Current Annual Report - Retirement Housing Foundation

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Looking ForwardSome of the things on the horizon for this year include:• Completion of construction and dedication of Lane Manor, Stone Mountain, Georgia, and The Whittier, LosAngeles.• Construction starts for Las Alturas, 78 apartments, and Broadwood Terrace, 89 apartments, both in LosAngeles; Barringer Gardens, 49 apartments in Charlotte, North Carolina, and Darson Marie Terrace, 55apartments in San Antonio.• Beginning rehabilitation construction on Congregational Tower, Chula Vista, California, and Jacksonville Towers,Jacksonville, Florida.• Sign the documents to combine operations of The Heartland and Immanuel Residences.• Complete the acquisition of Essex Village and Kings Grant, North Kingston, Rhode Island.• Hold re-dedication ceremonies for Pioneer Towers, Sacramento, and Capitol Towers, Hartford, Connecticut.• Begin refinancing of HUD 202 portfolios in Nebraska, Wisconsin, Texas, and Virginia, as well as a communityin Northern California.• Begin the rehab of the Agape Senior Center at Angelus Plaza.• Start the rehab construction on Vistas and West Valley Tower, Van Nuys, California, and hopefully St. JamesPark, Los Angeles.• Implement the charitable giving plan with additional staffing.• Review staffing and space for additional positions in the corporate office, including a Chief Operating Officer.• Provide leadership and assistance to UCC General Synod 29 to be held in Long Beach.• Continue upgrades to our communities.• Continue evaluation of new opportunities and communities who would like to join the RHF family.• Complete the mortgage modification of College Villas.• Take on the management and complete the transfer of physical assets for an affordable housing community inthe Dallas area which is being transferred to RHF by another sponsor.• Complete the training of all field staff on One-Site conversion.• Consider refinancing additional properties to take advantage of lower interest rates.• Continue to evaluate the impact of National Healthcare on our health insurance program.• Participate in CHHSM 75th Anniversary in Oak Brook, Illinois; LeadingAge California <strong>Annual</strong> Meeting inMonterey; LeadingAge National <strong>Annual</strong> Meeting in Dallas; and the International Association of Homes andServices for the Ageing in Shanghai, China.• With the downsizing of new construction awards for HUD 202s and the elimination of California redevelopmentagencies, which takes a billion dollars a year out of affordable housing new construction, we will continue toadvocate for programs to address this critical need for affordable housing in our nation.Thank you for your past and current support. The theme for this yearis “RHF creating a brighter future for people.” And it takes all of ustogether to implement that brighter future today and tomorrow.Let it shine!Laverne R. JosephPresident & CEO14
Lane Manor (Stone Mountain,GA) will open in early Spring.Broadwood Terrace(Los Angeles, CA)will break ground inApril of 2013.Congregational Tower(Chula Vista, CA) willbegin an $8.9 millionrehab project in 2013.Vistas (Van Nuys, CA) will undergoa $4.2 million rehab project.With the acquisition of Essex Village andKings Grant in North Kingston, Rhode Island,RHF will have a presence in 27 states.15
Page 1 and 2: RHFProviding aBrighter FutureFor Pe
Page 3 and 4: 2012Table of ContentsPresident’s
Page 5 and 6: Recently I read the following quote
Page 7 and 8: Richard Henken, President & CEOof S
Page 9 and 10: Rev. Reinhold Klein, Lydia Kleinand
Page 11 and 12: Pioneer Towers(Sacramento, CA)The T
Page 13: • In addition to new construction
Page 17 and 18: San Antonio’s Rotary Clubprovided
Page 19 and 20: St. Mary Tower residentsvolunteer e
Page 21 and 22: RHF Principal StaffCheryl Howell, E
Page 23 and 24: Current Liabilities Current Liabili
Page 25 and 26: 1986 (cont.)VistasVan Nuys, CA+Vall
Page 27 and 28: 2006Douglas HouseBrockton, MAHamilt
Page 29 and 30: Our Philosophy and Values• We are
Page 31 and 32: “We support RHF because they buil
Page 33 and 34: Our Donors“Supporting RHF enhance
Page 35 and 36: 2012 Designation of Gifts to the RH
Page 37 and 38: Our DonorsFarrfield Manor residents
Page 39 and 40: In Honor Of . . .. . . Residents of

Current Annual Report - Retirement Housing Foundation

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