Each year, Broward Housing Solutions® (BHS®) undergoes multiple contract monitorings and a comprehensive annual financial audit conducted by an independent auditing firm. Our finance team works diligently to maintain the highest standards of accuracy, accountability, and transparency across all operations.
To further demonstrate our commitment to impact and integrity, BHS® produces an annual Impact Report highlighting the effectiveness of our mission-driven work. This report offers a detailed summary of our accomplishments over the past year, featuring key outcomes, personal success stories, financial highlights, and the strength of our community partnerships.
Beyond celebrating progress, the Impact Report also outlines future goals and strategic priorities—ensuring BHS® remains focused, mission-aligned, and responsive to the evolving needs of the individuals and families we serve.
| Category | 2017 | 2016 | Increase/Decrease |
|---|---|---|---|
| Governmental grants and contracts | 2,465,725 | 2,283,032 | 182,693 |
| Rent | 619,336 | 600,522 | 18,814 |
| Forgiveness of debt | 119,930 | 119,930 | – |
| Contributions | 232,886 | 161,536 | 71,350 |
| Other | 42,291 | 10,397 | 31,894 |
The following graph presents expenses of the Organization before impairment loss for the year:
Total expenses for the year ended June 30, 2017 were $3,661,285. This represents an increase of $328,844 when compared with the prior year.
Components of expenses changed as follows:
| Category | 2017 | 2016 | Increase/Decrease |
|---|---|---|---|
| Housing program | 3,348,617 | 3,069,588 | 279,029 |
| Management & general | 312,668 | 262,853 | 49,815 |
The following graph illustrates actual net assets of the Organization for the last five (5) years:
Total net assets at June 30, 2017 were $3,600,569. This represents a decrease of $176,885 over 2016.
Components of net assets are as follows:
| Unrestricted | $3,568,345 |
|---|---|
| Temporarily Restricted | $32,224 |
| Total | $3,600,569 |
