2015 Renewal
Mission Statement WWHT strengthens the communities of Southeast Vermont through the development and stewardship of permanently affordable housing and through ongoing support and advocacy for its residents.
Design & Copywriting New Ground Creative, Brattleboro, Vermont
Photography Jeff Woodward Photography, Guilford, Vermont
Dear Friends The trees are just now showing their buds, and we’re thinking about renewal. The past year brought fresh starts for old buildings. People often ask “What’s new with the Housing Trust; what are you working on?” Well, in 2014, what was old was “new”: we began the process of renovating quite a number of our properties purchased in the early 1990’s. These apartment buildings, in scattered locations in Wilmington and Brattleboro, have served as great homes for individuals and families for close to 25 years. It was time to undertake some work to improve energy efficiency, tune up systems, replace kitchens and baths, and put on a fresh coat of paint. Time for renewal! This project—encompassing 12 buildings with 72 apartments—will take over two years to complete. The Housing Trust has always been proud of its role revitalizing neighborhoods. Now, 25 years later, we are equally proud of our focus on preserving precious affordable housing and great places to live. Each year as we plan our work we renew our commitment to serving the housing needs of our entire two-county region (see the map on the inside back cover for proof of that!). In 2014, our SASH (Support and Services at Home) Program served over 100 senior and disabled renters and homeowners in Windsor, helping them to maintain their health and remain independent. A brand new SASH program was opened recently in West Dover. In 2014, we counseled over 60 homeowners facing foreclosure, and oversaw 30 home repair projects in communities stretching from Whitingham to Barnard. Our Housing Counselors in Springfield and Brattleboro provided homebuyer education to 96 prospective homeowners, and helped 55 families to purchase a home. Lastly, we provided safe, affordable housing to 992 residents of our two counties. Throughout the year, we hear stories about the impact of this work on the lives of those we serve. For a homeless family, it’s the joy of a new apartment, one they can afford. For local homeowners, it’s the relief of receiving help with home repairs that feel overwhelming. For a new homeowner, it’s the pride of reaching a personal goal. You’ll see some pictures and quotes on the pages of this report. We see the courage and resilience of our clients and are inspired. As they imagine a better future for themselves, we’re going to work with them to make that happen. To our partners, supporters, and friends: thank you. Your support makes it all possible.
Connie Snow Executive Director
Drew Richards President
“When you become paralyzed, you lose a fair bit of independence. Moving into my own home, with room for me to move around and for my daughter to have her own space . . . I feel like I got some of that independence back.” —Rod Weston
North Springfield, Housing Counseling and Homebuyer Education Program
Our Donors Thank you! Windham & Windsor Housing Trust thanks its many supporters for their incredible generosity in 2014. Our work would not be possible without you! Listed below are our current supporters—individuals, businesses, agencies, organizations, and foundations —who have made gifts between January 1 and December 31, 2014. If we have incorrectly listed or omitted your name, please accept our apologies and help us improve our accuracy by calling our Development Department at 802-246-2124. Thank you.
Stewards ($5,000 and over) Patrons ($2,500–$4,999) Benefactors ($1,000–$2,499) Sustainers ($500–$999) Partners ($250–$499) Supporters ($100–$249) Friends ($99 and under)
Project and Program Support Agency of Commerce and Community Development Citizen’s Bank Foundation Citizen’s Housing and Planning Association (CHAPA) Connecticut River Bank Efficiency Vermont (EVT) Enterprise Community Partners Green Mountain Housing Equity Fund VI Keybank NeighborWorks® America Passumpsic Savings Bank Southeastern Vermont Community Action (SEVCA)
TD Charitable Foundation TD Bank, N.A. Town of Guilford U.S. Department of Housing and Urban Development (HUD) U.S. Treasury Granite United Way United Way of Windham County Vermont Center for Independent Living Vermont Community Development Program (VCDP) Vermont Community Foundation Vermont Country Store Vermont Department of Financial Regulation Vermont Fuel Efficiency Partnership (VFEP)
Vermont Housing & Conservation Board (VHCB) Vermont Housing Finance Agency (VHFA) Vermont Lead Program Westminster Community Improvement Program
Individuals & Businesses Stewards Anonymous Celia & Adrian Segar Leo Schiff & Joy Hammond Brattleboro Savings & Loan The Richards Group Patrons Anonymous Jill Spiro & Stephan Morse Mark & Liz Richards Chroma Technology Corporation Laura Howat Savings Bank of Walpole Barry & Elsa Waxman Whit & Tonia Wheeler Benefactors Anonymous Brattleboro Ford Subaru John & Kathryn Greenberg Naylor & Breen Builders, Inc. People’s United Bank Sovernet Communications Stevens & Associates Jeanne & Ray Walker Jack & Judy Davidson Tom & Rhonda Gioia Leland & Maureen Hall Donald Freeman & Kathleen Graves Connie Snow & Rus Janis Bast Investments Brattleboro Retreat
Charlotte Belser Dead River Company John & Lisa Manuele Scott McKusick Libby Mills & John Barnett NBF Architects PC New Chapter Northeast Home Loan Sally Pennington & Billy Fitzgerald Drew & Tammy Richards Jeff Shumlin & Evie Lovett Trust Company of Vermont Vermont Country Store Bruce Wellman & Leslie Cowperthwaite Sustainers Anonymous Silver Forest of Vermont, Inc. Marshall & Veronica Wheelock Roxane Friedman Bruce & Bette Abrams Larry & Marilyn Cassidy Commonwealth Dairy Bill Conley & Christie Herbert Jack & Judy Davidson Molly & David Dye Seth Harter & Kate Jellema Earl & Polly Hoffman Gardiner & Nicholas Lapham Julie Peterson & Jack Wesley River Valley Credit Union Sherlock Investment Management, Inc. Prentiss & Elizabeth Smith Stewart Property Management The Putney School Malcolm & Marge Wright
Partners Anonymous Reed & Barbara Anthony David & Joanne Corey JD Kantor, Inc. Pat Beu, Attorney Claudette Hollenbeck Mary Houghton J. Parker Huber Cheryl Wilfong & Bill McKim Applied Bolting Crispe & Crispe, Attorneys at Law Bernie LaRock & Son Brown & Roberts Ace Hardware Black River Produce Brattleboro Food Coop Cocoplum Appliances Corum, Mabie, Cook, Prodan, Angell & Secrest, PLC Sydney Crystal & Bill Lax Bob & Booie Fagelson Farnum Cellulose Insulators Friends of the Sun Craig Hammond & Elizabeth Vick Barbara K. Henderson Michael J. Hertz Teta Hilsdon Ingram Construction Corp Mark & Janet Janis Wolf Kahn & Emily Mason Vermed, Inc. Joe & Anne Little Liz Pritchett Associates John Mabie & Valerie Stuart Mary Meyer MFG Co., Inc. Mascoma Savings Bank New Ground Creative Oak Meadow School Phoenix Roofing Pinnacleview Equipment, Inc.
“We know how it feels to be homeless, but now the kids have their own rooms, we can sit at a table, we can bake. The future feels a whole lot better.” —Samantha Pecor and her mother, Martha Clement Brattleboro, Affordable Apartment
“The house was just getting so overwhelming. My daughter has special needs and was having a really tough time. When WWHT came to help, it allowed me to focus on the most important thing, taking care of her.” —Lori Thomas
(pictured with her daughter and mother) Dummerston, Home Repair Program
Pride Development LLC Lois Ruttenberg Diane & Bari Shamas Sojourns Community Health Clinic Michael & Eileen Sweeney The Grafton Inn The Grammar School The Melanson Co., Inc. Triple T Trucking Vermont Academy VSECU Nicolas & Muriel Wallaert Janet Wallstein & Jane Dewey Wireless Zone of Brattleboro WW Building Supply Tom Yahn & Ann Fielder Donald Yanke Dan & Edie Yates Rick Hamm & Jim Lober Deb & Dana Zak Supporters Anonymous (5) Jared Flynn & Elizabeth Catlin David Grobe Frank & Lois Forester Timm Harris & Ursula Nadolny Dick & Nan Heminway Deborah Luskin & Tim Shafer Eric & Dale Morse Karen Noble James & Carolyn Olivier Peter & Liz Richards John Romano & Elaina Newport Amy Wright & Gil Livingston Katie Buckley Ken & Cal Heile
Environmental Compliance Services Randy & Karen Hesse Bill & Marty Kelly Anne Rider & Rob Hinrichs Victor M. Shappy, Sr. Bienvenue & Ackel Gordon Faison & Eleanora Patterson Richard Geidel & Nancy Braus Tom & Connie Green Georges & Lynn Herzog Jerry Carbone & Kathleen Maisto Adam Bennett Bruce & Catie Berg Jack & Judith Berkley Debbie Boggs & Maggie Barmack Bonnie Bollman & Blanche Lavoie John Bouffard Against the Grain Gourmet Foods John Chard Clay Point Associates Charles Colmore Lynda & Arthur Copeland Carol & Stephen Coronella Duncan Wisniewski Architecture John & Jane Katz Field Elizabeth Fisher Bill & Suzanne Flynt Maggie Foley & Peter Welch Thomas Franks Alice & Castle Freeman Denny & Peggy Frehsee Tom Freiberger & Marilyn McQuaide Peter Galbraith Isabelle Gander Sandy & Mark Garland Derek Grimes Steven & Michelle Grover Michael & Cindy Hanley
Jeff Hastings Greg Hessel & Ariel Brugger Fred Humphrey Richard Jackson Steven John & Kimi Hasegawa Joy Wah Restaurant Jonathan Julian Robert & Betty Karg Alberta & William Knorr John Kristensen Ann & Doug Kroc Martin & Bev Langeveld Kathryn Angell & Herman Leonard Robert & Pamela Lierle Dr. Craig & Gail Llewellyn Ann Manwaring Albert & Margo Matt Warren & Anne Montgomery Meg & Alison Mott Paul & Jody Normandeau Cathy Osman & Timothy Segar Ryan Ostebo Verandah Porche & Richard Coutant Lauren & Bradley Poster Walter Purda Purjes Foundation Annie Richards Peter & Katie Robb Dr. & Mrs. Robert Ruhl Salmon & Nostrand Attorneys at Law William Sanders Glenn & Shelley Seward Steven Shriner & Janice Warren Cynthia Shulga Jared & Leland Smith Peter & Jean Smith Lucy M. Stamp Phil & Marcia Steckler Peter Stolley Byron & Lee Stookey
Billy Straus & Lynne Weinstein Gennifer Sussman Donna Sweaney & Dr. William Ballantyne Betsy Swift Jane & Ron Tarsy Burt & Harriet Tepfer Barbara & Alan Ternes The Melanson Co., Inc. Nick & Joan Thorndike Margery & John Thurber Felicia & Jim Tober Vermont Foam Insulation Dick & Harriet Virkstis Sarah Waldo Ann Warrell Kent & Patty Webster George & Joan Weir Friends Anonymous (3) Anita Carlson-Allen Geordie & Suzanne Heller Marquise & Morano LLC Peter Saulnier Marcia Spencer Jerry & Janice Stockman Tara & Todd Brown Katrina & Chris Willette Jonathan Klein Builders Christopher & Carmen Derby John & Karen Abel Rentals Plus Ruth Allard & Erik Schickedanz Ruthanne Batchelder Susan Bonthron & Gilbert Ruff Carl Boyd & Carolyn Palmer Fred Breunig & Patrice Murray Wayne Carhart John & Mary Carnahan
Sarah Carter Joan Cersosimo Michael Cersosimo Jonathan & Sanya Chapman Edward Cooney-Moore & Susan Williams Peter A. Cooper Donald Coughlin Valerie Dahl Margaret & Edward Doty Zon Eastes & Peggy Spencer Chris Ellis & Marc Cohen Alice Emmons Richard Epstein Michael Fannon Michael Fellows & Dr. Jacqueline Fellows Anne Fines Bo Foard & Melany Kahn Rebecca Fontaine Peter & Christina Gibbons Gary & Mary Goodemote Nancy & Scott Goodrich Matt & Carol Guild Marty Hammond George & Rose Haynes Rachel Henry Mary Ann Holthaus Julie Hoyt Rebecca M. Jones, MD & Scott Wade Bob Kendall Larry & Miriam Lanata Dave & Kathy Larsen Lawrence & Wheeler Insurance Lawton Floor Design Susan LeCours Steven & Linda Lembke Lew Teich Custom Woodworking Louise Luring Heidi Lynn Christopher Manning
Richard A. Marasa Tom Martyn & Kelli Warriner Edmund & Marcy McElroy Merchants Bank Lisa Merton & Alan Dater Deborah & George Moser Ilse Moss Bill Murray & Alison Macrae Margaret M. Murtha Jane Norgren Tom & Gail Nunziata Roger & Betsy Owen John Reed Tim & Karen Reynolds Bill & Mary Lou Schmidt Peter & Susan Sherlock Rosemary & Gary Sisto Gary Swindler Rob & Lydia Thomson Josh & Kate Traeger Christine Triebert & Carol Ross Peter Vandertuin Konstantin & Lauren Von Krusenstiern John von Wodtke & Shari Zarin Mara Williams Oakes Alex & Jerelyn Wilson Cheryl Wilson Muriel Wolf Mike & Julie Wood Connie Woodberry Jim Woodberry & Laura Pratt Lowell & Janet Young Toby Young Steve Aikenhead Larry Alper & Kathy Ernst Steve & Nancy Detra Leslie Drexilius Greg Howe & Alice Charkes Jim Maland
“My rent is much more affordable here. Now I can put some money away each month and feel more secure. Maybe in a few years, I could start a retirement fund.” —Darrell Lavoie
Windsor, Affordable Apartment and SASH program (Support and Service at Home)
“This was the home my parents bought after the war. My brother and I were raised in this house and we wanted to stay here and live independently. That only became possible because WWHT helped us so much.” —Pat Mellish and her brother James Brattleboro, Home Repair Program
Janet & Walter Schwarz Lynn Levine & Clifford Adler Nancy & Bob Dimauro Zeke & Linda Hecker Charles & Lynn Leighton Jon Schottland John T. Spicer Michael Bosworth & Naomi Lindenfeld Ellen Fairchild Martyn Evan Bolivar Glenn & Rose Boynton Kevin & Lauren Campbell Arnold & Elayne Clift Herman & Nancy Crawford Don & Carlotta Cuerdon Jonathan Flaccus & Marcy Hermansader Caroline Fritzinger Jean Giddings & Thomas Ehrenberg Michael Goldberg & Terry Keegan Richard Hamilton Ian & Elizabeth Harrison Dan Ingold & Margaret Smith Michael & Judith Jerald Carol Ann & Peter Johnson Mia Joiner-Moore & Liz Moore Phil & Melanie Jones Helen Jost Michael Landis & Leslie Kinney Chloe Learey Marjory Lehrer Debra Loevy Reyes Susan Longsjo Judith & Stan Louderback Bob Lyons Dan & Gail MacArthur Luke Morse Mimi Morton Pat Moulton
Senator Alice Nitka Maryann Parrott Amy Plavin Robert & Judith Rosenkranz Carol Schnabel & Peter Hetzel Ellen Schwartz Andrew Simonds & Leslie Reed Tawny Staskunas & John Herr Muriel Taylor Bob & Karen Tortolani Susan Troy Tim & Laurie Callahan Elizabeth W. Christie Carol & Tom Grant Mike & Judy Martin Peter & Patricia Morris Jill Newton N.H. Pelsue Jr. Christopher Wesolowski Beverly Alberts Augusta Bartlett RoseAnn Grimes Hildamarie Hendricks Signs of Vermont Karen Becker Sara Chard Jean Cincotta Gary & Carol Debarba Susan Frishberg Bettina Krampetz Ann Ottaviano Anthony & Karen Speranza Nadine Swift & Julie Budde Elizabeth Tannenbaum & Peter Falion
In Kind Donors C & S Wholesalers Price Chopper— Golub Foundation Walmart
2014 Event Sponsors Brattleboro Savings & Loan The Richards Group Chroma Technology Corporation Savings Bank of Walpole Brattleboro Ford Subaru Naylor & Breen Builders, Inc. People’s United Bank Sovernet Communications Bast Investments Brattleboro Retreat Dead River Company New Chapter Northeast Home Loan Scott McKusick Vermont Country Store Commonwealth Dairy NBF Architects PC Sherlock Investment Management, Inc. Stewart Property Management The Putney School Applied Bolting Attorneys at Law Bernie LaRock & Son Black River Produce Brattleboro Food Coop Corum Mabie Cook Prodan Angell & Secrest, PLC Farnum Cellulose Insulators Friends of the Sun Mary Meyer MFG Co. Inc. Mascoma Savings Bank New Ground Creative Oak Meadow School Pinnacleview Equipment, Inc. Silver Forest of Vermont, Inc. Sojourns Community Health Clinic The Grafton Inn The Grammar School Vermont Academy Wireless Zone of Brattleboro
Balance Sheet Decemer 31, 2014 ASSETS Current Assets Cash Accounts Receivable Revolving Loans Receivable, current portion Development Fee Receivable (Net of $82,300 Allowance) Grants Receivable Shop Inventory Prepaid Expenses Assets Held for Sale Partnership Receivable Total Current Assets
1,424,635 24,838 64,224 206,484 74,063 10,118 15,303 186,551 43,101 2,049,317
Other Assets Deposits Held in Trust & Restricted Reserves Property & Equipment (Net of Depreciation) Partnership Loans Receivable (Net of $80,000 allowance) Revolving Loans Receivable, less current portion Other Loans Receivable (Net of $91,874 allowance) Deferred Interest Receivable Investment In Partnerships Total Other Assets Total Assets
514,376 5,079,250 3,604,091 1,761,366 236,970 263,595 1,891,844 13,351,492 15,400,809
LIABILITIES & NET ASSETS
Current Liabilities Accounts Payable Accrued Payroll & Related Liabilities Security Deposits & Escrow Accounts Other Current Liabilities Notes Payable—Current Portion Total Current Liabilities
51,945 88,532 33,807 61,985 19,000 255,268
Long Term Liabilities
Long Term Debt, less current portion Total Liabilities
Net Assets Unrestricted Temporarily Restricted Permanently Restricted Total Net Assets Total Liabilities & Net Assets
1,094,221 1,349,489
6,271,778 2,476,553 5,302,989 14,051,320 15,400,809
“My family have all passed away and none of them ever fulfilled their dream of own ing a home. Now I’m living that dream for all of them and I can’t tell you how much it means to me.” —Scott Martin
Newfane, Shared Equity Homeownership Program
Consolidated Statement of Activity Years Ended December 31, 2014 and 2013 Revenue and Support Grant Income Rental/Lease Income Contributions & Special Events Interest Income Development Fee Income Other Income Management Income Repair & Maintenance Services Gain/(Loss) on Acquisition/Disposals Total Revenue and Support
2014 2013 1,230,172 448,518 147,773 71,588 560,900 40,513 212,269 174,773 -780,999 2,105,506
1,804,057 624,763 111,948 68,819 304,300 106,591 191,018 149,067 -37,525 3,323,038
Expenses
Program Services Property Management 1,002,728 1,193,814 Housing Development 183,264 168,962 Homeownership 270,423 288,465 Lending 290,795 279,409 SASH 72,971 49,010 Heat Squad 72,077 15,867 Total Program Services 1,892,260 1,995,527 Supporting Services General and Administration 302,937 278,850 Fundraising 127,632 123,604 Total Supporting Services 430,569 402,454 Total Expenses 2,322,828 2,397,981 Change In Net Assets Before Transfers Net Assets—Beginning of Year Net Assets—End of Year
-217,323 14,258,643 14,041,320
Audits are available upon request. Financial reports exclusive of BACLT Housing Corporation activity.
925,057 13,333,586 14,258,643
Our Staff Elizabeth Bridgewater Director of Homeownership
Tara Brown Loan Administrator
Nancy Goodrich Housing Counselor
Connie Snow Executive Director
David Grobe Housing Rehab Specialist
Tawny Staskunas Revolving Loan Fund Intake Specialist
Katie Buckley Director of Housing Development
Betsy Hall Housing Development Assistant
Tim Callahan Director of Property Management
Tim Herzig Staff Accountant
Sara Chard Assistant Property Manager Denise Dupuis SASH Coordinator, Windsor County Jerry Freeman Housing Rehab Specialist Melanie Gaier Housing Counselor Sandy Garland Director of Finance Ginger Gaudette Property Manager
Phil Jones Maintenance Mechanic Darlene Kelly Housing Counselor Scott Newton Maintenance Mechanic Ralph Nichols Maintenance Mechanic Morey Page Maintenance Supervisor Jenn Short Property Management Intake Specialist
Bruce Whitney Heat Squad Coordinator Katrina Willette Office Manager/ Bookkeeper Deb Zak Asset Manager Chris Zappala Maintenance Mechanic
Our Board Evan Bolivar Brattleboro
Martin Langeveld Vernon
Alice Emmons Springfield
John Mabie Brattleboro
Elizabeth Fisher Secretary Brattleboro
Julie Peterson Brattleboro
Denny Frehsee Brattleboro
Drew Richards President Newfane
RoseAnn Grimes Brattleboro
Barbara Ternes Bellows Falls
Greg Hessel Brattleboro
Dan Yates, Vice-President Brattleboro
Teta Hilsdon Brattleboro Claudette Hollenbeck Wilmington Mary Houghton Treasurer Putney
Windsor FPO
Windsor 149
Ludlow
1
21
Cavendish/ Proctorsville Weston
4
Springfield 15
4 Chester 6
1
37
5
Bellows Falls 66
15
11
Saxton River 17
Windham Dover 33
Westminster 6
Brookline 1
4
Putney
Newfane 2
Dummerston Wilmington 7
4 Marlboro
Whitingham 9
5
3
WWHT Housing Opportunities
22
1
Brattleboro 265
Guilford 24
7
19
38
1 Vernon 2
Key
Number of 637 Rental Apartments 131 Single Family Home 40
Mobile Home Lots
7
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For more information, visit w-wht.org; or call the Brattleboro office at 802-246-2116, or (toll free in-state) 888-294-9948; or call the Springfield office at 802-885-3220.
NMLS #187229
68 Birge Street, Brattleboro, Vermont 05301
Permit #1
Putney, VT
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Non-Profit Org
