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Annual Report Annual Report PreviousPrevious NextNext 35 36 35 36 i 1 2i 13 24 35 46 57 68 79 108 119 1012 1113 1214 1315 1416 1517 1618 1719 18201921 2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 i 1i 21 32 43 54 Annual65 76 87 98 10 9 Report1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 2010 From the Board Chairman and Chief Executive Officer Dear Friends, With challenges come opportunities… and over the last year, NeighborWorks America and our network have seized those opportunities. NeighborWorks America Annual Report 2010 Table of Contents It could have been a different story. The need to assist families and individuals has never been greater, but with the help of our partners, we responded on many fronts. And, at the same time, we have focused on a brighter future and 1 Letter from the CEO and Board Chairman continued to help families across the country create affordable housing opportunities. 2 A Tribute to Kennneth D. Wade In 2010, NeighborWorks supported our network of more than 235 local and regional nonprofit organizations that 5 About NeighborWorks America deliver sustainable homes on the ground and create strong communities every day. NeighborWorks America and our network generated $3.03 billion in public and private investments, and assisted 270,000 low- and moderate-income 6 Affirming Our Approach families with their housing needs. 11 Strengthening Communities Previous 13 Engaging in Community ChangeNext We are proud of our preeminent training courses that awarded trainingPreviousPrevious certificates in 2010 on subjects ranging NextNext from stabilizing communities to building more energy efficient and healthier homes to 14,000 professionals in 3,000 16 Responding to Changing Markets nonprofits and municipalities across the nation. 19 Sharing Solutions Through the National Foreclosure Mitigation Counseling Program, we continued to provide counseling to thousands 20 2010 Donors of homeowners at risk of foreclosure, and a new independent study showed that homeowners who receive counseling 26 NeighborWorks America Districts and Organizations are 70 percent more likely to avoid losing their homes to foreclosure than those who do not receive such help. Since the program’s inception, we have assisted more than 1 million families. 31 Financial Summary 32 Officers and Directors Previous NeighborWorks remains committed to working with ourNext many partners, including more than 1,300 local and national foreclosure intervention counseling agencies, to assist families and communities to recover from the foreclosure crisis. We would also like to acknowledge Ken Wade for his dedication and commitment to NeighborWorks America’s mission and vision as CEO from 2004 to 2010. In closing, we would like to thank all of our partners who help make this critical work possible. With your help, we 35 36 continue to stabilize communities while working toward a future of American communities all are proud to call home. 35 36 35 36 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 i 1 2i 13 24 35 46 57 68 79 108 119 1012 1113 1214 1315 1416 1517 1618 1719 18201921 2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 Previous Next The Honorable Thomas J. Curry Eileen M. Fitzgerald Cover: (Top Left) Cabrillo, CA, Cabrillo Economic Development Corporation; i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Chairman,35 36 NeighborWorks Americai 1 iBoard21 of Directors32 43 54 65 7Chief6 8Executive7 98 Officer109 1110 1211 1312 1413 1514 1615 1716 1817 1918 2019 2120 2221 2322 2423 2524 2625 2726 2827 2928 3029 3130 3231 3332 3433 3534 3635 36 (Right) Waco, TX, NeighborWorks Waco; (Bottom Left) Washington, DC, Manna, Inc. Director, FDIC NeighborWorks America 35 36 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 1 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 A Tribute to Kenneth D. Wade Previous Next PreviousPrevious NextNext After joining NeighborWorks America in 1990, Ken Wade served as New England District Director and Director of National Initiatives and Applied Research before being appointed CEO in 2004. He left the corporation in December 2010 to become Senior Community Affairs Executive at Bank of America. NeighborWorks America has benefited greatly from Ken’s leadership over his 21-year tenure, especially through the recent challenging economic period. Ken fostered a performance-based culture at NeighborWorks and always emphasized efficiency and effectiveness while bringing a boots-on-the-ground, grassroots perspective to his work. In addition to his highly visible roles in promoting responsible homeownership, foreclosure and Previous Next rescue scam prevention, he also led NeighborWorks to address a host of challenging issues, including access to capital, the growth of our training institutes and responding to Hurricane Katrina. He also challenged NeighborWorks and its network to adopt a strong commitment to green and sustainable communities. His leadership has been critical to NeighborWorks America’s growth and impact across the country. We will miss him. 35 36 35 36 35 36 We wish Ken the best in his career and know he will continue to make a difference. NeighborWorks America salutes Ken Wade for his extraordinary efforts i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30which31 will32 33 pave34 the way for a brighter future to come. i 1 2i 13 24 35 46 57 68 79 108 119 1012 1113 1214 1315 1416 1517 1618 1719 18201921 2022 2123 2224 2325 2426 2527 2628 2729 2830 2931 3032 3133 3234 33 34 Previous Next i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 35 36 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 2 3 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 i 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Our Mission To create opportunities for people to live in affordable homes, improve their lives and strengthen their communities. Our Vision Through NeighborWorks and its partners, America is a nation of vibrant communities all are proud to call home. About NeighborWorks America Previous Next NeighborWorks America was founded in 1978 on the premise that the Previousmost powerfulPrevious NextNext way to transform communities is through strong partnerships that engage the public and private sectors with the residents of those communities. For three decades we have followed this principle. NeighborWorks America is a leader in affordable housing and community development, trusted by government and business to address national, regional and local challenges- through innovative, flexible and efficient approaches. Many of our community-focused programs and services are delivered through 237 independent, community-based nonprofit organizations that make up the national NeighborWorks network. These chartered Previous member organizations serve more than 4,500 suburban, Nexturban and rural communities nationwide. NeighborWorks members own or manage 80,000 affordable rental units and last year assisted 270,000 families with their housing needs. NeighborWorks America is the leading trainer and certifier in the nonprofit community development field. NeighborWorks America provides training and education annually for upwards of 13,000 community development and housing professionals, representing over 3,600 community development organizations and municipalities nationwide. 35 36 35 36 35 36 NeighborWorks America is a nationally recognized leader in the fight against foreclosures.
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