Home AFTER SO LONG 2018 ANNUAL REPORT Marie, a Plymouth resident MESSAGE FROM THE PLYMOUTH HOUSING CEO & THE BOARD PRESIDENT In January 2019, over 11,000 people were experiencing homelessness. Of these, thousands were single adults longtime Plymouth supporter Margaret Breen, experiencing chronic homelessness. These “that is both inhumane and very costly.” For the neighbors of ours have been living on the streets cost of three days in the hospital or three months for two, five, ten, even twenty or more years. in jail, Plymouth provides a person one full year Pause to think on that, on the hardships of having of housing and services. no fixed place to live for decades. How would you That’s why permanent supportive housing maintain hope and determination in the face of following Housing First practices is the such a challenge? What might you do to cope? compassionate, cost-effective solution to chronic Finding a home after homelessness is extremely homelessness. That’s why Plymouth is the hard. Renting an apartment comes with solution. many requirements—from a security deposit Plymouth’s track record is proof that we can end to government IDs to a solid rental history— chronic homelessness. Because the need is great, that those experiencing homelessness often we are launching an ambitious capital campaign cannot meet. For many of these neighbors, to build 800 more permanent, supportive homelessness becomes a self-perpetuating apartments in eight buildings. We hope you’ll join cycle, because even when they find a home, it’s us in celebrating this new chapter for Plymouth not the right home. Most live with disabilities, and, most importantly, for hundreds of our behavioral health disorders, and chronic medical neighbors enduring chronic homelessness. conditions. Some have been involved with the criminal justice system, and many are veterans Our residents have survived so much, and and seniors. In order to maintain a home, they they’re all vital members of our community. need support. Their strength, determination, and compassion for their neighbors inspires us every day. Thank While homeless, the needs of our most you for joining us in our shared commitment vulnerable neighbors are most often met by to provide them with homes, support, and the our civic emergency systems—jails, emergency chance to rebuild their lives. rooms, and temporary shelters. In the words of Sincerely, Paul Lambros Eleanor Moseley Pollnow Chief Executive Officer President, Board of Trustees 1 Values WE BELIEVE: • Every person has the right to a home. • Every person is valuable, with a unique story and journey. • Affordable housing requires responsible stewardship. • Cultural diversity and embracing difference are sources of strength. • Respect, trust, and compassion are integral to all interactions. Mission Plymouth Housing’s mission is to eliminate homelessness and address its causes by preserving, developing, and operating safe, quality, supportive housing and by providing adults experiencing homelessness with opportunities to stabilize and improve their lives. Vision Housing is just the beginning: the first step to building hope and transforming lives. We envision a day when every person has a home and a better quality of life. David, a Plymouth resident 2 99 14 BUILDINGS + 4 BUILDINGS IN DEVELOPMENT SOUTH LAKE 17 5 UNION 6 CAPITOL HILL 1 7 BELLTOWN 2 1,050 APARTMENTS + 400 5 APARTMENTS IN 3 DEVELOPMENT PIKE 8 PLACE 4 FIRST MARKET 9 HILL 10 16 DOWNTOWN 14 13 11 PIONEER 18 SQUARE 12 ELLIOTT BAY 15 SODO RAINIER VALLEY 1,082 RESIDENTS SERVED IN 2018 3 ARTM HOUS NTS AP EN EY E • F TME • Fir CE TS HR ir AR st LA • P st P & P Fi M & A B rs U C la H t H e O n T & . d G c U L R h D . a a O r A r e A C d M n S Y n L y 99 P SOUTH LAKE 1 2 3 5 UNION TMENTS • F ENIOR APA RTMENTS • AR irs S S RT PA Po P t & N M A n A O EN S tiu N B M s la IM T O n S S IA & T • L T S c E I h T IL h a N h o W r N i W m E d r A d L T a CAPITOL HILL & A s & P B N l a O n D c h G a N r d A L BELLTOWN 4 5 6 MENTS • PLACE • MENTS RT De M’S Th RT • Th PA nn O ird PA ird A y D & A & L & O V N L S i V E t IA rg O ir e V i D g W w L n D in L a i Y a A ia O r S t H PIKE C PLACE FIRST MARKET HILL 7 8 9 DOWNTOWN T APARTME MENTS • Fo ARTMENTS AR NT RT ur P • T W S PA th S A hi E • A & E rd T S M L & S e IC R c F a A C N o I r h n C io H O C e d A n r H . r & P T y T S U S t O e w M a Y r L PIONEER t P SQUARE ELLIOTT 10 11 12 T HILL N HOU HOUSI BAY FIRS • Se RSO SE IVE NG N ve DE • F RT • R O n N ir O a th A st P in H H P ie T & L U r U A il C l S & O h C R S e M E o r I Y r u L y N I t P h A SODO K R i 1 n g 0 OPENING 5 2020 RAINIER 13 14 15 VALLEY PROJECT HOUSING RTIVE HO N • M ER • 2 PO US TO a C nd P IN LS di ER & SU G Y so E • O n M M C 1 B & e 2 / & r U t D c R h B e N P & o N r O 2 S y S S I l & p s D t r o H u A c n T e 2 M BREAKING BREAKING 1 BREAKING GROUND GROUND GROUND 2020 2020 2021 16 17 18 4 1 2 3 2018 Year in Review 4. 15TH ANNUAL KEY TO HOPE LUNCHEON Dr. Sanjay Gupta motivated over 1,500 people at Plymouth’s inspiring fifteenth luncheon, which raised 1. SEATTLE DANCES 2018 a record-breaking $1.17 million. As Dr. Gupta said, Our ninth annual Seattle Dances gala reached the “Nothing happens well without a home,” and this stars! Thanks to our nine celebrity dancers and the luncheon helps us continue providing over 1,000 homes professionals of Century Ballroom, this event raised to our most vulnerable neighbors. an astounding $1.1 million for Plymouth’s mission. This event truly is glitz and glamour for a great cause! 5. BELLTOWN CRUSH At this end-of-summer block party, we celebrated the 2. PRIDE AT PLYMOUTH HOUSING Belltown community and Plymouth’s mission with great For the second year in a row, Plymouth staff and drinks, energizing music, and a wonderful crowd. In residents marched together in the Seattle Pride Parade. 2018, over 900 people attended this event and raised We’re proud of our LGTBQIA staff, residents, and more than $65,000. We love our neighbors! community members! 6. GROUNDBREAKING FOR 501 RAINIER 3. POP SOME TOPS In November 2018, we proudly broke ground on our Three cheers for the Promoters of Plymouth! 2018’s newest building. By the middle of 2020, we’ll be moving Old Hollywood Ball brought together 325 attendees people out of homelessness and into this new building and generated $130,000 for the mission. Raise a glass with commercial retail space, community rooms, and to these future leaders whose hearts are set on ending 105 studio apartments. homelessness! 4 5 6 5 2018 financial statements 2018 support + revenue OPERATING SUPPORT & REVENUE Residential Rents & Fees $9,918,658 Commercial Rents $1,242,912 Public Grants $16,986,852 Private Grants & Donations for Operations $3,912,548 Capital Campaign Revenue $7,767,550 TOTAL REVENUE $39,828,520 OPERATING EXPENSES PROGRAM SERVICES 25% | RESIDENTIAL RENTS & FEES Housing Management $11,409,196 3% | COMMERCIAL RENTS Social Services $16,211,361 43% | PUBLIC GRANTS Housing Development $680,426 SUPPORT SERVICES 10% | PRIVATE GRANTS & DONATIONS FOR OPERATIONS Administration $1,556,309 Fundraising & Community Relations $1,362,573 19% | CAPITAL CAMPAIGN REVENUE TOTAL EXPENSES $31,219,865 NET INCOME BEFORE DEPRECIATION * $8,608,655 CONSOLIDATED STATEMENT OF FINANCIAL POSITION ASSETS 2018 expenses Cash & Cash Equivalents $8,502,628 Restricted Cash & Pledges $17,671,558 Accounts Receivable & Prepaid Expense $1,846,812 Property, Equipment & Amortizable Assets $126,120,942 TOTAL ASSETS $154,141,940 LIABILITIES & EQUITY Accounts Payable & Resident Security Deposits Payable $4,141,939 Debt $83,744,597 Non-Controlling Interest $39,511,984 Net Assets $26,743,420 TOTAL LIABILITIES & NET ASSETS $154,141,940 37% | HOUSING MANAGEMENT 52% | SOCIAL SERVICES * Net income is largely earmarked for Plymouth’s capital campaign, 2% | HOUSING DEVELOPMENT including real estate development and rehabilitation projects. Audited financial statements are available upon request. 5% | ADMINISTRATION 4% | FUNDRAISING & COMMUNITY RELATIONS 6 THE CYCLE OF chronic homelessness Without a fixed place of residence, people Homelessness itself creates other traumas: become disconnected from regular meals, negative health impacts, extreme stress, medical care, safety, steady income, and social involvement with the criminal justice system, ties. Therefore, basic needs often become lower life expectancy, lack of self-worth, urgent crises met by expensive emergency and estrangement from friends, family, and services: hospitals, jails, temporary shelters.