AT JACOB’S WELL STATEMENTS OF FINANCIAL PPOSITION JUNE 30, 2010 AND 2009
When I irst took over as Execu- tive Director of At Jacob’s Well in 1994, it was clear to me that my most important job was to keep the organiza- tion inancially stable so that the good work that was being done by the staff and volunteers could continue for as long as it was needed. Having accepted that challenge, I came to realize that the best possible way to ensure our safety was to build up and maintain a solid reserve of assets to fall back on in these hard times. With the help of our Board and our staff, I have tried to do just that.
The assets of which I speak are not simply iscal. These assets are much more important. They are intangible assets. They are human assets. First and foremost, the dedicated and hardwork- ing staff are an important asset. They do so much every day. Doreen, Denise, Leah and Victor keep our programs running smoothly and our houses look- ing good. They continue to make it all happen on a daily basis.
At Jacob’s Well’s Board of Direc- tors is a great asset too. For the last twenty-four years they have worked diligently to keep the organization healthy. They give their time, their money, their expertise and their spirit to make At Jacob’s Well the best it can be. Our Board members are the heart of At Jacob’s Well.
There are, of course, the scores of people who donate cash to us. some on a very regular basis. There are some who give annually. Some give quarterly
or whenever they receive our newslet- ter. Others give monthly. These gener- ous people are great assets, as well. They give us hope.
Those friends who give of them- selves to our residents are important assets. The members of the Church of the Resurrection, who make our resi- dent dinners successful by giving food and fellowship every month, are ine examples. They bring food, but their most important gift is themselves. They are their greatest gift to us.
The good reputation that At Jacob’s Well has worked hard to main- tain is a very important asset. Our fun- ders, individuals, churches, govern- ments and foundations, know that we are honest and very ef icient. We try to stay out of politics and don’t allow funding to dictate our programs. We are about providing housing with dig- nity and a community with compas- sion. Our mission is about saving lives. It is a sacred trust, and is not negotiable.
Fiscal Year 2010 was a hard year. Our government funding was cut. Do- nations were down substantially. Foun- dations were not giving grants and costs continue to rise, of course. We ended the year with a fairly large de icit. How- ever, we cannot complain too much. Thanks to our ever-growing assets, we were able to continue with our mission. And I know that, because of those assets, At Jacob’s Well can withstand a hard year, maybe even two.
Albert Keith Roach Executive Director