Annual Report 2023
InthisReport
MessagefromtheBoardofDirectors
DeborahBonito
ExecutiveDirector’sReport
JimMacKenzie
WhoWeAre.WhatWeDo.
Mission,Vision,Values
ProgramSummaries
AffordableHousing,Supportive
Housing&CommunityEngagement
FinancialSummary
Messagefromthe BoardofDirectors
DearFriendsandNeighbors:
Thankyousomuchfortakingthetimetolearn moreaboutthegoodworkourstaffat NeighborWorksAlaskaengagesineachday.The experiencedteamatNeighborWorkshasputtheir expertiseintoactionthispastyearonsomany fronts! Fromrisingtothecommunityneedfor qualitysupportivehousingservicestooverseeing therehabilitationofdozensofagingaffordable housingunitsthisorganizationownsand manages,toengagingwithourneighborsin Fairview,RussianJackandSpenardonbothshortandlong-termprojects,theNeighborWorksAlaska teamwalksthetalkofbuildingcommunities.
ItisanhonortohaveservedasPresidentofthe BoardofDirectorssinceAugustof2023.Myfellow boardmembersbringtheirdiverseexperienceto thetableandasktoughquestions,make constructivesuggestions,andprovidevisionand focusfortheorganization.NeighborWorks operatesunderastrongbusinessmodel,butwe reachouttoindividualsandthecommunityto expandandenhanceourmission
Readonandbecomeengaged!
WithGratitude, DeborahBonito
BoardPresident
ExecutiveDirector’s Report
2023wasayearofexcitingtransitions:anew executivedirector(me),anewboardchair(Deborah Bonito),arehabprojectatourMallaryApartments,an incrediblegrowthofourSupportiveHousingwork (servingandhousing700+people),andanew initiativetoReconnectFairviewwithcommunity-led solutionsalongthehighwaycorridor
Wehaveintensifiedourfocusonthefutureofour agingportfoliotoensurethatqualityaffordable housingoptionsareavailableforgenerationsto come.Asanorganizationwithover40yearsofservice inourcommunity,we’vehadtomakemanydifficult decisionstoensurethatourmissionandwork continues.Partofthatprocesshasbeentorefocus ourHomeOwnershipCenteronpromotingourHome Modification& Accessibilitygrantprogram.
Ourpropertiesareattheheartofourmission,with nearly1,000housingunitsacrossAnchorage.Our teamiscommittedtokeepingourresidentshoused assafely,happily,andaffordablyaspossible.That doesn’tcomewithoutitschallenges,includingthe nearhistoricamountofsnow,laborshortages,and increasedcosts Ourentirehousingteamcame togethereachdaytomakesureourresidentsand propertiesweresafeandsecureyear-round.
JimMacKenzie ExecutiveDirector
Wehavearichhistoryinourcommunity,butourwork can’thappenwithoutstrongpartnerships.Wewill continueworkingharderthanevertosharemore aboutourmissionandimpact.Manythankstoallour partners,funders,vendors,volunteers,andour incrediblestaffandboard!We’reexcitedaboutthe placeswe’rebuildingtowardintheyearstocome.
OurMission
NeighborWorks®Alaska(NWAK)isdedicated toimprovingthequalityoflifeforfamilies andindividualsbypreservinghomes, creatingnewhousingopportunities,and strengtheningneighborhoods.
OurVision
Strongneighborhoodsthroughquality housingandcommunityengagement.
Housing1,600peopleonour rental propertieseveryday
OurValues
Collaboration|Empowerment Excellence|Responsibility Sustainability|Transparency Vision
Harnessing2,500 volunteerhours in2023
Affordable Housing
NWAKprovidesaffordable,rentalhousingfor individuals,families,andseniors.Wealso providespecialneedshousingforthosewho areat-riskofhomelessnessand/orwho experienceadisability Wefocusonserving low-to-moderateincomeindividualsand families.Weworkwithresidentstoconnect themtoappropriatecommunityresources throughourmanypartnerships.
OurRealEstateDevelopmentactivitiesfocus onincreasingthesupplyandqualityof affordablerentalunitsandexpanding opportunitiesforhomeownershipby constructingneworrehabilitatingexisting housing.Inadditiontonewprojects,weare continuouslyupgradingandimprovingthe propertiesweown.
Rentalhomesownedand managedacross15 properties
987
OurHomeModification&AccessibilityGrants areavailabletoindividualswithdisabilitiesor specialneeds Thesemostoftengotoward: roll-inshowers,ADAtoilets,grabbars,adding railings,ramps,andstairlifts
Onourproperties,weserveresidentswitha widerangeofdemographicsand backgrounds.Overall,weservealmost300 seniorsand 350childreninourproperties.
Almosthalfofourhouseholds(48%)earn lessthan$30,000peryear.Fourproperties haveincomerestrictionsbelow60%Area MedianIncome(AMI).Thebackgroundsof ourresidentsinclude:
$241,471 Accessibilitygrants givenout
Supportive Housing
720 Clientsserved in2023
NWAKprovidescomprehensiveSupportiveHousing servicesto vulnerableindividualsandfamilies.Wefocusondeliveringclientcenteredsupporttosecuresafeandstablehousingopportunities, particularlyforthoseexperiencingchronicorliteralhomelessness, includingindividualswithdisabilities.
KeyfeaturesofNWAK'sSupportiveHousingProgramsinclude:clientcenteredsupport,housingopportunitiesfirst,programofferingsbased onneeds,andcommunityimpacttomakeadifference.
87.5%
Housingstabilityindicatesthe successful%ofclientsthat exitedourprogramsandthen remainedstablyhousedon theirown.
Community Engagement
NWAKsupportsresident-ledeffortstocreate safer,moreconnected,andvibrant communities.Weworktotoempower residentstostrengthentheircommunities throughneighborhoodrevitalization, leadershipdevelopment,andcommunity building.
In2023,webeganlayingthegroundworkto ReconnectFairviewwiththesupportofaU.S. DepartmentofTransportationgrant.This effortwillreimaginethehighwayconnection
WhoWeServe
FairnessforFairview
WearepartneringwiththeFairviewCommunity CounciltohealtheGambell-IngraCorridor.Learn moreatwww.FairviewAK.org.
AnchorGardens
Wesupportthisvolunteer-ledefforttomake gardeningresourcesavailabletoeveryonein Anchorage.Visitwww.anchorgardens.org.
PainttheTown
Weleadourcommunity’sbelovedPainttheTown program thankstovolunteersandsponsors.We lovesupportingthisefforteachyear!
2,500 Volunteer Hours
4homes Painted
2023Financials
NeighborWorksAlaskaisalargeorganization servingabout3,000individualswithhousingevery day.In2023,ourtotalrevenuereached $15,753,806,withthebulkoffundscomingfrom ourrentalincomeandgrants.Ourtotalexpenses reached$14,920,249,withourlargestexpensefor
Expenses
staffpayroll.Wehaveover60employees,fromour maintenanceandlandscapingcrews,toour residentmanagers,tooursupportivehousing specialists,andadministrativeteam Weareproud tohaveemployeeswithdiverseskillsetsand backgroundstoserveourcommunity!
Revenue
OurBoardofDirectors
Deborah Bonito President
Sue Wolfe Treasurer
Stephanie Kesler Vice President
Kathleen Plunkett Secretary
OurFunders
Alaska Community Foundation
Alaska Housing Finance Corporation
Alaska Mental Health Trust Authority
Anchorage Health Department
Enterprise Community Partners, Inc
Municipality of Anchorage
NeighborWorks America
State of Alaska
U.S. Department of Housing & Urban Development
U S Department of Treasury
U.S. Environmental Protection Agency
Volunteers of America
Wells Fargo Foundation
Richard Camilleri
Sharon Chamard
Syl Fowlis
Michael Fredericks
Bill Gee
Mara Hill
Tasha Hotch
Sheila Lomboy
Aaron O’Quinn
Melinda Taylor
PainttheTownSponsors
