2014 Annual Report

North Shore CDC invests in neighborhoodsto create thriving communities

47 jobscreated

Building Homes

6 formerly homeless familiesreceived financial assistanceto move into our apartments

29 Quality Affordable ApartmentsDeveloped for 76 Local Residents

Building Homes

2013 Regional Impact

Transformative Developments

Local Investment

$20 million leveraged in Beverlythrough our housing development

We envision a North Shore where everyneighborhood is one of choice & opportunity

Strengthening CommunitiesStrengthening Communities

100% of our YouthBui ld graduates areemploymed full-time or enrolled in college

355 Residents are actively participatingin neighborhood-wide planning initiatives

$447,500 committed tothe community-drivenPoint NeighborhoodVision and Action Plan

Our Community

Engl ish Classes

graduated

51 adults

Community Engagement

Neighborhood Programs

51 low-income households

recieved $49,567 back on

their tax returns through

our free tax prep program

We invest strategically in

real estate development,

in community and civic

engagement, and in quality,

neighborhood-based

programming that brings

opportunity to low-income

residents to improve the

quality of l ife on the

North Shore.

North Shore CDC is positioned to bring our neighborhood development

model to communities throughout the region by focusing on historically

low-income and distressed neighborhoods in need of revitalization.

• Our most recent housing development created 108 units of

affordable housing in Beverly’s lowest income neighborhood.

• Our YouthBuild North Shore program is the only program in the

region serving young people under the national YouthBuild model.

• Our collaborative 7-year neighborhood improvement plan, the

Salem Point Vision and Action Plan, engaged over 300 residents

and created city-wide commitments for neighborhood investment.

• Our long-term partnerships with 6 local universities engaged 19

interns and 180 one-time volunteers who together completed

3,143 volunteer hours to support existing projects, pilot new

programs, and provide valuable evaluations for our work.

2013 SUCCESS

LOOKING AHEADOur three year strategic plan guides our work through 2016:

• Pursuing strategic partnerships that improve scale, efficiency and

innovation to maximize our impact and improve our sustainability.

• Investing in the development of leaders throughout our communities.

• Operating a sustainable organizational platform well-suited for growth.

• Creating community-driven investments in the neighborhoods we serve.

OUR REGIONAL MODELNEIGHBORHOOD REVITILIZATION

“YouthBuild North Shore makes a huge difference in

people's lives. It’s a large part of the reason I got my

high school diploma, and if it weren't for YouthBuild,

I wouldn't be the person I am today.

Caroline Oliver graduated from YouthBuild North Shore in 2013 and

has since completed her first year at North Shore Community College

”

$ 2 . 5 M

2 M

1. 5 M

1 M

950

900

850

800

2011 2012 2013 2014 2015 2016

In the past 3 years, North Shore CDC, exclusive of our properties, has doubled

our staff capacity & budget. In the next 3 years we project to double again.

Our work is made possible by the generosity of the many individuals

and organizations who support our investment in the North Shore.

Thank You.

F INANCIALSREVENUE & SUPPORT Rental Revenue $ 1,297,880 Contr ibut ions 228,283 Developer Fees 161,873 Asset Management 11,250 Interest Revenue 10,481 Other Revenue 615,854 2,325,621EXPENSES Real Estate 1,364,607 Community Development 499,780 Management 344,021 2,208,408

NET INCOME 117,213

BEGINNING NET ASSETS 6,610,148

CHANGE IN NET ASSETS 968,128 ENDING NET ASSETS 7,578,276

NORTH SHORE CDCBY THE NUMBERS

Caroline Oliver graduated from YouthBuild North Shore in 2013 and

has since completed her first year at North Shore Community College

My parents separated and we moved around a lot.

I don’t want my kids to live like that. I want them

to have a stable home.. North Shore CDC is taking

care of that.Mario Alves lives in Beverly in our Holcroft Park Homes development

with wife Amanda and their 3 children- Riley, Madison, and Daniel.

”

“

REVENUE & SUPPORT Rental Revenue $ 1,297,880 Contr ibut ions 228,283 Developer Fees 161,873 Asset Management 11,250 Interest Revenue 10,481 Other Revenue 615,854 2,325,621EXPENSES Real Estate 1,364,607 Community Development 499,780 Management 344,021 2,208,408

NET INCOME 117,213

BEGINNING NET ASSETS 6,610,148

CHANGE IN NET ASSETS 968,128 ENDING NET ASSETS 7,578,276

North Shore Community Development CoalitionPRESIDENT Gary LeachLynnfield

TREASURER Judith ZollaRevere

Steve BrittonPeabody

Elizabeth Duclos-OrselloSalem

Rev. Alan FroggattBeverly

David JacobsonSalem

Diana KerryNewburyport

Doug LanoisHamilton

VICE-PRESIDENT Adria LeachSalem

SECRETARY Linda-Anderson MercierBeverly

David PabichSalem

Nicholas SarantopoulosPeabody

Leonette StroutSalem

Lesli WoodruffBeverly

Rosario Ubiera-MinayaSalem

Board of Directors

StaffJo Ann MarquisAccountant

Christina ContiYouthBuild Program Coordinator

Luz GarayFamily Stability Program Coordinator

Andrea RhoadesCommunity Engagement Coordinator

Kenia TorresAdministrative Assistant

Leonardo AlmonteMaintenance Technician

Eduar GonzalezMaintenance Technician

Jesus AlmonteMaintenance Assistant

Jose FerminMaintenance Assistant

Mickey NorthcuttChief Executive Officer

Kristin AndersonChief Program Officer

Jason PinaChief Operating Officer

Jackie GiordanoDirector of External Affairs

Pat LeathersDirector of Finance

Hendrik Van LeestenDirector of Housing Development

llene VogelDirector of Economic Development

Nancy DiazAssistant Property Manager

Jenny GomezAssistant Property Manager

Jenny LiAccountant

North Shore Community Development Coal i t ion102 Lafayette Street, Salem, MA 01970

ph: 978.745.8071 fax: 978.594.8826www.northshorecdc.orginfo@northshorecdc.org

NorthShoreCDC

Committee MembersBarabra ClearyReal Estate Committee

Jon FreyReal Estate Committee

Noah KoretzReal Estate Committee

Kimberley Martin-EpsteinReal Estate Committee

Kevin BettencourtFinance Committee

Carrie CabotPartnership Committee

Elizabeth BradtPartnership Committee

Dolores GormleyPartnership Committee

Jim LatterPartnership Committee

Nancy Sheena SarlesPartnership Committee

Brenda SmithPartnership Committee

‘