Empowering People with Psychiatric Disabilities to Live ... - GuideStar

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H O U S I N G

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Empowering People with Psychiatric Disabilities to Live Independently

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H O U S I N G

U N L I M I T E D

BOARD OF DIRECTORS

Housing Unlimited, Inc. (HUI) addresses the housing crisis for adults with psychiatric disabilities who reside in Montgomery County, Maryland.  HUI:

President Russell Phillips, CPA Reznick Group Vice President Stephen F. Sullivan Forrester Construction Co.

• empowers people to live independently

Treasurer Johnnie Mae Armstrong

• helps people move from the homes of their aging parents • provides public education, advocacy and community linkage • brings people who need housing together in partnerships

A N N U A L

ADVISORY BOARD

President Emerita                                                               Carmela Boncore-Singer Nancy Y. Cohen Rosemary Dircks

• provides affordable, permanent housing opportunities

• helps people move from substandard housing

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Secretary Jonathan S. Cohen Christopher Hatcher Rifkin, Livingston, Levitan & Silver, LLC David Lublin Town of Chevy Chase N. Leslie Olson The Chevy Chase Land Company Robyn S. Raysor U.S. Department of Housing and Urban Development

Lynne Iadarola, RA Archeus Studio Mary Kundrat Alliance on Mental Illness of Montgomery County Senator Laurence Levitan Rifkin, Livingston, Levitan & Silver, LLC Edward L. Lublin Blank Rome LLP Brian M. McLaughlin Bank of America Adele B. McQueen, Ph.D Howard University Rita Mhley Mhley/Davis & Associates Inc. John R. Orrick, Jr., Esq. Linowes and Blocher LLP Judy Ratner

R E P O R T

STAFF Abe M. Schuchman, Esq. Executive Director  LeyAna Crumpton Senior Associate Director Marjorie Goldman, CFRE Director of Development Lisa Cook Associate Director Shayna Tivona Associate Director Elise Bryant Program Associate Roger L. Crutchfield, Jr. Program Associate Kathleen Gleason Program Associate Diane Nowak Program Associate Leon Young Bookkeeper

Elias Rizkallah Capital One Bank

Daniel Sachs, Esq.

Catherine F. Scott Professor Emerita, Montgomery College

Maria Salter BB&T Bank

Lauren Spiro, M.A. National Coalition for Mental Health Recovery Miriam Yarmolinsky Affiliated Santé Group, Silver Spring Wellness & Recovery Center Corporate Affiliations Are for Purposes of Identification Only

On the cover: Regina Prophet (HUI Tenant) speaks at HUI’s Welcome Home Celebration, May 2011. Inset photos feature Emcee Debbi Jarvis and HUI Tenants Council Treasurer Jonathan Pine. PHOTOS COURTESY OF Ellie Van Houtte/www.ellievanhoutte.com

President’s Report

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t is my pleasure to report to you that Housing Unlimited has made enormous progress over the past 12 months.  With generous assistance from our public and private sector partners, Housing Unlimited purchased an additional two new homes this year in Germantown and Wheaton. Both are conveniently located close to public transportation, neighborhood retail shops, restaurants and employment opportunities. With the addition of these new homes, Housing Unlimited now owns a total of 47 homes that serve 138 very low income adults with psychiatric disabilities.   

  This year, our “Welcome Home Celebration” special event recognized our strong relationships with key government stakeholders and honored U.S. Congressman Chris Van Hollen (D-MD), Maryland Lieutenant Governor Anthony Brown and Montgomery County Housing Director Richard Nelson. As testimony to the work that we do, we have received a commitment of $1.6 million in State/County property acquisition grants and loans so that we can purchase an additional eight homes over the next several years.   I would like to thank my event co-chair, Maria Salter of BB&T Bank, and members of the Event Committee (Jon Cohen, David Lublin, Rita Mhley, Leslie Olson, Dan Sachs, Catherine Scott and Steve Sullivan) for their outstanding leadership and boundless energy and humor. I also want to thank our Executive Director Abe Schuchman, Director of Development Marjorie Goldman and the entire Housing Unlimited staff for their hard work on this event and throughout the year. This year’s event exceeded all expectations both in terms of attendance and revenue.

Housing Unlimited is proud to be named “one of the best small charities in the Greater Washington region” by Catalogue for Philanthropy: Greater Washington. Each year some 250 organizations apply to be featured in the Catalogue and undergo a rigorous vetting process. This year a panel of 100 experts from area foundations, corporate giving programs, giving circles and peer nonprofits reviewed this year’s applicants and selected 70 nonprofits. Profiles of the selected organizations (including ours!) can be viewed online at the Catalogue’s website,www.cfp.dc.org – where donations can also be made.

I am also proud of our award-winning efforts to “green” our operations over the course of the year. In our daily actions, Housing Unlimited and its residents have committed to conserve energy and water, reduce our carbon footprint and recycle more to help Housing Unlimited has been part of the Catalogue family since 2007. the community transition to a more sustainable future. We are reducing our electricity bills by participating in the Nonprofit Please help us spread the word about Montgomery coalition to purchase wind energy to power all Housing Unlimited homes. With financial support from the State and the Catalogue so that together we can deepen the culture of giving in our County, we also conducted energy audits of our homes and made the necessary weatherization repairs to reduce our energy use. Nation’s Capital.   I am excited by our accomplishments but I am also keenly aware that we must do more. With over 250 people on our waiting list, we have a great amount of work still to do. We are committed to aggressively expanding our housing program because there remains an acute shortage of affordable, independent housing for adults with psychiatric disabilities in Montgomery County. In partnership with you, our supporters, our goals will be met.   

Russ Phillips, President

HUI Tenant Profile REGINA PROPHET Speaking at the Welcome Home Celebration, May 24, 2011 Good evening everyone. My name is Regina Prophet and I am a Housing Unlimited tenant. I have been in my house for 1 year and 4 months. I have also lived with a mental disorder since I was 19 and

“I am thankful to Housing Unlimited for giving me a new lease on life.” Regina Prophet, HUI Tenant

I have been in and out of hospitals. But, I have been stable in the last 20 years. This has been hard on my family and a very expensive illness. Before moving with Housing Unlimited, I lived in the basement of my parents’ house. I always wanted to live on my own. I was on the waiting list for over a year. I got a call from Housing Unlimited about a home in Germantown. I thought that was too far from my parents, so I asked to be put back on the waiting list. It took about 8 more months, but then I got a call about a vacancy in Silver Spring. That was the place for me! I was so excited about getting out on my own, living independently, and my parents were excited also. I had some lessons to learn about living on my own. First, I had to learn a lot about managing my finances. I opened a checking account and made a budget so I could pay my bills.

Regina Prophet Next I had to learn to live with roommates. That has been a challenge. I know that you don’t have to be friends with your roommates, but you have to respect each other – and show courtesy, too. The staff stops by once a week and checks in to see if our house is well maintained and how we are doing. It’s great to have that connection. Today, I enjoy going to visit my parents and staying over from time to time, but it’s good to know that now I have my own home. My house is close to transportation so I can get to my doctors’ appointments and grocery shopping. Since I have been living independently, I have completed my Bachelors degree in Biblical Counseling. I am thankful to Housing Unlimited for giving me a new lease on life. Thank you, Housing Unlimited.

Regina receives an ovation. Regina’s HUI townhouse in White Oak

Celebration H U I W elcome H ome

HUI Board Member and Celebration Co-Chair Maria Salter, BB&T Bank

HUI Tenants Council Treasurer Jonathan Pine

Emcee Debbi Jarvis, Vice President, Corporate Citizenship and Social Responsibility, Pepco Holdings, Inc.

Honoree Richard Y. Nelson, Jr., Director, Montgomery County Department of Housing and Community Affairs (DHCA) Above: Director Nelson with Rodney Harrell of AARP and Alisa Wilson of DHCA

Honoree United States Congressman Chris Van Hollen (D-MD)

HUI Executive Director Abe Schuchman with HUI Board President and Celebration Co-Chair Russ Phillips, CPA, Reznick Group

Honoree Anthony G. Brown, Maryland Lieutenant Governor, and presenter Richard Madaleno (2nd l.), Maryland State Senator

Congressman Van Hollen and presenter Robyn Raysor (l.), HUI Board Member and Deputy Director, Office of Special Needs Assistance Programs, United States Department of Housing and Urban Development

Photos courtesy of Ellie Van Houtte/www.ellievanhoutte.com

You can help!

2010 Donors

A

Institutions

s a nonprofit organization, Housing Unlimited depends on the generosity of our community to fulfill our mission. There are many ways that you can help to ensure that we can continue to provide affordable permanent housing for people with psychiatric disabilities: • You can donate lightly used living room or bedroom furniture, kitchen tools and accessories, and even pictures and decorative items so that new Housing Unlimited properties become warm and comfortable homes for the people that we serve. • You can support Housing Unlimited financially with a tax-deductable gift. We will work with you to design a planned gift of appreciated stock, real estate or other assets to ensure that your gift will span generations. You can make a contribution to Housing Unlimited to honor or memorialize a special person or event. Or, you can support the mission of Housing Unlimited with a designation through the United Way (#8898) or Combined Federal Campaign (#16225) or Maryland Charity Campaign (#5279). • You can set aside a few hours to volunteer to help Housing Unlimited. We have short-term projects for corporate teams, church groups and individuals. You and your team make a significant difference in the lives of people in our community. To make a donation – or to get involved – please contact us at 301-592-9314 or information@ housingunlimited.org. Thank You!

American Reprographics, Inc.

GEICO Philanthropic Foundation

Baker DC, LLC The Inter-Faith Chapel, Inc. Bank of America Foundation Jackie Simon Homes, LLC Bernitt Builders, Inc.

J. Willard and Alice S. Marriott Foundation

BNY Mellon Trust John Edward Fowler Memorial Foundation Bradley Arant Boult Cummings LLP Linowes and Blocher LLP Builders’ Ball/WBC Foundation

Maryland State Government

Capital One

Meridian Group, LLC

Cedar Lane Unitarian Universalist Church Montgomery County Community Foundation Chevy Chase Trust Montgomery County Government Clark CARES Foundation Morris & Gwendolyn Cafritz Foundation Clark-Winchcole Foundation Office Paper Systems Clean Currents, LLC

The Phase Foundation

Commercial Hardware, Inc. PNC Bank, Community Development Banking Comprehensive Neuroscience, Inc.

Potomac Basin Group Associates, LLC

Corstone Capital

Prince of Peace Lutheran Church

Denchfield Landscaping, Inc.

Reznick Group

Dr. Mathew and Cynthia Hertz Charitable Foundation

United Way, National Capital Region

Fabrangen Cheder Tzedakah Committee

Universal Builders Supply, Inc.

Fannie Mae Foundation

Village Settlements, Inc.

Ford Foundation Matching Gift Program

The Wells Fargo Foundation

Gaithersburg Air Conditoning & Heating, Inc.

William S. Abell Foundation, Inc.

2010 Donors LEADERS $10,000 or more The Hon. Ann W. and Donald A. Brown Nancy Y. and Martin Cohen

Leonard and Celia Schuchman Catherine F. Scott Gina Vitale and Richard Ridge Russell and Phyllis Weber

GOLD $5,000-$9,999 Doris Buffett (Sunshine Lady Foundation) Ellen and Bernard Young

$500-$999 Susan W. Agger Jesse Arbogast and Rochelle Rosenfeld Colonel and Johnnie Mae Armstrong Anne Bakstad and Ed Cohen Stanley M. Besen

PLATINUM $1,000-$4,999 Alexander and Elizabeth Boyle Sally K. Cohen Virginia and Lowell Denning Myriam De Ritis-Cherney Rosemary and William Dircks Sy and Lorraine Grabel Albert and Kelley Hawk Leslie Olson and Scott Goode Russell and Leila Phillips Brian and Catherine Porto Anonymous Judy and Victor Ratner

$250-$499 Michele Adato and Steven J. Horowitz Donald and Janet Boardman Anonymous

Edward and Janet Lublin

SUSTAINERS

SILVER

Amy Brown Frances and Leonard Burka James E. Cafritz Helen and Earl Colson Paula Freiburger Karen A. Krugman Andrew and Mary Kundrat Fred and Diane McGoldrick Lois and Larry Movshin Elaine and Bob Parks Rosalind Ratner B. Michael Rauh, Esq. Robyn Raysor Steve Sullivan Anonymous Marjorie Shannon Ann Wild

Richard Budson Bob and Betty Carlin Dera and David Cooper Melissa Crow and Victor Katz Jo Ellen and Alan Fishman Carl and Nancy Gewirz George Gleason Nancy and John Harris Rob Hopkin Ms. Lynne Iadarola Dorothy and Sidney Kaplan Carol and Michael Leahy Phyllis and Gerald LeBoff Laurence Levitan Jerry and Sara-Mae Lewis David Lublin Robert M. Minkoff Mary Nagelhout Tillman Neuner Mary B. Nowak Ira Polon Bill Schaefer Joyce and Phil Schneider Janice and Victor Rosenberg

2010 Donors BRONZE

Mr. Alvin J. Englert

Lyn Krejci

John M. Robinson

$100-$249

Michael C. Finnegan

Sandra Kubalak

David and Barbara Ronis

Dustin Finney Edward G. Fitzgerald

Brian D. Kux and Kimberly N. Bayard

Daniel Sachs

Dennis and Lea Allen William T. Amatruda

Anonymous

Gary and Margy Lawrence

Dr. S. Ruth Schulman

Harvey Applebaum

John R. Forrester

Leon and Caroline Levenson

Randi and Paul Schweitzer Anonymous

Anonymous

Morton Schomer

James and Charnene Freeny

Val A. Lubbers

Frank Bell

Paul and Patricia Gaskin

Soraya Madani

Lenore Shniderman

Karen F. Berman, MD

Michael Gildenhorn

Jennifer Maloney

Dr. Margaret H. Sickels Nathan and Guila Siegel

Anonymous

Laurel Glassman

Paul and Karen Mannes

Rick and Elaine Braun

Ann Gooch

Maurice M. Margulies

Marilynn P. Smith

Sherri and Larry Cafritz

Anonymous

Lorraine Marsh

Anne Snyder Lauren J. Spiro

Davi-Ellen Chabner

Alice and John Goodman

Lila T. McConnell

Goong Chang

Myron and Margaret Grizio

Brian M. and Alison M. McLaughlin

Paul Staub

Bei Chen

Doreen Guttenberg

Sheila E. McKee

Neda and Mohammad Tahbaz

Anonymous

Carl and Nicole Halbreiner

Phyllis Meyers

Ken Tecler

Jonathan S. Cohen

Frank Hardesty

Carol and Thomas Moran

Anonymous Marilyn and Stefan Tucker

Marie E. Connor

Anonymous

Mr. and Mrs. David Moses

Morton and Carol Corwin

Dr. Sonja Hess

Stanley B. Namovicz

David and Connie Weiss

Melissa Crow and Victor Katz

Edith Holleman

Nancy W. Newkirk

Raymond J. White Rebecca and John White

Miriam J. Cutler

Josephine W. Holliday

Ginger Newmyer

Susan Cutler

Louis Hyatt

Annette Nicholson

Louis B. Williams

Mary Ann Deak

Sherry and Gregg Johnson

Bill and Karen O’Brien

C. Lawrence Wiser

Evelyn Joray

Gail and David Paulson

Sydelle Wolfin

Bernard and Susan Katz

Nancy Pendery and Howard Schwartz

Victoria W. Wood

Rabbi Fred Scherlinder Dobb and Minna Scherlinder Morse Norma Dugger Kevin P. Dwyer and Eileen Weiner-Dwyer Therese Edlin

Pamela E. King Audrey S. Koch Mary Kralj

Eugene and Barbara Ridberg Rachel Z. Ritvo, M.D. Jean Robbins

Shu-Fen Wu Miriam Yarmolinsky

2010 Donors Friends Under $100 Grace Alessi Louise and Elliott Allentuck Joseph R. Amato Julianne Beall Mary and Tom Beck Joanne Bell Terry Bendel Pamela B. Benoit and Terrence Williams Elsie Bergamini Carol Blimline, Ph.D. Frank D. Boncore Anonymous Elaine Brothers, M.D. Anonymous Boone and Nan Changramai Joe and Mary Charters Fran Corso Anonymous Betty Jane Croft Diana Daniels Sanford Dawsey John J. Delaney Tracey Denning Albert and Karen Diaz

Debra Dillon

William A. and Anna Marie Kane

Anonymous

Delphia Dirks

Esther Katzman and Mary C. Spring

Roslie Sanchez

Charles Edson

Carolyn C. Knight

Gerald and Ziva Schuchman

Harriet Eichler

Marilyn Kresky-Wolff

Joan H. Searby

Marjorie Eldridge

Hyman Lewis Krieger

Katherine Simpson

Elaine Feidelman

Judy Kulick

Don and Tina Slater

Joe and Roz Fenton

Janet L. Lado

Anonymous

Anonymous

Bruce S. and Ann Lane

Anil Sood

Anonymous

Mary and Edward Love

John and Elizabeth Spencer

Dennis and Peggy Frank

Anonymous

Nessa Spitzer

Gloria H. Franklin

Evelyn Manley

Allan and Carrie Stein

Martin and Susan Fullenbaum

Anonymous

Grace A. Stover

Debbie Goelman

Justine McClarrin

Theresa E. Sugrue

Anonymous

Antonietta C. McDonald

Mr. and Mrs. Charles Usborne

Lewis Gold

John Miers

Jack and Stephanie Ventura

Al and Zelda Goldberg

Mrs. Eunice W. Moe

Mr. and Mrs. Richard Verfuerth

Amanda C. Gross

Anonymous

Margaret B. Webster

Sharon and Jonathan Gruber

Ingrid Monaghan

Bernard and Doris Wortman

Tamara Halle and Aron Krasnopoler

Amy Muir

Helenfae Zatcoff

Jane Harrah

Jeanne and W. Haven North

Marilyn Hathaway

Rabbi Mark Raphael

Barbara and Mary Healy

Victoria Raskin

Arthur J. Herbig

Mildred Reynolds

Janet Herman

Edward Rhodes

Julia M. Hershfield

Gillian Carty Roper and Carl Roper

Mr. and Mrs. Paul Hewitt

Dave and Kathy Rossmeisl

Doreen and David Hommet

Anonymous

2010 In Honor/Memory In Memory of Y.A., A.F. Cherney, E.M. Smith and R.J. De Ritis Myriam De Ritis-Cherney In Honor of Johnnie Mae Armstrong Boone Changramai In Honor of Michael Boncore Annette Bozinko Frank D. Boncore In Honor of Carrie Chaikin’s Birthday Renee Chaikin In Honor of Susan Bei Chen Virginia and Lowell Denning In Memory of Harry and Jackie Cohen Sally K. Cohen In Honor of Nancy Y. Cohen The Hon. Ann and Donald A. Brown Richard Budson Helen Colson Diana Daniels Dennis Frank Sy Grabel Nancy Harris Phyllis LeBoff Sydelle Wolfin In Honor of Susan A. Cutler Virginia Denning In Memory of Romulo De Ritis Myriam De Ritis-Cherney In Honor of Rosemary Dircks Norma Dugger

In Honor of Iris Eichler Harriet Eichler In Memory of Blair Ewing Kevin P. Dwyer In Memory of Wayne S. Fenton Kevin P. Dwyer Joe and Roz Fenton In Honor of Jane Harrah Virginia and Lowell Denning In Honor of Bud Hawk Neda Tahbaz In Memory of Helen E. Herbig Arthur J. Herbig In Memory of Theresa Christine Kummer Kilbourne Jane Harrah Virginia and Lowell Denning In Memory of Barry Killeen Rosemary and William Dircks Josephine Holliday Judy and Victor Ratner In Memory of Daniel Kraft Jo Ellen Fishman In Memory of Ross Lawrence Gary Lawrence In Honor of Edward L. Lublin Michael Gildenhorn Doreen Guttenberg David Lublin Ira Polon Michael B. Rauh, Esq. Ruth Seif

In Honor of David Marshall Al Goldberg In Honor of Lynn McClarrin Elaine Brothers, M.D. In Memory of Otto McClarrin Justine McClarrin In Honor of Brian M. McLaughlin Joe Charters Mary Love In Memory of Arthur McQueen Gillian Carty Roper In Honor of Adele McQueen Rochelle Follender In Memory of Albert Nowak Mary B. Nowak In Honor of Judith A. Nowak, M.D. Judy Kulick In Memory of Elizabeth Ratner Rosemary and William Dircks Nancy W. Newkirk Judy and Victor Ratner In Honor of Judy Ratner and In Memory of Elizabeth Ratner Anonymous Rosalind Ratner In Memory of Geraldine Ronis David Ronis

In Honor of Abe Schuchman Jonathan and Sharon Gruber Marilyn Kresky-Wolff David Moses Eugene Ridberg In Honor of Ellie and Abe Schuchman Dr. S. Ruth Schulman In Honor of Leonard and Celia Schuchman Joe and Roz Fenton In Honor of Catherine F. Scott Davi-Ellen Chabner Esther Katzman In Honor of Christa Shannon Marjorie Shannon In Memory of Marie F. Staub Paul Staub In Memory of Charles M. Stover Grace A. Stover In Honor of Steve Sullivan Jennifer Maloney In Memory of Jeanne K. Weber Russell Weber In Honor of Ellen and Bernard Young Paula Freiburger

2010 Donors IN KIND GOODS

IN KIND SERVICES

Anonymous

Anonymous

Alisa J. Levy Professional Organizing Services

BlackRock Center for the Arts

Stan Levin

Colonel Armstrong

Sherri and Larry Cafritz

Donna Lewis

Corporate Press, Inc.

Charles R. Cherry, Jr.

Anonymous

Fabrangen Cheder

Leo Cole

Anonymous

Heyman Mailing Services

Marguerite Connor

Brenda Miller

Linowes and Blocher LLP

Melissa Crow and Victor Katz

Anonymous

Roger L. Crutchfield, Jr.

Mary June Morrison

Susan Cutler

Amy Muir

Eileen DiGiorgio

Leslie Olson

Anonymous

Russ Phillips

The Family Support Telephone Network

Robyn Raysor

Fancy Cakes by Leslie

Kenneth Rorke

Ms. Patricia Gaffke

Bernard Silverstein

Gold Star Bakers

Mark Simon, Esq.

Marjorie Goldman and Mitchell Stabbe

Anonymous

Ms. Bernice Gordon

Stephen Sullivan

Anonymous

Lottie Traunfeld

Kerry M. Harris

Shirley Ziecheck

Mhley/Davis & Associates Inc. Personal Training by Laura Levengard Pro-Tec Inspection Services Reznick Group The Bean Bag Deli and Catering Company Village Settlements, Inc. Washington Suburban Sanitary Commission

Shawnte Jenkins

You can make a financial gift to Housing Unlimited and receive a substantial tax benefit. Through the Maryland Community Investment Tax Credit (CITC) program, businesses and individuals with Maryland tax liabilities can make a charitable donation to HUI and write off half of the donation using the CITC credit – above and beyond your normal federal charitable tax deduction. For more information, contact Abe Schuchman at 301-592-9314.

HOUSING UNLIMITED, INC.

Statement of Activities For the Year Ended September 30, 2009

For the year ended September 30, 2010 Information derived from the independent audit of financial statements of Housing Unlimited, Inc. as of September 30, 2010, performed by Hertzbach & Company, P.A. of Owings Mills, Maryland. A complete copy of the 2010 audit is available from HUI upon request.

Support and Revenue Rental Income

Tenants County Subsidies

$

Total Rental Income

676,206

Contributions

Corporations and Foundations Individuals Government Grants

174,486 110,430 615,590

Total Contributions

900,506

Other Revenue

Interest Income Miscellaneous Revenue/Expenses

2,143 1,997

Total Other Revenue

4,140

Total Support and Revenue

1,580,852

Expenses

Program Services General and Administrative Fundraising

838,489 188,494 87,027

Total Expenses

1,114,010

Change in Unrestricted Net Assets

466,842

Unrestricted Net Assets, Beginning Unrestricted Net Assets, Ending

425,390 250,816

3,279,273 $

3,746,115

HOUSING UNLIMITED, INC. For the year ended September 30, 2010

Statement of Financial Position

Assets Current Assets

Cash and cash equivalents Grants receivable Accounts receivable – other Investments

$

260,321 694 520,605

Total Current Assets

781,620

Restricted Cash and Reserves Tenant security deposits Reserve for replacements

39,948 149,764

Total Restricted Cash and Reserves

189,712

Property and Equipment, Net of Accumulated Depreciation of $1,382,885 Other Assets

6,857,172 1,293

Total Assets

7,829,797

Liabilities and Net Assets Current Liabilities

Current maturities of long-term debt Accounts payable and accrued expenses Accrued interest expense

104,153 16,262 17,424

Total Current Liabilities

137,839

Other Liabilities

Deferred County Subsidies Revenue Tenant security deposits Loan payable – Montgomery County Long-term debt, net of current maturities

32,371 500,000 3,413,472

Total Other Liabilities

3,945,843

Net Assets Unrestricted Total Liabilities and Net Assets

3,746,115 $

7,829,797

Information derived from the independent audit of financial statements of Housing Unlimited, Inc. as of September 30, 2010, performed by Hertzbach & Company, P.A. of Owings Mills, Maryland. A complete copy of the 2010 audit is available from HUI upon request.

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Housing Unlimited, Inc. 1398 Lamberton Drive Suite G1

HUI Tenants Council Treasurer Jonathan Pine Welcome Home Celebration Speaker, May 2011

Silver Spring, Maryland 20902-3414 301.592.9314 Fax: 301.592.9318 E-mail: [email protected] website: www.housingunlimited.org

DESIGN : MHLEY /DAVIS & ASSOCIATES INC. PRINTING COURTESY OF CORPORATE PRESS, INC.

Photos courtesy of Ellie Van Houtte/www.ellievanhoutte.com