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Annual Report - Laurel House

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794 hotline calls<br />

Dear <strong>Laurel</strong> <strong>House</strong> Friends and Supporters:<br />

from the co-presidents<br />

As we enter our 30th year we would like to thank our supporters and friends for their commitment to our<br />

mission to serve women and children who are victims of domestic abuse. These are challenging economic times<br />

for individuals and organizations both non-profit and for-profit but we believe that opportunities can be found<br />

even in challenges times.<br />

Funding: As with most organizations, <strong>Laurel</strong> <strong>House</strong> has seen some of its financial resources diminish during<br />

this past year. Government subsidies and private donations have decreased and grant award amounts have<br />

been cut. In response, we have ramped up our fund raising activities and our Development office continues to<br />

uncover new funding streams and we have applied for additional grants. Our grant awards for 2008 - 2009<br />

exceeded our budgeted amount by $75,000.<br />

Investment Portfolio: During the past year many have seen their investment portfolios experience a sharp<br />

decline. Several years ago <strong>Laurel</strong> <strong>House</strong> had established a conservative approach to our investment guidelines<br />

which has fortunately minimized the negative effect on our portfolio due to the downturn in the stock market<br />

Strategic Plan: We completed our most recent multi-year Strategic Plan and have embarked on our new 3 year<br />

plan. We continue to challenge ourselves to advance our mission by improving our facilities, supporting and<br />

developing our staff and resources, and continuing to be responsive to the needs of individuals affected by<br />

domestic violence.<br />

Programs and Services: Even in these difficult times, we continue to provide the same quality of services and<br />

programs to the women and children who come to <strong>Laurel</strong> <strong>House</strong>. In fact, in some areas we have even<br />

strengthened and expanded our programs focusing on community outreach and counseling.<br />

The <strong>Laurel</strong> <strong>House</strong> Board of Directors has recently welcomed 5 new board members to strengthen our board<br />

expertise in several key areas. As board members, we value and appreciate the hard work and dedication of our<br />

exemplary staff. Their professionalism and commitment are the driving force in our mission to serve women<br />

and children who are victims of domestic abuse.<br />

Thank you for sustaining us during these challenging times and we thank you in advance for your continued<br />

support.<br />

Sincerely,<br />

Lisa M. Altomare and James D. Mahoney<br />

Board Co-Presidents<br />

15,262 hours<br />

of volunteer service<br />

one

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