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Creating homes and connecting people Annual Report 2019
Creating homes and connecting people
Annual Report 2019
Westside Housing Association Inc.02
Our vision
A South Australian community that is appropriately housed and socially connected.
Our mission
To provide housing options that reduce homelessness and improve social outcomes by providing people a sense of community.
Our valuesConnections – we all need to belong
● Help people connect
● Look for and harness strengths
● Work together because we can’t do it alone
● Include others in decisions
● Be kind and treat people with respect
Innovation – we are forward thinking
● Look ahead
● Ask questions
● Find answers
● Turn ideas into action
● Be persistent and don’t give up
● Challenge the norms
Excellence – we make a difference
● Deliver outcomes
● Be exceptional and help others to be exceptional
● Listen
● Strive for fairness for everyone
● Keep improving
● Think safe, act safe
Why we are here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 03
Message from the Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . 04
CEO foreword . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 06
Who we are . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 06
Our strategic objectives by 2021 . . . . . . . . . . . . . . . 07
Our Board members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 08
Our stories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Our impact . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Our community . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Co-operative housing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Our initiatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Our new homes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Our homes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Financial position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Contents
Memberships and partnerships
Industry memberships
Annual Report 2019 03
Older people
Australian house prices have more than doubled but this doesn’t mean that all older South Australians have shared equally in our extended housing boom. We are seeing an alarming increase in the number of older people who face retirement without the nest egg of a home free from a mortgage. The biggest increase in homelessness is older single women who were renting (31% increase).4 This is overlaid with a substantial decrease in public housing available to people on the lowest incomes in South Australia.
Proportion of households headed by persons aged 65 and over in rented accommodation by landlord3
Housing is a human rights issue It is well understood that housing is a basic human right. The Human Rights Commission has clearly stated that we all have a fundamental right to an adequate place to live in peace, dignity and security. To achieve this right they believe that governments need to engage all appropriate means to ensure everyone has access to housing that is adequate for health, well-being and security.1
Why is housing so important?Housing is the foundation on which we build our lives – it is not just a house but also a home. Without a stable home our capacity to seek employment and become self-sufficient in the future is compromised.2
Home ownership is becoming harder for everyoneYounger people
Younger Australians are increasingly being locked out of home ownership and renting is tough with nearly half (47%) of people on low incomes paying more than 30% of their pre-tax income on rent.
Home ownership is falling, particularly for young people on low-incomes3
Why we are here
Less social housing in South Australia
At the same time that housing ownership is becoming more unaffordable, we have seen a dramatic disinvestment in public housing. At its peak in 1992/1993 there were 63,200 homes available for people who were struggling in South Australia.5 Today, there are nearly 20,000 fewer rentals available overall from public housing (the state government) and community housing providers like Westside Housing.
1. Sidoti, S. The Human Rights and Equal Opportunity Commission. ‘Housing as a human right’. National Conference on Homelessness Council to Homeless Persons. Sydney, September 1996. 2. Taskforce Report to the Minister for Human Services. Towards a Housing Homelessness and Support Strategy – Strategic Intent. South Australia. June 2019. 3. Daley, J. Coates, B. Wiltshire, T. Why should we care about housing affordability? Grattan Institute. Viewed 19 September 2019. https://grattan.edu.au/ news/why-should-we-care-about-housing-affordability/. 2019. 4. National Older Women’s Housing and Homelessness Working Group, Retiring into Poverty: A National Plan for Change: Increasing Housing Security for Older Women. August 2018. 5. SA Government, statistic supplement. Housing in Focus 2007-08. Adelaide. Government of SA.
Westside Housing Association Inc.
Our development and acquisition programThis year our strategic focus was the acceleration of our development and acquisition program. We commenced three projects in partnership with the SA Housing Authority through its Community Housing Asset Renewal Program (CHARP) and this partnership is delivering new homes in Taperoo, Ingle Farm and Parafield Gardens.
Our first priority has been to align our homes to the changing demographics of current and future customers with a transition towards people living alone. In line with this strategy we have planning consent to construct another 19 new homes in Prospect, Blair Athol and Enfield.
Many of our projects involve the purchase of land independent of government for affordable build-to-rent projects that will extend our reach to people who are working and facing affordability issues.
We currently have over 40 homes in the development pipeline.
Message from the Chair
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Increasing demand for affordable housingLike many in the social housing sector, Westside Housing faces
new realities, continuing financial and social pressures and increasing demand for our affordable housing.
Our work to provide housing for low and moderate income earning South Australians – many of whom have been priced out of the private rental or home ownership markets – is more important than ever.
Westside Housing is ready for growthFor the past five years our strategy has been to methodically improve our systems and assemble a talented leadership team to ensure we have a solid platform for future growth. I am pleased to announce that we are now ready to go to the next level.
What does this mean for Westside Housing?
Growth is about playing a larger role in the solution to the affordable housing crisis.
It is about building, acquiring and managing more affordable rental homes for people who are vulnerable and in need of safe, secure and affordable housing, while at the same time delivering and continually striving for excellence in our award-winning customer service.
Westside Housing Company will commence 1 October 2019Our first task in the new financial year is to alter our legal structure to a company limited by guarantee so look out for Westside Housing Company from 1 October 2019. This will help us meet our strategic goal to build more homes for both rental and sale to the South Australian community.
Annual Report 2019
Excellence in Social Housing Award At the recent Australasian Housing Institute Professional Excellence in Housing Awards, held in Adelaide, Westside Housing was the winner of the category ‘Excellence in Social Housing’ for our Place by Place approach. This model combines operational data and feedback from our customers to pin point hot spots, whether they be increased police presence and neighbourhood complaints in one area, or longer vacancy times in another. The model sees our multidisciplinary team work together, informed by and working with customers to make sustained change. The Place by Place approach works particularly well at high-density sites, such as larger groups of flats.
for older single women and people who are experiencing homelessness.
I would like to extend our thanks and appreciation to Peter Fisher who has left the role of Chair after nine years on the Board. Peter was instrumental in shaping our transformation into the professional and proudly independent housing service we are today.
I would also like to thank my fellow Directors who volunteer their time and expertise to support Westside Housing through their work on the Board and sub-committees and many activities in between.
And of course, a big thank you to Julie and our Leadership team, along with our dedicated staff and volunteers who work hard for our business and its customers, and who through their daily work breathe life into our values and deliver an outstanding service.
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Peter Weeks, Chair
It is about building, acquiring and managing more affordable rental homes for people who are vulnerable and in need of safe, secure and affordable housing. At the same time it is about innovation and excellence in customer service.
Westside Housing will benefit from the newly established National Housing Finance and Investment Corporation (NHFIC) with our first loan application being processed. NHFIC financing will lead to Westside Housing scaling up its development schedule, and investing in innovative housing solutions
Westside Housing Association Inc.
Westside Housing concluded the year with the welcome news that we were awarded an SA Excellence
in Social Housing Award by the Australasian Housing Institute.
Listening to – and acting on – the views of our customersAt Westside Housing we understand that the key to an excellent service is listening to - and acting on – the views of our customers.
Winston Churchill FellowshipThis is what inspired a successful application for a Winston Churchill Memorial Trust of Australia fellowship trip to the United Kingdom (UK), Ireland and Scotland.
With a strategic intent of escalating our redevelopment program, an important part of our preparation has been to understand internationally-accepted best practice in the area of resident engagement.
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Julie Blake, CEO
CEO foreword
Place by PlaceBringing the learnings on resident participation back to Australia, the Westside Housing team has been quick to make changes to practice and solidify existing operations, leading to the testing phase of our award-winning Place by Place approach.
Improving design capabilityWe are also embracing co-design models of engagement and project management to improve our projects. Gaining knowledge from current customers with lived experience in their homes and their community dramatically improves our design capability.
Current projects are focusing on smaller houses, particularly to support the changing needs of contemporary veterans facing home- lessness and a ‘shared equity’ model for single older women which employs learnings from both research and lived experience.
Welcome to PEACH Housing Co-operativeThis year Westside Housing continued to support our changing service system and welcomed four former members and their homes in the inner north from PEACH Housing Co-operative Inc.
Who we areWe provide medium and long-term affordable rental housing across metropolitan Adelaide for people in need. Our customers include seniors, veterans, singles and families of all types. We have a focus on people facing homelessness. Westside Housing is a licensed real estate agent and also caters to people just looking for a home that is affordable.
Annual Report 2019
Customers and communities
Provide a safe and high-quality customer service
Deliver better support to those
who need it
Work with others to build vibrant,
inclusive communities
Measure our impact
Explore opportunities to manage
problematic sites
Grow our capacity
Run an effective and efficient
business
Support our people
Invest in infrastructure for expanded development
activity
Diversification of business
Quality homes
Redevelop existing sites
Build homes for sale
Increase the number of
our affordable rental homes
Invest in the homes we own
Build strategic relationships
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The strategic plan 2018–2021 outlines our strategic priorities to ensure Westside Housing delivers on our vision to reduce homelessness and improve social outcomes.
Our strategic objectives by 2021
Tier 1 registration
Establish Westside Housing
Company Ltd
Escalate development plan
Our staff are the key to reaching our strategic goals.
Peter Weeks
Chair of the Westside Housing Association Inc. Board Member of Westside Housing Association Inc. Development Committee
Qualifications Fellow Australian Institute of Company Directors (FAICD)
Experience Peter has over 30 years’ experience in commercial, retail and residential property development. Currently a Director of 24fit (SA) Pty Ltd. Previously a Director of several
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private companies that have been involved in the development and ongoing management of retirement villages. Previous Director of BI-LO Supermarkets and Foodland SA. Peter has also served on the boards of the Pembroke School Foundation and the Stirling Business Association.
Miranda Starke
Deputy Chair of the Westside Housing Association Inc. Board Member of the Westside Housing Association Inc. Risk Committee
Qualifications Graduate Diploma, Bachelor (Hons) and Masters of Marketing Graduate Member Australian Institute of Company Directors (GAICD)
Experience Miranda has held leadership roles in high profile not-for-profit organisations across arts, education and charities and has extensive experience in marketing, communications, fundraising, sponsorship and stakeholder relations. She is a Churchill Fellow and a Graduate Member of the Australian Institute of Company Directors (GAICD).
Chris Marshall
Chair of Westside Housing Association Inc. Finance and Audit Committee Member of the Westside Housing Association Inc. Risk Committee
Qualifications Bachelor of Business (Accounting) Fellow of Chartered Accountants of Australia and New Zealand
Experience Partner of Business Services at Accru Harris Orchard. Former Treasurer of Service to Youth Council and Onkaparinga Swimming Club.
Farewell Peter FisherPeter retired from the Westside Housing Association Inc. Board after serving the last nine years in the role of Chair. Under Peter’s leadership, Westside Housing Association Inc. successfully established itself as a stand-alone not-for-profit and registered as a Tier 2 Community Housing Provider in 2014. Having spent the previous 30 years under the former parent company, an independent Westside Housing was able to grow, doubling its property portfolio, and developing its own identity and focus for those in need of housing in the Adelaide area.
1 March 2009 – 31 December 2018
Retiring Board MembersHalimah Valiyff
Halimah was on the Board from 1 March 2018 – 11 December 2018
Our Board members
Westside Housing Association Inc.
Annual Report 2019
Russell Good
Member of the Westside Housing Association Inc. Finance and Audit Committee
Qualifications Bachelor of Accounting Bachelor of Business (Marketing) Associate Diploma of Business Banking and Finance Diploma of Finance and Mortgage Broking Graduate Australian Institute of Company Directors (GIACD) Associate CPA Fellow of Financial Services Australia
Experience Russell has 39 years’ experience in banking and finance. in his last role he was responsible for corporate and institutional banking covering SA & NT and is now currently self-employed as Corporate Finance Consultant. He is Chair of a Fintech company and has served on several business, charitable and sporting boards over the past 12 years.
Janine Carroll
Qualifications Bachelor of Laws Bachelor of Business
Experience Janine has worked in the Northern Territory and South Australian jurisdictions, in private practice and in-house roles. She advises government, corporate and individual clients in relation to a variety of property and commercial matters including sales and acquisitions, leasing, due diligence, renewable energy projects, small and large developments, land subdivisions, compulsory land acquisitions and easements. Janine has a focus on commercial solutions for the minimisation and management of risk.
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Past Chairman and Treasurer of St Catherine’s School. Fellow of the Institute of Chartered Accountants. Registered Company Auditor and member of Royal Association of Justices. Justice of the Peace. Former Fellow at the Taxation Institute of Australia.
Philip John Lineton
Chair of the Westside Housing Association Inc. Risk Committee Member of the Westside Housing Association Inc. Development Committee
Qualifications Bachelor of Laws University of Queensland (LLB) Graduate Diploma in Legal Practice QT (GDLP) Master of Arts (Social Anthropology) University of Cambridge
Experience Legal Practitioner in Far North Queensland and Adelaide. Solicitor at Ruth Carter & Associates. Philip’s experience includes providing legal advice to not-for-profit organisations and family and succession law. Chair Roma Mitchell Community Legal Centre Inc. and a Committee member of Central Adelaide Branch Heart Support Australia Limited.
Ken Patterson
Chair of Westside Housing Association Inc. Development Committee
Qualifications Bachelor Planning Diploma Mechanical Engineering Registered Building Supervisor SA and NT
Experience Ken has a broad ranging suite of experience across town planning, property development, building and tourism. He is also a Director of Development at Australian Property Projects Pty Ltd. Housing Industry Association Member and Justice of the Peace.
Westside Housing Association Inc.10
Our stories
Frankie Frankie has lived with Westside Housing for almost six years. “When I got offered that house in September 2013 I was over the moon. At the time I was very, very unwell and spent the next two years being unwell. It was so good to have the security of knowing that I had somewhere permanent to live.”
“The functionality of the house is great for me, not too big, not too heavy on maintenance.” Having a two-bedroom home for Frankie is very important. Having three grown-up daughters and a supportive family, she needed somewhere for them to stay for extended periods while they supported her during her illness and recovery.
At Westside Housing, we believe in the positive impact of pets and animal companions on our customers – something Frankie benefits from – being able to have her two dogs and a park close by. She has a little garden to be in, work in and grow things. “Gardening is very therapeutic. The location is great for me, as I am a singer and the music scene on the west side is accessible.”
JohnJohn came to Westside Housing through the Hutt St Aspire Program. Within two short weeks he went from a ward at the Queen Elizabeth Hospital to a home and has been a happy customer ever since.
“Aspire and Westside have been great, have been supportive of my situation.”
John tells us that his life has improved dramatically since moving in ten months ago. He is “more confident in [his] day-to-day life”.
Westside Housing recently became a Client Service Provider of the No Interest Loan Scheme (NILS) through Good Shepherd Microfinance and John was our first customer. He hadn’t had his car serviced in five years and when it broke down he knew he needed some financial assistance to get it running so he could keep working. Using a NILS Loan to repair his car meant that he didn’t have to go and buy a new one, something which may have led to financial stress. The NILS repayments are manageable, so he is able to pay the loan off long-term.
Annual Report 2019 11
VictoriaVictoria is a past member of one of the co-operatives that have recently joined Westside. She was previously a member of PEACH Housing Co-operative Inc. for 28 years. “Secure housing and income-based rent have had an incredible effect on my life – we have all had a better life because of the co-op.”
Having secure and cheap housing meant that when she became a student she could manage attending university: “I ended up with different employment and could get a better wage”.
Moving to Westside Housing has been a relief for Victoria and while she is sad that the co-op sector is in demise, she is pleased that she is no longer responsible for so much committee work. “Now I am a pensioner with Westside I can survive, and I am looking forward to more outings like the recent Westside Tenants Advisory Group visit to Sophie’s Patch and to have the time to participate in events rather than organise them. Life is good.”
Jamie, Brian and familyJamie and Brian have been with Westside Housing for close to a year now. Having moved from Queensland to be closer to family, they have really found their stride since moving into an older and more established suburb in Adelaide’s north.
Brian grew up in Adelaide, and from the young age of 15 became a ‘street kid’ to escape from a damaging home environment. Although he has been at risk of housing insecurity for much of his teens and 20s, Brian feels fortunate to have been “…free to move around, grow and learn about myself”. He met Jamie in Alice Springs in what they describe as a ‘bit of a love story’, meeting by chance after taking a drive around the town on his first day.
Now living back in Adelaide with family close by and an ever-increasing network of new friends, Jamie, Brian and their four children are setting down roots. The family is jazzing up their 1970s house, making it more homely and suitable for a growing family by planting a front garden for privacy and cleaning up the backyard for a play space.
Westside Housing Association Inc.12
Opening doors to home ownershipA mother and daughter had lived with Westside Housing for 13 years and found their home to be a haven. This year they made the leap into home ownership, falling in love with their new home at first sight. They never thought they would own their own home and have been amazed that it had become possible.
Part of Westside Housing’s mission is to reduce homelessness and improve social outcomes. We are a business that lives by our mission and values and the data below shows just how we do this.
Reducing homelessness
6,220 South Australians were experiencing homelessness in 20181
Social housing – for people with very low incomes
88% of households moving into one of our social housing rental homes were either experiencing homelessness or were at imminent risk of homelessness.
Affordable housing – for people with low to moderate incomes
80% of people moving into one of our affordable rental homes were veterans who were experiencing homelessness or were at imminent risk of homelessness.
1. Law and Justice Foundation. Homelessness in South Australia: Key facts. http://www.lawfoundation.net.au/ljf/site/templates/resources/$file/Homelessness_SA.pdf. 2018.
Our impact
Improving social outcomes This year 61 households exited from their Westside Housing home.
Unknown
9
%
Other
5
Living with family/ friends
6
12 Internal transfer
1 APY Lands
3 Residential Aged Care
5 Deceased
9 Private Rental
Home Ownership
2
Housing SA, long-term
7
Other Community
Housing Provider
(long-term)
2
Annual tenancy
exits
Annual Report 2019 13
23
28
30
18
%
Number of people housedGender of head tenant
Our community
Female
67%Male
33%Adults
649Children
272
South America 0.5%
Central America
6.8%
Eastern Europe 7.5%Europe 2%
England 5%
Africa 10.7%
Middle East 0.7%
Asia 2.7%
Australia 63.4%9.26% of those born in Australia identify
as Aboriginal or Torres Strait Islander
New Zealand 0.7%
County of origin of head tenant
Age of head tenant
1
55–69
21 or under
41–54
22–40
70 or over
Couple
10%Family
22%
Single person
47%
Family (single parent)
20%Group
(unrelated adults)
1%
Household types
Tenant incomeAverage weekly income is $688.39 42.13% of average Australian wage.
Westside Housing Association Inc.14
With such a significant change in our community housing sector we wanted to capture the history, the knowledge and the expertise before it was lost.
In January 2019 we embarked on a project to capture and share the stories of people who experienced life in a former housing co-operative. At the height of the co-op movement there were 131 housing co-operatives. Now there are only 12 independent co-ops left in South Australia.
“Housing security attracted me but it was also control of who was in the co-op, getting maintenance done, [and] equity.” Helen, formerly ROOH (Roof Over Our Heads Housing Co-operative Inc.)
Westside Housing is fortunate to have the members of 18 former volunteer-managed co-operative housing organisations under its banner.
Since 2015, when community housing regulations changed around Australia, the operational environment for small Tier 3 organisations has been difficult and most have chosen to transfer their homes to organisations like Westside Housing.
Former co-operatives are a large part of our current success and community, and former members contribute to successful tenant engagement and community connection projects.
Co-operative housing
The housing co-ops’ popularity stemmed from a number of factors: cheap housing; community and social inclusion; a desire for self-determination and control of housing and lifestyle.
Annual Report 2019 15
We aim to digitise the material and make it publicly accessible as a celebration and record of the co-operative movement.
Welcome to members of PEACHThis year Westside Housing received four homes from the former PEACH Housing Co-operative. PEACH supported its tenants to get ahead in life. Not only was safe and secure housing a leg-up, but the skills and education gained helped too. Training was compulsory; buddy systems were employed for new tenants to learn roles; and people were upskilled to ensure the co-operative was managed effectively.
Many formed out of a special interest or special needs, including single parents, gay men, creative communities and sustainability principles. Westside Housing has many such former co-operatives within its fold. Former members of PEACH Housing Co-operative Inc., House One, Community Housing in Adelaide Inc. (CHINA), Women of Independent Status and Expression Housing Cooperative Inc. (W.I.S.E.) and Roof Over Our Heads (ROOH) are included in this project.
“It helped a great deal meeting with other single parents in our situation.” Roz, former member of CHINA.
Housing co-operatives did a really good job of housing and supporting women in a tough situation.
“Having secure and cheap housing meant I could go to university… I wouldn’t have been able to otherwise.” Victoria, former member of PEACH Housing Co-operative Inc.
Since starting the project in early 2019, volunteer Michelle has so far collected the history of seven different co-operatives from member individuals. Working closely with the Oral History Library of SA, she has added these interviews to their records and supported them to grow contemporary subject matter.
“…I am sad we are no longer a co-op but I am also relieved…”
“It’s like a business – [you] have to run it properly… The co-op sector is in demise and it’s sad because it was such a fantastic idea.” Roz, former member of PEACH Housing Cooperative Inc.
Westside Housing Association Inc.16
We consider our customers to be experts in their home and community. We listen to what they have to say, developing projects and programs that work for their interests.
Tenant Advisory Group 3 meetings, 32 participants
Sophie’s Patch15 participants
Monthly maintenance meetings21 customer meetings
eNewsletter Regular use of email has increased 10% to 64% from 2016 to 2018
Grow Free Cart
Tool Library19 members, 21 tools, 26 hires
Kids Take Part32 participants 50% are participating for the first time
NILS4 successful loans
Green Thumb GrantParticipants are proud of their gardens and more connected to community
Our initiatives
Volunteer input increased this year 5 volunteers (60% customers, 40% external community members)
Volunteer hours: 1035
Value to Westside: $43,180.20*
* based upon Australian Bureau of Statistics figures at $41.72 per hour
Annual Report 2019 17
NILS.COM.AUTo find your nearest NILS provider visit:
*Loans are not for cash or bills. Repayments are set up at an affordable amount over 12 – 18 months.
Your local provider:
Loan amounts are up to $1,500 for essential goods and services such as:
Household items such as
furniture, fridges, washing
machines, stoves, dryers,
freezers and heaters
Medical and dental services
Educational essentials such as
laptops, tablets and text books
Car repairs, tyres and registration
NEED A SMALL LOAN?
NO FEESNO INTERESTNO CHARGES
Westside Housing Association Inc.18
Two families currently living next door to each other are moving together and are excited about still being neighbours, but in a brand new home.
This year has seen an escalation in our development program with an immediate focus on the renewal or replacement of homes in Ingle Farm, Parafield Gardens and Taperoo and Stage 2 focusing on Kilburn, Enfield and Blair Athol.
Social housing nearing completionStage 1 consists of five new homes across two sites at Ingle Farm and Parafield Gardens with completion scheduled for September 2019.
These new homes are being built for current Westside Housing customers whose homes are scheduled for Stage 2 or 3 of our redevelopment schedule.
Our new homes
Our current project pipeline is worth $12m.
Annual Report 2019 19
Acquisition of social housing in TaperooThis year we acquired a site containing four new two-bedroom homes in Taperoo from the SA Housing Authority.
We have successfully used these new homes to move customers from homes that were too large for them to manage and were maintenance liabilities for Westside. We have created a small community at Taperoo with our partners at RSL Care SA and the Hutt St Centre’s Aspire program.
Social housing about to commenceStage 2 includes a redevelopment project to construct nine new homes across two sites at Enfield and Blair Athol. With 80% of new homes being either one bedroom or two bedroom, this project will feature innovative technology and design to reduce electricity bills and improve liveability.
Affordable housing about to commenceThe final project in Stage 2 consists of ten new homes in Kilburn. This project has planning approval and is scheduled to commence late-2019.
Above left: Parafield Gardens demolition.Left: Parafield Gardens homes at lock-up stage.Above: Redevelopment plans for Florence Avenue.Below: Redevelopment plans for Prospect Road.
Westside Housing Association Inc.20
Port Adelaide Enfield
Playford
Salisbury
Marion
Charles Sturt
Tea Tree Gully
Prospect
Adelaide
West Torrens
Unley
Mitcham
Onkaparinga
Norwood
Onkaparinga (Aldinga)
Mount Barker/ Adelaide Hills
Gawler
Our homes
# Bedrooms 179211
24 31445 homes in
total4
bed1
bed
3 bed
2 bed
Annual Report 2019 21
Statement of profit and lossand other comprehensive income for the year ended 30 June 2019
2019 $
2018 $
Revenue
Rent (SACHA funded assets) 3,973,254 3,743,636
Rent (other properties) 682,320 617,059
Interest received 28,792 50,035
Other receipts 14,065 26,822
Other income
Acquisition of Housing Co-operatives 29,855 144,409
Gain on sale of properties 125,868 –
Net gain on revaluation of properties 3,930,457 –
Total revenue and other income 8,784,612 4,581,961
Expenses
Administration expenses 464,722 509,934
Staffing costs 1,281,298 1,139,524
Capital contribution payable to Renewal SA 1,246,351 1,214,990
Maintenance expense – SACHA funded assets 621,822 641,561
Maintenance expense – other properties 190,833 53,194
Depreciation 28,221 28,536
Amortisation 9,316 8,834
Insurance 191,576 112,165
Rates and taxes 390,798 415,342
Other property expenses 35,103 32,356
Provision for doubtful debts 53,942 13,378
Interest paid on loan 3,143 3,135
Total expenses 4,517,127 4,172,949
Net operating surplus before contributed assets 4,267,485 409,012
Contributed assets
Properties from Hindmarsh Diamond Jubilee Cottage – 3,500,000
Properties from South Australian Government (339,000) 6,505,000
Net operating surplus 3,928,485 10,414,012
Other comprehensive income – –
Total comprehensive income for the year 3,928,485 10,414,012
Westside Housing Association Inc.22
Statement of financial position
2019 $
2018 $
Assets
Current assets
Cash and cash equivalents 1,472,556 1,695,891
Investments 511,265 511,265
Trade and other receivables 107,113 61,519
GST receivable 69,797 58,761
Asset held for sale 700,000 665,409
Other current assets 168,893 125,030
Total current assets 3,029,624 3,117,874
Non current assets
Properties 129,559,230 125,427,410
Plant and equipment 70,140 93,607
Intangible assets 5,643 11,850
Total non current assets 129,635,013 125,532,867
Total assets 132,664,637 128,650,741
Liabilities
Current liabilities
Accounts payable and other payables 589,647 524,739
Other current liabilities 84,743 71,363
Grants in advance 8,401 6,852
Employee provisions 76,686 65,249
Bank loans 11,532 20,792
Total current liabilities 771,008 688,995
Non current liabilities
Employee provisions 32,389 17,458
Bank loans – 11,532
Total non current liabilities 32,389 28,990
Total liabilities 803,397 717,985
Net assets 131,861,240 127,932,756
Equity
Accumulated surplus 22,320,240 18,052,755
Restricted investment properties reserve 109,541,000 109,880,000
Total equity 131,861,240 127,932,755
for the year ended 30 June 2019
Annual Report 2019 23
Statement of cash flows
2019 $
2018 $
Cash flows from operating activities
Rent 4,649,276 4,361,250
Interest received 30,665 51,916
Acquisition of housing co-operatives 616 144,409
Other income 15,614 23,263
Fixed payments (1,244,070) (1,197,808)
Suppliers and employees (3,194,396) (2,967,457)
Interest expense paid (3,143) (3,135)
Net cash provided by operating activities 254,561 412,437
Cash flows from investing activities
Investments – 500,000
Payment for the purchase of fixed assets (457,104) (810,948)
Net cash provided by investing activities (457,104) (310,948)
Cash flows from financing activities
Repayment of Homestart Finance loan (102) –
Repayment of motor vehicle loans (20,690) (20,691)
Net cash provided by financing activities (20,792) (20,691)
Net increase/(decrease) in cash (223,335) 80,798
Cash and cash equivalents, beginning of year 1,695,891 1,615,093
Cash and cash equivalents, end of year 1,472,556 1,695,891
for the year ended 30 June 2019
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478 Port Road West Hindmarsh SA 5007 (08) 8155 6070 | wha.org.au
Newstart isn’t working. Westside supports the ACOSS campaign to ‘Raise the Rate’.
There has been no increase in real terms to Newstart in 25 years, leaving people to struggle to get by on $40 per day – that equates to less than $15,000 per year.
