ANNUAL REPORT 2015
2015 was an exciting year of growth and change worth celebrating for Renovation Alliance. Together, with our volunteers and partners, we provided free, critical home repairs to 132 low-income homeowners and their families this year. We expanded our volunteer base, developed new partnerships, and established two new innovative programs to better serve those in need. In September, after many months of planning and research, we made the decision to disaffiliate from the Rebuilding Together network. Changing our name and leaving the affiliate network is an opportunity to expand our scope of work within the Roanoke Valley and to other communities in order to serve more families. By calling ourselves an “alliance�, we also honor our partners who share our mission of making sure every person has a warm, safe, and dry home. Renovation Alliance sought out new partnerships this year in order to serve more homeowners in need. Through a new grant with our longtime partner, Foundation for Roanoke Valley, we increased our critical home repair and accessible home modification services to older adults residing in the Roanoke Valley. A new grant from USDA Rural Development, provided us with the financial resources necessary to address the needs of homeowners residing in our rural communities. Thanks to a collaboration with The Home Depot Foundation, we were able to rebuild the homes of 22 veterans and their surviving spouses. Renovation Alliance also welcomed new House Sponsors this year who helped make our April Renovation Day a success. We recognize that many home repair requests cannot be placed on a waiting list which is why we established an Emergency Home Repair program. With the help of individual donations and skilled volunteers, Renovation Alliance is now able to tackle many urgent repair needs in a matter of days such as heating system failures, roofing issues, plumbing leaks, and security concerns. Another program we kicked-off this year is our Modular Ramp Loan Program which provides accessible ramps to individuals who rent their home and/or land. Since the program was established in November, volunteers from Cave Spring United Methodist Church have already built ramps for two families.
These achievements are not just ours to celebrate. They are yours. As the calls continue to pour in from distressed individuals trying to figure out how they are going to repair their home, we know our work is not done. We’ve made great strides in developing our programs and services thanks to strong support from our volunteers and partners. Only with your help can ensure that every person has access to safe and healthy housing. Sincerely,
Earl W. Saunders, Jr. President
HOMEOWNER CHARACTERISTICS
94 114 27 29 $16,775 Elderly homeowners served
Veterans and surviving spouses
Individuals living with a disability served
16
The average number of years the homeowner has lived in their home
Average annual household income of those served
emergency home repairs
34
70
accessible home modifications
critical home repairs
20 energy efficiency upgrades
VOLUNTEER GROUPS
$1,812,905 COMMUNITY INVESTMENT VALUE Advance Auto Parts Allstate Insurance Company Alpha Phi Omega—Virginia Tech Appalachian Service Project—Virginia Tech Association of the U.S. Army—Stonewall Jackson Bank of Floyd Bonsack Baptist Catholic Heart Workcamps Cave Spring United Methodist Christ Episcopal Church of the Holy Spirit City of Roanoke Coca-Cola Cox Communications First Baptist
First Citizens Bank Franklin County Sheriff’s Office Freedom First Credit Union German Club—Virginia Tech Grandin Court Baptist Hill Street Baptist Huntington United Methodist Kappa Alpha Sigma—Ferrum College Kiwanis Club of Roanoke Knights of Columbus—Roanoke Council Lowe’s (Salem, VA) Military Officers Association of America (SWVA) Mount Pleasant Baptist Church Pilgrim Baptist Raleigh Court United Methodist
REACH Roanoke Valley REALTORS Association Southern Illinois University STEP, Inc. TAP YouthBuild TAP—Weatherization Valley Bank Valley Word Ministries Veterans Administration (Salem, VA) Vinton Baptist Virginia Tech Carilion—Humanism Club Virginia Tech SERVES Wells Fargo Wesley—Virginia Tech West Point Alumni Society (SWVA) World Changers
FINANCIAL HEALTH Assets
CHANGES IN UNRESTRICTED NET ASSETS
Liabilities and Net Assets
Current Assets
$75,718
Current Liabilities
$-
Property and equipment
$225,304
Net Assets
$301,022
Total Assets
$301,022
Total liabilities and net assets
$301,022
* 2014 AUDITED FINANCIALS
$0.87
OF EVERY
$1
WENT
TO PROGRAM SERVICES
O U R PA RT N E R S
87.6% Program Services
Al and Olivia Graham Fund of Foundation for Roanoke Valley American Electric Power Bank of Floyd Carilion Foundation City of Roanoke Doris and Roy R. Pollard Jr. Fund of Foundation for Roanoke Valley EQT Foundation Greene Memorial United Methodist Kiwanis Club of Roanoke Marion S. and Willie Z. Camp Fund for Eldercare of Foundation for Roanoke Valley Roanoke Gas Company Roanoke Redevelopment and Housing Authority Roanoke Valley Association of REALTORS Southern Illinois at Edwardsville The Cornelia Hodges Fund The Home Depot Foundation
Revenues and Other Support House Sponsors $ Grants Corporate donations Individual donations REO Activities TOTAL REVENUES
28,837 298,789 1,240 29,844 75,012 433,722
Expenses Program services Administrative Fund solicitation TOTAL EXPENSES
385,016 45,024 9,267 439,307
CHANGE IN NET ASSETS BEGINNING NET ASSETS ENDING NET ASSETS
(5,585) 306,607 301,022
The Pruner Fund of Foundation for Roanoke Valley USDA: Rural Development Valley Bank Waldvogel Commercial Properties Wells Fargo Foundation Woods Rogers, PLC. INDIVIDUAL DONORS Karen Barnhart Kelly Brown Christoper Chittum John and Susan Cloeter Erlene Elliott Jonathan Fielder Mike Hertz Thomas and Patricia Johnson Annette Lewis Alan McClellan
Ed Murray Neil Phillips Chad Scott Donita Smith Harold Snapp Carolyn Turner Carol Watkins Mike and Danielle Wise
IN-KIND SPONSORS Bobby Trent Chittum Plumbing Control Maintenance Dugwell Pest Control EI Incorporated JC Plumbing LMW Engineering TRANE Heating and Air Valley Boiler and Mechanical Varney Welch Construction WHG Contracting