FY22 Annual Report

An202n1-u20a22l Report HOUSINGUNLIMITED.ORG HOUSING UNLIMITED INC



Board President Sheila Mason-Henry I am humbled to serve on the Housing Unlimited Board and truly honored to have been elected as President for the October 2022 – 2023 term. I am very grateful to outgoing President Janis Smith for her steady and wise leadership during this very difficult pandemic period. As we emerge from this challenging time, I am confident that Housing Unlimited will continue to make strides in reducing homelessness and combatting stigma as it relates to mental health. With over 200 individuals on our waiting list, we are in a hurry to expand our reach. Housing Unlimited is poised to purchase four new homes over the next 12 months. I am excited to report that three of the homes are already under contract. These three homes are new construction townhomes that we will purchase through Montgomery County’s Moderately Priced Dwelling Unit (MPDU) Program. With these three MPDU acquisitions, we will serve a total of 239 tenants in 87 scattered-site homes in Montgomery County. After the purchase and occupancy of our homes, we must maintain them in good repair as well as support our tenants in their quest for independence and dignity. To ensure that Housing Unlimited may continue this work long into the future and no matter what challenges may lie ahead, we have established a Legacy Society. I know that many of you have been contributing to Housing Unlimited for years. I hope you will join our board members and others in the community who have become members of Housing Unlimited’s Legacy Society. Many have already pledged legacy support through bequests and other avenues. I invite you to consider joining me by creating your own legacy gift. For more information, you can reach out to our CEO, Abe Schuchman, or find information on our website: www.housingunlimited.org/planned-gifts I thank you in advance for investing in our mission and I pledge that we will communicate with you throughout the year about our work and progress. To this end, we recently revamped our website with new videos, photos, podcasts, and expanded information for the public and potential applicants for our housing. Please check our website periodically as we intend to post new information and updates regularly. As stated earlier, I am proud to serve at the helm of the Housing Unlimited Board of Directors. It’s an honor to be a member of such a dedicated group of Board members, a group made stronger by Housing Unlimited’s commitment to diversity and inclusion. At both the Board and staff levels, we celebrate our racial and gender diversity as well as our outreach and inclusion of individuals with lived experience. Board. Staff. Tenants. Community supporters. Let’s continue this GREAT work together. Kind regards, Sheila Mason-Henry President, Board of Directors Housing Unlimited www.housingunlimited.org • 1

Housing Unlimited Overview Housing Unlimited provides affordable, We encourage our tenants to succeed in independent housing for adults in mental health their independence by providing concrete recovery in Montgomery County. Four out of every incentives such as rent credits for getting involved in the community. We also provide paid intern opportunities so 10 new Housing Unlimited tenants are formerly that tenants can gain work experience. homeless individuals. Many of the people that we serve come to Housing Unlimited from homeless shelters, supervised residential The organization promotes independence and recovery programs, or the homes of their aging parents. With more by providing a stable and comfortable home. With the than 200 people on our waiting list, Housing Unlimited security of knowing that their housing is secure, our must continue acquiring new homes to meet the needs tenants can focus on becoming valued and integrated of adults in mental health recovery who are seeking a members of the community. permanent, affordable, and independent place to live. We can’t grow fast enough to meet the increasing needs of We provide shared housing - three bedroom townhouses the community. However, this coming year, we intend and two bedroom condominiums - and rent them at below- to purchase at least four new homes located near public market rates to qualified individuals. Rent is computed on transportation, employment, shopping, and support services. a sliding scale based on income and is capped to encourage employment and maintain a sense a security. Tenants are responsible for their own health, finances, interpersonal relationships, and maintaining a clean home. 4/10 84 15 Four out of every Homes Paid internships for ten new Housing Unlimited tenants each year tenants are formerly  “I used to help the homeless and run a shelter in homeless individuals. Jackson, Mississippi, so it was something I never saw myself as becoming. Thanks to Housing Unlimited, 230 I’m not going to be out on the street.” Tenants — Housing Unlimited Tenant, Cheryl Goers 22 • 2021-22 Annual Report

Board of Directors Vice Treasurer Peter Kimbis, Independent Johnnie Mae Armstrong Fundraising Consultant President Emerita Secretary Nancy Y. Cohen Tim Kitt, Freddie Mac Napatr Meer Board Members President Garth Bastian, The Whiting-Turner Ali Munzipapa, CohnReznick LLP Sheila Mason Henry, Otsuka Contracting Co. Alexis Peters, Shulman Rogers America Pharmaceutical, Inc. Sunita Benson-Agwu, PEPCO Audralina Sherman, MC Coalition Vice President for the Homeless John Pierce, Themis PLLC Michael Jaquith, M&T Bank Treasurer Michael Smith, PNC Wealth Management Advisory Board Rita Mhley, Mhley/Davis & Janis L. Smith, Immediate Past Associates Inc. President of Housing Unlimited Tat-Lin Angus, Exelon Montgomery County Public Schools Carmela Boncore-Singer John R Orrick, Jr., Esq., Offit Kurman Rosemary Dircks Lauren Spiro, M.A., National Coalition Lynne Iadarola, RA, Archeus Studio Russell Phillips, CPA, CohnReznick LLP for Mental Health Recovery Senator Laurence Levitan, Esq. Edward L. Lublin, Blank Rome Elias Rizkallah, Capital One Bank Miriam Yarmolinsky, Peer Wellness & Brian M. McLaughlin, Bank of America Recovery Services, Inc. Catherine F. Scott, Professor Emerita, Montgomery College Sta /Consultants Program Associates Consultants Nina Blecher Chief Executive O cer Dasun Chamara Development: Heidi Webb, Abe M. Schuchman, Esq. Bianca Fryer GreenKite Fundraising Ian Jackson Chief Operating O cer Stephanie Joseph Accounting: William Musto, Aaron Fenster Deborah Kellermann Lescault & Walderman Diane Nowak Director of Property Development Adam Pinchuck Housing Unlimited Tenants Council: Lisa Y. Cook Reginald Rainard Miriam Yarmolinsky, Peer Wellness Daisy Thompson & Recovery Services, Inc. Director of O ce Operations Rebecca Meade Director of Property Management Tiffany Lamin Property Managers Jerry Clark Lily Dunn Board, Advisory Board and Staff as of October 10, 2022 Corporate Affiliations Are for Purposes of Identification Only www.housingunlimited.org • 3

Meet the Pierce Family If there was ever a moment in your life which left right.” She and her family fled Iran for the U.S. two years later just before the revolution. you doubting if there is good in the world, let those Doing what is right is also embedded into John’s DNA. He doubts linger no longer. Allow us to introduce you grew up in West Lafayette, Indiana, one of eight children in a devoutly Catholic family. He says, “My parents always to the Pierce family. put another plate at the table. They lived by the creed of doing unto others as you would have them do unto you.” At the helm of this family are John and Roxana Pierce, longtime residents of Montgomery County, Maryland, John’s parents felt strongly about education as a means for and proud parents of two smart and successful daughters. a better life, and getting a college degree was of the utmost Amanda, their oldest daughter, is a graduate of the importance. He explains, “Education is what puts everyone University of Michigan and is now employed as a civil on the same playing field.” engineer at Clark Construction. Roxana lights up when she shares how Amanda is leading a team working on the new John serves on the Board of Housing Unlimited and Amazon headquarters building in Virginia. Natalie, their recently assumed the role of Vice President of the Board. youngest, is a sophomore at the University of Michigan. John is also an active member of the Welcome Home As a teen she served on the teen board of a local nonprofit. Celebration Committee ensuring the success of Housing Both young women have grown up volunteering and Unlimited’s annual signature fundraiser. Roxana is on the donating to a range of causes, including pitching in for Advisory Board of the McDonough International Business fundraisers supporting cancer research, in large part to School at Georgetown University and was an active parent honor Roxana who is a breast cancer survivor. volunteer when her kids were in school. Roxana also volunteers and serves on various committees for nonprofits Roxana was born in Iran. She remembers her first experience in the metro Washington, DC area. with the joy of giving when she was eight years old and her father gave money to a homeless person in Spain. She was In their professional work, John and Roxana have struck at that young age by the look on the man’s face and witnessed more fraud and deceit than they care to rehash. how much it meant to him. “I remember that my father said There is no dearth of bad actors day in and day out in something to the man and then handed him some money. I their jobs. However, their volunteer service on nonprofit did not understand a word that either of them said because Boards allows them to grab their rose-colored glasses at the time I only knew Farsi. But the way this man looked and look at life through the lens that shows people as at my dad said everything I needed to hear. This man gave intrinsically good. They feel extremely fortunate that 12 my father a look of gratitude I had never seen before. I could years ago a business client came to them with a special tell that he felt ‘seen’ by my father. My dad never spoke of request. Could they create a vehicle for his family to it; he just took action that day upon an urge to do what was “My parents always put another plate at the table. They lived by the creed of doing unto others as you would have them do unto you.” – John Pierce 4 • 2021-22 Annual Report

make anonymous donations to individuals in need in the donor. John and Roxana feel extremely blessed to have been community? Their client was motivated by the Jewish entrusted with carrying out this mission for a family living philosopher Maimonides who famously articulated a up to an ideal that is more than 1000 years old, and they hierarchy of ethical charitable giving. At the top was would like to assist anyone else who wants to set up their anonymous giving to anonymous recipients, which own organization to give anonymously. Maimonides wrote maintained the greatest amount of dignity for giver and receiver. Through their work with The Invisible Hand, John and Roxana have also had the good fortune of teaming with The first anonymous gift that their client wanted to give other nonprofits in the area, such as Housing Unlimited, was a car to a Washington Nationals vendor who had saved to jump in with resources that the other nonprofit does a child who was choking while everyone around the child not have for a particular person with a particular need. was distracted by the game. This local hero was taking John and Roxana are thrilled to contribute to the worthy buses to and from his three jobs every day. A car would cause of Housing Unlimited, which carries out a crucially make the rigors of his daily routine more palatable. John important mission to serve those in mental health recovery and Roxana arranged for the anonymous gift of a car to the with their most vital need: a roof over their heads. John gentleman and that first inspiration eventually blossomed and Roxana feel strongly that Housing Unlimited’s selfless into The Invisible Hand Foundation. The mission of The and tireless work of serving this community addresses a Invisible Hand is to boost people over obstacles and enable fundamental yet needless obstacle. them to move forward with their lives. The board members and staff at Housing Unlimited have a Over the last twelve years The Invisible Hand has helped deep respect for John and Roxana and their example of true thousands of people, primarily young and primarily in humanitarianism. the DMV metro area, all financed by a single anonymous “I could tell that he felt ‘seen’ by my father. My dad never spoke of it; he just took action that day upon an urge to do what was right.” – Roxana Pierce www.housingunlimited.org • 5

Meet Housing Unlimited's Tenants Council Housing Unlimited provides many opportunities Along the way, HUI Tenants Council participants learn valuable organizational development skills and build bonds for individuals in mental health recovery to be of friendship and camaraderie. Officers receive leadership training on topics ranging from meeting management to successful tenants and contributing members of program development to volunteer recruitment. Angie Foster, a current Council member and former Council a shared living community. One of the ways we President, shares, “I like being able to meet with other members of Housing Unlimited to discuss common issues do this is through the Housing Unlimited Tenants as well as the many things we enjoy about being a part of this organization. I look forward to getting more involved Council which fosters leadership development, peer now that Covid-19 is coming more under control.” support, and networking. For many HUI tenants, service on the Council is an opportunity to give back to the community. Council The Housing Unlimited Tenants Council is led by member Camila Rozier sums it up this way: “One thing elected members of the Housing Unlimited (HUI) tenant that encouraged me to join is that I always wanted to be a community. Throughout the year, the Council plans get part of a team that made some kind of change.” togethers and activities for the HUI tenant community. One month it may host a picnic in Wheaton Park. The Standing together with their fellow tenants. One Council next month it may be a visit to the Phillips Collection event at a time. Camila and Angie and our other Council in Washington, DC. The following month it may be a leaders are indeed building community and creating change. luncheon with HUI staff to discuss issues of concern to the HUI tenant community. \"I like being able to meet with other members of Housing Unlimited to discuss common issues as well as the many things we enjoy about being a part of this organization. I look forward to getting more involved now that Covid-19 is coming more under control.\" — Angie Foster, Tenants Council Member 6 • 2021-22 Annual Report

Donors Donations between 9/1/21 - 8/31/22. Leaders $10,000+ Edward and Janet Lublin Pettit Family Charitable Foundation Maryland State Government The Robert M. Minkoff Foundation Anonymous Montgomery County Government Truist The Morris & Gwendolyn Cafritz Foundation Wells Fargo Foundation Capital One Otsuka America Pharmaceutical, Inc William S. Abell Foundation, Inc. Clark-Winchcole Foundation Nancy Y. and Martin Cohen John Edward Fowler Memorial Foundation Sustainers $5,000-$9,999 The Home Builders Care Foundation PNC Bank, Community The Invisible Hand Foundation, Inc. Development Banking CareFirst BlueCross BlueShield The M&T Charitable Foundation Pepco: An Exelon Company Nicole Urbanski City of Rockville The Phase Foundation Douglas Young The David and Mikel Blair Family Foundation Ellen and Bernard Young Rosemary Dircks Catherine Green Platinum $1,000- $4,999 Elisa Hartman and Peter Kazanzides Catherine Scott Tania Hernandez-Andersen and Blake Holden Shulman, Rogers, Gandal, Pordy & Ecker, P.A. Tat-Lin and Shane Angus Steven Horowitz and Michelle Adato Kate and Mark Simon Colonel and Johnnie Mae Armstrong Inter-Faith Chapel Missions Committee Spectrum Science Carpet and Vacuum Expo Kelley Drye & Warren LLP Stein Sperling Bennett De Jong Driscoll PC Champlain Investment Partners Patrick Lacefield and Dinah Leventhal TD Bank Chevy Chase Trust Maryland Department of Housing and Michael and Linda Trageser Ed Cohen Village Settlements, Inc CohnReznick Community Development Walmart Supercenter Melissa Crow and Victor Katz Doug and Mary Beth McDaniel Heidi Webb Denchfield Landscaping, Inc. Patrice McDermott Whiting-Turner Virginia and Lowell Denning Russ and Leila Phillips Whole Foods Kevin Dwyer and Eileen Weiner-Dwyer R4 Capital LLC Ann Wild Kate Epstein and Ethan Handelman Emma Rainard Stuart and Angela Wilkinson FCP Victor Ratner Winmar Construction Marcy Fisher Richard Ridge and Gina Vitale Michael Witt Forbright Bank Sally Rudney and Scott Hoekman GAC Services Jeff Schwaber and Liz Schrayer Georgetown Insurance Service, Inc. Gold $500-$999 Jay Goldman and Rebecca Salon The Meridian Group Annie and David Greenblum Elwood Miller William Amatruda Harkins Builders, Inc. Valerie Price Stephen and Jane Anderson Daniel Hayden and Begona Vazquez Shira and Ari Reeves Amy Brown Ellen and Arnold Hoffman Dave Rossmeisl David Brown Benjamin Hofheimer III Donald Sperling Susan Cutler Doug and Holly Kammerer Paul Turkeltaub Barbara Delaney Timothy and Cheryl Kitt Brian Wilmot Thomas Dickey Brian Kux and Kimberly Bayard Mr. and Mrs. Timothy Falls Napatr and Adel Meer Erika Friedmann Pamela J Gibson Silver $250-$499 Jamie and Charnene Freeny Isiah and Catherine Leggett Tom Frolick and Sarah Gardner Leon and Caroline Levenson Ace Construction Michael and Lynn Greis Laurence and Barbara Levitan Michael Jaquith Burt and Linda Liebowitz Janet and Cyrus Ansary Peter Kimbis Joshua Neirman Raymond Crowel Samuel and Nikki Forry Guila Franklin Siegel and Nathan Siegel www.housingunlimited.org • 7

Donors Donations between 9/1/21 - 8/31/22. Silver $250-$499, continued Craig Rice Harriet Shay David Rodgers and Carol Schatz Jenelle and Dan Sullivan Richard and Nancy Nelson Rolando Santiago Lauren and Milton Wakschlag Marjorie Shannon Kathleen Wallace Roger Paden and Valerie Barr Annette Rauh Glenn and Julia Phillips Rachel Ritvo Linda Roswell Ann Pupjak Anne Ryan Beth Salcedo Bronze $100-$249 Jamie Hennelly Midge Sanford and Peter Broderick Stuart Hershey Philip and Rosa Schaenman Steven Aftergood Laurie Hofheimer Gerald and Ziva Schuchman Tad Baldwin I.J. and Janice Hudson Lori Scott Garth Bastian Michael Hutcheson Pamela Silberman Ted Benjamin Clive Ian Jackson Ira Sills and Marcia Zucker Norma and Donald Berlin Margaret Jaquith Wendy Silverman Milton and Mary Ann Berube Wayne Jaquith Romy Silverstein Nina Blecher and Mark Shuster Dona Jones Jackie Simon Carol Blimline Evelyn Joray Greg Smith Carmela Boncore Singer and James Boncore Ted and Gayle Kaplan Gail Spence Carol Brazen Tovah Kasdin and Alex Kasten John and Elizabeth Spencer Benjamin Brenner Sandra Kubalak Martin Spicer Samuel Buckner Sara Lacey Mary Staley John Caldwell Dede Leggin JD Teitelman Maureen and Christopher Carr Phyllis Lerner Patricia Tyson William Carrington Samantha Leveston Jeremy Veenstra-VanderWeele Chain Bridge Bank Krystal Lewis Shira Wakschlag Dorothee Chen Gloria Lieberman Delores and Russell Jack Waldis James and Mary Conner Gretchen Lowe Stephen and Claire Wallace Lisa Y. Cook Maurice Margulies Malla Wedberg Diana Daniels Dave and Jen Marr Sean Whittaker Dipak Dasgupta Lila McConnell and Jeffrey Greene Joshua Williford Davi-Ellen and Bruce Allan Chabner Albert Missirlian Jo Ann Windman Cynthia Elliott-Amadon Stacey Moffet Esther and Stephen Winikoff Gamal ElMasry Carol and Thomas Moran Denise Woods Elaine Feidelman Joel Fink Jenny Wu Amy French Ali Munzipapa Miriam Yarmolinsky Paul and Patricia Gaskin Mary Nagelhout Winifred Yonkers Giant, Bags 4 My Cause Shir Naveh Joseph Zogby and Lamece Baligh Beth Glicker Nancy and Thomas Newkirk Alice and John Goodman Mary Nowak Lisa Castillo Sheryl Greenberg Maryland Pao Lauren and Andrei Cernea Myron and Margaret Grizio Leslie Pardue Jerry Clark Richard Gross Susan and Edward Perl Jonathan Cohen Doreen Guttenberg Debra Pine Paula and Matthew Cohn Nicole Halbreiner Bob and Linda Posilkin Edwin Cook Naomi and Stephen Handelman Lynne and Henry Heilbrunn Friends Under $100 Robin Beasley Mary and Tom Beck Judy and Michael Ackerman Aberash Begashaw Yenny Andrade Joshua and Jill Bernstein David Anolick Melissa Brotman Roger Aurin Malcolm and Barbara Busch Keshia Baird Barbara and Denny Bartison 8 • 2021-22 Annual Report

Donors Donations between 9/1/21 - 8/31/22. Friends Under $100, continued Hanna Keren Bill Sanda Parmis Khosravi Sam & Micah Schuchman Lynne Coven Paul Le Cannu Nyoman Sedana Lisa Cullins Linda Leffman John Seelke Michael Datch Ellen and Saul Lindenbaum Carole Seidman Mollie Davis Harry and Jeanne Macks Aviva Snyder Viktoriya Dzyuba Fred Marinucci Lynne Snyder Charles and Susan Edson Nadine Markham-Itteilag Nessa Spitzer Chana Engel Andrew Martel Fannie Stevens Gene Epstein Margaret McCaig Avy Stock Lisa Felber Diane Milavetz Linda, Steve, Joshua, and Daniel Strauss Claire Finks Carolyn Morrissey Sandra Teitelbaum Rochelle and Harvey Follender Reut Naim Audrey Thurm Debbie Goelman Linda Nathan and Elliot Rosen Jack and Stephanie Ventura Joshua Goldman Sharon Obrien Richard and Gloria Verfuerth Donna Grigsby Laura Osborne Jon Warech Ana Hadad Alyssa Palen Lynda and Jerry Weinstein Tamara Halle and Aron Krasnopoler Jen Platt Maureen and Michael Weiss David Hatch Janet Rauer Anderson Winkler Mary Deborah and James Hennelly Eugene and Barbara Ridberg Mark Wolff Robert Hennelly Naomi Ronis Doris Wortman Deborah Hodges Hull Jim Roy Leon and Joy Young Sheryl and Bob Isaacs Sheila Russian Jonah Zinn Lucy Justement Louise Kemper In-Kind Keith McMillan Judit Quasney Elwood Miller Kathy Rodriguez Ace Hardware Alexis Peters Text Design Inc. Jeanne Ferraro Deborah Hodges Hull Event In-Kind, including Silent Auction Donors Sharon Baker The Hartman Family Rocklands Farm Winery Shulman, Rogers, Gandal, Pordy & Ecker, P.A. The Baltimore Ravens Heidi Webb, GreenKite Fundraising Spectrum Science Stein Sperling Bluemont Vineyard Tania Hernandez-Andersen and Blake Holden TD Bank JD Teitelman Bowie Baysox The Invisible Hand Text Design, Inc TK Martial Arts CareFirst Michael Jaquith Toby’s Dinner Theatre Total Wine & More Carpet & Vacuum Expo Kelley Drye Turkey Hill Village Settlements, Inc. Cheers in a Box / J Shea La Colombe Torrefaction Washington Spirits The Washington Wizards Chef Tony Eli Lev Wegmans Wells Fargo Chevy Chase Trust Linganore Wine Cellars Laurs Werner Whiting-Turner CohnReznick M & T Bank Winmar Construction Wolf Trap Jeremy Colville Maryland Dept of Housing and The David & Mikel Blair Family Foundation Community Development Denchfield Landscaping The Maryland Theatre Daniel Ellis Mayorga Coffee FCP Pepco Fogo de Chao Pete Kimbis Consulting LLC Forbright Bank Pettit Family Charitable Foundation Dan Fox PNC Georgetown Insurance R4 Capital Greenbrier Resort Robert M. Minkoff Foundation www.housingunlimited.org • 9

Donors Donations between 9/1/21 - 8/31/22. Tributes In memory of Malcolm Kitt Linda Leffman John Caldwell Krystal Lewis In honor of All of the Residents Staff and Claire Finks Gloria Lieberman Volunteers of Housing Unlimited Amy French Ellen and Saul Lindenbaum Miriam Yarmolinsky Sheryl Greenberg Harry and Jeanne Macks Ana Hadad Diane Milavetz In honor of Michael Boncore David Hatch Reut Naim James Boncore and Carmela Boncore Singer Laurie Hofheimer Linda Nathan and Elliot Rosen Benjamin Hofheimer III Maryland Pao In honor of Honorable Cynthia Callahan Michael Hutcheson Susan and Edward Perl Jay Goldman and Rebecca Salon Gretchen Lowe Debra Pine Stacey Moffet Jen Platt In honor of Nancy Y. Cohen Laura Osborne Janet Rauer Douglas Young Jenelle and Dan Sullivan Naomi Ronis Maureen and Michael Weiss Sheila Russian In honor of Nancy Y. and Martin Cohen Jenny Wu Beth Salcedo Diana Daniels Lori Scott In memory of Adele McQueen Carole Seidman In honor of Marquerite Conner Rochelle and Harvey Follender Ira Sills and Marcia Zucker James and Mary Conner Wendy Silverman In memory of Jason Miller Aviva Snyder In honor of Ethan Handelman Lisa Y. Cook Linda, Steve, Joshua, and Daniel Strauss Thomas Dickey Delores and Russell Jack Waldis Sandra Teitelbaum Gene Epstein Jeremy Veenstra-VanderWeele Naomi and Stephen Handelman In memory of Jonathan Pine Lauren and Milton Wakschlag David Anolick Shira Wakschlag In honor of Josh Neirman’s Birthday! Barbara and Denny Bartison Jon Warech Fannie Stevens Robin Beasley Lynda and Jerry Weinstein Carol Brazen Jo Ann Windman In honor of Abe Schuchman Melissa Brotman Esther and Stephen Winikoff Elisa Hartman and Peter Kazanzides Malcolm and Barbara Busch Anderson Winkler Phyllis Lerner William Carrington Jonah Zinn Gerald and Ziva Schuchman Lauren and Andrei Cernea Sam & Micah Schuchman Jonathan Cohen In memory of Elizabeth Ratner Lynne Snyder and USY Basketball Team Paula and Matthew Cohn Nancy and Thomas Newkirk Edwin Cook Midge Sanford and Peter Broderick In honor of Catherine Scott Lynne Coven Davi-Ellen and Bruce Allan Chabner Lisa Cullins In memory of Judy Ratner Carolyn Morrissey Mollie Davis James Boncore and Carmela Boncore Singer Mary Staley Chana Engel Lisa Felber In memory of Judy Ratner and Barry Killeen In honor of Christa Shannon Joel Fink Victor Ratner Marjorie Shannon Tom Frolick and Sarah Gardner Beth Glicker In memory of Kathryn Rossmeisl In honor of Raquel Trinidad Joshua Goldman David Rossmeisl Rolando Santiago Richard Gross Jamie Hennelly In memory of Kirk Simon In memory of Maria Carrington Mary Deborah and James Hennelly Mr. and Mrs. Timothy Falls William Carrington Robert Hennelly Sheryl and Bob Isaacs In memory of Elliot Yasmer In memory of Ana Chilinguerian Lucy Justement Doris Wortman Lisa Castillo Louise Kemper Hanna Keren In memory of Allene Davis Parmis Khosravi Jamie and Charnene Freeny In memory of William Joseph Dircks Steven Aftergood Janet and Cyrus Ansary Dona Jones Dave and Jen Marr Margaret McCaig Sharon Obrien Alyssa Palen Linda Roswell 10 • 2021-22 Annual Report

Housing Unlimited, Inc. Statement of Activities for the Year Ended September 30, 2021 SUPPORT AND REVENUE WITHOUT DONOR WITH DONOR TOTAL RESTRICTIONS RESTRICTIONS RENTAL INCOME $1,076,466 Tenants $1,076,466 $579,101 County Subsidies $579,101 $203,925 Less Vacancies: $203,925 $1,451,642 TOTAL RENTAL INCOME $1,451,642 CONTRIBUTIONS $327,253 $327,253 $105,323 Corporations and Foundations $105,323 $120,000 Individuals $120,000 $974,781 Government Grants - Operating $974,781 $169,747 Government Grants - Aquistitions And Renovations $169,747 Government Grants - Forgiveness of Debt $2,744 Donated Services $2,744 $1,699,848 TOTAL CONTRIBUTIONS $1,699,848 $3,151,490 TOTAL SUPPORT AND REVENUE $3,151,490 EXPENSES $2,372,756 Program Services $2,372,756 $174,520 General and Administrative $174,520 $105,611 Fundraising $105,611 TOTAL EXPENSES $2,652,887 OTHER REVENUE AND EXPENSES $2,652,887 Interest Income $309 Unrealized Investment Gain $309 $5,191 TOTAL OTHER REVENUE $5,191 $5,500 CHANGE IN NET ASSETS $5,500 $504,103 NET ASSETS, BEGINNING $504,103 $9,789,728 $9,789,728 NET ASSETS, ENDING $10,293,831 $10,293,831 Information derived from the independent audit of financial statements of Housing Unlimited, Inc. as of September 30, 2021, performed by SC&H Attest Services, P.C. of Sparks, Maryland. A complete copy of the 2021 audit is available from Housing Unlimited upon request. www.housingunlimited.org • 11

Housing Unlimited, Inc. Statement of Financial Position for the Year Ended September 30, 2021 ASSETS $891,349 CURRENT ASSETS $310,738 Cash and Cash Equivalents- Operating $61,719 Cash and Cash Equivalents- Reserve for Replacement $20,558 Accounts Receivable - Tenants $1,284,364 Accounts Receivable - Other TOTAL CURRENT ASSETS $135,156 RESTRICTED CASH AND RESERVES $174,704 Tenant Security Deposits $309,860 Reserve for Replacements TOTAL RESTRICTED CASH AND RESERVES $4,279,731 PROPERTY AND EQUIPMENT $13,704,972 Land Buildings $523,525 Furniture and Equipment $32,034 Vehicles $23,206 Leasehold Improvements $18,563,468 $5,350,700 Less: Accumulated Depreciation $13,212,768 TOTAL PROPERY AND EQUIPMENT $874,407 OTHER ASSETS $4,553 Investments - Board Designated Office Security Deposits $15,685,952 TOTAL ASSETS $9,147 LIABILITIES AND NET ASSETS $11,733 $2,849 CURRENT LIABILITIES $207,652 Accounts Payable $28,509 Accrued Interest $259,890 Retirement Plan Payable Current Maturities of Long-Term Debt $84,064 Prepaid Rent $442,400 $4,605,767 TOTAL CURRENT LIABILITIES $5,132,231 OTHER LIABILITIES $5,392,121 Tenant Security Deposits $9,419,424 Revolving Loan Fund - Montgomery County $874,407 Long-term Debt, Net of Current Maturities TOTAL OTHER LIABILITIES $10,293,831 TOTAL LIABILITIES $15,685,952 NET ASSETS Without Donor Restrictions Unrestricted Board Designated TOTAL NET ASSETS WITHOUT DONOR RESTRICTIONS TOTAL LIABILITIES AND NET ASSETS 12 • 2021-22 Annual Report

HOUSING UNLIMITED INC

Thank You to our Welcome Home Celebration 2022 Sponsors Tania Hernandez-Andersen and Blake Holden Check out Housing Unlimited's new and improved website. Enjoy a video tour of one of our homes and access links to our podcast recording as well as gain access to our online housing application and volunteer opportunities: housingunlimited.org HOUSING UNLIMITED INC 12125 Veirs Mill Road, Suite 201 Silver Spring, MD 20906 301-592-9314 Fax 301-592-9318 housingunlimited.org [email protected] facebook.com/housingunlimited twitter.com/housingunlim instagram.com/housingunlimited linkedin.com/company/housing-unlimited-inc