■
$77,555,266
Housing & Services - 66%
Shelter Operations - 19%
Employment Services - 10%
Real Estate Development - 5%
For a copy of Westhab's complete audited financial
statements, please send your written request to
Westhab's Vice President of Finance, Patricia Vitelli,
Westhab, Inc., 8 Bashford Street, Yonkers, NY 10701
Statement of Activities - January 1 to December 31, 2013
UNRESTRICTED
TOTAL
TEMPORARILY
RESTRICTED
CONSOLIDATED
TOTAL
REVENUES
Housing Income
Contracts for Services
Fees, Contributions and Other Revenue
Capital Grants
Assets released from Restrictions
$15,854,186
7,856,660
148,489
0
1,079,145
$372,388
602,925
(1,079,145)
$15,854,186
7,856,660
520,877
602,925
0
TOTAL
24,938,480
(103,832)
24,834,648
EXPENSES
Program Services
General and Administrative
Fundraising
TOTAL
Change in Net Assets Before Depreciation
and Allocation to Limited Partners
23,059,133
1,504,267
11,807
23,059,133
1,504,267
11,807
24,575,207
24,575,207
363,273
(103,832)
259,441
Depreciation and Amortization
Change Attributable to Limited Partners
(1,985,591)
1,491,807
0
(1,985,591)
1,491,807
CHANGE IN NET ASSETS
($130,511)
($103,832)
($234,343)
THANKS BOB
After leading Westhab for 30 years, Bob Miller retired in early 2014. Bob
guided Westhab from our first building renovation in the early 80's to the
multi-faceted, expansive organization that Westhab has become. The entire
Westhab Community thanks and commends Bob for his leadership,
commitment to mission, and the tremendous impact that he's made in the
affordable housing and social service arenas.
8 Bashford Street, Yonkers, NY 10701
Phone: 914-345-2800 Fax: 914-376-5014
www.westhab.org