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

 

  1. A bednight is one night of occupancy by a transitional or permanent resident.
  2. A favorable outcome for transitional residents is when they move from transitional housing to a more permanent independent living arrangement.
  3. 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