Capitol Hill Housing Portfolio Assessment

Presentation at AHMA/ARHC ConferenceApril 23, 2014

Jill FlemingBrad Lange

Capitol Hill Housing

• Founded in 1976• Functions as Community Development

Corporation on Capitol Hill, Seattle• Owns and operates 44 buildings

encompassing 1,197 units• 88 units under construction• Additional development opportunities in

pipeline

History of Asset Management at CHH

2007—Created Asset Management Department• Capital Needs Assessments• Partial Portfolio Assessment

2013– Asset Management 2.0• Bubble charts and Action Plans

Portfolio Assessment

Goal is to provide assessment of portfolio for Board and Senior Management decision making.Evaluated three aspects of each property:• Net Income• Mission Alignment• Financial Sustainability

Mission-Income Matrix

Bubble Scattergram

Scattergram

• Snapshot in time.• Goal is to move properties to

Quadrant I.• This methodology based on

the book Nonprofit Sustainability by Bell, Masaoka, Zimmerman

Quadrant I– Star Properties

Quadrant II– Heart Properties

Quadrant IV– Cash Positive

Quadrant III– Unhappy Properties

Financial Performance Measure

• Used Net Income as measure of financial performance

• Adjusted so fee income to CHH is included as Net Income

Net Income

Mission Alignment

Settled on five factors: • Location, • Affordable Housing, • Community, • Pedestrian Oriented Activities,• Building Design.

Financial Sustainability

• Used projected capital expenditures from Capital Needs Assessments for next seven years.

• Developed score to compare properties.• Size of dot based on score.

Bubble Scattergram

Action Plans

• Purpose is to provide strategic road map for each property

• Provide framework to improve property operations.

• Staff buy in for improvements and timing.

General Building Info

Financials including per unit comparisons

Capital Needs/ Financial Sustainability

Mission Score

Survey resultsTurnover Info

Comments

Steps to improve property across each metric

Goal and timetable

Questions?

Email us at:Jill Fleming- jfleming@capitolhillhousing.orgBrad Lange- blange@capitolhillhousing.org

• Thanks for your time!