Here are some highlights for Greenwich Communities:
High Performer
GC was named high performer for the eighth year in a row for the Section 8 Management Assessment Program.
Residents
GC provides housing for approximately 2,400 residents of this Town in safe, healthy apartments fully serviced by maintenance staff at affordable rents, which are regulated and established by State and Federal Authorities.
No Town Financial Support
The Town provides no financial support to GC; operations of GC are completely self-sufficient. The Town has leased two parcels of land, McKinney Terrace and Town Hall Annex, to GC, which is critical to our mission.
Financial Results
Most residences and programs operated with positive cash flow, and GC realized $2,160,844 of positive cash flow; that means revenue over excess of expenses except for depreciation.
Occupancy Rate
For residences owned and operated by GC occupancy was 99%; for Section 8 vouchers budgeted by HUD utilization rate was 98%.
Tenant Satisfaction
GC has sponsored annual back to school and block parties for the residents at most of our developments and administers a FSS (Family Self Sufficiency) Program in the Federal Developments.
Maintenance
Our Maintenance Department does a superb job and performs general maintenance at all of our facilities. 100% of emergency work orders are completed within 24 hours. Routine work orders are completed within 48 hours.
Safety
The safety of our residents is paramount. With the support of the Greenwich Police Department, diligent property management, and a law-abiding population, our residences have been free of serious crime. To that end, GC has installed a state of the art security system at Wilbur Peck Court, Agnes Morley Heights and Greenwich Close which are accessible by the Greenwich Police Department.
Capital Improvements
GC managed more than $1,145,009 of capital improvements at our residences, especially at Wilbur Peck Court, Armstrong Court, and Adams Garden.
Financial Statements:
2023 Greenwich Communities – Final Audit
2022 Parsonage Cottage Senior Residence LP – Final Audit
2022 Greenwich Communities – Final Audit
2021 PARSONAGE COTTAGE SENIOR RESIDENCES LP – Final Audit
2021 Greenwich Communities – Final Audit
2020 Parsonage Cottage Senior Residence LP – Final Audit
2020 HOUSING AUTHORITY OF THE TOWN OF GREENWICH FINAL AUDIT
2019 Parsonage Cottage Senior Residence LP
2019 Final FS 2019 Housing Authority of The Town of Greenwich