Habitat for Humanity of Greater Los Angeles Annual Report FY2017 July 1, 2016–June 30, 2017 habitatla.org Habitat for Humanity of Greater Los Angeles Annual Report FY2017 Our Mission and Vision 1 July 1, 2016–June 30, 2017 Letter from the CEO 2 habitatla.org Strategic Plan 3 Campaign Breakdown 4 Financial Report 5 Volunteers 7 The Trejo Family 8 By the Numbers 9 Donors 11 Board of Directors 14 Legacy Society 14 Tributes 15 ReStore Donors 16 Cars for Homes Donors 17 Habitat for Humanity of Greater Los Angeles | FY17 Annual Report Los HumanityGreater of for Habitat MISSION Seeking to put God’s love into action, Habitat for Humanity brings people together to build homes, communities and hope. VISION Our vision is a world where everyone has a decent place to live. 1 Habitat for Humanity of Greater Los Angeles | FY17 Annual Report Los HumanityGreater of for Habitat Dear friends and supporters, Thank you for helping Habitat for Humanity of Greater Los life when they have a decent place to call home, where Angeles (Habitat LA) accomplish many milestones this year, they do not have to worry about the safety of their children, including building and repairing 82 homes, diverting almost where they have enough room to invite their family and 2 million pounds of materials from area landfills through our friends to visit, where they can build a strong foundation, is ReStores and engaging thousands of donors and volunteers simply amazing. The simple step of giving a family a hand in our mission. up to a better opportunity can be life changing. We are so proud to have been named for the third year in All of you have given back in your own unique way, and we a row in Los Angeles Business Journal’s top 25 residential thank each of you for your contributions and service to developers, recognized for the sixth consecutive time with support our work in Building a Greater Los Angeles. a 4-star Charity Navigator rating and named an Affiliate of Distinction for the third time by Habitat for Humanity International. But most importantly, we are proud of our work to empower families through housing solutions. All of us at Habitat LA believe in our vision that everyone should have a decent place to live. All too often, this basic human right is out of reach for families due to circumstances of income, special needs or Erin Rank William Blake unavailability of resources. The transformation in a family’s President and CEO Chairman of the Board 2 Habitat for Humanity of Greater Los Angeles | FY17 Annual Report Los HumanityGreater of for Habitat Strategic Plan Build Build Build Community Sector Societal Impact Impact Impact Serve 4,500 families in need Create housing opportunities for Mobilize 100,000 people to join the through sustainable construction 15,000 people through market cause of affordable housing. and housing support services. development and advocacy efforts. Build a Sustainable Organization Mobilize resources and steward them faithfully. 3 By 2020 Habitat LA will invest $100 million to make a transformational impact Campaign by helping families, revitalizing neighborhoods across Los Angeles, and Breakdown creating more access to affordable housing. $70 million Home Production Angeles | FY17 Annual Report Los HumanityGreater of for Habitat 1,000 homes will be built, renovated and repaired. $20 million Habitat LA Program Support Program funding will support education, job training, housing resources and a new ReStore. $10 million Social Investment Fund Expansion of our lending resources will provide additional mortgages, home improvement loans, down payment assistance and more to families seeking better housing opportunities. 4 Statement of Financial Position Statement of Activities As of June 30, 2017 July 1, 2016–June 30, 2017 Habitat for Humanity of Greater Los Angeles | FY17 Annual Report Los HumanityGreater of for Habitat Assets FY 2017 FY 2016 Support and Revenue FY 2017 FY 2016 Cash and Cash Equivalents $ 2,589,960 $ 2,080,309 Contributions $ 3,747,108 $ 3,665,635 Program Service Grants Receivable 549,244 - In-kind Contributions 976,685 863,899 Unconditional Promises to Give, Net 2,217,450 3,216,431 Sales of Homes 3,464,543 5,238,172 Mortgage Notes Receivable, Net 11,860,786 11,995,713 ReStore Sales 4,667,359 3,938,504 Prepaid Expenses 327,532 249,237 ReStore Value of Donations 4,668,007 3,940,381 Inventories 1,579,175 1,041,473 Government Grants 886,974 604,568 Construction in Process 8,482,601 7,966,705 Special Events, Net 584,627 621,992 Finished Homes Held for Sale 1,619,938 - Mortgage Loan Discount Amortization 920,918 652,889 Property & Equipment, Net 4,509,159 4,458,312 Other Income (Loss) 300,238 306,807 Deposits and other assets 621,400 541,963 Total Revenue, Gains and Other Support $ 20,216,459 $ 19,832,847 Total Assets $ 34,357,245 $ 31,550,143 Expenses Liabilities and Net Assets Cost of Homes Sold and Program Support 18,077,342 17,498,565 Bank Lines of Credit $ 1,188,275 $ 952,275 Fundraising 757,685 844,041 Accounts Payable 852,436 510,710 Management and General 852,886 922,455 Accrued Expenses 653,101 670,623 Total Expenses 19,687,913 19,265,061 Deposits and Impounds 74,076 47,900 Deferred Revenue 722,278 1,401,251 528,546 567,786 Change in Net Assets Capital Lease Obligations Payable $32,967 $6,928 19,175,010 18,607,224 Net Assets, Beginning of Year Notes Payable $11,130,556 $8,785,446 $ 19,703,556 $ 19,175,010 Net Assets, End of Year Restricted and Unrestricted Net Assets $19,703,554 $19,175,010 Total Liabilities and Net Assets $34,357,245 $31,550,143 5 Habitat for Humanity of Greater Los Angeles | FY17 Annual Report Los HumanityGreater of for Habitat FY2017 Use of Funds Sustainable Business Model July 1, 2016–June 30, 2017 Habitat for Humanity has created a self-sustaining business model consisting of partnerships with cities, Habitat LA is the proud recipient volunteer labor and donations of money and materials. of six consecutive 4-star ratings This allows Habitat LA to help low-income individuals from Charity Navigator for fiscal and families achieve strength, stability and self-reliance responsibility and transparency. through homeownership as active participants in building a better future for themselves and their families. 90.8% Program Expenses Purchase Families and land and volunteers 4.8% materials build homes Administrative Your Expenses donation Mortgage Habitat families payments are purchase reinvested homes 4.4% Fundraising Expenses 6 250+ Hours Bank of America Association (LABTA) Volunteers Carl R. Barnes Charitable Foundation Los Angeles Sparks Jesus Benitez Max de Brouwer Patrick Lynch Habitat LA is built on the strength of its William Blake Kurt K. Brennan Madewell Inc Daniel Burgner Brentwood Presbyterian Church Daniel Marten volunteers. Over the past year, Habitat James A. Cunningham S. Hugh Brown James B. McDaniel LA has engaged 6,833 volunteers Vicki D. Cunningham Bureau of Jewish Education of Stacy McDaniel with 110,687 volunteer hours donated. Edison International Greater Los Angeles Kim McManus EY Corporation Canyon Partners, LLC Palm Realty Boutique These are volunteers and organizations Greg Ferree CBRE Group, Inc. Pango Group who have generously donated 100+ Hilti Corporation Chief Petty Officers Mess Paradigm Talent Agency Angeles | FY17 Annual Report Los HumanityGreater of for Habitat hours of their time during the past year. Kabbalah Centre Los Angeles Christ Presbyterian Larry Paul Ruby Jones Church of Lakewood Matt Petersen Los Angeles Galaxy City of Montebello PPG Industries Los Angeles Kings Tom Clarke Producers Guild of America Los Angeles Mayor’s Office of Connexity Proskauer Rose LLP Veterans Affairs Corpus Christi Catholic Church Gregory D. Raasch John Manganiello CREXi Lori Raya Marriott International, Inc. Joe Davis RCLCO Foundation Mattel, Inc. David Diaz Resurrection Church Michelle Meghrouni The Employees Community Los Angeles Roger A. Metzler Fund of Boeing California Steven M. Rhodes MITT Legacy Leadership Entertainment Partners Melvin B. Richardson Development Program Farmers Insurance Group LeAnne Romesburg NBC Universal The Foundation for Tom K. Rooney 1000+ Hours Eric Remensperger Camp Bob Waldorf Marni I. Rosenzweig John N. Rosenthal Clarence T. Fung Craig Russell Raul Salinas Dwight S. Garbe Ryan K. Sakamoto Delta Air The Home Wells Fargo Douglas Smith General Hospital Fan Build Day Seyfarth Shaw LLP Lines Depot Foundation St. Cross by-the-Sea George Smith Partners Michael E. Sims Foundation Episcopal Church GiveBack Homes Social Gaming Network (SGN) Grifols St. Lawrence Martyr Goldman, Sachs & Co. Jonathan J. Spees Shared Lolita F. Catholic Church Habitat LA Catholic Coalition St. James Catholic Church Services Pizarro St. Monica Catholic Church Habitat LA Jewish Coalition Richard M. Stanger North US Coast Guard Station LA/LB Steven A. Hernandez Stanley Black & Decker Gonzalo Herrera Arroyo Stout Risius Ross America Inc. Jim J. Van Camp William S. Weisinger Ranjan Goswami John Sykes Alan Wright Terri Haack Tarte Cosmetics Zurich North America Dimitri Hunt Temple Israel Long Beach Marc Hyman Thrivent Financial IMAX Corporation Troy Thrower 100+ Hours Interreligious Council of Matt Tickle 500+ Hours Bilal Abdulhasan Southern California Transamerica Insurance & Matthew J. Alexander Derrell M. Jenkins Investment Group Ian Altares Bob Johnson University of Pennsylvania Alexandria Sarah E. Susan A. Altisource Carl Jordan Alumni Real DelMedico Hunt American Association of Journey of Faith Roxana Vargas Airport Executives Estate Thomas F. Kafka Leo Vasquez Robert H. Anderson Equities, Inc. David L. Lowe’s Eva Kalawski Ken Walker Dave Anderson Gardner Companies, Kin Community Jeff Warner Apple Walter Inc. KPFF Consulting Engineers William Morris Endeavor Arixa Capital Advisors, LLC Burchard Martin Jim M. Lee Entertainment Automatic Data Processing, Inc.