GLENDOWER GROUP

SUMMARY & FINANCIAL STATEMENTS

2022 was filled with new milestones for the Glendower Group, ECC/HANH’s non-profit development arm.

Glendower made much-needed upgrades to the Fairmont and Ruoppolo RAD IV developments, successfully relocating and later returning all residents after construction concluded.

They saw the completion of New Haven’s Mill River Community, unveiling the $132.8 million development at a ribbon-cutting ceremony attended by Congresswoman Rosa DeLauro and Mayor Justin Elicker.

Statements Of Net Position

Despite unforeseen delays and supply chain issues, Glendower leveraged unused contingency funds to build a brand-new all-abilities playground at Mill River Crossing and an ADA accessible educational playground at the Rockview Phase II Development.

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION

OVER $336 MILLION Awarded in redevelopment funds

2,500 Families relocated

OVER $544 MILLION Leveraged

The Glendower Group Achievements

Glendower started 2022 at The Shubert, where Executive Vice President Ms. Shenae Draughn was honored at the Greater New Haven NAACP’s Annual Freedom Fund Event.

Over the summer, they proudly sponsored two events close to our hearts: the Christian Community Action’s New Hope Development for homeless families and the Christian Community Commission, Inc.’s Gospel Fest.

Glendower and their construction team at Haynes Construction were honored with the CBC CT 2022 Excellence in Construction Award for the Mill River Crossing development. This victory in the industry’s leading competition highlights Mill River Crossing as one of the state’s most innovative, high-quality Merit Shop construction projects.

In November, Glendower was a supporting sponsor for the Connecticut Affordable Housing Conference’s Partnership for Strong Communities. 2022’s theme, Building Stability, speaks to their mission: to make a positive difference in the lives of New Haven residents by creating affordable communities of choice and promoting self-sufficiency.