Head Start Homes Annual Report 2024

 

A Year of Good Growth and Impact ✨

We are thrilled to announce the release of our 2024 Annual Report! ✨

Our report highlights significant achievements, financial growth, and the transformative impact Head Start Homes has had over the past year. From doubling home ownership outcomes to expanding our community engagement, we have made incredible strides in empowering individuals and families. 🏡💪

You can check out our interactive 2024 Annual Report by clicking here.

📊 Key Highlights:

  • 🎓 Financial capability: 161 households have used our Savings Plans and improved their savings by an average of 96%.

  • 🏡 Home Purchases: 18 homes have been purchased by our clients, doubling the number of homes purchased since November 2023. Our homeowners have on average increased their savings by 170% whilst using our savings plans.

  • 👩‍👧 Equalising Home Ownership Access: 67% of our new homeowners are First Nations, 44% are single mums, and 78% were social housing tenants.

  • 🏠 Social Housing: We’ve freed up 14 social and affordable homes for families on a waitlist and at risk of homelessness.

  • 🧑‍🤝‍🧑 Client Stories: Our annual report showcases inspiring client stories that highlight the success of our Empowerment Products and Service

  • 🎥 Kamini’s Film: This year, we are excited to showcase Kamini's short film. Kamini is an extraordinary mother who has triumphed over considerable obstacles to realise her dream of owning a home.

  • 📈 Financial Growth: Our revenue increased by 55% to $643,778, our assets grew by 162% to $4,801,705, and our operating surplus increased by 151% to $157,568.

  • ♻️ Recycling Capital Fund: We have successfully secured $5.7 million for our recycling capital fund.

  • 🪙 In-kind Support: We received significant in-kind contributions from a variety of organisations, valued at over $470,000.

  • 👥 Team Growth: The team at Head Start Homes has doubled in size over the past year. Our amazing new team members bring unique skills and perspectives that enhance our ability to serve clients effectively.

We extend our heartfelt gratitude to our Board, dedicated staff, partners, volunteers, and clients for their unwavering support and determination. Together, we are making a difference, one home at a time. 💚🏠

Special Thanks to our Major Partners: Westpac, The Wollongong City Council, Aboriginal Housing Office, Snow Foundation, Lendlease and Stockland.

#AnnualReport #CommunityImpact #FinancialGrowth #HomeOwnership #Empowerment #HeadStartHomes

 
Natasha KahnComment