2 0 1 5 A N N U A L R E P O R T | T H E S O U R C E F O R H O U S I N G S O L U T I O N S

CONNECTIONS – that is what we worked hard to achieve in 2015.

Expanding our connections with a diverse, expansive network of thought leaders

and connecting them to the issues and discussions shaping supportive housing today.

Our goal in 2015 was to foster a wider understanding of the interconnectivity between

supportive housing and healthcare, mental health, criminal justice reform, family well-being,

substance use recovery, economic opportunities, and community development.

With our partners, colleagues and supporters, we want to build on our accomplishments and

continuously improve supportive housing to make sure our models are connecting with the

vulnerable people who need them the most, transforming lives and communities in the process.

Growing the inventory of supportive housing and building a better system of care requires

solid connections at every level of government and with other stakeholders. Connecting these

dots is something we did in 2015, and do every day at CSH, and we are eager to share

our results with you.

James L. Logue III Deborah De SantisChairman President & CEO

CONNECTING THE DOTS, the various systems and

services that deliver help, is what we must do to achieve lasting results

that lift the most vulnerable people in our society out of trauma and into

better lives. CSH has used housing as a platform to do this for 25 years.

In 2015, we built on a solid record of accomplishment by emphasizing

the interconnectivity and interdependency of housing to healthcare,

family services, child welfare agencies, mental and behavioral health,

substance use recovery, community reentry and reintegration, and

a host of other locally-based supports.

Helping providers change the trajectory of lives is what we aim for

whenever CSH provides a loan or grant, consulting expertise, training

or advocacy that advances supportive housing and the connections

among thousands of service providers. We were most proud last year

when we surpassed the $500M mark in our lending and grants,

critical funding lifelines that have been instrumental in creating

over 200,000 homes in supportive housing since 1991.

AS 2015 BEGAN, we explored additional ways to grow the

impact of supportive housing through connections with service agencies

outside of the network that focuses primarily on housing-homelessness.

We stressed these relationships not because our goals have changed;

rather, we want to maximize and leverage our reach and outcomes

through increased collaboration and cooperation.

We are looking beyond homelessness to root conditions creating turmoil

in the lives of vulnerable individuals and families, circumstances that

ultimately lead to and compound their homelessness. For example,

CSH led the national dialogue in 2015 around the intersection of

housing and health care – connecting hospitals, managed care

organizations and health policymakers to supportive housing.

We also pushed the envelope to expand newer mechanisms, such

as Pay for Success financing and access to Medicaid service dollars,

to leverage more openings for supportive housing providers to connect

with valuable resources.

AS WE HELPED CREATE an environment for families

to access affordable housing, agencies that strive to preserve families

and protect children became our partners as new possibilities for

keeping families together safely in their own homes emerged.

Last year, we focused more on recognizing the importance of the

addictive treatment services and mental health sector’s role in the

supportive housing and service delivery system. CSH is committed

to facilitating and convening productive dialogue among leaders and

practitioners to create and implement a comprehensive recovery-oriented

system of care that integrates and includes supportive housing.

In 2015, we were excited to see momentum build for comprehensive

criminal justice reform integrating evidence-based practices such

as supportive housing into federal and state strategies to address the

needs of those leaving jails and prisons. Reform goals that include

preventing recidivism and unnecessary incarceration among those

with mental illness and substance use disorders.

AS HAS BEEN THE CASE since our very beginnings,

increasing the supply of supportive and affordable housing remains

fundamental to our mission. But 2015 brought home to us the reality

that creating more housing is only part of the solution; we must also

focus on connecting housing to the services delivery systems designed

to serve the most vulnerable people in our society.

Looking ahead, we will continue our efforts to connect multiple

public services delivery systems to each other and the people served

by supportive housing. Connecting these dots will allow supportive

housing to reach its full potential – as a solution not only for

homeless people with significant barriers to housing, but also

those of other complex, highly vulnerable populations that can

live independently in an affordable home of their own with

the stability and services they need and deserve.

F I N A N C I A L S 2 0 1 5

CLICK HERE

Access CSH Consolidated Financial Statements

and Independent Auditor's Report

December 31, 2015 and 2014

The Kresge Foundation on Investing

in the CSH Social Innovation Fund Initiative

PROGRAM SERVICES

GRANTS & DIRECT SUPPORT

MANAGEMENT & GENERAL

FUND RAISING

TOTAL EXPENSES = $32,101,015

GRANTS & CONTRIBUTIONS

IN-KIND

CONTRACT SERVICES

INTEREST INCOME - LOANS

FEE INCOME - LOANS

INTEREST/DIVIDENDS

OTHER

TOTAL INCOME = $32,110,270

67%

17%

15%

1%

1% 3%

36%

7%34%

14%

5%

2 0 1 5 B O A R D O F D I R E C T O R S

James L. Logue III - ChairmanChief Operating OfficerCinnaire

Stephen Norman – Vice ChairExecutive DirectorKing County Housing Authority

Rachel Diller – SecretaryChief Executive OfficerUrbanView Capital

Jeffrey I. BrodskyPresidentRelated Management Co.

Deborah De SantisPresident and CEOCSH

Karen DiverChairwomanFond du Lac Band of Lake Superior Chippewa

Pete EarleyAuthor/Journalist

Dorothy EdwardsAdvocateLA Supportive Housing Advocate Program

Donald S. Falk Executive Director TNDC

Sandra Forquer-Dransfield, PhD.Retired, SVP, State Government ProgramsOptum

Steven FriedmanExecutive Vice President, Finance & TaxWalton Global Holdings, Ltd.

Michelle NorrisPresidentNational Church Residences Investment Corp.

Dr. Jim O’ConnellPresidentBoston Health Care for the Homeless Program

Carolyn PowellPresidentCP Integrated Solutions

Linda RosenbergPresident and CEONational Council for Community Behavioral Healthcare

Sherry SeiwertPresidentIndianapolis Downtown, Inc.

Douglas M. WeillManaging PartnerHodes Weill & Associates

Deborah BurkartNational VP, Supportive HousingNational Equity Fund

F U N D E R S & S U P P O R T E R S H E L P U S C O N N E C T

M A J O R F U N D I N G PA R T N E R S

Annie E. Casey Foundation*

Capital One*

Connecticut Department of Mental Health & Addiction Services

Conrad N. Hilton Foundation*

Corporation for National and Community Service

Edna McConnell Clark Foundation

Hartford Foundation for Public Giving

Houston Endowment, Inc.

Indiana Housing and Community Development Authority

Kresge Foundation

McGregor Fund

Melville Charitable Trust

Michael Reese Health Trust

Oak Foundation

Ohio Department of Rehabilitation and Corrections

Polk Bros. Foundation

Robert Wood Johnson Foundation*

The Jacob and Valeria Langeloth Foundation

The McKnight Foundation

The Meadows Foundation

U.S. Department of Housing and Urban Development

U.S. Department of Treasury

van Ameringen Foundation, Inc.

Weingart Foundation

K E Y F U N D E R S

Bank of America Charitable Foundation

Bank of America**

California Community Foundation

California Wellness Foundation

Casey Family Programs

Central Florida Foundation

Circle the City

City of Chicago, Department of Family and Support Services

David Weekley Family Foundation

Deutsche Bank*

Dignity Health*

Fairfield County Community Foundation

Greater Minnesota Housing Fund

Harris Family Foundation

HSBC Bank USA*

Illinois Council on Developmental Disabilities

Illinois Housing Development Authority

L.A. Care Health Plan

Los Angeles Housing and Community Investment Department*

Mercy Partnership Fund**

MetLife**

Michigan State Housing Development Authority

Mizuho USA Foundation, Inc.

Morgan Stanley**

F U N D E R S & S U P P O R T E R S H E L P U S C O N N E C T

K E Y F U N D E R S

New York Community Trust

Nina Mason Pulliam Charitable Trust

Ohio Capital Corporation for Housing

Ohio Housing Finance Agency

Open Society Foundations

Orange County Community Services

Orlando, City of, Florida

Robin Hood Foundation

San Diego County Behavioral Health Services Administration

San Francisco Foundation

San Francisco Mayor's Office of Housing

State of Illinois Department of Human Services

The Boston Foundation

The Butler Family Fund

The California Endowment**

The Chicago Community Trust

The Fan Fox and Leslie R. Samuels Foundation

The Hearst Foundations

Trinity Health Corporation **

United Way of Greater Los Angeles

UnitedHealth Group

Valley of the Sun United Way

Wells Fargo NEXT Award**

O T H E R 2 0 1 5 S U P P O R T E R S

Academy For Professional Excellence

Anthem Blue Cross

Arizona Department of Housing

Asheville Housing Authority

BB&T Bank

Blue Cross Blue Shield of Michigan Foundation

Brilliant Corners

California Hospital Medical Center

Cambridge, City of

Camden Coalition for Healthcare Providers

Carrfour Supportive Housing

Catholic Health Initiatives**

Central California Alliance for Health

Central Houston Civic Improvement Inc.

CITI

City of Aurora

City of Boston Neighborhood Development Department

City of Madison Wisconsin

City of South Bend

Coalition for the Homeless - Louisville

Colorado Health Foundation

Community Health Improvement Partners

Compass Health dba Pathways

Connecticut Department of Housing

F U N D E R S & S U P P O R T E R S H E L P U S C O N N E C T

O T H E R 2 0 1 5 S U P P O R T E R S

Connecticut Housing Finance Authority

Council of Community Clinics

County of San Diego Dept. of Housing & Community Development

Destination Home

Enterprise Community Partners

EveryOne Home

F. R. Bigelow Foundation

Family Housing Fund

Federal Home Loan Bank System

First Community Housing

Flagstar Bank

Glendale Memorial Hospital & Health Center

Grand Rapids Area Coalition to End Homelessness

Healthcare Foundation of New Jersey

HealthFirst Management Services LLC

Heart of West Michigan United Way

Henry E. Niles Foundation

Housing and Community Services Agency of Lane County

Houston Downtown Management District

Illinois Attorney General

Lane County

Liberty Bank Foundation

LINC Housing

Los Angeles County, Supervisor Mark Ridley Thomas' Office

Los Angeles Homelessness Services Authority

M.D. Anderson Foundation

Mahoning County Health Board

Mardag Foundation

Massachusetts Housing and Shelter Alliance

Mecklenburg County Community Support Services Department

Michigan Coalition Against Homelessness

Missouri Foundation for Health

Molina Healthcare

Montgomery County

Napa County Health & Human Services Agency

National Alliance to End Homelessness

Neighborhood Partnerships

NeighborWorks America

New Jersey Department of Children and Families

New York State Health Foundation

Ohio Department of Mental Health and Addiction Services

Ohio Department of Youth Services

OptumHealth

Orange County

Pennsylvania Health Access Network

People's United Community Foundation

Pierce County

Pierce Family Charitable Foundation

Pioneer Institute

PNC Foundation

Policy Research Associates

Prince Charitable Trusts

F U N D E R S & S U P P O R T E R S H E L P U S C O N N E C T

O T H E R 2 0 1 5 S U P P O R T E R S

Retirement Research Foundation

San Diego Workforce Partnership

Santander Bank Foundation

Simmons Foundation

Sisters of Charity Foundation of Canton

Supportive Housing Communities

Technical Assistance Collaborative

Texas Department of Housing and Community Affairs

The BTMU Foundation

The City of Boston

The Community Foundation for Greater New Haven

The Denver Foundation

The Moody's Foundation

The Ralph M. Parsons Foundation

The Saint Paul Foundation Inc.

Tides Foundation

U.S. Department of Health and Human Services

United Way of Central Indiana

United Way of Central Maryland

United Way of Dane County

University of Central Florida

Vera Institute

Virginia Coalition to End Homelessness

VNA Foundation

Walla Walla County Department of Community Health

* Grant and loan fund investor

** Loan fund investor

I N D I V I D U A L D O N O R S

CSH Board of Directors

Adam Handwerker

Apryl F. Schlafer

Ashley Schiavone

Brent Holl

Capella University

Combined Federal Campaign

Dani Robbins

David Provost

Denise O'Leary

Donovan Deets

Erin Burns- Maine

Frances Groves

Howard and Jacqueline Chertkof Foundation

Janet Markman

Janis Ikeda

Jeff Augustyn

John R. Fallon

Judith and Roy Snyder

Katie Kitchin

Kenneth Malkin

Lawrence D. Rubenstein

Leah Recchio

Lori Phillips-Steele

Matthew Calkins

Michael and Eileen Model

Nancy McGraw

Patrick Mcvey

Robert Friant

Robert J. Skiba

Robert Roush

Ryan Moser

Stephen Abraham

Yinka Martins