Irene Dashiell, RCSW
Chairperson
Anne Pavlak
Vice Chairperson
Frank Krotschinsky, Esq.
Secretary
Kevin Hyms
Treasurer
James Bahamonde, Esq.
Member
Theresa D'Amico
Member
Maria Telesca
Member
Elissa Theilen
Member
Dear SILO Supporter:
Just over a year ago, I wrote the following: "After assessing our fiscal situation, we decided to take drastic steps to keep this agency in operation and improve its overall condition so that it could thrive... We start [fiscal 07] with a much more positive outlook. We are facing some major changes ahead, all of them for the better. We look forward to providing you with a very different, very successful picture of SILO at the next annual meeting."
SILO is very glad to report that we have met our challenges and accomplished this goal. Through a VESID grant increase and applying for other special legislative grants, we were able to increase our revenue by almost $55,000. Concurrently, we were able to cut over $61,000 from our administrative and fundraising expenses. As seen below, we have increased program expenditures by 12%, cutting administrative expenses by 9%, and increased our net assets.
| 2006 | 2007 | +/- | |
| Total Support and Revenue | 639,444 | 694,382 | 54,938 |
| Total Expenses | 611,368 | 659,846 | 48,478 |
| Program Expenses | 305,172 | 414,915 | 109,743 |
| Administrative Expenses | 210,667 | 165,864 | (44,803) |
| Fundraising Expenses | 95,529 | 79,067 | (16,462) |
| Year End Net Asset Balance | (8,845) | 25,691 | 34,536 |
Some exciting changes came along with our financial growth. We now occupy a new space in Coram with plenty of space not only for our staff and volunteers, but room for conferences, workshops, and other gatherings. We have stepped up our efforts in community outreach, and brought school groups into our office. We were able to launch Club SILO, a monthly meeting night for the disability community, and sponsor movie nights featuring disability related films. Our new space and asset increase put us in good shape to begin ramping up for a new program. This year, SILO becomes a Regional Resource Development Center for the Nursing Home Transition & Diversion waiver.
Fiscal Year 2007 began a period of growth for SILO. We have increased our security, and thereby our services to the community. We look forward to the expanded opportunities for outreach and support in Fiscal 2008.
Best regards,
R. Gideon Tinn
Fiscal Office Manager