2021 Annual Report

Aaron Darden

Few things in recent memory have revealed our capacity to transform like the COVID-19 pandemic has.

Homes across America transformed into workspaces. Parents transformed into teachers. Brick and mortar operations transformed to completely digital enterprises.

Through it all, our work of transforming lives and communities hasn’t just continued, it has increased and elevated to meet the needs of our residents, our team members and our community.

At the heart of the information below is our commitment to creating a better Tulsa, which can’t happen without a transformative vision for what our city can be. You need only to visit our River West community, a historic investment in affordable housing, to see the impact this vision can have. With the support of our incredible partners, we’ve been able to change the physical landscape as well as the landscape of opportunity for our residents.

While we celebrate all we were able to accomplish in 2021, we know this is only the beginning. We hope you will share our vision for a better Tulsa and will join us in the transformation.

Rick Neal

Like our community, state, nation and the rest of the world, there was no shortage of challenges for the Tulsa Housing Authority in 2021. This annual report reflects the abundance of resolve and professionalism exhibited by Team THA in meeting those challenges.

Over the last few years we have transformed our organization and shifted our goals and strategies to best meet the needs of our community. This has been accomplished through the development of mixed-income communities, which strengthens Tulsa by creating diverse and vibrant neighborhoods.

We’ve made much needed improvements to our communities through the Rental Assistance Demonstration (RAD) program and we’re continuing that work in 2022, creating a healthy and safe environment for our residents to live. In collaboration with our community partners, who share our commitment to helping our residents and community thrive, we will continue our efforts to meet the affordable housing needs in Tulsa.

On behalf of the THA Board of Commissioners, we are proud to share what our team was able to achieve in 2021.There will continue to be challenges going forward, but one thing will remain the same – our commitment to creating a better Tulsa by transforming lives and communities.

Creating a better Tulsa...

Affordable Housing Programs

0

Public Housing applicants selected

0

Project-Based Rental Assistance (PBRA) participants selected

0

New move ins

0

Residents assisted by THA staff in applying for Emergency Rental Assistance Program (ERAP) applications

0

Work orders completed across THA portfolio

Rental Assistance Programs

0

Public Housing applicants selected

0

Project-Based Rental Assistance (PBRA) participants selected

0

total vouchers issued

  • 1,601 Housing Choice Vouchers
  • 545 Rental Assistance Demonstration (RAD) Project-Based Vouchers
  • 228 Tenant Protection Vouchers
  • 49 Emergency Housing Vouchers
  • 50.9% of eligible applicants received a voucher
0

new vouchers received by THA

  • 35 Veterans Assisted Supportive Housing(VASH) Vouchers
  • 53 Emergency Housing Vouchers
  • 91 Tenant Protection Vouchers
0

units of HQS inspections and repairs to THA properties by THA Maintenance department

Landlord Outreach

0

New landlords added to THA voucher programs

$ 0

In landlord incentive bonuses distributed

$ 0

In security deposit assistance distributed

$ 0

In landlord retention bonuses distributed

Team THA

0 %

THA employee COVID-19 vaccination rate

0

Nonprofit organizations supported by Tulsa Housing Authority employee volunteers

$ 0

Contributed to Tulsa Area United Way

by transforming lives...

Family Self-Sufficiency Program

0

Family Self-Sufficiency graduates earned

$ 0

in escrow

Building Our Tomorrow Microgrants

0

participants selected for inaugural Building Our Tomorrow Microgrant program

0

participates selected to receive

$ 0

toward their businesses

River West

0 %

increase in average annual household income for residents since 2019

0 %

decrease in unemployment rate among residents since 2018

0 %

increase in number of residents actively engaged in workforce training since 2019

0 %

decrease in households stating they don’t have sufficient income to support basic needs

Resident Support

0

tons of food distributed to THA residents

0

COVID-19 vaccination clinics hosted at THA properties

0 +

community events and programs hosted at THA properties

...and communities

0

closed real estate transactions

$ 0 m
0

new units added to THA portfolio

Completed the acquisition of Country Club Gardens, adding 353 units to THA’s portfolio

Completed construction and 100% lease-up of 74 units in River West Phase I, the first of six phases in the historic Choice Neighborhoods development 

  • Construction cost = $14.2m
  • Total project cost = $18.9m

Completed construction and stabilization of THA’s first two Rental Assistance Demonstration (RAD) rehabilitation conversions, investing a combined

$ 0 m

into Sandy Park and Apache Manor in North Tulsa

Completed 158-unit remodel at Sandy Park 

  • Construction cost = $11.5m
  • Total project cost = $23.6m

Completed 160-unit remodel at Apache Manor

  • Construction cost = $11.9m
  • Total project cost = $24.4m

Around THA

0

helpdesk tickets completed by THA IT department

0

units of HQS inspections and repairs to THA properties by THA Maintenance department

0

new hires added to Team THA by HR department

Click below to view our finacials

Revenues, Contributions, Expenses and Change in Net Position

for the year ended December 31, 2021

REVENUES AND CONTRIBUTIONS
Total Expenses63,386,058
Change in Net Position13448626
Total Net Position at Beginning of Year75,516,253
Total Net Position at End of Year88,964,879
EXPENSES
Housing Operations and Administration 11,443,689
Tenant Services 463,076
Utilities 3,772,108
Maintenance 9,689,113
Housing Assistance Payments 28,806,007
Protective Services 897,621
Interest Expense 321,076
Insurance Premiums 1,221,476
Depreciation and Amortization 5,829,825
Other 942,067
Total Expenses63,386,058
Change in Net Position13448626
Total Net Position at Beginning of Year75,516,253
Total Net Position at End of Year88,964,879

Statement of Net Position

for the year ended December 31, 2021

ASSETS AND DEFERRED OUTFLOWS
Cash equivalents and Investments 21,429,076
Accounts Receivable 5,924,052
Inventory and Prepaid Items 187,426
Restricted Investments 2,407,652
Assets Held for Sale 130,000
Other 5,487,215
Captial Assets, Net of Depreciation 53,399,458
Total Assets 88,964,879
LIABILITIES
Accrued Liabilities 4,762,183
Security Deposits 328,076
Unearned Revenue 124,676
Current Portion of Debt
Accrued Compensated Absences
1,532,117
Long Term Debt
Total Liabilities and Deferred Inflows of Resources
6,747,052
NET ASSETS
Total Net Position 88,964,879

Tulsa Housing Authority
415 E. Independence Street
Tulsa, OK 74106

918.582.0021

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