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Published by meghan, 2021-10-18 13:13:18

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2020-2021 Annual Report HOUSINGUNLIMITED.ORG

President Janis L. Smith When I wrote to you in 2020, I recall feeling hopeful only organization exclusively focused on addressing the that we would have turned a corner by now and the scarcity of affordable housing in Montgomery County for COVID-19 pandemic would be behind us. Instead, 2021 adults in mental health recovery. We continue to change has been another year of “Thriving in Uncertainty” lives for the better, provide independence and stability, for Housing Unlimited. As President of the Board provide paid tenant internship opportunities, social of Directors this year, I joined Board members, the engagement, and the structure and accountability needed leadership team, and members of our staff in strategic by our tenants. Yet, just as I said last year, the imperative to planning work, virtual meetings and fundraising do more is constant. initiatives. We continued to do the hard work necessary I am proud to be aligned with Housing Unlimited and to fulfill our commitment to the mental health a tremendously talented and hardworking group of community in Montgomery County. And, despite people who push limits daily. People who face obstacles facing some challenging situations, Housing Unlimited and challenges with creative optimism and tenacity, and continued to thrive and grow. who lead with their hearts and serve with committed This year, we have secured economic development grant dedication. Some of our staff are former tenants. Some of funding; accessed emergency rental assistance funds our tenants work in our office as paid interns. and decreased the number of tenants in arrears by Despite our success in securing funding through various more than half; completed home renovation projects; government programs, it is your charitable gifts, grants exceeded fundraising targets; and, through the persistent and in-kind donations that push Housing Unlimited and deliberate advocacy of our CEO, Abe Schuchman, over the line and enable us to achieve our mission. The Housing Unlimited secured a significant increase in generosity of foundations, corporate sponsors, and rent subsidies from the County for eligible tenants. We individual donors (at every level) is transformative. YOU continue to acquire homes – we now have 84 – and we MAKE A DIFFERENCE. As I approach my final year are able to serve 230 tenants. And, very importantly, as President of the Board of Housing Unlimited, I do so we maintained safety. We are poised to achieve a 100% humbled and grateful. Thanks to your gifts, I have seen vaccination rate for our staff later this month. uncertainty become certainty for our tenants. With your There is perhaps no greater uncertainty than homelessness. help, we can continue to THRIVE and SERVE. Not having a safe, stable and affordable home remains a persistent concern for many of the 200 people on our Janis L. Smith waiting list, some of whom are without any family support. President of the Board Over the past 27 years, Housing Unlimited has been the 1

Housing Unlimited Overview Housing Unlimited promotes pay no more than $662 in monthly 4/10 community integration and rent (and $331 in monthly rent for independence for individuals individuals with incomes below 15% FOUR OUT OF EVERY in mental health recovery in of AMI). However, typical County TEN NEW HOUSING UNLIMITED Montgomery County Maryland. market rate monthly efficiency TENANTS ARE FORMERLY  We own 84 scattered-site homes rents are $1,457 and $1,707 for a HOMELESS INDIVIDUALS. in the County and provide two-bedroom unit (even if shared quality, affordable housing for 230 by two people, the monthly rent Too often, vulnerable individuals fall individuals. From Bethesda to would be $853 per person); thus, the through the cracks, decompensate, Rockville to Germantown to Silver individuals that we serve are often and spiral downward to homelessness. Spring, all of our homes are located priced out of the market. Our collaborative approach aims to near public transportation, shopping, help vulnerable individuals maintain employment, and support services. Our tenants come to us from their housing for the long term. Our the homes of their aging parents, data shows that 92% of our recent We are working very hard to purchase supervised housing settings, and tenants have maintained their housing additional homes because the need homeless shelters. Four out of every with us for one year or more. for affordable housing for people ten current Housing Unlimited in mental health recovery is great tenants are formerly homeless in Montgomery County. The high individuals. cost of housing is a driving force for this affordable housing crisis. The While we continue to address the Montgomery County Department problem of housing instability and of Housing and Community homelessness in Montgomery County, Affairs estimates a very low-income there is still a demand for our services. individual that earns 30% of the area Housing Unlimited maintains a median income (AMI) can afford to waiting list of over 200 applicants. 84 230 15 Homes Tenants Paid internships for tenants each year “It’s not enough to simply put a roof over someone’s head. We work with people to succeed in their housing.” — Abe Schuchman, CEO 2

Meet Housing Unlimited tenant Sabrina Gussin Sabrina Gussin has been a Housing Unlimited tenant for just over one year, and 92% in her own words, she says, “I absolutely love it!!\" of tenants stay in Sabrina, who has a passion for art and horses, came from a Residential Housing Unlimited Rehabilitation Program at Cornerstone Montgomery (a nonprofit organization housing for more than that Housing Unlimited has partnered with for years). Cornerstone Montgomery one year managed her finances and medications, and Housing Unlimited was the next step in gaining her independence. At Housing Unlimited she manages her own finances and guides all aspects of her mental health recovery. She appreciates that Housing Unlimited gives her the opportunity to be responsible for herself and grow in her newfound independence. Sabrina says that her housemates are “really nice” and highlighted a time when she had just had an eye procedure and could not see her mail to read important letters. Her housemates helped her read her letters while her eyes were healing. We hear similar stories often at Housing Unlimited, stories of housemates helping one another, stories that bring joy to the work we do. 3

Meet Housing Unlimited's Vice President of the Board Sheila Mason-Henry Sheila Mason-Henry, Vice President of the Board of It is important to her that Housing Unlimited’s tenants are Directors, is the daughter of Costa Rican immigrants. treated with dignity and respect regardless of their “label” Sheila has had a trailblazing career in IT at Otsuka America and are supported in their personal journeys of mental Pharmaceutical Inc. Following six promotions over her health recovery. 19-year tenure at Otsuka, Sheila currently serves as the company’s Director of Facilities and Office Operations. “My personal and family experiences with depression and anxiety allow me to comprehend how difficult it is It’s that power of possibility that she hopes to foster in other to overcome the stigma and persevere to live a stable and employees under her wing—not to mention her two Afro- happy life,” says Sheila. Latino American sons—in the ever-changing U.S. social and political landscape. To that end, she raises awareness Sheila had the opportunity of diversity and inclusion practices at Otsuka to make it a great place to work. to travel on a mission trip to Sheila honed her leadership skills as an active participant Puerto Rico for Otsuka with the in Black student organizations during her college years at Rochester Institute of Technology where she All Hands and Hearts Agency earned a degree in criminal justice and law enforcement administration in 1992. She also earned a Master in in 2018 to help execute roof Management of Information and Telecommunications Systems at Johns Hopkins University – Carey Business repairs following Hurricane School in 2001 and is in the process of earning her Ph.D. in Data Science at North Central University in California. Maria damage.  Housing Unlimited is a good match for Sheila because of its When asked what legacy she hopes to leave behind after work addressing mental wellness issues in the community. serving on the Housing Unlimited Board, she says: “I hope the legacy is a successful, highly effective organization that reduces homelessness and mental wellness stigma. An organization that actively partners with local stakeholders in service of those who need a second chance to be understood.” 4

Housing Unlimited Corporate Affiliations Are for Purposes of Identification Only Board of Directors Assistant Treasurer Judith Calamari Johnnie Mae Armstrong Michael Jaquith, M&T Bank President Emerita P​ eter Kimbis,  Nancy Y. Cohen Secretary Timothy S. Kitt, Freddie Mac Independent Nonprofit Consultant President Napatr Meer Janis L. Smith, Montgomery County Board of Directors Alexis Peters, Shulman Rogers Sunita Benson-Agwu, PEPCO John Pierce, Themis PLLC Public Schools Cynthia Elliott-Amadon Audralina Sherman,  Garth Bastian, The Whiting-Turner Vice President Mo.Co. Coalition for the Homeless Sheila Mason-Henry, Otsuka America Contracting Company Pharmaceutical, Inc. Treasurer Michael Smith, PNC Wealth Management Advisory Board Rita Mhley, Mhley/Davis & Catherine F. Scott, Professor Emerita, Associates, Inc. Montgomey College Tat-Lin Angus, Exelon Carmela Boncore-Singer John R. Orrick, Jr., Esq.,  Lauren Spiro, M.A., National Rosemary Dircks Offit Kurman Coalition for Mental Health Recovery Lynne Ladarola, RA, Archeus Studio Senator Laurence Levitan, Esq. Russell Phillips, CPA,  Miriam Yarmolinsky, Peer Wellness & Edward L. Lublin, Blank Rome LLP CohnReznick LLP Recovery Services, Inc. Brian M. McLaughlin,  Elias Rizkallah, Capital One Bank Bank of America Staff Director of Property Management Program Associates Tiffany Lamin Nina Blecher Chief Executive Officer Bianca Fryer Abe M. Schuchman, Esq. Property Managers Ian Jackson  Trevor Stephens Stephanie Joseph Chief Operating Officer Jack Thorman Jason Miller Aaron Fenster Diane Nowak Property Manager and Adam Pinchuck Director of Property Development Avodah Corps Member Reginald Rainard Lisa Y. Cook Dalia Paris-Saper Daisy Thompson Director of Office Operations Rebecca Meade 45% 5 of Housing Unlimited’s staff is comprised of outstanding former tenants and other consumer leaders.

Donors 10/01/2020to08/30/2021 Institutions The Home Builders Care Foundation The Phase Foundation The Inter-Faith Chapel PNC Bank, Community Ace Construction Missions Committee Development Banking Addison/Ripley Gallery Ltd. The Invisible Hand Foundation, Inc. ProTec Inspection Services Atlas Service Center John Edward Fowler Memorial R4 Capital LLC Chevy Chase Trust Foundation Realty Management Services, Inc. Clark-Winchcole Foundation Kelley Drye & Warren LLP The Robert M. Minkoff Foundation CohnReznick Lyons Plumbing Shulman, Rogers, Gandal, Congressional Bank The M&T Charitable Foundation Pordy & Ecker, P.A. David and Mikel Blair Family Maryland Department of Housing Streamline Management, LLC Foundation and Community Development TD Bank Denchfield Landscaping, Inc. The Meridian Group Unitarian Universalist Diversified Contractors, LLC Montgomery County Government Church of Rockville Exelon Foundation The Morris & Gwendolyn Cafritz United Therapeutics EYA Foundation Foundation Village Settlements, Inc FCP Fund Manager LLC NEWR Energy Wells Fargo Foundation Georgetown Insurance Service, Inc. Otsuka America Pharmaceutical Inc Whiting-Turner Giant, Bags 4 My Cause at Giant Pepco: An Exelon Company Winmar Construction Greater Washington Community Pettit Family Charitable Foundation Foundation David Lublin Harkins Builders, Inc. Edward and Janet Lublin Leonard and Celia Schuchman Ellen and Bernard Young Leaders $10,000+ Tania Hernandez-Andersen and Blake Holden Russ and Leila Phillips Nancy Y. and Martin Cohen Rachel and Ben Loving Victor Ratner Sally Rudney and Scott Hoekman Sustainers $5,000-$9,999 Kate Epstein and Ethan Handelman Sydell Ruth Schulman Marcy Fisher Catherine Scott Rosemary and William Dircks Steven Horowitz and Michelle Adato Kate and Mark Simon Catherine Green Sally and David Iannarone Michael and Linda Trageser Isiah and Catherine Leggett Gina Vitale and Richard Ridge Platinum $1,000- $4,999 Sheila Mason-Henry Doug and Mary Beth McDaniel Tat-Lin and Shane Angus Alexis Peters Colonel and Johnnie Mae Armstrong Ed Cohen Doug and Missy Cooper Jack and Earllaine Croarkin Melissa Crow and Victor Katz Virginia and Lowell Denning 6

Donors 10/01/2020to08/30/2021 Gold $500-$999 Ellen and Arnie Hoffman Sidney Schwarz and Sandra Perlstein Doug and Holly Kammerer Guila Franklin Siegel and Stephen and Jane Anderson Timothy Kitt Nathan Siegel Anonymous Carolyn Knight Ann Wild Daffanie Bell Brian Kux and Kimberly Bayard Brian Wilmot Demetrios and Rachael Datch Leon and Caronline Levenson Michael Witt Kevin Dwyer and Eileen Weiner-Dwyer Elwood and James Miller Laurie and Fred Yang James Gilchrist Mary Nagelhout Laurel Glassman and William Neff Annette Rauh Nanette Paris Daniel Hayden and Begona Vazquez Elaine and Bob Parks Stuart Hershey Glenn and Julia Phillips Amanda and Marvin Poindexter Silver $250- $499 Annie and David Greenblum David and Ariel Schuchman Rebecca Helmer Marjorie Shannon Garth Bastian James and Zona Hostetler Harriet Shay Susan Castellan Michael Jaquith Jessica Shea Michael Cooperman and Maria Schiff Cookie Kerxton Jackie Simon Susan Cutler Dorothy Leggin Julie Statland Thomas Dickey Laurence and Barbara Levitan Joseph Zogby and Lamece Baligh Linda and Thomas Dickey Burt and Linda Liebowitz Debra Friedman Richard and Nancy Nelson Pamela J Gibson Bill and Karen O’ Brien Scott Goldberg Roger Paden and Valerie Barr Jay Goldman and Rebecca Salon Howard and Pam Gorin Bronze $100-$249 Melanie Coburn Paul and Jane Feldman Phil Colton and Nancy Westin-Colton James and Charnene Freeny Tad Baldwin Elizabeth Dahreddine Deborah and Todd Fulmer Robert Barnet and Carol Taylor Jackie DeCarlo Paul and Patricia Gaskin Norma and Donald Berlin Leslie Deitch Nancy and Carl Gewirz Michael Bernstein Debbie Dillon Michael Gildenhorn Nina Blecher and Mark Shuster Nan Donnells Myron and Margaret Grizio Carmela Boncore Singer and Lawrence and Erin Edwards Nicole Halbreiner James Boncore Cynthia Elliott-Amadon Naomi and Stephen Handelman Dominick and Nancy Boncore Bonnie Casper Wing-Kee Thomas Chan 7

Donors 10/01/2020to08/30/2021 Bronze $100-$249, continued Maurice Margulies Midge Sanford and Peter Broderick Lila McConnell and Jeffrey Greene Philip and Rosa Schaenman Robert and Katalin Hardi Diane and Fred McGoldrick Gerald and Ziva Schuchman Lynne and Henry Heilbrunn Rita and Cornel Mhley Lawrence and Roberta Shulman Cole Higgison Carol and Thomas Moran Pamela Silberman Cristina Hillyer Shir Naveh Romy Silverstein Edith Holleman Josh Neirman Sabiha Sorgun Ilsabe Urban Yoni and Stephen Neirman Gail Spence Wayne Jaquith Mary Nowak Martin Spicer Evelyn Joray John Orrick, Jr. and Margaret Bryan Stabbe and Zoe Herrmann Dorothy and Sidney Kaplan Johnson-Orrick Anna and John Stewart Ted and Gayle Kaplan Betty Pelzer-Sharper and JD Teitelman Tovah Kasdin and Alex Kasten Samuel Sharper Patricia Tyson Bruce Keith Gail and David Paulson Stephen and Claire Wallace Peter Kimbis Bob and Linda Posilkin Victor Weissberg and Karen Welter Yaminah Leggett-Wells Ann Pupjak Sean Whittaker Samantha Leveston Eugene and Barbara Ridberg Winifred Yonkers Diane Levitus Peter Roemer Leon and Joy Young Laura Livoy David and Kathy Rossmeisl Val Lubbers Annie Loppies Alan Dechter and Sheree Smith Sifiso Maposa Friends Under $100 Miriam Escobedo Nadine Markham-Itteilag Elaine Feidelman Napatr Meer Anonymous Sarah Gallareta Jeffrey Meredith Refat Abdallah Deborah Goelman Lucas Morrizon Judy and Michael Ackerman Alice and John Goodman Barbara Mulitz Louise and Elliott Allentuck Donna Grigsby Courtney Randolph Yenny Andrade Doreen Guttenberg Shira and Ari Reeves Mary and Thomas Beck Tamara Halle and Aron Krasnopoler Nyoman Sedana Carol Blimline Emily Hardin Edmayeni Sesamie Gillian Carty-Roper and Carl Roper Farida Herdiatin Janis and Charles Smith Lisa Castillo Alice Horning John and Elizabeth Spencer Jeffrey Cohen Margaret Jaquith Jonathan Cohen Harvey Lerner and Diana Daniels Karen Brinckerhoff Lerner Michael Datch Fabiola De Amarante 8

Donors 10/01/2020to08/30/2021 Friends Under $100, continued Richard and Gloria Verfuerth Doris and Bernard Wortman Anindito Widyanarendra Nessa Spitzer Jack and Stephanie Ventura Tania Hernandez-Andersen and Cecilia Pettit Blake Holden Bob and Linda Posilkin In Kind Lee Janger Kathy Rodriguez Dick Jung Karen Rosenthal Lisa Y. Cook Vivian Kwok Kate and Mark Simon Kate Epstein and Ethan Handelman David Lublin Gail Spence Barbara Euell Diana Maizel Anita Toft Lee Garner Otsuka America Pharmaceutical Inc Marirose Ungerman Marjorie Goldman Monica Goldman In Honor of Abe Schuchman In Memory of Leon Friedman Claire Hermann Josh Neirman Debra Friedman Victor Hernandez Chavez Sammy & Micah Schuchman Gerald and Ziva Schuchman In Memory of Silfa A. Meredith Event In Kind Jeffrey Meredith In Honor of the Schuchman Family Eli Lev Sydell Ruth Schulman In Memory of Elizabeth Ratner Midge Sanford and Peter Broderick Tributes In Honor of Crista Shannon Marjorie Shannon In Memory of Judy Ratner & In Honor of Michael Boncore Barry Killeen Carmela Boncore Singer and In Honor of Angela Wilkinson Victor Ratner Demetrios and Rachael Datch Rosemary and William Dircks James Boncore In Memory of Bonnie Boone In Memory of Mavis and Clifford Roper In Honor of Nancy Y. Cohen Tania Hernandez-Andersen and Gillian Carty-Roper and Carl Roper Diana Daniels Blake Holden In Memory of Kathryn Rossmeisl In Honor of Tirtze Cohen David and Kathy Rossmeisl Jeffrey Cohen In Memory of Christopher Cutler Susan Cutler In Memory of John Berry Scott In Honor of Kate Epstein Catherine Scott Thomas Dickey In Memory of David Feldman Naomi and Stephen Handelman Paul and Jane Feldman Alice Horning Nearly $10,000 In Honor of Marjorie Goldman Bryan Stabbe and Zoe Herrmann in donated furniture is distributed to our homes each year In Honor of Ethan Handelman and Kate Epstein Shira and Ari Reeves Linda and Thomas Dickey In Honor of Tania Hernandez-Andersen Addison/Ripley Gallery Ltd. (Christopher Addison) In Honor of Cathy Moses Nessa Spitzer 9

HOUSING UNLIMITED, INC. STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2020 SUPPORT AND REVENUE WITHOUT DONOR WITH DONOR TOTAL RESTRICTIONS RESTRICTIONS RENTAL INCOME $999,817 Tenants $999,817 $549,513 County Subsidies $549,513 $86,520 Less Vacancies: $86,520 $1,462,810 $1,462,810 TOTAL RENTAL INCOME $351,010 CONTRIBUTIONS $351,010 $118,690 $118,690 $118,400 Corporations and Foundations $118,400 $664,425 Individuals $664,425 $128,290 Government Grants - Operating $128,290 $24,496 Government Grants - Aquistitions And Renovations $24,496 $1,405,311 Government Grants - Forgiveness of Debt $1,405,311 $2,868,121 Donated Services $2,868,121 TOTAL CONTRIBUTIONS $2,013,739 TOTAL SUPPORT AND REVENUE $2,013,739 $304,369 EXPENSES $304,369 $114,206 Program Services $114,206 General and Administrative $2,432,314 Fundraising $2,432,314 TOTAL EXPENSES $2,055 OTHER REVENUE AND EXPENSES $2,055 $14,199 Interest Income $14,199 $11,627 Unrealized Investment Gain $11,627 $27,881 Miscellaneous Revenue $27,881 $463,688 TOTAL OTHER REVENUE $463,688 $9,326,040 CHANGE IN NET ASSETS $9,326,040 NET ASSETS, BEGINNING NET ASSETS, ENDING $9,789,728 $9,789,728 Information derived from the independent audit of financial statements of Housing Unlimited, Inc. as of September 30, 2020, performed by SC&H Attest Services, P.C. of Sparks, Maryland. A complete copy of the 2020 audit is available from Housing Unlimited upon request. 10

HOUSING UNLIMITED, INC. STATEMENT OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2020 ASSETS $1,012,431 CURRENT ASSETS $267,893 $183,279 Cash and Cash Equivalents- Operating $156,432 Cash and Cash Equivalents- Reserve for Replacement $86,388 Cash and Cash Equivalents - Revolving Loan Fund $15,854 Cash and Cash Equivalents - Board Designated Accounts Receivable - Tenants $1,722,277 Accounts Receivable - Other TOTAL CURRENT ASSETS $127,136 RESTRICTED CASH AND RESERVES $169,625 Tenant Security Deposits $296,761 Reserve for Replacements TOTAL RESTRICTED CASH AND RESERVES $4,147,813 PROPERTY AND EQUIPMENT $12,924,918 Land Buildings $440,171 Furniture and Equipment $32,034 Vehicles $23,206 Leasehold Improvements $17,568,142 $4,838,640 Less: Accumulated Depreciation $12,729,502 TOTAL PROPERY AND EQUIPMENT $230,301 OTHER ASSETS $4,553 Investments $14,983,394 Office Security Deposits $2,082 TOTAL ASSETS $8,916 $2,096 LIABILITIES AND NET ASSETS $197,235 $8,280 CURRENT LIABILITIES $218,609 Accounts Payable Accrued Interest $83,141 Retirement Plan Payable $442,400 Current Maturities of Long-Term Debt $4,449,516 Prepaid Rent $4,975,057 $5,193,666 TOTAL CURRENT LIABILITIES OTHER LIABILITIES $9,402,995 $386,733 Tenant Security Deposits Revolving Loan Fund - Montgomery County $9,789,728 Long-term Debt, Net of Current Maturities $14,983,394 TOTAL OTHER LIABILITIES TOTAL LIABILITIES NET ASSETS Without Donor Restrictions Unrestricted Temporarily Restricted- Board Designated TOTAL NET ASSETS WITHOUT DONOR RESTRICTIONS TOTAL LIABILITIES AND NET ASSETS 11

Thank You to Our 2021 Welcome Home Celebration Corporate Sponsors 12

We congratulate Tiffany Lamin on her promotion to Director Jack Thorman, our Avodah Corps Member this past year, of Property Management! Tiffany has been with Housing says: \"As an Avodah Corp Member doing direct service Unlimited for just over a year in the position of Property work, it can be easy to get lost in the day-to-days of the Manager. Tiffany has over 7 years experience working with job. I recently spent a day with Delegate Kumar Barve individuals in mental health recovery and is pursuing degrees in Annapolis. I saw him speak in front of the Maryland in Social Science and Psychology. It's not surprising that Affordable Housing Coalition, talk to his constituents, she has earned much more responsibility so quickly given and chair a discussion about a right to a clean her hard work, attention to detail, and heartfelt dedication environment amendment to the Maryland constitution. to our tenants. In her words, \"I have a passion for this It allowed me to have a fascinating glimpse into the community and love to see individuals thrive while in mental ways our state government is problem-solving issues in health recovery. Housing Unlimited gives our tenants the housing, environment and transportation.\" opportunity to do just that and I love it!\" We're lucky to have Regi Rainard on staff! Here he is performing repairs at our home in Rockville. Thank you to our Leadership Montgomery team! Our tenants loved having you come visit their home and sharing their stories about life in affordable independent housing!

HOUSING UNLIMITED INC 12125 Veirs Mill Road Suite 201 Silver Spring, MD 20906 301-592-9314 Fax 301-592-9318 [email protected]

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