HouseMark, the performance consultant partly owned by the National Housing Federation, has trebled its turnover in the past year.
Turnover rose from £781,000 in 2002 to £2.007m in the year ended 31 December 2003 according to the NHF’s annual report, published last Thursday.
HouseMark chief executive Ross Fraser attributed the growth to the housing sector’s commitment to performance improvement.
He said: “Our membership is up to 435 housing organisations and our subscription renewal rate is more than 99%. This success is down to associations’ interest in performance improvement, which we’re here to help.”
Overall, the NHF recorded a slight drop in turnover from £12.37m to £12.29m. However, its asset base rose with the acquisition of a new £13.7m headquarters in London. Its assets are now worth £16.16m.
A federation spokesman said the move to the larger building also meant the organisation would have a new source of revenue by hiring out the venue’s conference facilities. “This will enable us to expand and develop the services we offer members,” he said.
The federation recorded a slight drop in the annual revenue it generates through membership fees - £5,422,000 compared to last year’s £5,524,000.
According to the spokesman this was down to the slashing of the 15% levy charged on last year’s membership to establish the federation’s In Business for Neighbourhoods programme, which is now run out of the its core budget.
Source
Housing Today
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