Here is a summary view of the 2020 Report. You can find the entire document here.
A copy of the AJW Form 990 is also available. Follow this link.
AT JACOB’S WELL INC.
2020 ANNUAL REPORT
Well, to say that 2020 was a challenging year has to be an understatement. A pandemic essentially shut down the city and made life quite difficult for At Jacob’s Well’s residents and dedicated staff. And yet, they rose to the challenge. Our staff were named “essential workers” and continued to work throughout the year. Our residents stayed safe and healthy, and not one person came down with COVID-19.
For the second straight year, we were able to buy a new property. By purchasing the property next door, we not only increased our presence on the 300 block of East 25th St., but we will eventually be able to create more social space for our residents by taking out the wall separating the two basements. The carriage house in the property’s backyard will be cleaned and renovated and, hopefully, create room for a gym and meeting room.
As you can see by reviewing “2020 By the Numbers”, despite COVID-19 we had another year of successfully improving the lives of our residents. Of course, our work will continue, but it is nice to know that even in the world of social distancing, shutdowns and no At Jacob’s Well gatherings, we enjoyed the support of 18 organizations and over 100 individuals. Many thanks to those who remembered us this year. We truly could not have guided our residents through this pandemic without all of the help we received.
Sincerely
Robert Briggs
President
2020 By the Numbers
At Jacob’s Well provides housing for people who are homeless and have mental illness. We operate two housing programs in Baltimore City. Our transitional program (THP) provides up to 24 months of temporary shelter for individuals who have been homeless. Our permanent program (PHP) provides subsidized housing for individuals who have developed the capacity to live independently with some case management and assistance
Statistics
|
Individuals Served by Transitional Program |
14 |
|
Individuals Served by Permanent Program |
24 |
|
Service Bednights (Transitional)1 |
4294 |
|
Service Bednights (Permanent) 1 |
9855 |
|
Total Expenditures |
$486,284 |
|
Foundation Grants |
$52,600 |
Operating Performance Metrics
|
Measure |
Goal |
2020 Result |
Status |
|
Occupancy Rate (Transitional) |
90% |
90% |
Met |
|
Occupancy Rate (Permanent) |
98% |
100% |
Met |
|
Favorable Outcomes (Transitional)2 |
70% |
100% |
Met |
|
Favorable Outcomes (Permanent)3 |
95% |
100% |
Met |
|
Program Expenditures as a % of total expenses |
80% |
78% |
Under (higher food/supply donations |
|
Cost per Bednight |
$35 |
$34 |
Met |
|
Government Funding (excludes rents) |
<50% |
30% |
Met |
|
Operating Surplus/Deficit |
Positive |
$8,437 |
Met |
- A bednight is one night of occupancy by a transitional or permanent resident.
- A favorable outcome for transitional residents is when they move from transitional housing to a more permanent independent living arrangement.
- A favorable outcome for permanent residents is when they continue to remain in the permanent program or move to another independent living arrangement.
AJW FINANCIALS
Statistics
|
METRIC |
FY ‘19 |
FY ‘20 |
10 YR. AVG. |
COMMENT |
|
Total Annual Revenue |
$670,013 |
$494,721 |
$438,943 |
Increase in grants (Purchase of new building for PHP) |
|
Total Annual Expenses |
$477,902 |
$486,284 |
$426,205 |
Slightly higher due to repairs |
|
Annual Surplus or Deficit |
$192,111 |
$8,437 |
$12,737 |
Surplus due to capital grants |
|
Cost per Bed-night |
$36 |
$34 |
$29 |
Remains in the historic average |
|
End of Year Cash on Hand |
$157,933 |
$168,928 |
$93,116 |
Excludes stocks |
|
Revenue from Government |
8% |
30% |
26% |
Excludes residents S+C rent payments |
|
Salaries as Percentage of Expense |
32% |
38% |
35% |
Increase in the cost of healthcare benefits |