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FHCHI - youth house - DS NPSHFHY Budget Draft 1-pmr.docx
Northampton permanent supportive housing for homeless youth Annual Operating Budget Revenue Amount Revenue Source Rental Income 8 units 1.5, 2-BR units @ HUD FMR $924/month $ 16,632 MHSA (State)* .5, 2-BR units @ HUD FMR $924/month $ 5,544 HHS (Federal)** 4, 0-BR discounted rent $400/month $ 19,200 Tenant (private)*** Case Manager Support $ 9,751 MHSA (State) Case Manager/Outreach Support $ 26,653 HHS (Federal) Total Project Revenue $ 77,781 Expenses Personnel Facilities Maintenance Coordinator @ .2 FTE $ 7,925 Rent Case Manager @.67 FTE $ 23,114 MHSA/HHS Street Outreach @ .26 FTE $ 9,246 HHS Subtotal - Personnel $ 40,284 Non Personnel Utilities $ 8,000 Rent Property/Liability Insurance $ 2,500 Rent PILOT $ 900 Rent Maint. (snow, repairs, landscape, security, trash) $ 6,571 Rent Telephone/Internet $ 2,760 Rent Subtotal non-personnel $ 20,731 Total Expenses $ 61,015 Admin @12.5% $ 7,627 Replacement Reserve $ 4,800 Rent Operating Reserve $ 4,338 Rent Total $ 77,780 Non-cash annual Depreciation $ 17,500 *Secured grant in 3rd year funded through state Home & Healthy for Good LGBTQ Housing First funds subcontracted to DIAL/SELF through Massachusetts Housing & Shelter Alliance **Secured 3 year grant funded through US Dept HHS through FYSB RHY awarded directly to DIAL/SELF *** 4 units with lower than Market Rate rents to be charged directly to tenants pending additional funding applications: United Way of Hampshire County – Decision in July 2016 MA EOHHS (subcontracted through Community Action) - Decision in March 2016 MRVP/HUD Section 8 Subsidies – Applications pending project completion