Providing a Foundationfor the Future

A N N U A L R E P O R T 2 0 0 6 - 2 0 0 7

Executive CommitteeBoard Chair Dr. Stacey Lambert Nova Southeastern University

Board Vice Chair David M. Hawthorne Akerman Senterfi tt

Treasurer Jose L. Gonzalez Accelerated Consulting Group

Secretary Janice Anastasato 9Muses Art Center

DirectorsBarbara Capeletti Great Florida Bank

Luis Colon

Gary R. Fine Rodham & Fine, P.A. (ex-offi cio)

James L. Fried Sandstone Realty Advisors

Phillips G. Gay, Jr.

René Harrod Berger Singerman

Mary Hoilett

John J. Macchia Wachovia Bank

Shawn Masur Monahan Masur Construction, Inc.

Jeffrey Mindling BankAtlantic

Malcolm Pearson Housing Advocate – Young Adults

Sandra Robert

Cindy Wills Bank of America

Community Advisory Council

Board of Directors

We also thank Nancy Ion, who passed away earlier this year, for her dedication in serving on the Community Advisory Council. Nancy will be missed, and we offer our condolences to her family members.

Celena Blade

Sandy Brittain

Lisa Celestin

Luis Colon

Wence Cory

Phillips S. Gay, Jr.

Josephine Harris

Mary Hoilett

Carlton Hughes

Garry Lacroix

Dr. Stacey Lambert

Steve McAvoy

Evelyn Miller

Harry Nash

Joanne Richter

Sandra Robert

Pauline Rowe

Philip Santo

Elvira Sears

Matt Sokol

Cathy Jo Westervelt

Thank YouMany thanks to our residents who agreed to be photographed for this annual report and other printed materials.

MissionThe mission of Broward Housing Solutions is to provide quality housing opportunities to meet the needs of lower income persons with mental illness.

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Dear Friends,

We look back on a year of success and ahead to an exciting year of new beginnings.

This past year we truly provided a fi rm foundation for the future of those we served. We provided 174 mental health consumers with homes in our rental housing units and supported 83 consumers with rental subsidies. We also made great strides in the construction of two properties for our Housing Solutions for Young Adults program, which assists those with mental illness who are aging out of foster care.

This year we also launched the Peace of Mind Giving Society, a fundraising program kicked off at a luncheon featuring actress Patty Duke. And we hosted a better-than-ever annual event, “Raising the Roof,” always a highlight of the year.

The bottom line is we accomplished our mission of providing quality housing for lower income persons with mental illness. We did so with the leadership of a strong, professional board, a network of fi ne community volunteers, and a top notch staff.

We also accomplished this through the outstanding leadership of Nancy Merolla, who served as president/CEO of Broward Housing Solutions for seven years and previously as a board member for four years. We thank Nancy for all she did for this organization and wish her the very best in her new position.

We look forward to a bright future as we continue to provide housing – the foundation upon which safe and secure lives are built – for mental health consumers. Thank you for your continued support.

Sincerely,

Dr. Stacey LambertDr. Stacey LambertChair, Board of Directors

From the Board Chair2

Highlights

Success Reigns at Broward Housing Solutions’ Fundraisers

This past year saw the launch of the Peace of Mind Giving Society, which offers a myriad of donation opportunities and giving benefi ts, at a wonderful event featuring actress and author Patty Duke. Ms. Duke, the keynote speaker at the elegant luncheon in November, lives with bi-polar disorder and is a strong advocate for the mentally ill. She shared her compelling story with the 357 guests at the luncheon.

The Peace of Mind Giving Society kick-off luncheon was made possible through the support of presenting sponsors LXR Luxury Resorts, Hyatt Regency Pier Sixty-Six Resort & Spa, Bank of America and Eli Lilly & Company. The luncheon took place under the leadership of Honorary Co-Chair Carlos Reyes of Akerman Senterfi tt, Honorary Co-Chair Marcia Barry-Smith of BankAtlantic and Event Chair Sandra Robert.

Broward Housing Solutions hosted a second event in March, which was just as successful. The casual event, featuring a “Raising the Roof” construction theme, was hosted by Honorary Co-Chairs Gene and

Cathy Whiddon of Prudential Florida 1st Realty and Event Chair Barbara Capeletti from Great Florida Bank.

The Raising the Roof event, which attracted more than 350 guests, honored Broward County Commissioner Diana Wasserman-Rubin, Florida Substance Abuse and Mental Health Corporation Secretary Rocky Rodriguez and LXR Luxury Resorts.

Many thanks to all of the supporters of Broward Housing Solutions who ensured the success of these events!

A Peace of Mind Giving Society: Patty Duke (second from left) with sponsors Peter Henn from LXR Luxury Resorts, Rebecca Ward from Bank of America and Rafael Robert from Eli Lilly & Company.

B Peace of Mind Giving Society: Fort Lauderdale commissioners Charlotte Rodstrom, Cindi Hutchinson and Carlton Moore present a key to the city to Patty Duke.

C Peace of Mind Giving Society: Board member David Hawthorne, ex-offi cio board member Gary Fine and Board member Shawn Masur enjoy the Peace of Mind Giving Society Event.

D Peace of Mind Giving Society: Patty Duke speaks to the media.

E Peace of Mind Giving Society: Honorary co-chairs Marcia Barry-Smith and Carlos Reyes (left) are pictured with Patty Duke, Broward County Commissioner Diana Wasserman-Rubin and former Broward Housing Solutions President/CEO Nancy Merolla.

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F Peace of Mind Giving Society: Board member Jan Anastasato (right) presents one of her original pieces of art to Patty Duke.

G Raising the Roof: Board member Phil Gay (left) and WPLG Local 10 sports anchor John Henry Smith (right) congratulate Bill Stanton, representing LXR Luxury Resorts.

H Raising the Roof: The Raising the Roof committee celebrates the construction theme. Pictured are Sandy Brittain, Event Chair Barbara Capeletti, Nancy Merolla, Honorary Chairs Gene and Cathy Whiddon, Honoree Rocky Rodriguez, Brett Atkinson and Honoree Bill Stanton.

I Raising the Roof: Board chair Stacey Lambert congratulates honoree Rocky Rodriguez.

J Raising the Roof: Former Board chair John Macchia (left) thanks honoree Broward County Commissioner Diana Wasserman-Rubin, with emcee John Henry Smith.

K Raising the Roof: This annual event is possible only with the support of many corporate and individual sponsors. Thank you!

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By providing affordable housing, Broward Housing Solutions enables the mental health consumers it serves to build their lives on a strong foundation, allowing them to thrive and live safely in an affordable environment. To accomplish this, Broward Housing Solutions offers the following programs:

Rental Housing ProgramBroward Housing Solutions offers permanent supportive housing to

mental health consumers through its Rental Housing Program to allow clients to live independently throughout Broward County. Permanent supportive housing enables residents to live independently by paying no more than 30 percent of their gross monthly income for rent.

These apartment and townhouse units are located across Broward County and are accessible to public transportation, shopping, employment opportunities and services. Based on the tenant’s housing needs, one, two and three bedroom properties are available in various cities. Affordability is maintained through rental subsidies up to the allowable rent which are supplemented through grants.

Housing Subsidy ProgramBroward Housing Solutions administers a Housing Subsidy Program

in partnership with the Florida Department of Children and Families (DCF) Substance Abuse Mental Health Program Offi ce and the Broward County Human Services Department that assists with housing expenses on several levels:• Emergency Assistance is provided to mental health consumers who

experience a sudden change in their life situation necessitating rental assistance.

• Transitional Assistance is offered for up to four months to individuals who are diligently moving toward fi nancially sustaining themselves without subsidy assistance.

• Long Term Assistance supports mental health consumers who are Broward Housing Solutions’ tenants for an indefi nite period. This help is available to those who can’t support themselves because of their illness or an educational pursuit.

Program Update5

Homeownership SolutionsBroward Housing Solutions offers a lease option purchase program,

called Homeownership Solutions, for low to moderate income residents with mental illness. This housing program enables tenants to lease affordable rental housing from Broward Housing Solutions for up to two years and then qualify for a mortgage and become a homeowner.

With the help of local government and fi nancial institutions, special interest rates and loan guidelines assist these potential homeowners. This program matches qualifi ed borrowers with properties within their price ranges. Broward Housing Solutions raises funds throughout the community to assist residents with down payment assistance, closing costs and renovation funds toward homeownership.

Housing Solutions for Young AdultsHousing Solutions for Young Adults provides housing for young

adults coming out of the foster care system who are recovering from mental illness. Broward Housing Solutions partners with SOS Children’s Villages and Henderson Mental Health Center to provide a solution for these young adults, who in most cases have lived their childhood under the protective care of the state, and at age 18 are required to fend for themselves, typically with no support system. This innovative program is one example of how Broward Housing Solutions executives see a need in the mental health community and work to fi nd a solution.

If I didn’t have my apartment today, I’d be dead or on the street. I’m very grateful for what I have today.

– Katherine, a Broward Housing Solutions resident

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$187 is the average rent payment for a Broward Housing Solutions apartment

90 rental apartments provide homes for Broward Housing Solutions tenants

143 tenants live in Broward Housing Solutions apartments

82% of Broward Housing Solutions tenants surveyed have had fewer hospitalizations since moving into their apartments

58% of Broward Housing Solutions tenants were homeless prior to entering our program

35 children live in Broward Housing Solutions apartments

1 in 5 families in America are affected by mental illness, according to the National Alliance on Mental Illness

By the Numbers

$1,002,996 (56%) Government Grants $120,775 (7%) United Way and Other Grants $73,481 (4%) Contributed Services and Materials $364,899 (20%) Residential Rents $195,852 (11%) Special Event Proceeds $28,207 (2%) Interest and Other Income

Percentages are approximate values

$1,786,210received in total

public support & revenue56%20%

11%

4%

7%

2%

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Board members Jeff Mindling and Malcolm Pearson at the Raising The Roof event.

Financial SummaryStatement of Financial Position June 30, 2007

ASSETSCash $436,950 $ — $ — $436,950 Grants and contracts receivable $154,093 $ — $ — $154,093 Other receivables $8,657 $ — $ — $8,657 Prepaid expenses $124,134 $ — $ — $124,134 Property and equipment, net $373,163 $5,299,978 $1,065,055 $6,738,196 Other assets $1,455 $ — $ — $1,455

TOTAL ASSETS $1,098,452 $5,299,978 $1,065,055 $7,463,485

LIABILITIES AND NET ASSETS Accounts payable and accrued expenses $19,854 $ — $ — $19,854 Mortgages and notes payable $66,970 $3,334,829 $ — $3,401,799 Security deposits payable $53,701 $ — $ — $53,701

TOTAL LIABILITIES $140,525 $3,334,829 $ — $3,475,354 NET ASSETS $957,927 $1,965,149 $1,065,055 $3,988,131

TOTAL LIABILITIES AND NET ASSETS $1,098,452 $5,299,978 $1,065,055 $7,463,485

Statement of Activities June 30, 2007SUPPORT AND REVENUEGovernment grants $ — $1,002,996 $ — $1,002,996 United Way and other grants $60,000 $60,775 $ — $120,775 Contributed services and materials $16,618 $56,863 $ — $73,481 Residential rents $364,899 $ — $ — $364,899 Interest income $9,455 $ — $ — $9,455 Special event $195,852 $ — $ — $195,852 Other $18,752 $ — $ — $18,752 Net assets released from restrictions- Satisfaction of program restrictions $1,165,592 $(1,165,592) $ — $ —

TOTAL PUBLIC SUPPORT AND REVENUE $1,831,168 $(44,958) $ — $1,786,210

EXPENSESProgram Services - Housing program $1,149,535 $ —- $ — $1,149,535 Supporting Services: Management and general $255,683 $ — $ — $255,683 Fundraising $243,674 $ — $ — $243,674

TOTAL EXPENSES $1,648,892 $ — $ — $1,648,892

INCREASE IN NET ASSETS $182,276 $(44,958) $ — $137,318 INTERFUND TRANSFERS $(64,224) $(65,775) $129,999 $ —

CHANGE IN NET ASSETS $118,052 $(110,733) $129,999 $137,318 NET ASSETS - JULY 1, 2006 $839,875 $2,075,882 $935,056 $3,850,813

NET ASSETS - JUNE 30, 2007 $957,927 $1,965,149 $1,065,055 $3,988,131

TEMPORARILY PERMANENTLY UNRESTRICTED RESTRICTED RESTRICTED TOTAL

TEMPORARILY PERMANENTLY UNRESTRICTED RESTRICTED RESTRICTED TOTAL

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Founder $10,000+Bank of AmericaBroward County Board of Commissioners

City of Fort LauderdaleCity of Pompano BeachCommercebankEli Lilly and CompanyEnterprise Community Partners, Inc.Florida Department of Children & Families

LXR Luxury Resorts & Hotels In-Kind

United Way of Broward County, Inc.Wachovia CorporationWashington Mutual Bank

Patron $5,000+Berger Singerman, P.A. In-KindCommunity Foundation of Broward

Erwin M. Vasquez, M.D. and Elaine Vasquez Family Foundation Fund of the Community Foundation of Broward

Gustavo Carbonell In-KindSuccessful Images In-Kind

Benefactor $2,500+FannieMaeGibraltar Private Bank & TrustGlenn E. & Nancy S. Goldstein In-Kind

Mora Engineering Contractors, Inc. In-Kind

Advocate $1,000+Accelerated Consulting Group In-Kind

Coral Springs Community ChestCoral-Tech Associates, Inc.Flowers and Found Objects In-Kind

Murray & Maureen Berk In-KindRené HarrodSilvia Kale In-KindSouthBeach Photographic In-KindSquare One Architecture, Inc. In-Kind

Supporter $500+Alice BurchAnonymousBonnie Lafferty In-KindBorders Books & Music In-Kind

Bruce & Patricia KeirCindy Schutt PRCubellis Associates, Inc.Marcia Barry-SmithMarstan Construction, Inc.Stephen Campbell In-KindSuRealty Title, Inc.

Activist $100+Accelerated Consulting GroupAndrea BradleyAnonymousBankAtlanticBeverly KarpfBroward Housing & Community Development Task Force

Broward Housing Partnership, Inc.Commissioner Carlton MooreCreative Limousine In-KindCynthia WillsDonna CaseyGale M. ButlerHarry & Jacqueline RosenHudson Investment and Associates, Inc.

J. Michael RobertsJohn & Lois SchmatzJudge Kathleen IrelandKatherine LawrukiewiczKathy BarrettKenneth BasilioKevin N. FeitKristen BarrettLamar DavisLeslie BackusLewis & Joanne SarricaMental Health Association of Broward County In-Kind

Nancy L. MerollaNancy M. StrongPompano Masonry CorporationRandee H. LefkowRay Murphy & Associates, Inc.Sandra S. BrittainStephen & Marilyn LambertThe Fitzgerald Group, Inc.Women’s Way of the United Way In-Kind

Other DonationsAnne T. HotteBeatriz Fusaro

Thank You

Peace of Mind Giving Society

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Beverly KovachBich-ly LudwigCatherine Hnat in memory of Victor Rio

Christine KlingErica-Marie RickettsHilda SegreraIrma GonzalezKathleen BradyLinda MullisLisa Hoffmeyer

Marta PradoMary RiedelNancy ReiersonSam’s ClubSandy AnterioSharon Saphier Grad in memory of Nate & Rhoda Saphier, Mae & Lou Grad, and friends

Stephen FerranteThe Home DepotWilliam Geroux

Peace of Mind Giving Society continued

SponsorsAkerman Senterfi ttAspen Luxury MotorsBankAtlanticBB&TBerger Singerman, P.A.Chester BishopCindy Schutt PRComerica BankCommunity Bank of Broward

Cornerstone Mortgage Partners, Inc.Eli Lilly and CompanyJack W. Kuhn, Jr.Joseph Balocco, P.A.Lawyers 1st Title Co.Maroone, an AutoNation Company

Moss and AssociatesPrudential Florida 1st RealtySandra S. BrittainValley Bank

Peace of Mind Giving Society Luncheon

Sponsors & Program AdsACAI Associates, Inc.American National BankAnonymousAT&TBank of AmericaBank of FloridaBankAtlanticBankUnitedBerger Singerman, P.A.Bristol-Meyers Squibb CompanyC. Davis Electric Co., Inc.Causeway Lumber CompanyCindy Schutt PRComerica BankCommercebankCommercial Bank of FloridaCommunity Bank of BrowardDorothy Brazeau Interiors, Inc.Eli Lilly and CompanyFlorida Career CollegeGeo Care, Inc.Gold Aviation Services, Inc.Great Florida BankHenderson Mental Health Center

James A. Cummings, Inc.James Hartley ContractorsKay Riordan State FarmLambert Advisory, LLCLXR Luxury Resorts & HotelsMaroone, an AutoNation CompanyMatthew Olsen & Northwestern Mutual Financial Network

McLaughlin Engineering Co.Memorial Healthcare SystemMoss and AssociatesNast Roofi ng CompanyPavarini ConstructionRaymond James and Associates, Inc.Regions BankRepublic Services, Inc.Sandra S. BrittainShutts & Bowen, LLPStarman & Abitante, LLCSunTrustSuRealty Title, Inc.Valley BankVarian Associates, P.A.Washington Mutual Bank

Raising The Roof Event

We also thank the generous donors who purchased tickets to our events and participated in the live and silent auctions.

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305 S.E. 18 Court • Fort Lauderdale, FL 33316 • 954-764-2800 • 954-764-0036 (fax)www.BrowardHousingSolutions.org

United Way of Broward County

PLEASE CONSIDER INCLUDING BROWARD HOUSING SOLUTIONS IN YOUR ESTATE PLAN