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Family Resource Center reduced lease rates at 18 health and human services organizations providing services from the Eastside’s human services campus by 15%.
Lease rates were dropped from $11.37/square foot to $9.66/square foot for most of the Center’s leased spaces.
These reductions come as a result of the cash donations made to the Center’s Fulfilling Our Vision capital campaign, which are used to pay the Center’s mortgage. They are also the result a unique amortization schedule
designed with US Bank and Washington Health Care Facilities Authority in 2003 that allows the Center to share the benefits of the campaign with agencies before completing the mortgage pay-off.
For the two largest of the Center’s agencies, this will amount to significant savings:
Hopelink will save more than $16,000 per year while Community Health Centers of King County will retain more than $12,000. For one of the Center’s smaller programs, such as disAbility Resource Network at 600 square feet, the savings will amount to just over $1,000/year. Even those leasing the smallest of spaces will benefit: Child Care Resources (100 square feet) will pay $419 less in 2005.
The impact of this pay-down is that the Center is able to reduce or eliminate payments on the mortgage and pass those benefits to the 18 health, housing and human services organizations that share the Eastside’s human services
campus. Those retained dollars are then available to support the cost of providing services.
More than 35,000 people from throughout the Eastside use services at the Family Resource Center, half of them children.
The need for long-term sustainable and predictable funding remains the number one issue for health and human services organizations. The financial stresses on agencies continue to mount.
The response from agency leaders to the lease cost reduction is one of great appreciation. Many agencies have told us in the past they would not be able to serve the Eastside if not for Family Resource Center. Including
pledges, the Center has raised $780,000 to date. The mortgage balance has dropped from $1.5 million to $750,000 as a result of the effort.
The campaign will continue in a new annual fund phase in order to match this amount and complete the campaign. Capital Campaign Chair Karen Bates noted,
“We continue to seek donations both large and small. We continue to offer the purchase of inscribed bricks for the courtyard. The need for sustainable funding for health and human services continues, and we remain committed to this effort.”
We've begun "Fulfilling Our Vision" thanks to you! (Donations listed through December 15, 2004)
$150,000 - $200,000 Bill & Melinda Gates Foundation The Paul G. Allen Charitable Foundation
$50,000 - $75,000 Medina Foundation Family Resource Center agencies
$25,000 - $49,999
Microsoft The Seattle Foundation Norcliffe Foundation DV & Ida McEachern Trust Harvest Foundation
$20,000 - $24,999 FRC Board of Directors & staff: John Spangenberg, Pat Vache,
Janice LeRoy, Elizabeth Marx, Rich Baker, Jeannette Bliss, W.J. (Bill) Finnegan, Pat Hamman, Bruce Henderson, Holly Plackett, Dave Ramsay, Patti Skelton- McGougan, Tom Trompeter, Pam
Mauk & Mark Cross, Larry Lium, and also these past Directors: Howard & Deborah Finck Scott LaChute Doreen Marchione Dan Krah Ticon, Inc. (In-kind) The Foster Foundation
$15,000 - $19,999
Joshua Green Foundation Puget Sound Energy
$10,000 - $14,000 City of Kirkland City of Redmond City of Bellevue City of Issaquah City of Sammamish
$5,000 - $9,999
Judy Pigott US Bank Washington Mutual Holt Family Advised Fund of The Seattle Foundation Kongsgaard-Goldman Foundation
$2,500 - $4,999 Nintendo
$1,000 - $2,499 Charter Bank
Safeco/Roger Harbin R.O.S.E. Barbara de Michele in tribute to JoAnne Jennifer de Michele McEachern Family Foundation Creekside Covenant Church Timberlake Christian Fellowship Redmond National Bank
St. Jude Parish Fred Meyer Foundation Anonymous
$500 - $999 Olympian Precast Tenhulzen Corporation Clark Nuber The City Church Shelley & Robert Flores Karen & Lee Bates
Rob Forenza Redmond Medical Center Judy & Henry Klein Keith and Nancy Brooks
$250 - $499 Bob & Shirley Ferguson Verizon Kurt & Marie Geisel Church of the Resurrection
Douglas K. Wyatt Redmond General Insurance Fred Shanafelt Watson Asphalt & Paving, Inc.
$100 - $249 Alex Laskos Redmond Town Center Nancy Ashley Rev. John Shaw Joan McBride
Judy Herrmann Randy & Diane Mertens Ed Mills & Irene Pasternak Bellevue Sunrisers Kiwanis AEA Accounting & Management Ray Borga Gerri Douglass Matt & Nancy Bernard Kim McDermott
Steve Engstrom Gwendolyn Walsh Gretchen Brown Gordon Christey George M. Tronsue III Rev. Mark G. Webster Richard Taylor Meredith Muller Will & Gloria Breuninger Moshe & Bunny Alexandroni
Rodney & Margaret Johnson Richard & Sue Wuhrman in honor of NAMI Eastside Charles F. Caldwell in memory of Eula Mae Caldwell Bonnie McEachern in memory of Bob & Margaret McEachern
Tom & Janet Cathcart Fritz & Marion Mauk Cheryl Kuhn Richard Cole Kristin Pitt Amtest Laboratories staff Samantha Smith PTSA 2.8.57 McDonald's Book Exchange Janet Carter
Guy & Shannon Vieira in memory of Patrick J. O'Reilly Patsy Kano American Engineering Corp. Marymoor Press, Inc. Howard L. Kuhl, MD in memory of Karen Lee Kuhl Autosys, Inc. Daphne Schneider
Jeff Cobb Geotech Consultants Inc. Prototron Circuits, Inc. Overlake Christian Church Student Ministries Tom & Jackie Pendergrass Evergreen Speech & Hearing Magnuson Lowell P.S. Vicky Nolette
Franciso & Susan Grijalva The Overake School Mike & Sue Rynas Barbara Leen Medtronic US Bank employee match Anonymous
up to $99 Pat Hebner Anne & Rex Allen Chris Heaton
Jack & Janet Barry Linda Hussey David & Glenna Johnson Ralph Gorin Brad Best Realty Jeffrey A. Forrey, OD Claim Jumper Restaurants Seattle Art Museum Jan & Jonathan Bromberg
Maureen Keirnes Henriet Schapelhouman Lynn Fleshman Nancy Lou Bauer Mary Martin Donna Minahan Sally Jo Holmes Lynne Ellis Ferrin Lauve Judy Jewell 15 anonymous donors
Thank you, Pat Hamman, City Chaplain Chuck Goodwin, City Chaplain for your volunteer support.
Thank you for new brick purchases in support of the campaign: Liz Marx Bill and Mickey Finnegan, for Karissa Willhite Brennan Willhite Makenna Willhite
Moira Finnegan
In memory of Nick Behrens from Paula Matthysse Troi Coram Marci Curtin Dalene Connor Ruth Mitsuda
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