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Support Fiscal Year July 1, 2009 - June 30, 2010

Major sources of Grants are Ryan White CARE Act, Housing Opportunities for People with AIDS, State of Florida AIDS Care, Florida Department of Health (DOH), Project AIDS Care (Medicaid waiver), Florida Department of Children & Families, Substance Abuse and Mental Health Services Administration (SAMHSA), HIV/AIDS prevention funds from the Centers for Disease Control and Prevention, Monroe County Board of County Commissioners, HUD Special Needs Assistance Program, MAC Global Foundation, foundations and numerous smaller grants.

Operating grants were higher than FY 2009 primarily due to a supplemental grant from Ryan White and increases from DOH and SAMHSA funding for education and outreach programs.

Donations decreased largely due to the one time FY 2009 donation of $545,000 value of vacant land in Marathon. Special events were also lower in FY 2010 with the SMART Ride off over $28,000 from the record set in November 2008.

Rent revenue increased primarily due to opening the 14 unit Seebol Place facility in August 2009. Grants also contributed over $57,000 in rental income for Marty's Place and Seebol Place during FY 2010. The Development Fee for Poinciana Royale was earned at the closing of the permanent financing for construction. Similar amounts will be earned when the certificate of occupancy is issued, when the project is fully leased and from cash flow from operations.

Grants for Housing Construction in 2010 include $40,000 from the City of Key West for the 50 unit Poinciana Royale project now under construction.

Operating expenses were higher in 2010 with the exception of spending for Client Services.

Spending on Client Services in FY 2010 was lower for Housing Assistance due to more clients living at Marty's Place and Seebol Place receiving assistance from the Community Development Office HOPWA grant that paid rental assistance directly to AIDS Help instead of requiring reimbursement. Fewer clients received food vouchers as this assistance is based on income and housing assistance as compared to allowable monthly expenses. The increased spending for drug and dental care reflects an increased number of clients receiving this service. The increase in clients receiving mental health therapy reflects the success of the Housing First Program to help homeless clients.

Residential Facilities expenses increased primarily due to opening the 14 unit Seebol Place and higher maintenance costs for Marty's Place. Fundraising costs increased primarily due to higher production costs of the SMART Ride event.

Unrestricted cash represents approximately 13 days operating costs at June 30, 2010. Reserves for residential construction decreased during FY 2010 to build Seebol Place. Total unrestricted cash and reserves represents approximately 80 days operating costs.

Since the majority of our grants are cost reimbursement, the goal of the board is to have 180 days of operating costs in reserves to assure uninterrupted service to our clients.