Annual Report - 2012

Transforming Lives 1

Annual Report FY 2012

Table of Contents

Annual Report • Fiscal Year 2012 3

Letter from the President

5

Strategic Planning to Advance Our Mission

4 6­–9

10–11 12–13 14 15

16–17 18 19

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San Gabriel Valley Habitat for Humanity

Annual Report • Fiscal Year 2012

Our Mission

Strategic Initiative for Housing Solutions

Strategic Initiative for Fund Development Strategic Initiative for Volunteers

Strategic Initiative for Leadership Strategic Initiative for ReStores

Financial Statement Summaries for FY 2012 Charity Navigator 4-Star Rating Boards & Staff

Letter from the President To all friends of San Gabriel Valley Habitat for Humanity, This year we focused on evaluating “where we are” and “where we need and want to be” as we complete the Geneva Homes and move forward to the major Desiderio Homes build while continuing Critical Home Repair projects. I have high praise for the Strategic Planning process that took place this year with facilitators Warren Riley and Betsy Uhrman from NPO Solutions. The success of this Strategic Planning process was due to the positive engagement of all of the Strategic Planning Task Force members who identified the Initiatives that are shared in the pages of this Annual Report. I want to take this opportunity to thank all of the community leaders and our dedicated staff members who participated in the Strategic Planning effort. Please note the Strategic Initiative for our ReStores and read the fascinating history of SGV Habitat’s ReStores and the celebration of Bill Anderson’s leadership to support our mission by growing the ReStores.

Completion of the five Geneva Homes was a significant milestone for this year. All of the homebuyer families surpassed the required 500 hours of Sweat Equity as they worked side-by-side with dedicated construction volunteers who contributed over 20,000 hours to complete these homes in FY 2012. City of Glendale and its Housing Authority have been strong supporters of the work of SGV Habitat for Humanity. Thirty-four low income families in Glendale now have safe and decent homes thanks to leaders in Glendale who have championed quality affordable housing developments throughout the City since 1995.

Helping veterans and their families is a high priority in our country. SGV Habitat is honored to be part of the solution for veterans who need safe and decent housing. This year, funds were secured from The Walt Disney Company and from the Home Depot Foundation through a new Home Depot Repair Corps program. SGV Habitat was one of a small group of Habitat for Humanity affiliates prepared to qualify for this funding opportunity because we have in place sustainability procedures to ensure that all families helped through our repair programs repay the costs of the improvements made. This enables repair programs to grow and to serve more and more deserving veterans and seniors. We are proud to share that “Habitat for Humanity’s work is a hand up, not a handout.”

I want to give you and new corporate and community partners an invitation to be part of Habitat for Humanity’s affordable housing solutions as we complete the Desiderio Campaign to raise $2,177,510 and secure new properties to build, renovate and repair. Be assured that the Board of Directors and I are passionately committed to make a positive difference throughout the San Gabriel Valley as we partner with volunteers from all walks of life and with deserving families who need safe, decent and affordable housing.

Don Goodman San Gabriel Valley Habitat for Humanity

Annual Report • Fiscal Year 2012

3

Our Mission

San Gabriel Valley Habitat for Humanity transforms lives and communities by bringing people together to build, renovate and repair affordable homes for families in need.

Volunteers hoisting a wall at the Geneva Build 4

San Gabriel Valley Habitat for Humanity

Annual Report • Fiscal Year 2012

Strategic Planning to Advance Our Mission With financial support from the California Community Foundation, SGV Habitat engaged in a rigorous Strategic Planning process that culminated with Board action to adopt the clear blueprint that articulates our key priorities for the next three years.

Our Mission Statement was re-examined and revamped to reflect changing times, challenging housing circumstances, and our commitment to partner with lowincome families to meet the growing array of affordable housing needs. This updated Mission Statement, featured on the opposite page, links the two core activities of SGV Habitat—building and repairing homes, and strengthening communities.

Warren Riley, President of NPO Solutions, conducted the Strategic Planning process with important input from a 15-member Strategic Planning Task Force and nine Key Informants. This process took place over six months. We are grateful for these contributors who gave their time, shared their ideas to strengthen SGV Habitat’s impact, and provided inspiration for the plan: Nick Alparaz • Bill Anderson • Mayor Bill Bogaard (Pasadena) • Tom Bunn • Ginny Claiborn • Mark DeMarta • Jennifer DeVoll • Ann Dougherty • Amanda Gallagher • George Garfield • Rev. Rich Garner • Don Goodman • Darryl Hallie • Barbara Hudson • Mayor Mary Ann Lutz (Monrovia) • John Mac Lean • Councilman Steve Madison (Pasadena) • Paul McAnnally-Linz • Joan McCarthy • Ginger Morris • Esther Tam • Elaine Wilkerson • Sonja Yates • Peter Zovak This process culminated in a three-year Strategic Operating Plan that focuses on five primary initiatives: Housing Solutions, Volunteers, Leadership, Fund Development and ReStores. These initiatives were selected to develop the affiliate as a whole and to advance our mission of strengthening families and communities through affordable homeownership.

The Benitez family in their new Geneva Home San Gabriel Valley Habitat for Humanity

Annual Report • Fiscal Year 2012

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Strategic Initiative for Housing Solutions Ensure continuous building at reduced costs to serve more families and communities and to sustain volunteer engagement The Geneva Homes Following the March 2011 groundbreaking ceremony, construction of the Geneva Homes progressed throughout this fiscal year.

These new affordable homes in Glendale neared completion in June as the buyer families prepared to move in, and the dedication ceremony took place on June 16th.

All five families completed and exceeded their required 500 hours of Sweat Equity and worked alongside dedicated volunteers who gave approximately 20,000 hours building the Geneva Homes during FY 2012.

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San Gabriel Valley Habitat for Humanity

Annual Report • Fiscal Year 2012

Habitat Homeownership Founded in 1990 as an independent affiliate of Habitat for Humanity International, San Gabriel Valley Habitat for Humanity (SGV Habitat for Humanity) partners with people from all walks of life to create and maintain decent housing for low-income families throughout the affiliate’s chartered service area, providing stable environments that are safe and healthy.

SGV Habitat for Humanity conducts several key programs that provide critical interventions for the low-income community. These programs improve living conditions, provide financial stability, and offer a pathway out of poverty.

All of Habitat for Humanity’s affordable housing work is a hand up, not a handout.

Homeowners are required to repay their mortgages or liens into the affiliate’s “Fund for Humanity,” a perpetual fund that is used for future construction, enabling Habitat affiliates to build more homes and touch more lives.

As the sixth largest builder in the United States, Habitat for Humanity builds more than houses; Habitat builds communities and responsible homeowners.

SGV Habitat for Humanity is a licensed contractor that builds homes in partnership with local volunteers, corporations, donors and future homebuyers, thus reducing labor costs.

SGV Habitat for Humanity makes no profit on its builds and implements strategic and cost-effective practices to ensure the homes are affordable and that all housing costs total no more than 30% of the future homebuyer’s gross income.

To be eligible for a SGV Habitat for Humanity home, potential homeowners must meet these requirements: •

•

•

•

Be low-to-moderate income families in need, making no more than 80% of the Area Median Income (AMI) Must be able to make monthly 0% interest mortgage payments, beginning with a 1% cash down payment Complete 500 hours of “sweat equity” to help build their homes and those of their fellow Habitat neighbors Take part in homeownership training provided by SGV Habitat and other certified agencies

Homebuyer Elena Altamirano constructing Geneva Homes San Gabriel Valley Habitat for Humanity

Annual Report • Fiscal Year 2012

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Critical Home Repairs SGV Habitat is committed to make repairs to at least 10 units per year that are owned and occupied by low-income families throughout the San Gabriel Valley The Critical Home Repair (CHR) program revitalizes neighborhoods by providing urgently needed repairs for low-income homeowners (typically seniors) who cannot afford to maintain the safety, functionality, and appearance of their homes.

Upon implementing the CHR program in FY2011, the affiliate began to discover a “hidden population” of aging homeowners on limited and fixed incomes who need SGV Habitat’s partnership to make urgently needed home repairs. Traditionally, Habitat for Humanity affiliates serve young to middle-aged parents with school-age children who need to purchase an affordable home. CHR opens the opportunity to serve individuals at the opposite end of the age spectrum-- aging seniors who own their own homes but who do not have the means to maintain their properties as medical expenses, utility costs, gasoline and food costs rise, but Social Security and pension benefits do not.

With continuously rising costs of living, everyday expenses such as food, medicine, gas, and utilities take precedence while home maintenance is often pushed aside, threatening home values and homeowner’s financial stability. Years of neglect can cause a downward spiral of home deterioration and unsafe and unhealthy living conditions for low-income households.

CHR is designed to end the downward spiral of home deterioration by providing critical home repairs, not just cosmetic repairs, for households in need. These repairs provide a lasting benefit to the homeowners and to the community as a whole, because home values are stabilized throughout the neighborhood when overdue exterior home repairs are made for qualified low-income homeowners.

CHR work has included: • Replacement of rotting doors and windows • Roofing repairs • Painting • Yard clean-up • Safety and accessibility enhancements, such as installation of handrails and ramps for handicap access During FY 2012, CHR projects were completed for 10 households, providing their families and communities with impactful, lasting repairs made affordable by SGV Habitat for Humanity.

CHR site supervisor, Charlie Hayes.

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San Gabriel Valley Habitat for Humanity

Annual Report • Fiscal Year 2012

Before- rotting beams (Pasadena)

Repair of leaking skylight (Monterey Park)

Before CHR (Monrovia)

Volunteers sand, prep and paint (Pasadena)

Rebuilt garage in Pasadena

Critical Home Repair volunteers (Monterey Park)

After repairs and new paint (Monrovia)

Smiles for a job well done (Monterey Park)

Joy of a working window (Atwater Village home) San Gabriel Valley Habitat for Humanity

Annual Report • Fiscal Year 2012

9

Strategic Initiative for Fund Development Establish a strong and diverse fund development foundation to ensure ongoing support for SGV Habitat’s intended impacts

In its 22-year history, SGV Habitat for Humanity has built 59 new homes and completed 16 Critical Home Repair (CHR) projects, thus providing safe, decent affordable shelter to over 300 men, women and children. During this fiscal year, 36 individuals were impacted by the money raised by this affiliate, and many more families in need will be served thanks to expanding fund development efforts.

In March of 2012, SGV Habitat for Humanity was invited to participate in a special meeting of the Southern California Association of California Affiliates (SCAA) and representatives from The Home Depot Foundation. At this meeting, Home Depot officials shared information about their national partnership with Habitat for Humanity and their investment in Habitat’s Critical Home Repair and Veterans Programs.

Habitat for Humanity and The Home Depot Foundation designed the Repair Corps program to offer needed critical home repairs to U.S. veterans and their families. SGV Habitat for Humanity applied to be one of a select few of affiliates to participate in this program which began in July 2012. The program grants provide up to $15,000 per home to cover the cost of a variety of repairs that focus on safe and healthy environments including roofing, weather stripping, installation of wheelchair ramps, renovated bathrooms and enlarged doorways to accommodate disabled veterans.

SGV Habitat for Humanity is working to expand this commitment to safe and decent housing for veterans and is forming financial partnerships such as that with The Walt Disney Company which recently refocused its charitable giving efforts to assist veterans.

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San Gabriel Valley Habitat for Humanity

Annual Report • Fiscal Year 2012

The Desiderio Campaign SGV Habitat will continue its work to serve veterans through the upcoming ninebungalow Desiderio Build in Pasadena. The U.S. Department of Housing and Urban Development (HUD) is in the process of approving a Public Benefit Conveyance of 1.29 acres of land on the former Desiderio Army Reserve Center site in the Arroyo-Seco neighborhood of Pasadena. To honor the heroic military service exemplified by Reginald B. Desiderio, for whom the Desiderio Army Reserve Center was named, outreach will be targeted to include low-income veterans in need of affordable housing.

As a vital part of the Desiderio Campaign, J.P. Morgan Chase donated a repossessed 5-unit apartment building on Elmira Street in Pasadena to SGV Habitat for Humanity. Volunteers have played a significant role in repairing and improving the buildings to make them decent, yet still affordable, living spaces. This property is one of the largest single donations ever received by SGV Habitat. When the rehabilitation work is finished and the building is sold, net proceeds will go towards the Desiderio Campaign, helping to make the dream of homeownership a reality for nine more Habitat homebuyers.

Elmira

Desiderio rendering San Gabriel Valley Habitat for Humanity

Annual Report • Fiscal Year 2012

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Strategic Initiative for Volunteers Maximize volunteer support for SGV Habitat’s programs, operations and resource development with the goal of growing future leaders for the affiliate In FY 2012, community volunteers logged 23,465 hours of service as they helped complete the Geneva Homes in Glendale; participated in Critical Home Repair projects; served on the Board of Directors, performed committee work on the Site Selection, Construction, Faith Relations, Fund Development, Family and Marketing committees. Volunteers also worked in the Pasadena and Azusa ReStores, in the office, and at fundraising events.

To recognize and thank the 2,099 volunteers who gave their time and talent this fiscal year, a Volunteer Recognition Reception was held. At this reception, members of Habitat’s Board of Directors presented the following awards:

Construction volunteer

The Loyal Order of the Bent Nail for volunteers who worked at least 200 hours at our construction sites. Roger Booth, Gillian Burton, Claire Cannon, Robert Dyer, Haydee Garcia, Jesus Gomez, David Kirakosyan, Robert Quintero and Dennis Tierney earned this award.

The Loyal Order of the Helping Hands for volunteers who have spent a comparable number of hours behind the scenes and at our ReStores. Michael Fortney, Amanda Gallagher, Lauren Klapp, Asuka Maejima, Drew Phillips, Diana Rafeedie-Nofal, Lorraine Reeves, Social Vocational Services, Paul Villegas, Bill Wofford, Gia Alparaz and Enrique Frausto received this award.

The Golden Heart Award, given to those who have spent years supporting our affiliate, typically in leadership positions. The five dedicated volunteers recognized with this award were Ljiljana Grozdanic, Paul McAnnally-Linz, Stefanie Rico, Nancy Weckwerth and Elaine Wilkerson.

Office volunteer

The Ace Cain Humanitarian Award, given to one person embodying the spirit of SGV Habitat’s founder John “Ace” Cain who provided years of guidance and transformational leadership. In 2012, this award was presented to Peter Zovak, who spent countless hours building and coordinating a strong partnership between San Gabriel Valley Habitat for Humanity and the City of Glendale.

Volunteers are the life blood of Habitat for Humanity’s work.

ReStore volunteer 12

San Gabriel Valley Habitat for Humanity

Annual Report • Fiscal Year 2012

2012 Ace Cain Humanitarian Award Peter Zovak, Deputy Director of Community Development for the City of Glendale, was honored for the support he has provided to San Gabriel Valley Habitat for Humanity (SGV Habitat) over the past 13 years. Since 1995, our affiliate has completed 34 affordable homes in seven separate developments in Glendale. Peter has been a part of all but the first of these builds. He and his staff worked with SGV Habitat in developing an Exclusive Negotiating Agreement (ENA) and a Disposition and Development Agreement (DDA) for each development.

Peter has taken both a professional and a personal interest in the success of each affordable housing build and is often seen at SGV Habitat’s build sites. He has also served as a facilitator for resolution of field challenges to ensure that solutions met the needs of City’s Design Review Board, all Glendale Departments, and the goal of keeping Habitat homes affordable. He has consistently been part of all Groundbreaking and Dedication ceremonies. The Glendale Housing Authority, along with Peter and his staff, have been effective champions for construction of quality affordable housing in the City of Glendale. The partnership Peter nurtured with SGV Habitat has enabled City of Glendale to eliminate pockets of blight that have been replaced with new Habitat homes and buyers who have become contributing members of the broader community.

Additionally, Peter has been an articulate spokesperson for the work of SGV Habitat in the broader San Gabriel Valley community. His endorsements are valued and appreciated as SGV Habitat strives to serve more and more cities within its chartered service area.

SAN GABRIEL VALLEY HABITAT FOR HUMANITY honors, thanks and awards

PETER ZOVAK

The Ace Cain Humanitarian Award 2012 For his leadership in promoting quality affordable housing, eliminating blight, and creating better lives for 34 low-income families through partnerships of City of Glendale and San Gabriel Valley Habitat for Humanity.

San Gabriel Valley Habitat for Humanity

Annual Report • Fiscal Year 2012

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Strategic Initiative for Leadership Staff and volunteers are committed and passionate leaders who effectively advance the work of SGV Habitat

SGV Habitat’s ReStores have raised funds that propelled the affiliate’s capacity to touch more lives by continuously building and repairing affordable homes.

In this Annual Report, we celebrate the leadership of Bill Anderson, ReStore Manager, who transformed the original ReStore located at 770 North Fair Oaks Avenue in Pasadena and opened a second ReStore located at 410 South Irwindale Avenue in Azusa.

The Pasadena “Builders Surplus Store” was opened in September 2003 when an 8,000 square foot space was rented from City of Pasadena and a Conditional Use Permit (CUP) was issued. Members of the Board of Directors, desiring to emulate the 14

San Gabriel Valley Habitat for Humanity

success of a similar Habitat for Humanity store in Dallas, Texas, worked nights and weekends to organize donated supplies. The affiliate’s Volunteer Coordinator, assisted by volunteers, served as the staff person operating the newly-opened store on an as-needed basis. Supervisor Mike Antonovich facilitated a donation of a retired County truck, and the Ludwick Family Foundation awarded a grant for purchase of a forklift and safety training for forklift operators.

In the first month of operation, the new store had net sales of $4,260. Net sales for FY 2004 reached $41,851.

Early in 2005, the Board of Directors endorsed a recommendation to hire a professional manager for the fledgling store. Bill Anderson, then Assistant Manager for Southern Lumber in San Jose, was relocating to the Pasadena area in August and agreed to accept this position with a modest salary plus a potential bonus of 10% of Net Operating Income (NOI) up to $15,000 per year. Just as Bill arrived to assume his responsibilities to grow NOI, the affiliate acquired an adjacent annex of 7,000 square feet. This space was immediately filled with a 135,000-gallon donation of discontinued paint from the Do-It Centers. Bill found the main retail area half filled with tile and other donated items placed

Annual Report • Fiscal Year 2012

on folding tables, hand-made racks or on the floor.

As the paint and tile were separated and displayed, sales increased.

The core tenant of Bill’s leadership was, and has remained, customer service—help customers find what they need, provide them with ideas for their projects, and make shopping at a SGV Habitat store a good experience.

In September, Bill recommended that the affiliate hire a Builders Surplus Store truck driver who would pick up large donations. The driver became the second staff member for the store and started to make regularly scheduled pickups using the donated 16’ stake bed truck. Net sales for FY 2005 jumped to $104,195.

In FY 2006, a cashier and a part-time retailer joined the store staff, and Board member Tom Doud secured a donation of new palette racks. Bill created and strategically placed “department” signs, and the increasingly professional store environment resulted in net sales of $248,984 for FY 2006.

FY 2007 saw volunteers with professional backgrounds in construction partnering to obtain store donations from businesses and contractors. This effort resulted in higher product quality. Thanks to large donations from Jet Set Studios and The Home Depot, net sales for March 2007 set a new benchmark of $40,000, and FY 2007 ended with net sales of $335,002.

Strategic Initiative for ReStores Increase ReStore contributions to operational expenses, moving towards the long-term goal that every donor dollar will go directly to construction costs Monthly sales averaged $30,000 throughout FY 2008, and the total net sales grew to $357,776.

City of Pasadena was moving forward to build the Heritage Square development on the site of the Pasadena Builders Surplus Store and issued a notice to vacate by October 31, 2008. In response, SGV Habitat searched continuously to find an affordable relocation space and finally signed a lease for similar space in Azusa. Bill worked to ready the new location for opening in January 2009. But during the fall of 2008, the economic and housing collapse derailed financing for the Heritage Square project.

Sales records were broken in FY 2010: • In August 2009, the Azusa ReStore had its first $40,000 net sales month • In March 2010, the Azusa ReStore had its first $60,000 net sales month • By June 2010, fiscal year sales for the two ReStores reached $846,811 and $354, 118 was returned to support the affiliate’s affordable housing mission.

SGV Habitat’s Board of Directors grasped the opportunity to pilot operation of two ReStores (a brand name and new logo then required by Habitat for Humanity International). Using the ReStore label in both store locations raised brand awareness, and hours for both ReStores were extended, making opportunities for donating and shopping available Mondays through Saturdays.

Net sales for the two ReStores reached $921,960 for FY 2011.

The Ahmanson Foundation awarded a capacitybuilding grant that enabled the new ReStore in Azusa to purchase a 16’ box truck and wrap the truck for mobile advertising of the new location.

The grant also funded a used forklift, essential for ReStore operations. In April 2009, a driver for the Azusa ReStore was hired, doubling the affiliate’s capacity to pick up ReStore donations. For FY 2009, the Azusa ReStore operated only five months, but the total net sales with two ReStores climbed to $500,879.

This achievement represents growth of 2500% over eight (8) years—an astounding achievement for Bill Anderson and his staff; a visionary journey for the leaders of SGV Habitat; a boon for citizens of the San Gabriel Valley who recycle and reuse while enjoying discount prices; and hope for low-income homebuyers and homeowners who benefit from the ReStores’ returns that support the affiliate’s affordable housing mission.

In 2010, the Azusa ReStore secured an AmeriCorps VISTA worker who initiated marketing on Craig’s List for high-value donations and unique inventory.

Fiscal Year 2012 introduced the ReStores’ first World Habitat Day Customer Appreciation Event which netted over $16,000, a one-day high in the history of the affiliate’s ReStores. In FY 2012, the heavily used Pasadena ReStore truck could no longer be repaired, but thanks to a grant from the Union Bank Foundation, a used 14’ box truck was purchased and wrapped with mobile advertising to promote the ReStores. In February 2012, net sales for a single month reached an all-time high of $147,207 in large part thanks to donations of new items from a popular TV show. As FY 2012 closed on June 30th, each ReStore had over $60,000 in net sales and the total net sales for the two ReStores exceeded a million dollars for the first time ($1,081,497) in the affiliate’s history.

Annual World Habitat Day Sale

ReStores are an integral component of SGV Habitat’s business plan. They funded 68% of the affiliate’s operational costs in FY 2012.

San Gabriel Valley Habitat for Humanity

Annual Report • Fiscal Year 2012

15

Financials $7,000,000

Assets

Current Assets: Cash and cash equivalents

Restricted Cash Investments

Contributions receivable

Mortgage loans receivable - current portion ReStore inventory

Houses Under Construction Other Assets

Non-Current Assets: Rental Property

Property and equipment, net of accumulated depreciation

Mortgage loads receivable - net or current portion, less discount

Total Assets

Liabilities and net assets

June 30, 2012

$1,519,569 $16,669

$270,966 $59,490

$223,221 $77,364

$1,265,509 $34,666

June 30, 2011

$3,000,000

$2,000,000 $1,000,000

$456,247

FY 2008

$16,969

$6,000,000

Total Unrestricted

Temporarily Restricted

$2,143,646 $5,360,107

FY 2008

Total Net Assets

Total Liabilities and Net Assets 16

$48,353 $89,934

$1,666,316

$1,021,156

$5,512,397

$4,805,238

$462,114

$5,974,511

$6,113,360

FY 2012

Total Revenues

$1,000,000

$3,000

$3,846,081

FY 2011

$2,000,000

$10,000

Board Designated

FY 2010

$426,303 $4,000,000

Deposits

Undesignated

Total Expenses

FY 2009

Net Assets

$5,000,000

$38,581

Unrestricted:

FY 2010

$3,000,000

$73,656

$74,965

Net Assets

FY 2009

$4,000,000

$219,228

Accounts Payable

$138,849

FY 2008

$5,000,000

$70,989

$3,000,000 $113,528

$53,884

Total Revenues

$1,000,000

$6,000,000

$401,809

Current liabilities

Accrued Expenses

$7,000,000

$16,524

$102,759

$6,113,360

Net Assets

$2,000,000

$1,421,208

$7,000,000 $2,676,630

$2,082,552

$5,000,000 $4,000,000

$3,467,454 $460,595

$6,000,000

Total Revenues and Net Assets

FY 2009

FY 2010

FY 2011

Program Services

$5,270,173

$5,360,107

89.6%

General and Administrative

5.3%

Fundraising

Support and Revenue Restore Sales and Donations

33.6%

$3,784,082 $464,935

4.9%

FY 2012

In-kind Contributions

38.1%

21.1%

2.1%

Other Income

0.3%

Donated Services

0.3%

Interest Income

4.4%

Imputed Interest Income on Mortgage Loans

Contributions and grants

FY 2011

Statement of Activities

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.

San Gabriel Valley Habitat for Humanity for the Year Ended June 30, 2012 with Summarized Comparative Figures for the Year Ended June 30, 2011

Support and Revenue

Contributions and grants In-kind contributions ReStore sales and donations Imputed interest income on mortgage loans Donated services Interest income Other income Net assets released from restrictions: Release of time restriction

Satisfaction of donor restrictions

Unrestricted

$453,893

$1,112,632

$1,083,480

$142,835

$10,020

$10,508 $68,973 $34,971

2012

Temporarily Unrestricted

$227,146

Total

$681,039

Unrestricted

Temporarily Unrestricted

$7,500

$1,354,126

–

$146,060

$506,394

$116,343

$1,228,978

$1,346,626

–

$142,835

$146,060

–

–

– –

–

($34,971)

$32,365

–

$79,011

($79,011)

$9,148 –

–

–

$44,746 $9,148

$32,365

$138,697

$3,233,650

–

$2,270,315

$1,989,708

–

$1,989,708

$123,024

–

$123,024

$168,276

–

$168,276

Total Expenses

$2,521,495

–

$2,521,495

$2,218,642

–

$2,218,642

Net Assets, Beginning of Year

$4,805,238

$464,935

$5,270,173

General and administrative Fundraising

Change in Net Assets

Net Assets, End of Year

$3,228,654

$128,156

$707,159

$5,512,397

–

($2,821)

$462,114

–

$19,450

$3,362,347

Supporting activities:

$2,270,315

$68,973

$25,296

$922,447

$3,225,833

Program services

($2,821)

$10,508

–

$714,758

($295,000)

Expenses:

($311,3420)

$10,020

$922,447

$208,364

Total

$295,000

total Support and Revenue

$311,342

$1,083,480

2011

$128,156

$60,658

–

–

$60,658

$704,338

$1,143,705

($138,697)

($1,005,008)

$5,974,511

$4,805,238

$464,935

$5,270.173

$3,661,533

$603,632

$4,265,165

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Charity Navigator’s 4-Star Rating

Awarded to SGV Habitat for the 5th consecutive year, placing our organization in the top 4% of all nonprofits rated by Charity Navigator

Boards and Staff Board of Directors

Hard Hat Council

Staff

Donald W. Goodman

John Mac Lean, Chair Donna Baker Chris Burau Tom Doud David Lazier Joan McCarthy Robert Picardo Vince Quinones

Sonja Yates

President—President, DG Consulting

Elaine Wilkerson

Vice President—Retired Planner, City of Glendale

PaulMcAnnally- Linz

Treasurer—Retired, Xerox Special Information Systems

Ann Dougherty

Executive Director

Damien Allen

Director of Construction

Catalina Velez Office Manager

Sayaka Ota Accountant

Lianna Cardenas

Secretary—Management Consultant

Honorary Board

Coordinator of Fund Development Support

Nicolas Alparaz

Supervisor Michael Antonovich Jon Barstad Mavis Cain Jack Conroy Merwyn Fair Charlotte Hogan Barbara Hudson Senator Carol Liu Mary Jane Macy Pat Myers Assemblymember Anthony Portantino

Marta McBride

Director—Senior Associate, PricewaterhouseCoopers

Gregory Barsamian

Director—Executive VP, Coldwell Banker Commercial

Thomas S. Bunn III,

Director—Attorney, Lagerlof, Senecal, Gosney & Kruse, LLP

George Hernandez

Director—Consultant, Real Estate and Economic Development

John Mac Lean

Director—Senior Loan Consultant, JPMorgan Chase & Co.

Andrew Pittroff

Director—Vice President, The House of Printing

David Reaume

Director —Owner/Builder David Reaume Construction & Design

Herb Rim

Director— Analytics, Revenue Management, Public Storage

Family & Volunteer Services Coordinator

Steve Solis

Coordinator of Marketing & Youth Programs

Lisa-Marie Stramaglia

Coordinator of Faith Relations

Anselmo Mata

Construction Assistant

ReStores: Bill Anderson

Director of ReStores

Eric Bridges

ReStore Manager, Azusa

Micah Hillis

ReStore Manager, Pasadena

Matt Vincent

ReStore Assistant Manager, Azusa

Brittné Anderson

ReStore Administrative Assistant, Azusa

ReStore Driver: Walter Rea ReStore Sales Associates:alter Rea Craig Chew Merrick Drake Manny Flores Duncan Greer Erik Kristiansen Don Meeker Phillip Pasos Michael Springs

OUR FUTURE The Desiderio Homes