Current Annual Report - Retirement Housing Foundation

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“Social Profits”Nonprofits are sometimes called social profits becausewe are organizations offering services that benefit thepublic. In almost every case, nonprofits are exemptfrom federal and state income taxes and, in most cases,from real estate taxes, as well. Consequently, we believethat we must go beyond the core mission of providinghousing and services for almost 18,000 persons 24hours a day, 7 days a week. And RHF does much more.We as nonprofits need to tell our story, because if wedon’t tell it, the general public may not know. As partof our story, here is our annual social accountability reportlisting some of the things that we do for the publicgood, both as an organization and individually. This isthe eighth year we have included a social accountabilityreport with our annual report.Voluntary and Involuntary CharityRHF does not evict anyone due to inability to pay. Itshould, however, be noted that inability to pay andunwillingness to pay are not the same thing.Benevolent care and rental concessions are voluntary.Write-offs, contractual adjustments, and uncollectiblefees are not voluntary, and we must rely upon privatepay residents and charitable contributions to make upthe difference. Obviously, no organization can remainin existence with a negative bottom line year after year.• In 2011, we had “involuntary” charity in the form ofcontractual adjustments from Medicare and Medicaid inthe amount of $4,913,136. Also $886,910 in fees forrent and services were determined to be uncollectible.16The RHF Difference2011 Social Accountability <strong>Report</strong>RHF is a faith-based, national, nonprofit provider of housing and services for older adults, limited income families, andpersons with disabilities; and most of our communities are incorporated as 501(c)3 nonprofit corporations. (Theexception would be our tax credit properties, but in those communities the managing general partner is a nonprofit.)What is the difference between a for-profit and a nonprofit? The basic answer is to follow the money. In a for-profit, apositive bottom line may be distributed to owners or stockholders. In a nonprofit, it is used to further the mission. Anonprofit needs a positive bottom line because “No Margin, No Mission.” If nonprofits ever lose their tax exemption, themission will be seriously diminished. Alexis de Tocqueville spoke about what distinguishes America from other nationsbeing our three-legged stool made up of government, for-profits, and nonprofits. For example, in this current economy,if persons and organizations were ever to lose their charitable deductions for contributions to nonprofits, that threeleggedstool would be seriously diminished. Even though many people would give generously because they believe sostrongly in the mission, others would give less.• During 2011, rental concessions were made by ourcommunities in the amount of $1,890,683. Throughdonors’ contributions to the Resident Benevolence Fund,residents received grants of $49,461 to cover a portion oftheir rent. Support through benevolence and concessionsenables our residents to continue to live in our communitieseven though their resources have diminished.Investing in Our Future• Five of our skilled nursing communities provide practicumsites so that certified nursing assistants, licensed vocationalnurses and administrators in training from local schoolscan get hands-on training as part of their education.• RHF believes in investing in staff and board educationand growth. We invested hundreds of thousands of dollarsin education and improving skills for our nearly 2,800team members and our national, local, and advisory boardmembers. Resources were used for attending conferences,educational seminars, participating in webinars, trainingsessions, continuing education and college tuitionreimbursement.• Over the course of the year, our communities employed69 high-school students, hopefully introducing them towhat it means to be a responsible citizen in society, aneducation which should help them in their future careers.(Continue on page 18)
The Fanin County 4H Club,Lifetime Designs of Sherminand Fanin County MasterGardners partnered to buildand plant raised gardens forthe residents of Pecan Place(Bonham, TX.)Within our RHF Communities• 3,158 persons volunteered 175,578 hours to RHFcommunities and the national headquarters office,helping in a variety of ways. This does not includethe numerous hours that our national and local andadvisory board members contribute each year.Park Placeresidents andstaff hosted adinner toraise funds forEarthquake Reliefin Japan.• RHF Team Givers (staff members) donated $26,992to the RHF mission through payroll deductions andgifts throughout the year.• Through the donations of residents, staff, andMattel, Inc., 774 toys and gifts were given to theRHF children in our affordable family communities.This year, with the acquisition of Riverside Village inLeominster, MA, the number of children we servedduring the holiday season increased by 133 for a totalof over 750 children. We thank our 20 volunteers (wecall them The Wrappers) from St. Mary Tower whowrapped these toys along with RHF team membersMaggie Engelberg, Cindy Medina, Maria Rodriguez,and Advisory Commission Chair Alice Sexton.• The Bixby Knolls Towers Residents’ AssociationScholarship Committee presented 18 scholarships of$900 each at the college level to five students whoare employed at the Towers and 13 students who aremembers of employees’ families. Ten scholarshipswent to students who have previously received awardsand continue their education.80 RHFcommunitiesparticipated inthe UCC’sMission 1 eventin November.The CloistersDeLand, FLIndependence SquareEvansville, IN17
Page 1 and 2: Retirement Housing Foundation2011 A
Page 4 and 5: Messagesfrom ourLeadership4RHF Fast
Page 6 and 7: 2011 In Review• We celebrated our
Page 8 and 9: On A National Scale• Bob Amberg s
Page 10 and 11: On A National Scale• We entered i
Page 12 and 13: Good Stewardship• While nationwid
Page 14 and 15: Looking ForwardSome of the things o
Page 18 and 19: We Are a Good Neighbor• RHF condu
Page 20 and 21: The RHF Leadership TeamRHF Board of
Page 22 and 23: RHF Financial HighlightsConsolidate
Page 24 and 25: 1965Mayflower GardensLancaster, CA1
Page 26 and 27: 1988 (cont.)Marymount ManorTacoma,
Page 28 and 29: 809809InformationHousing and Servic
Page 30 and 31: Charitable GivingHard to believe it
Page 32 and 33: 322011NationalHeadquarter’sDonors
Page 34 and 35: Cheng Hwa PaiMa Chia-Wan PaiIk PakS
Page 36 and 37: Amistad PlazaLos Angeles, CAWilshir
Page 38 and 39: ASpecialThankYouOur DonorsU. S. Ban
Page 40: Retirement Housing Foundation Corpo

Current Annual Report - Retirement Housing Foundation

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