Annual Report - 2010

Building Homes and Hope Since 1990 Annual Report FY 2010

PICTURE

Table of Contents From the President

1

Our Mission

2

History

4

Milestones Since 1990

7

2010 Milestones Kenwood Homes Build

11

Sherman Homes Build

14

Financials

16

Board of Directors

19

Credits

21

San Gabriel Valley Habitat for Humanity engages the community to volunteer time, talent, money and donated materials to build affordable housing. This builds stronger communities, better neighborhoods, stable families and relationships that will last for years to come.

From the President

Welcome to the first annual report from San Gabriel Valley Habitat for Humanity. It is full of stories that reveal how Habitat homes have built hope in the families and neighborhoods we serve. This year’s achievements confirm that Habitat for Humanity is a catalyst to build better communities.

In the building of homes, Habitat for Humanity strengthens the families who will live in them. Habitat families learn home maintenance skills while volunteering on our builds. They learn to build a family budget. Through their homeowners’ associations, Habitat families learn to work together.

The building of Habitat homes strengthens the local community. The clean, fresh appearance of a Habitat home often inspires others to improve the look of their homes. The influx of new neighbors encourages a new spirit of neighborliness on the street. The desire of Habitat families to “give back” benefits the community beyond the boundaries of the block on which they live.

We build community by offering opportunities for volunteer service. Thousands of volunteers have donned a hard hat and picked up a hammer at the Sherman and Kenwood sites. There are others who volunteer with the day-to-day work in our office and in our two ReStores. Other volunteers join our staff in the search and procurement of land for future development. Still others specialize in getting donations of building materials and pro bono services.

While we reflect on 20 years of community building, we are looking far into the future. We have grown to the point where we can go beyond what “we’ve always done.” In that spirit, San Gabriel Valley Habitat for Humanity is developing volunteer opportunities for the local youth who are eager to give of their time and talents. They are filled with enthusiasm, ideas and passion that support our mission.

In 2010, we began our “Brush with Kindness” program, offering exterior repairs, painting and landscaping to low-income homeowners struggling to maintain the safety and appearance of their home.

We eagerly anticipate beginning our next build in 2011—five homes on Geneva Street in Glendale. This will be our first “green” build, so we will be learning new construction skills and teaching our families about environmental stewardship.

We now enjoy the benefits of operating two ReStores—our first step into the world of sustainable living.

Accepting donations of new and reusable construction and household items, our two ReStores help support the operations of our organization and provide additional opportunities for volunteering.

As we look over the year, we see that Habitat for Humanity epitomizes the concept of neighbor helping neighbor. We are grateful to the thousands of neighbors like you who give of your time and resources to provide hope and homes for deserving families. Whether it will be your time, talent, or financial support, we hope you will continue to invest in our mission. We covet your continued support, and thank you for your part in building better communities throughout the San Gabriel Valley.

Jan C. Berentsen President San Gabriel Valley Habitat for Humanity Annual Report FY 2010 1

Our mission Eliminate substandard housing and build affordable homes in partnership with low-income families and the 31 communities of San Gabriel Valley and northeast Los Angeles County while making decent shelter for low-income families a matter of conscience and action.

Substandard

(sub·stan·dard) adj.

Failing to meet a standard; below the (officially) approved standard.

An estimated 5.7 million U.S. families live in substandard housing – often creating conditions that cause illness, injury and deaths. Outbreaks of tuberculosis, typhoid, and cholera led to early housing and sanitation codes. Plumbing, sanitation, ventilation, and refrigeration improvements over the years have helped eliminate the spread of these diseases.

Today, it is commonly understood that water leaks, rodent infestations, and physical defects are not only structural problems, but also a costly threat to health and safety. Substandard conditions force

many families to overspend on utilities and home repairs, often presenting them with a choice between spending on healthcare or home repairs.

Living in substandard conditions is the #1 qualification for selection of Habitat for Humanity homebuyers. Owning a Habitat home ensures that the low-income purchasers move from substandard living conditions into a safe and decent home.

Overcrowded

(o·ver·crowd·ed) adj.

Having too many people on or in a space.

Approximately 80% of low-income families in the San Gabriel Valley live in overcrowded conditions.

Unaffordable

(un·af·ford·a·ble) adj.

Too expensive. Believed to not be within one’s financial means.

Within the San Gabriel Valley, 43% of renters are cost-burdened because they must spend more than 30% of their income for rent and utilities. Twenty-one percent of renters are spending more than 50% of their income for basic housing .

Owning a Habitat home ensures that buyers will pay no more than 30% of their gross monthly income for their mortgage payment and utility bills.

Typical homebuyer applicants for San Gabriel Valley Habitat for Humanity’s homes have 5-6 family members and are living in a one-bedroom apartment or are sharing rooms in a home or apartment with another family.

2 San Gabriel Valley Habitat for Humanity Annual Report

sgvhabitat.org

Lowincome families

(low·in·come fam·i·lies) n.

Relating to households on an income below average, a social unit, parents and children, living together, the principal function of which is provision for its members, persons having kinship with one another.

Determined. Focused. Perseverant.

Hard-Working. Generous. Concerned for their children’s wellbeing. Unified.

A low-income family of three in our region may take home only $1,467 each month and face rent costs of $1,261, but they imagine and work towards their dreams, for the sake of their children and for the sake of their aging parents.

We believe in investing in the dreams of hard-working parents who, despite 40 to 130-hour workweeks, are still not able to afford the dignity and stability of a permanent, affordable house.

We believe in building affordable houses so that these families can create homes that raise the value of a neighborhood and provide a brighter future for the next generation.

Decent Shelter

(de·cent) adj.

Characterized by conformity to recognized standards of propriety or morality; meeting accepted standards; adequate; morally upright; respectable.

On any given night in the San Gabriel Valley, between 5,043 and 10,911 men, women, and children can be

found sleeping without a home.

Shelter is a basic human need that protects people from dangerous environments and extreme weather.

Decent shelter provides not only protection and safety, but also upright living conditions where all of our children can thrive and neighborhoods are revitalized.

Affordable Homes

(af·ford·a·ble) adj.

To be able to do or spare something, especially without incurring financial difficulties or without risk of undesirable consequences.

Habitat homes are affordable because they are built with no profit and sold with a 0% mortgage. Thousands of community volunteers join hearts and hands to build or renovate homes that are affordable for low-income families.

San Gabriel Valley Habitat for Humanity Annual Report FY 2010 3

A Matter of Conscience (con·science) n.

An aptitude, faculty, intuition, or judgment of the intellect that distinguishes right from wrong. The inner sense of what is right or wrong in one’s conduct or motives, impelling one toward right action. The complex of ethical and moral principles that controls or inhibits the actions or thoughts of an individual.

… and Action (ac·tion) n.

The state or process of doing something or being active; something done, an act or deed, movement or posture during some physical activity; force, or energy; the operating mechanism; the behavior which is voluntary and explicable in terms of the agent’s reasons, as contrasted with that which is coerced or determined causally (to act) v. to put into effect; take action concerning;

Personally Touched, Personally Inspired Barbara’s first moment of inspiration was in a deep trench at a Habitat for Humanity build in Mexico. Jack was at the same location and was also touched by Habitat’s vision. At the same time, Ace and Mavis were in Nicaragua at a different Habitat for Humanity build, and were confronted by seeing the realities of poverty housing. Ace was a successful builder in the construction and development industry. He was very active in the Catholic community and was a leader in the greater San Gabriel Valley community. When he came back from Nicaragua, Ace was changed.

It is right to help those in need of simple, decent shelter.

4 San Gabriel Valley Habitat for Humanity Annual Report FY 2010

“If you believe in something, if you really believe in something, you will do what you need to do when nobody else will do it. What drove us was the mission and belief that what we were doing was more important than all of the problems that we faced. It was social change that lasted.”

Barbara, founding member of the San Gabriel Valley Habitat for Humanity movement

sgvhabitat.org

A Collision of Individual Experiences

grew, and San Gabriel Valley Habitat for Humanity was invited to make its first presentation. The offer from the Peace and Justice group at Barbara’s church was accepted and preparations began.

Ace and Mavis gave a presentation about their experiences with Habitat for Humanity in Nicaragua at Barbara’s church. At this meeting, the seeds of a common vision were watered as four acquaintances —Ace, Mavis, Jack, and Barbara—left as friends.

The week of the presentation arrived and, tragically, Ace suddenly passed away.

Although in shock, Barbara, Jack, and Mavis remained concerned about the mission and realized their moment of courage had come. They chose to act.

They led the presentation together, and began a movement of inspiring and inviting others to act by building homes and hope.

The friendships grew while Ace was both burdened and inspired by this one thought: “If Pasadena can have a Tournament of Roses, then why can’t it have a Tournament of Houses?” He shared this thought with his friends, and a vision was born. This quote invigorated a newfound, common mission.

Together, They Moved Ace knew he could not reach this goal by himself. He trusted others were equally inspired to create change in their community, so he reached out to the Protestant community. One courageous lady in the Presbyterian Church stepped forward with the same belief that something had to be done locally to make affordable housing available to those in need. Led by a shared passion to partner with their neighbors in poverty, Ace and Pat dedicated themselves to form the first Habitat for Humanity affiliate in the San Gabriel Valley.

From a conviction to a common vision and mission In 1990, friends, old and new, with a shared belief in empowering the dreams of others, moved.

Twenty years later—we continue to move because we have grown in capacity to build. The visibility of San Gabriel Valley Habitat for Humanity has grown exponentially and touches the hearts of hundreds of thousands who support its affordable housing mission.

Momentum was building, a support base founded on strong friendships and faith

San Gabriel Valley Habitat for Humanity Annual Report FY 2010 5

Building Homes and Hope since 1990 Under John “Ace” Cain’s visionary leadership from 1989 to 1991, local citizens united to fight poverty housing in the San Gabriel Valley and bring awareness to the critical shortage of affordable housing in our community.

Concerned citizens like you researched the local needs and resources and evaluated the potential success of Habitat’s model in our community.

In 1990, Habitat for Humanity International entered into a covenant with these concerned citizens and invited them to begin an affiliate in the San Gabriel Valley and northeast Los Angeles County. Our first home was built in Pasadena on Maple Street on land directly purchased by this affiliate.

For 14 years, San Gabriel Valley Habitat for Humanity was primarily volunteer-run and built an average of 1-2 homes per year. Since that time, the average number of homes completed has grown to five per year.

SGV Habitat for Humanity has matured from a small, volunteer-run affiliate to a professional organization with significant capacity to provide meaningful affordable housing solutions and positively impact the San Gabriel Valley, as evidenced by the transformational milestones on the next page . . .

6 San Gabriel Valley Habitat for Humanity Annual Report FY 2010

sgvhabitat.org

Homebuyer Education

Preparing families for successful homeownership since 1990, SGV Habitat for Humanity has expanded and strengthened homebuyer education. All homebuyers attend a certified Homebuyer Education course and monthly classes. The local curriculum includes home budgeting, the value of a 0% interest mortgage, on-time mortgage payments, home maintenance, and how to participate effectively in a homeowners association.

Home Production

Annual average house production has more than doubled from two (2) to five (5) homes per year.

SGV Habitat for Humanity has reached the production benchmark of 54 homes, and the current Strategic Plan calls for production of an average of 8-10 homes per year.

Responsible Homebuyers

The year of 2010 marked the 20th anniversary of our affiliate. We are proud to share that there have been no defaults and no sales of any homes built by our affiliate throughout its 20-year history. Each homeowner has remained faithful in paying the mortgage.

Financial Stability and Stewardship

Charity Navigator has recognized us with its 4-star rating for excellence in fiscal management for three consecutive years—2008, 2009 and 2010—placing us among the top 14% of rated nonprofits.

Increased Organizational Capacity and Sustainability

Seeing the need for affordable housing in the future, SGV Habitat for Humanity is building its capacity for sustainability. To ensure every donation will be directed towards building or rehabilitating affordable homes, we implemented a strategic goal to have 100% of operational expenses covered by earned income. In FY 2010, 74% of operational expenses were covered by revenue from the affiliate’s ReStores.

Stewardship Outside of the Box: Our ReStores

From a desire to be good stewards, we operate two ReStores. The motto, “Reduce. Recycle.

Reuse.” invites the community to practice sustainable living by donating to and by shopping at the ReStores for home improvement products. In 2003, we launched the Pasadena ReStore and, in 2009, the Azusa ReStore. Both ReStores regularly meet or exceed revenue projections with gross revenues reaching $847,923 in FY 2010.

In 20 years, SGV Habitat for Humanity has completed 54 homes in the San Gabriel Valley, improving the lives of nearly 300 parents and children.

Raising Awareness

Visibility of the affordable housing issue continues to be the heartbeat of our mission. When “Ace” Cain and his friends founded the affiliate, we met our San Gabriel Valley neighbors one by one. As the Internet became an important communication vehicle, we went online. SGV Habitat for Humanity maintains an active web presence through its own website and social networking tools, provides mobile advertising through its ReStore trucks, and regularly utilizes professional graphic design talent.

Lives Changed

We have directly reached and improved the economic stability of approximately 300 men, women and children through our Homeownership Program, and we have offered sustainable living practices to the 1.5 million residents of the San Gabriel Valley through our ReStores.

San Gabriel Valley Habitat for Humanity Annual Report FY 2010 7

Milestones Since 1990

Allen Homes, Glendale 1995 Maple Homes, Pasadena 1992

Euclid Homes, Duarte 1998

Palmer Homes, Glendale 2007

Burkett Homes, El Monte 2001 Orange Homes, Glendale 2002

Pacific Homes, Glendale 2005 Gardena Homes, Glendale 2003

Sherman Homes, Monrovia 2010

Kenwood Homes, Glendale 2010

8 San Gabriel Valley Habitat for Humanity Annual Report FY 2010

Did you know the first Habitat for Humanity home built in LA County was in Pasadena and organized by our affiliate? sgvhabitat.org

Electronic version only

San Gabriel Valley Habitat for Humanity Sunland

Tujunga

La Crescenta-Montrose

La Canada Flintridge

Glendale

Altadena

Eagle Rock

Sierra Madre

Atwater Highland Park

South Pasadena

San Marino

Monterey Montecito Hills Heights El Sereno

Bradbury Duarte

Arcadia

Azusa

Irwindale

Temple San Gabriel City

Alhambra

Homes our affiliate has built since 1990

Monrovia

Pasadena

El Monte

Baldwin Park

Rosemead

Monterey Park

South El Monte

Service Area Map San Gabriel Valley Habitat for Humanity Annual Report FY 2010 9

2010 Fifteen Stories of Hope Fifteen Families Finally Home

10 San Gabriel Valley Habitat for Humanity Annual Report FY 2010

sgvhabitat.org

Kenwood Homes Build Eleven Kenwood Build homes were dedicated on June 5, 2010, to 20 parents and 31 children, forever changing the lives of these 11 families.

This large urban development in partnership with the City of Glendale was both challenging and rewarding. The 11-home condominium development located at 711-717 North Kenwood Street was the most sophisticated urban development to be undertaken by our affiliate. Each home has a two-car semi-subterranean garage, and the three-bedroom, 1½-bath units rise two stories above the garages. Two of the units were modified for handicap accessibility.

Prior to groundbreaking, San Gabriel Valley Habitat for Humanity completed a $1.1

million fundraising campaign in 2006, which allowed the affiliate to move ahead with construction.

The Kenwood Campaign raised a total of $1,345,394— the highest amount raised by SGV Habitat for Humanity to date. On June 5, 2010, the 11 homebuyer families received the keys to their new homes at a dedication ceremony held at the end of the Kenwood cul-de-sac in front of the completed homes.

As a result of this opportunity, SGV Habitat for Humanity grew in its capacity to build more homes and touch more lives, including building homes for two families with profoundly handicapped children.

San Gabriel Valley Habitat for Humanity Annual Report FY 2010 11

By coincidence ... both sons have special needs The Ruiz and Gonzalez families live side-by-side now in many ways. Both families, by coincidence, have a child with hydrocephalus in need of constant care due to physical limitations. Both sons are unable to walk and are in wheelchairs. Until the Habitat Homeownership Program, neither family was able to afford market-rate rent or the necessary adaptations for the rental units they lived in.

Life was very stressful, as the parents worried about their children’s safety.

12 San Gabriel Valley Habitat for Humanity Annual Report FY 2010

But both families had great love, dedication, and perseverance.

So the boys can get to the garage and all levels of their homes in their wheelchairs, San Gabriel Valley Habitat for Humanity did extra fundraising and installed two specialized American Disabilities Act (ADA) lifts.

The Ruiz and Gonzalez’ side-by-side homes allow them to share not only the lifts but also their lives as they support each other in the care of their sons.

sgvhabitat.org

A Korean-American family, Saundra and her children now savor their food more because they fit around the kitchen table, making it possible to share a meal together. For six years, the family lived in a one-bedroom apartment, only to graduate to a two-bedroom dilapidated rental with peeling paint, mold, and many outstanding repairs. Despite a responsible rent payment history, Saundra and her children lived and breathed a health hazard in the making before qualifying for their new Habitat home.

One day, a walk at the mall changed everything. A San Gabriel Valley Habitat for Humanity table displayed the future Kenwood Homes build, and it was then,

for the first time in her life, that Saundra allowed herself to dream of homeownership.

After the encouragement of mentors, Saundra applied, prepared to earn and, if selected, achieve the responsibility of becoming a homeowner.

Saundra and her family were chosen and worked hard to build their house with volunteers and even her co-workers alongside. She completed 525 sweat equity hours and got to know her future neighbors while working at the build. In return, she and her children gained a new sense of accomplishment, peace, and community.

somewhere after work, I tell them, ‘I have to go home.’ When I come home, the kids are playing.

Everybody is happy and I feel more secure. The kids feel freer to focus and learn. Their grades have improved!”

Azat knows not only the value of a home but also the gift of community, especially after working tirelessly for seventeen years in Glendale. “We have grown so close to the Glendale community that enabled my family to stay in touch with our Armenian roots.”

Saundra

The Ter-Matevosyans no longer need to live in an overcrowded apartment or sleep cramped on one couch so that their children can get rest and personal space to focus on school.

“The word ‘home’ has a big meaning right now in my life. Every night, when I leave work and my co-workers invite me to go

Hospitality is highly cherished.

In their new home, the Ter-Matevosyans can host many more people and share many more dishes with their family and friends. “This year, we are hosting Christmas in our home.”

San Gabriel Valley Habitat for Humanity Annual Report FY 2010 13

Sherman Homes Build In 2010, San Gabriel Valley Habitat for Humanity dedicated four new homes in Monrovia to four deserving families, and a city celebrated a turning point in a neighborhood previously plagued by gang violence and fear. The City of Monrovia initiated a partnership with San Gabriel Valley Habitat for Humanity to build homes at 1214-1218 Sherman Avenue in Monrovia.

Groundbreaking took place in the fall of 2008, and hope in the neighborhood grew as the framed walls were lifted in place and the completed homes were dedicated on March 6th.

Raymond and his wife, Sonia, have a deep faith in God and believe in the power of prayer and community.

The Quiroz and their five children previously lived in an overcrowded two-bedroom apartment, but were grateful for a roof over their heads.

“Honestly, we were happy! It was just too small for seven of us. But, what always weighed on our hearts was the future. What’s going to happen in the future for our kids?” After applying to be homeowners in Monrovia, they drove regularly to Sherman Avenue

to pray together: “Lord, this is your place. If this is your will, we’d like to live here. If someone else needs it more, then so be it.” God heard their prayer and they were chosen.

The Quiroz family quickly went to work on the build site, bringing faith and generosity to the site and to the Sherman Avenue neighborhood.

During the framing phase, their generous spirits inspired all of the future homeowners. “We didn’t know which house would be ours, but we worked equally hard and prayed over each house. We wrote promises from God over key areas of the framing.

On the top stair, we wrote Proverbs 16:9, ‘The mind of the man plans his way, but the LORD directs his steps.’ The Quiroz’ commitment to be good neighbors, extend hospitality, and build community wherever they are was evident even before they were selected. The common effort of building their own homes has strengthened their family ties. For over ten years, Pastor Ray and Sonia have been deeply involved as leaders in the city of Monrovia and in the schools. They are “home.”

14 San Gabriel Valley Habitat for Humanity Annual Report FY 2010

“When we got into the house, it felt like we were finally settled—we were home. I finally changed my address on my license.

Now, because of what we pay and the stability of a house, we can afford to plan for our future and build the community we want our children to live in.” Now the Quiroz family, from Pastor Ray and Sonia down to their three-year-old, Grace, focus their energy on building new friendships and community on Sherman Avenue.

“We really want to be part of our community. I really believe that over the years, we will be part of changing this community for the better. The Habitat chapter of our life is an open-ended chapter because it will continue for the rest of our lives. We can’t wait until the new Geneva Street build starts!” sgvhabitat.org

Del Grosso

“We were living paycheck to paycheck, making ends meet, but it was really hard to provide for my family’s future.”

Despite Mario’s hard, honest work as a manager, he realized, “I was never going to be able to save to get a house or even take some time off. I wanted to provide for my family, but I wondered how we were going to get to that dream.”

Parents of three children, Mario and his wife Jeanine were thankful for the small two-bedroom apartment they did have, yet the stress of an uncertain future grew daily.

Many suggested sub-prime and adjustable rate mortgages, but Mario believed those options were too risky for their family.

responsible homeowners and maintain their new home. Then the declining economy hit Mario’s work and he lost his job.

“A week later, Habitat for Humanity dedicated our home and gave us the keys to our new house. It was then that I realized the timing and provision. We had a monthly mortgage I could afford even without my job.” Mario has since found a new job, and the Del Grosso’s are saving and planning for the future.

“Sherman Avenue still brings me to tears when I think about what was sparked on that street two years ago, and what that street and site means now. I would dare say it not only changed the trajectory of Sherman Avenue and its surrounding community, but Monrovia, surrounding cities, maybe even the world. It may not have eliminated all the problems of an area, or our world, but it offers hope where there once was fear.”

Reverend Greg Douglass United Methodist Church

One day, nine year-old Wyatt brought home a flyer from San Gabriel Valley Habitat for Humanity which was distributed at his school. Jeanine thought, “Maybe. I’ll just give it a try.” They applied and were chosen. “We felt so lucky, like we did not deserve the home.” The Del Grosso family followed through on their agreement to volunteer on the build site and to learn how to be San Gabriel Valley Habitat for Humanity Annual Report FY 2010 15

Financials

In 2010, San Gabriel Valley Habitat for Humanity celebrated its 20th year of eliminating poverty housing and building affordable homes as a chartered affiliate of Habitat for Humanity International. This year the Homeownership Program reached record levels as 15 homes were completed and sold. The ($183,278) loss in net assets does not represent a negative cash flow for the organization, but it does reflect that the organization has fully recognized the interest deduction for Habitat’s 30-year, zero interest mortgages. Program service expenses for housing under construction are capitalized in the balance sheet account “Construction in Progress” until sold to homeowners or transferred to inventory, pending sale.

ASSETS: Current assets:

Cash and cash equivalents

Restricted cash

Grants and other receivables

Contributions receivable, net

Mortgage loans receivable - current portion

ReStore inventory

Houses under construction

Other assets

Non-current assets: Property and equipment, net of accumulated depreciation Mortgage loans receivable - net of current portion, less discount

Total Assets LIABILITIES AND NET ASSETS: Current liabilities:

Accounts payable

Accrued expenses

Deposits

Net assets: Unrestricted Board designated Temporarily restricted Total net assets

Total Liabilities and Net Assets 16 San Gabriel Valley Habitat for Humanity Annual Report FY 2010

2010

June 30 $1,101,251 16,819 320,566 105,000 219,228 70,484 91,640 30,967 1,955,955

2009 $1,090,259 18,700 146,760 56,915 2,102,375 25,676 3,440,685

144,291

187,142

2,217,358

914,651

$4,317,604

$4.542.478

$17,606 34,833 52,439

$31,004 41,081 21,950 94,035

123,696 3,537,837 3,661,533

1,943,583 2,151,670 4,095,253

603,632

353,190

4,265,165

4,448,443

$4,317,604

$4,542,478

Total Revenues Net Assets

$7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0

FY FY FY FY FY FY 2005 2006 2007 2008 2009 2010

This financial information has been extracted from our audited financial statements. A complete set of financial statements, including footnotes, is available upon request. The complete financial statements have been audited by Capin Crouse LLP, Brea, California.

sgvhabitat.org

Statements of Activities

San Gabriel Valley Habitat for Humanity for the Year Ended June 30, 2010 With Summarized Comparative Figures for the Year Ended June 30, 2009

539,077 3,955 -

2010 $3,111,096 1,081,124 847,923 93,189 1,014,937 22,453 6,266 89,778

292,590 6,016,324

(292,590) 250,442

6,266,766

1,959,757

6,207,334

-

6,207,334

1,195,731

147,030 95,680 6,450,044

-

147,030 95,680 6,450,044

122,208 66,101 1,384,040

Change in Net Assets

(433,720)

250,442

(183,278)

575,717

Net Assets, Beginning of Year

4,095,253

353,190

4,448,443

3,872,726

$3,661,533

$603,632

$4,265,165

$4,448,443

SUPPORT AND REVENUE:

Sales to homeowners

Contributions and grants

ReStore sales and donations

Imputed interest income on mortgage loans

In-kind contributions

Donated services

Interest income

Other income

Net assets released from restrictions:

Satisfaction of donor restrictions

Total Support and Revenue EXPENSES:

Program services

Supporting activities:

General and administrative

Fundraising Total Expenses

Net Assets, End of Year

Unrestricted $3,111,096 542,047 847,923 93,189 1,010,982 22,453 6,266 89,778

Temporarily Restricted

Sales to homeowners In-kind contributions ReStore sales and donations Imputed interest income on mortgage loans Contributions and grants Donated Services

2009 604,870 520,265 72,483 659,619 3,055 30,674 68,791

Program Services

General and Administrative Fundraising

San Gabriel Valley Habitat for Humanity Annual Report FY 2010 17

What is an Affiliate of Habitat for Humanity?

What is the Fund for Humanity?

Affiliates are community-level Habitat for Humanity organizations that are chartered by Habitat for Humanity International, Inc. to serve a specific geographic area and remain an independently run, grassroots nonprofit organization. Each affiliate coordinates all aspects of Habitat home building in its local area including its own fundraising, building site selection, partner family selection and support, house construction, and mortgage servicing. Affiliates operate within the framework of the Habitat for Humanity Affiliate Covenant.

Continuing the vision of the original founders of Habitat for Humanity, San Gabriel Valley Habitat for Humanity uses a unique financing model to build more houses. Construction costs for new home builds are financed, in part, by a revolving fund called “The Fund for Humanity.� Money in the Fund for Humanity comes from house payments made by Habitat homeowners.

18 San Gabriel Valley Habitat for Humanity Annual Report FY 2010

sgvhabitat.org

Board of Directors

San Gabriel Valley Habitat for Humanity Board of Directors: FY2010 Officers President Vice-President Treasurer Secretary Past President

Jan Berentsen Donald W. Goodman Daric Lee Michael T. Davitt Tom Doud

Executive Director: California Pacific United Methodist Foundation, Inc. Senior Vice President, Disney Resort Real Estate Development for The Walt Disney Company Assistant Vice-President: HSBC Bank Director of Real Estate: Archdiocese of Los Angeles Partner: Crowell, Weedon & Co.

Board Members

Claus Agger-Nielsen Ann Dougherty George H.Garfield Jay Harvill Cynthia Heydt Deborah A. Loveland John MacLean Paul McAnnally-Linz Judd Reas

Senior Manager – CPA: Lucas, Horsfall, Murphy, & Pindroh, LLP

Management Consultant President: Transwestern Planned Giving Director: Methodist Hospital Foundation Accountant/Fund Developer: Self-employed Planned Giving Consultant Senior Loan Consultant: Chase Bank Manager, Channel Operations: Xerox Special Information Systems Project Engineer: Bernards

Hard Hat Council

The Hard Hat Council is a key support group which gives and secures major gifts to support our affordable housing mission

Joyce Kristensson David Lazier Joan H. McCarthy Kenneth McCormick Jaylene Mosley Robert Picardo Vince Quinones Anil Verma

Honorary Board

Century 21 Golden Nelson Nameplate The Walt Disney Company Mill Creek Properties Flintridge Foundation Actor Turner Construction Anil Verma Associates (AVA)

Comprised of long-term supporters who have shaped and built the effectiveness of our organization, Honorary Board members are dedicated leaders who continue to support the mission and building efforts of San Gabriel Valley Habitat for Humanity

Supervisor Michael Antonovich

Jon Barstad

Mavis Cain

Jack Conroy

Merwyn Fair

Charlotte Hogan Barbara Hudson Senator Carol Liu Dr. Bob Macy Mary Jane Macy

Pat Myers Assemblymember Anthony Portantino

San Gabriel Valley Habitat for Humanity Annual Report FY 2010 19

20 San Gabriel Valley Habitat for Humanity Annual Report FY 2010

sgvhabitat.org

Credits Photography Brandon Bathauer Content Erin Burdett Graphic Design Mike McGowan

Special thanks to: Saundra Crockett Ter-Matevosyan family Ruiz family Quiroz family Del Grosso family Barbara Hudson Reverend Greg Douglass

San Gabriel Valley Habitat for Humanity Annual Report FY 2010 21

400 S. Irwindale Ave . Azusa, CA 91702 . 626-387-6899 . www.sgvhabitat.org