NHP Annual Report 2023: Dynamic Growth: Past is Prologue

Note from the Chair of the Board of Trustees

AS WE REFLECT ON THE PAST YEAR, I am proud to present The NHP Foundation (NHPF) Annual Report and to note that it will be the last report I present as I transition from the role of Board Chair to Trustee. This report highlights our achievements, challenges, and the significant strides we have made in our mission to provide affordable housing to those in need. Our work is a testament to the dedication and commitment of each member of our organization, including the vital role played by NHPF’s Board of Trustees. The responsibilities of Trustees are multi-faceted and essential to our organization’s success. Among these, fundraising stands out as a cornerstone of our efforts. The financial health and sustainability of our organization rely heavily on the active participation and support of our Trustees. Their engagement in identifying, cultivating, and securing donations, grants, and other sustained revenue streams/sources is instrumental in enabling NHPF to pursue the Foundation’s goals illuminated by our mission statement—“Being dedicated to preserving and creating sustainable, service- enriched multifamily housing that is both affordable to low and moderate income families and seniors, and beneficial to their communities.” Fundraising is not merely about financial contributions; it is about fostering relationships, advocating for our cause, engaging influencers, promoting thought leadership, and galvanizing all meaningful forms of community support, material and otherwise. Each Trustee’s unique network and influence play a critical role in our ability to raise awareness and generate the resources necessary for our projects. The organization is deeply grateful for the time and effort Trustees invest in these endeavors, particularly on behalf of NHPF’s unique annual gathering, the Symposium. Beyond fundraising, the Board of Trustees is tasked with governance, strategic planning, and risk oversight. Your guidance ensures that we remain true to our mission while navigating the complexities of the affordable housing sector. Through your expertise and vision, we have been able to implement effective policies, maintain fiscal responsibility, and uphold the highest standards of transparency and accountability. As I reflect back on my 13 years as Chair of the NHPF Board of Trustees, I know continued success will depend on the unwavering support and active involvement of all stakeholders. I encourage each of you to remain engaged, bring forth innovative ideas, and leverage your networks to further our mission. Together, we can create more opportunities for those in need of affordable housing and continue to make a meaningful impact in our communities. Thank you for your dedication and service and for this most meaningful chapter of my professional life. I look forward to supporting Glynna Christian and Cherie Santos- Wuest, the new Chair and Vice Chair respectively, while also remaining a part of this organization’s continuing achievements in the coming years. Ralph F. Boyd, Jr., Chair

RALPH F. BOYD, JR., CHAIR

2023 Trustees Ralph F. Boyd, Jr. Chair Glynna K. Christian Vice Chair Robert H. Abrams Richard F. Burns Sarah E. Feinberg Cherie Santos-Wuest Sheldon L. Schreiberg

Charu Singh Grace Torres Adam Weers

2 THE NHP FOUNDATION | FISCAL YEAR 2023 ANNUAL REPORT

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