YOUthProvidence Network 2015 Annual Report

Dear friends,

This is a pivotal year for Providence Network. As we continue to own and operate 4 properties, we are following a call to serve more people by providing a new home for Denver’s street youth, ages 18-24.

Perhaps you heard the story of Natalie Carson from Denver who placed this Craigslist ad: “I am looking to rent a family that I can spend time with on my 19th birthday. I aged out of foster care and since I was never adopted, I don’t have a family to be with on my birthday or holidays.”

Unfortunately, Natalie is one of many young people in Denver who crave the love and support of a family. Having helped numerous people recover from addictions, abuse, and poverty, we’ve had the privilege of witnessing true life transformation occur through the nurturing support of our 24/7 live-in staff. The bonds they form are life-changing.

It is with those precious victories in our hearts that we embark upon our “Welcome Home” campaign to raise $4 million for two new homes. These funds will allow us to help young adults heal from a painful past and reach their God-given potential like our graduate, Spencer Nee.

With much gratitude for your prayers and support,

Derek Kuykendall Executive Director

WHAT we’re doing

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WHY we’re doing it

THE NEED

According to local service providers, nearly 1,000 homeless youth live on the streets in Denver on any given night.

THE MODEL

Providence Network’s holistic approach is more than just housing; it’s a home filled

with staff, counselors, and peers who provide encouragement, accountability,

and family relationships.

THE OUTCOME

Spencer’s journey of life transformation is just one example of how our model fosters healing. After graduating and starting his career as an E.R. nurse, Spencer completed a 4,000-mile bike ride from the Golden Gate Bridge to the Brooklyn Bridge to raise awareness and funds for our new youth home.

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Our new home will house 6 staff and 14 young adults where

they will experience safety, unconditional love, structure,

accountability, and counseling, as well as opportunities for education, job training, and

career development.

• Our two FirstStep homes, Providence House and Joy House, served 50 adults and 18 children

• 84% of residents achieved sobriety and employment during their first 3 months in the program, while 16% left due to program violations

• By the end of the year, 56% were working toward graduation, 14% had completed the 2-year program, and 30% left prematurelyIN

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4HOW we’re doing it

PHASE 1: RAISE $1.8M TO PURCHASE A “FIRSTSTEP”

TRANSITIONAL HOME

We are partnering with another local ministry, Dry Bones, who has been reaching out to Denver’s homeless youth for over 12 years. Dry Bone’s knowledge and relationships with this population make them a perfect source for referring their young friends to our program while continuing to mentor them along the way.

• Our two NextStep homes, Victory House and Clausen House, served 63 adults and 18 children

• 76% of adults were employed full-time, 18% were in school and employed, and 6% were on disability or social security

• NextStep rents represented 20% of all revenue, covered 100% of NextStep operations, and funded $95,000 of our FirstStep operations

PHASE 2: RAISE $2.2M TO BUILD A “NEXTSTEP” APARTMENT COMPLEX

Like our other NextStep homes, this community will provide FirstStep graduates and their children a safe, affordable, and substance-free environment where they can thrive.

Graduates of our FirstStep program are continuing to heal and just beginning to take off with their careers when they move into one of our NextStep communities. Living among staff mentors and other graduates contributes greatly to their stability and long-term success.

Expenses

Program Services = $1,134,369

Fundraising = $161,084

Administration = $88,378 82%

12%6%

Snapshot of Year Ended March 31, 2015

18 2779141215338475

Individuals = $475,347

Program Fees = $338,043

In-kind = $215,417

Foundations = $141,594

Corporations = $79,175

Churches = $26,956

Other = $18,033

Revenue

18 2779141215338475

THANKS TO YOU, WE SERVED 149 MEN, WOMEN & CHILDREN IN OUR FOUR HOMES LAST YEAR!

For a copy of our 2014/15 Audited Financial Statements, go to providencenetwork.org/meet/financials.

Providence Network has 501(c)3 status

• The average public cost of a homeless person in Denver = $43,000/year

• The cost to provide our healing FirstStep housing services = $10,000/year

YOU can help

“WELCOME HOME!” FOR MANY, IT’S A PHRASE THEY’VE HEARD A THOUSAND TIMES. FOR OTHERS, IT’S ONE

THEY’VE ONLY DREAMED OF.

TOGETHER we can turn a hopeless dream into a life-giving reality.

Donations can be made at providencenetwork.org/donate $250+ will qualify for a 25% State of Colorado tax credit

For a capital campaign packet, please contact Derek Kuykendall at derekkuykendall@providencenetwork.org

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THANK YOU for helping us with our mission:

To heal broken lives from the inside out through faith-based transformational

housing communities

For our history, list of board members, and other information, please visit providencenetwork.org