Creating Homes, 30 Years On
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Creating Homes, 30 Years On... St George Community Housing Limited Annual Report 2015 SGCH is a Tier One Community Housing Provider (CHP) renowned for its ability to deliver on its vision of “better lives, stronger communities through affordable, quality housing”. In our 30th year of operation, SGCH has cemented its reputation as a leading CHP, by demonstrating an enduring commitment to customer service and maintaining a steadfast focus on delivering innovative Social and Affordable Housing solutions. In addition to our core housing services, SGCH partners with government agencies, support partners and other organisations to provide a range of training, education, employment and community engagement opportunities for our tenants. In 2015, SGCH provided homes to over 8,300 people in 4,300 homes, resulting in it being recognised as one of Australia’s largest CHPs. While we now operate in 24 local government areas across metropolitan Sydney, our head office remains in the St George heartland – our place of origin. We acknowledge the traditional owners of this land, the Biddegal clan of the Eora nation. 2 SGCH Annual Report 2015 SGCH Annual Report 2015 3 Contents Chair’s Report 6 Our Properties 48 CEO Report 8 Pipeline Properties 50 Our Achievements 10 Affordable Housing 52 Awards and Recognition 12 Developments Scheduled for Completion in 2017 57 In the Media 13 Improving Environmental Outcomes 58 SGCH Outcomes: How we’ve Helped in 2014/2015 14 Improving Outcomes for Local Communities 62 Corporate Developments 16 Our Team 66 Our Tenants 20 Farewell Nazha 70 Tenant Satisfaction Survey Results 22 Directors’ Report 76 Tenant Advisory Group 24 Discussion and Analysis of the Summary Financial Statements 88 Supporting our Tenants 26 Summary Consolidated Statement of Profit or Loss Our Partners 28 and Other Comprehensive Income 89 Connect 5 , Initiatives for Aboriginal People 32 Summary Consolidated Statement of Financial Position 90 Initiatives for Youth 34 Summary Consolidated Statement of Changes in Equity 91 Initiatives for Seniors 38 Summary Consolidated Statement of Cash Flows 92 Initiatives for People with Disability 40 Notes to the Summary Financial Statements 93 Initiatives for Families 42 Directors’ Declaration 95 Homelessness Initiatives 44 Independent Auditors Report 96 4 SGCH Annual Report 2015 Our Vision Better lives, stronger communities through affordable, quality housing. Our Purpose To provide social and economic opportunities through secure, affordable and sensitively managed housing for people on low and moderate incomes. Our Values Our Performance Support Our Strategic Plan evolves every year and is treated as a living document by the Board, executive and SGCH staff. A business environment that is caring and provides This process ensures we appropriately focus our priorities support and encouragement to everyone involved in the and direction for the next three years whilst adapting to management, delivery and use of our services. the reality of an ever changing environment. Accountability From 2015-2018, we will have four key result areas that drive our performance: Being transparent and accountable to our stakeholders for our actions and decisions, and being collectively and Customer Focus individually professional in the way we conduct our business. Customer priorities, satisfaction and impact Respect Sustainable Business For the unique contribution of our staff and partners, Operational excellence, efficiency and scalability and for clients, whatever their circumstances, as well as a willingness to listen to and gain understanding of others. Leadership Integrity Reputation, brand positioning, influence and growth Being honest, open and appropriate in our People & Organisational Culture communications with others, understanding and meeting Alignment and performance our governance and management responsibilities. Strategic Directions Our customers are at the heart of everything we do. We will continue to appropriately balance mission We will continue to lead and innovate, maintaining and margin. We will build social capital and cultivate our personalised approach to customer service. We thriving communities. aim to be the best at the things that matter most to our customers. SGCH Annual Report 2015 5 Chair’s Report After 30 years of operation, at SGCH, we fully accept that change is a constant. While we knew that this year would be bigger than ever as we celebrated our 30th anniversary, none of us could have foreseen the significant changes we would face in 2015. In April, our Chief Executive Officer, It is a testament to the way Nazha On that note, I am pleased to say Nazha Saad began extended leave empowered and championed her that after completion of our 2015 after receiving a diagnosis of cancer. team that in her absence, SGCH Tenant Satisfaction Survey, our Understandably, this news came as a continued to do exactly as she had overall tenant satisfaction rating huge shock and we found ourselves asked and expected – that is, increased from 79% in 2013 to 84% - personally and collectively grieving, continued with business as usual - the highest overall tenant satisfaction missing the presence of our delivering high quality housing rating since 2011. In addition, our formidable leader and dearly loved solutions and services to our 2015 Staff Satisfaction and friend. tenants, and achieving excellent Engagement Survey saw us achieve results across the board. an engagement score of 80% and an Since July 2007, Nazha has led our overall satisfaction rating of 86% - our organisation in an exceptional As challenging as it has been, it has highest satisfaction score to date. manner and achieved phenomenal been a successful financial year. results - growing the organisation During 2014/2015 we achieved an The efforts of our organisation were three-fold, and expanding our operating surplus of $10.4M (2014: recognised with a number of awards property portfolio from around $7.2M) and our 1,429 owned this year. A highlight for us was 1,300 properties to over 4,300 today, properties increased in value by receiving The Community Sector housing over 8,300 people. $55.5M. We ended the year with a Banking Housing Impact Award for healthy cash position of $35.9M For the team at SGCH however, the work of our Sustainable (2014: $28.3M) and enhanced costs Tenancies team and the development Nazha has done so much more than to rental income ratios. that. She has built, nurtured and led of our Vulnerability Assessment Tool. an incredibly strong culture and To ensure SGCH continues to deliver The tool allows us to respond quickly invested in SGCH’s future leaders. on our strategic objectives around to the many complex needs tenants Her vision, passion, leadership and customer focus, business growth may have and fix issues before they determination have made an and sustainability, we completed a affect a tenant’s wellbeing or health. indelible and invaluable impact on review of SGCH’s organisational Another personal highlight for me our organisation, as well as on each structure and made some changes. was attending the celebration of our of us personally. This included establishing a new inaugural Affordable Housing Customer Service Division to ensure development at Belmont Street, Nazha is like none other – she is that we are consistently delivering Sutherland in August. This incredibly intelligent and focused, the best possible customer service development was made possible unceasing in her determination, and to our tenants and applicants. unparalleled in her ability to achieve from the $61 million debt facility that social outcomes through effective We also established a Group SGCH secured in 2014 from Westpac. business and commercial practices. Business Initiatives Division to focus Stakeholders from government, For all her brilliance, her heart for on future business growth, business industry bodies and private business others is what truly characterises excellence and improvement. We are gathered with us in hard hats on the her. She has never lost sight of who confident that these changes will Sutherland construction site to we are, why we do it and the position us for further success and celebrate our shared vision of more privilege that it is to serve. better outcomes for our customers. affordable housing coming to fruition. 6 SGCH Annual Report 2015 Our overall tenant satisfaction rating Another focus for us was the founding member, with fewer than In August 2015, we were saddened establishment of SGCH 25 properties in our portfolio and to announce her official resignation Sustainability, our new subsidiary only two staff. It has been an as CEO. To say that she will be company that will deliver projects absolute pleasure to celebrate the sorely missed is a gross to increase energy efficiencies and history and success of our understatement. We can however reduce our carbon footprint. In organisation on many occasions this take heart that a strong, September we announced that year; at our Senior’s ‘Golden Age of passionate, high-achieving team SGCH tenants would benefit from a Cinema’ event at George St will remain her legacy, and we $60 million finance deal with the Cinemas; our ‘Super Special Big Day thank her for that. Clean Energy Finance Corporation Out’ at Madame Tussauds, WILD (CEFC) to build new energy-efficient LIFE Sydney Zoo and SEA LIFE Let me close by also thanking Affordable and Social Housing Sydney Aquarium; our ‘Staff Shindig’ Trevor Wetmore, who has been dwellings. This is an Australian first. event at Centennial Park and our acting as CEO since Nazha began Not only will these energy-efficient ‘30th Anniversary Celebration’ at her leave. This was no mean feat dwellings result in savings for our NSW Parliament House. It certainly and we thank Trevor and the tenants on their energy bills, they has been a big year! executive team for their leadership will also reduce our operational and commitment to our costs - meaning that at the end of In closing, I would like to take this organisation through such a the day we will have more money to opportunity to thank my fellow difficult time.