Capitol Hill Housing Portfolio Assessment
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Capitol Hill Housing Portfolio Assessment Presentation at AHMA/ARHC Conference April 23, 2014 Jill Fleming Brad Lange
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Capitol Hill Housing Portfolio Assessment. Presentation at AHMA/ARHC Conference April 23, 2014 Jill Fleming Brad 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 - PowerPoint PPT Presentation
Transcript of Capitol Hill Housing Portfolio Assessment
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- [email protected] Lange- [email protected]
• Thanks for your time!
