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Making A Difference in Peabody Foundation Inc. (MADIP)

 49 Lowell Street
 Peabody, MA 01960
[P] (978) 8546778
[F] (978) 8546711
www.madip.org
sfrasca@madip.org
Scott Frasca
INCORPORATED: 2002
 Printable Profile (Summary / Full)
EIN 01-0736916

LAST UPDATED: 04/28/2015
Organization DBA MADIP
Making a Difference
Making a Difference in Peabody
Making a Difference in Peabody Foundation
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

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Mission StatementMORE »

Provide one time emergency assistance to Peabody, MA residents in need of oil, heating gas, fire or flood relief, rent assistance, electricity, food, clothing, and housing items such as appliances and mattresses. Provide onsite education and resources to help low income residents and new businesses become economically self sufficient.

Mission Statement

Provide one time emergency assistance to Peabody, MA residents in need of oil, heating gas, fire or flood relief, rent assistance, electricity, food, clothing, and housing items such as appliances and mattresses. Provide onsite education and resources to help low income residents and new businesses become economically self sufficient.

FinancialsMORE »

Fiscal Year July 01, 2013 to June 30, 2014
Projected Income $80,000.00
Projected Expense $64,000.00

ProgramsMORE »

  • MADIP

Revenue vs. Expense ($000s)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Expense Breakdown 2011 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

Provide one time emergency assistance to Peabody, MA residents in need of oil, heating gas, fire or flood relief, rent assistance, electricity, food, clothing, and housing items such as appliances and mattresses. Provide onsite education and resources to help low income residents and new businesses become economically self sufficient.

Background Statement

Making A Difference In Peabody Foundation, Inc. is a 501(c)(3)organization founded in 2002 by Peabody businessman Scott Frasca. Mr. Frasca has led the organization since its inception and has a Masters degree in Nonprofit Management from Northeastern University and a Masters degree with a concentration in Nonprofit Management from Harvard University where he was the recipient of the Derek Bok Public Service Prize. The organization has been recognized for its community impact by the Peabody Chamber of Commerce, City of Peabody, Paul Newman Foundation, Peabody Weekly News, Peabody International Festival Committee, MA State House of Representatives, and Peabody Rotary Club. The Board of Directors consists of 9 reputable business and community leaders, 40 corporate sponsors, and more than 120 volunteers who have worked together in the community to help thousands of people in need and to make the organization sustainable. The organization's mission is to provide emergency assistance to low income Peabody residents in the form of food, clothing, energy, rent, and fire and flood aid. The organization recently expanded its scope of services to include workshops to educate and train those in poverty and to help new nonprofits and businesses grow and become sustainable. In addition to the need to provide more oil, food, etc.,we will invest in a welfare to work program, assist the unemployed or underemployed to find suitable employment, offer money management services, and provide necessary training to enhance their skills so they can be competitive in the marketplace and become economically self sufficient, with a goal of them no longer needing charitable or state and federal aid so that they can improve the quality of their life. We will also provide program services to new nonprofit and entrepreneurial organizations in order to help them start, grow, and become a sustainable organization, employing some of those that come right out of our training classes. Currently, there are 2,000 people in Peabody unemployed with many more underemployed.  There are 3,000 living below the poverty line.  The median income dropped below the state average and many people are struggling paycheck to paycheck. The population of Peabody is 51,000. In November and December of 2013, we assisted victims of six of the seven house fires that occurred.  There has been an increased demand for oil during the last few months, many of them with no oil or very little oil in their tank.  We continue to fulfill a growing need in the city for numerous human services and receive referrals from government agencies, nonprofits, and the general public since we are well known and established in the area.

Impact Statement

We purchased a hi-tech building that is 100 percent financed and renovated in order to support our growing need to fulfill and service the needs of our clients and donors and to increase our revenue streams in order to assist more people with emergency aid. 
 
We expanded our scope to include helping people become economically self sufficient by creating a welfare to work and money management program as well as partnering with Department of Workforce to utilize our office to help provide resources to the locally unemployed.
 
We reached our goal of distributing the largest percent of aid to clients in need of energy (oil, gas, electric) as per our strategic plan goals. 
 
We implemented new conflict of interest, whistleblower, sexual harassment, and orientation packages in order to operate at a high level of board governance.
 
Our goal in the new fiscal year is to double the amount of aid and services we provide to approx. $60,000. 
 
Our goal in the new fiscal year is to successfully implement our expanded scope of education and resources in order to help 300 people become economically self sufficient. These people are new businesses, unemployed, on welfare, or need help managing their money. We will implement onsite services to achieve this goal.
 
Our goal in the new fiscal year will be to provide human service needs such as oil, electricity, housing needs, food, etc. to more than 1200 people.
 
Our goal by the end of the new fiscal year is to have our office building fully rented and occupied in order to generate a profit over our operational expenses.
 
We will complete a revised strategic plan to reflect our new services and new revenue streams (office rent, conference room rentals, grantwriting, corporate sponsorship, fundraisers, and e-commerce store). 

Needs Statement

Financially, we need to support an increased need for five programs:
Energy Assistance(oil, gas electrcity),
Rent assistance,
Housing needs,
Food
Self Economic Development resources
 
For example, we deliver and pay for 100 gallons of oil to a person in need but we would have a greater impact by increasing it to 150-200 gallons.  The same is true for electricity where the amount owed of a client may be much more than the $300-$400 we currently provide per request.  There is an opportunity here to have a greater impact in all 5 areas of demand noted above. The City of Peabody has a population of 51,000 and 2,000 are unemployed, and 3,000 live below the poverty line. There is a huge market of low income children, families, individuals, and seniors who need assistance and can benefit from these services.  

CEO Statement

We fill a void where other organizations may leave off.  For example the Red Cross might provide housing or food to a fire victim but then the victim  may need additional resources for clothes, hotel, mattresses, food, etc.  We provide oil to people who are on federal fuel assistance program but have run out of funds, or people who are waiting for the program to start but need help now.  There are many people who are not on the federal program who suddenly become unemployed or face financial hardship due to medical issues or a home furnance that needed replacement.  We have outreach volunteers to schools who are contacted by teachers or guidance counselors when an emergency situation develops with a student. Guidance Counselors are the first to find out about many family financial needs and we have strong relationships with them to help fulfill our services. For 12 years, we have helped thousands of people with many of these basic needs. Now we can help these people become economically self sufficient who are unemployed, underemployed, on welfare, or need help managing their money. 

Board Chair Statement

I identified a need in Peabody more than 12 years ago of seniors, children, families, regular people who sometimes come into bad times and need that one oil delivery or one months rent. We helped a senior on fixed income by replacing a broken refrigerator on a hot summer day.  We are uniquely positioned to help someone like this and we are the first that a Senior housing representative would call.  I was at a cookout this past summer and introduced myself to someone and they said they knew who I was because my organization helped them with services after a fire several years ago.  Donors see this connection because the people we help live in their neighborhoods across the city.  Many of these donors have experienced financial hardship in their lifetime and they feel good helping and being associated with this organization.  Our major challenge for several years has been how do we grow substantially, how can we scale in order to help more people?  We have been having 3-4 fundraising events a year and then we have smaller corporate donations and our revenue was not growing substantially enough to be able to give more to those in need and not rely on the same contributors in order to grow. In order to help more people and raise more revenue, and so it was necessary to expand our scope and to increase our revenue streams.  The educational services we now offer help people become economically self sufficient and make us eligible for those types of grants in addition to human service grants.  We can tell donors that not only do we provide the oil but we now help them find a job.  The purchase of the building gives us the space to distribute these services and raise revenue to support more people. I had thought previously that board expansion was the solution since more people would show up at events but I was wrong.  New entrepreneurial ideas, new programs without changing who we are, and new grant opportunities is the solution.  We will provide 85 percent to human services and 15 percent to economin self improvement programs.

Geographic Area Served

In a specific U.S. city, cities, state(s) and/or region.
NORTHEAST REGION, MA
Essex County. Peabody, MA residents and organizations.

Organization Categories

  1. Human Services - Emergency Assistance (Food, Clothing, Cash)
  2. Education - Management & Technical Assistance
  3. -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

MADIP

Fuel and energy assistance, housing related needs, clothing, food, resources and education to help those that we assist to become finanacially independent.  
Budget  $50,000.00
Category  Human Services, General/Other Emergency Assistance
Population Served Poor,Economically Disadvantaged,Indigent Elderly and/or Disabled Unemployed, Underemployed, Dislocated
Program Short-Term Success 
There will be an immediate human service impact for those without heat, food, proper clothing, electricity, in need of temporary housing, etc. For those who we assist with economic resources, they will immediatly gain knowledge, information, and access to more resources to help them gain financial independence.
Program Long-Term Success 
We will provide resources and expert advice and program services to new businesses, nonprofit organizations, welfare recipients, unemployed, and other financially distressed individuals. This will ensure sustainability and economic self sufficiency and reduce those in need of federal or state assistance by 175 people a year.
Program Success Monitored By 
We will measure the amount of people we assist with fulfillment of human service needs which is a direct result of our outreach efforts.
 
Our partners such as the Dept. of Workforce and Metro Credit Union, will provide feedback on the amount of people they were able to assist and who are back to work, earning more wages, or who improved their money management skills. 
Examples of Program Success 
We provide a mother of 3 with oil for her home to stay warm.  She deos not want to be on welfare but she cannot afford to be trained on $8.00 an hour jobs which will mean less income to her family.  She is motivated to work, so we will find the resources to help her get trained or find a higher paid job or to start a new business and guide her along the process.  Her family benefits as a result and welfare is always there as a safety net to her so she risks little for big gains. 

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Mr. Scott Frasca
CEO Term Start July 2002
CEO Email sfrasca@madip.org
CEO Experience President since 2002 of Making a Difference. Master's degree in Nonprofit Management from Northeastern University, Masters Degree in General Management with Nonprofit Concentration from Harvard University. Four years as Vice President of Peabody Chamber of Commerce. Small business owner and entrepreneur for 15 years.
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
-- -- --

Awards

Award Awarding Organization Year
Citation of 12 1/2 years of community service MA State House of Representatives 2014
Citation by Mayor of 5 years of outstanding community service City of Peabody 2007
Community Service Award Peabody Chamber of Commerce/Peabody Weekly News 2005
USA Weekly, Annual Make a Difference Day USA Weekly 2004

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

--

CEO/Executive Director/Board Comments

We are registered by the Commonwealth of MA Office of Attorney General to solicit funds through November 2014.
 
All of our filings are complete and updated at the Secretary of State of Commonwealth of MA and the IRS.  
 
We have a comprehensive building and liability insurance policy in place and a Directors and Officers insurance coverage is under development.
 
A document destruction policy is also under development but strict procedures are in place to maintain privacy of our clients by utilizing locked file cabinets and locked office doors with security systems and alarms. All personal documents that need to be disposed of are shredded.

Foundation Comments

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Staff Information

Number of Full Time Staff 0
Number of Part Time Staff 0
Number of Volunteers 121
Number of Contract Staff 0
Staff Retention Rate % 100%

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 1
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 0
Male: 1
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 3
Management Succession Plan No
Business Continuity of Operations Plan No
Organization Policies And Procedures Under Development
Nondiscrimination Policy Under Development
Whistle Blower Policy Yes
Document Destruction Policy No
Directors and Officers Insurance Policy No
State Charitable Solicitations Permit Yes
State Registration Yes

Risk Management Provisions

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Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency N/A N/A
Non Management Formal Evaluation and Frequency N/A N/A

Governance


Board Chair Mr. Scott M. Frasca
Board Chair Company Affiliation None
Board Chair Term Dec 2012 - Dec 2014
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Gregory S Bunn MA Department of Workforce and Training Voting
SCOTT M. FRASCA None Voting
Kerrie Hartigan Metro Credit Union Voting
Don McAllister WH Burke Voting
William Power Retired Voting
Dr. Michael Sobus Next Level Business Development Voting
MARK VAINAS Pilgrim Insurance Voting

Constituent Board Members

Name Company Affiliations Status
Christopher Feazel Fuel Manager and liaison NonVoting
Michael Murray Volunteer Electricity Manager and lIaison NonVoting

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
Maryann Pierce Advisor on public benefits for senior citizens NonVoting

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 9
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 1
Male: 6
Not Specified 0

Board Information

Board Term Lengths --
Board Term Limits --
Board Meeting Attendance % 75%
Written Board Selection Criteria Yes
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 100%
Constituency Includes Client Representation No

Standing Committees

  • Community Outreach / Community Relations
  • Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
  • Program / Program Planning
  • Strategic Planning / Strategic Direction

CEO/Executive Director/Board Comments

MADIP has overcome labor challenges without paid staff and made much progress in its governance standards by creating a whistleblower policy, conflict of interest policy, gifts policy, orientation packages for new board members, board assessments, sexual harrassment policy, surveys to board and donors, created a strategic plan, and increased transparency by posting on website recent accomplishments and how aid has been distributed, government documents such as IRS tax returns and determination letters and certificate to solicit from the Attorney General. This has been done during a time when much time sacrifices were made on a volunteer basis.  Despite these accomplishments in this area, new revenue streams are needed to grow and a new building was purchased to help with our expansion of increased demand of human services such as oil, food, electricity, etc., and increased scope of services(providing resources to unemployed, creating a welfare to work program, a money management program, and helping new business start, grow and become sustainable toward a goal of economic self sufficiency).  This requires a paid position in order to oversee the building and all the programs, apply for grants, reach out to donors, run fundraising events, public relations, respond to client needs, and lead the organization to ensure its sustainability. The new building and full time committment and paid position help ensure the success of our plans to grow the organization substantially by increasing our revenue streams which include office rent, conference room rentals for business meetings, e-commerce store added to our website, grantwriting, increased effort on developing corporate sponsorship, annual fundraiser, and an innovation center that allows accees to the building at redeuced costs to new entrepreneurs.

Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Expense Breakdown 2011 (%)

Fiscal Year July 01, 2013 to June 30, 2014
Projected Income $80,000.00
Projected Expense $64,000.00
Form 990s

2013 Form 990

2012 Form 990

2011 Form 990

Audit Documents

2013 Reviewed Financials

2012 Reviewed Financials

2011 Reviewed Financials

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2013 2012 2011
Total Revenue $44,682 $33,755 $28,241
Total Expenses $45,563 $35,121 $33,856

Prior Three Years Revenue Sources

Fiscal Year 2013 2012 2011
Foundation and
Corporation Contributions
$0 $0 $0
Government Contributions $0 $0 $0
    Federal $0 $0 $0
    State $0 $0 $0
    Local $0 $0 $0
    Unspecified $0 $0 $0
Individual Contributions $31,373 $25,279 $18,599
Indirect Public Support $0 $0 $0
Earned Revenue $0 $0 $0
Investment Income, Net of Losses $1 $3 $7
Membership Dues $0 $0 $0
Special Events $0 $0 $0
Revenue In-Kind $13,308 $8,472 $9,635
Other $0 $0 $0

Prior Three Years Expense Allocations

Fiscal Year 2013 2012 2011
Program Expense $26,175 $18,936 $22,111
Administration Expense $17,489 $11,391 $9,413
Fundraising Expense $1,899 $4,794 $2,332
Payments to Affiliates $0 $0 $0
Total Revenue/Total Expenses 0.98 0.96 0.83
Program Expense/Total Expenses 57% 54% 65%
Fundraising Expense/Contributed Revenue 6% 19% 13%

Prior Three Years Assets and Liabilities

Fiscal Year 2013 2012 2011
Total Assets $1,695 $2,145 $3,898
Current Assets $1,635 $2,044 $3,898
Long-Term Liabilities $0 $0 $0
Current Liabilities $1,466 $1,035 $1,421
Total Net Assets $229 $1,110 $2,477

Prior Three Years Top Three Funding Sources

Fiscal Year 2013 2012 2011
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy --
Percentage(If selected) --
Credit Line No
Reserve Fund No
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? No

Short Term Solvency

Fiscal Year 2013 2012 2011
Current Ratio: Current Assets/Current Liabilities 1.12 1.97 2.74

Long Term Solvency

Fiscal Year 2013 2012 2011
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments

There has been a challenge to increase annual revenue and to expand the revenue mix outside of our same pool of funders.  We have relied on 2-3 annual fundraisers, local corporate sponsorship, and a few local private foundations that we had connections to but may not be able to rely on in the future. The fundraisers are a lot of work for a volunteer organization and does not raise significant revenue and reaching outside of our local pool of funders would require more commitment of hours. Developing entrepreneurial ways of raising revenues has been a challenge.  Recently we have purchased a building 100 percent financed to support our expanded operations, to increase our revenue streams, and to increase our program scope. Now, we can distribute charitable items more effectively and efficiently.  We now have an office used to help people become self sufficient who are unemployed, underemployed, welfare recipients, entrepreneurs, and those who need money management assistance.  The building generates new income opportunities such as office rent, conference room rentals for business meetings and workshops, a training room, and innovation center that charges a low monthly access rental fee to entrepreneurs. The organization has committed a 30 hours a week paid position to oversee the building and charitable operations and to expand our corporate sponsor donations, apply for new grants, and manage one annual fundraiser. We are at the beginning of an exciting opportunity to increase our revenues, increase our impact by providing more services to more people, and increasing the amount of aid per client request.  

Foundation Comments

Financial summary data in the charts and graphs above are per the organization's reviewed financials. Please note, the 2011 data is per the 2012 reviewed financial document, as notable differences for 2011 are indicated in the 2012 reviewed financial document. Contributions from foundations and corporations are listed under individuals when the breakout was not available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

Our main strategic goal is to strengthen financial stability so that we can deliver responsive and effective services and progams to more low income clients in need of emergency assistance in Peabody, MA. Our specific goal is to increase revenues and revenue streams away from our reliance on individual fundraising events and beyond the same pool of contributors.  By increasing our revenues and identifying additional funding sources, we can fund more per request and assist more people with oil, food, clothing, rent, electricity, and emergency disaster relief.  We can also expand our programs to help low income people and new entrepreneurs to become economically self sufficient. Increased revenues will result in a reduced number of unemployed, underemployed, and those on welfare who live in Peabody, MA.  Stronger financial stability and increased revenues will impact over 1,200 people a year who we intend to help. Helping someone find employment, get off welfare, or start and grow their business and remain employed provides lasting impact. The increased revenue sources will ensure that we can provide these services over the longterm and become a sustainable and effective  organization.  

2. What are your strategies for making this happen?

In order to achieve our goal of increasing revenue and helping more clients we recently purchased an office building. We also committed to creating a 30 hour per week position to oversee the building and increase our focus on numerous development and revenue opportunities. It has been a challenge to increase revenue without the weekly commitment of 30 hours a week of this position.
   
This provides us a resource of a building and a paid director who will have the time committed to the following activities:
 
Rental of office space to new and established businesses to cover operational expenses.
 
Rent a high tech conference room for business meetings by promoting this in the business community. 
 
Provide training and workshops to enhance client skills so that they are more competitive in the workforce and so that new businesses can grow.
 
Rent workstations at a lower rate to part timers or new businesses who need all the building amenities but cannot justify a full time office.
 
Increase and expand grantwriting efforts: Now we can apply for grants that help people become economically self sufficient and educational grants in addition to human services grants. 
 
Utilize the building to create corporate sponsorship opportunities such as naming rights by soliciting longtime supporters.
 
Enhance relationships with new and existing donors: There are many businesses that we have not been able to reach out to that the paid position will develop.
 
Create an outreach office for the Department of Workforce, Dept. Transitional Assistance, North Shore Community College, and Metro Credit Union to assist with our employment and training programs that increase skills, reduce unemployment, improve money management skills, and help new businesses start and grow.
 
This increased activity of workshops and occupied office space in a building that was vacant of 7 years will help also stimulate the local economy since many tenants and workshop attendees will visit local restaurants and stores and have meetings catered.
 
Develop a balanced scorecard to measure financial and nonfinancial metrics: We will measure how many people we help and the type of aid or program and where they were referred from.
 
These activities will strengthen our financial Stability by increasing revenue through new grants and corporate sponsors while utilizing our building to generate income.  The increased income as a result by the end of our first fiscal year will double the amount of aid from the previous year. This will benefit more than 1200 people annually with human service needs and approximately 300 people with programs to help them become economically self sufficient.
 
Our activities will help us achieve at least 6 months of operating expenses by reserving 20 percent of unrestricted revenue resulting in a stronger financial position and sustainability.
 
We will monitor our revenue streams, operational and aid expenses and donor retention rate which is critical to reaching our financial goals.

3. What are your organization’s capabilities for doing this?

We have helped thousands of people since our inception in 2002 and we have an experienced, capable board with established relationships in the community.  Four of our Board members have served since inception which shows a strong commitment to the cause and that we work well together with no friction in order to produce positive outcomes.  Our newer members have been instrumental in providing new ideas.  For example one member works for the Dept. of Workforce Development who has partnered with Making a Difference in Peabody and has been able to commit to using one of our offices as an outreach center and is providing a number of resources in support of our employment goals for our clients.  Another board member has used her business contacts to develop key sponsors which increases revenue. All of our board are active in the community and own businesses or vounteer their time. We are perceived positively in the community and have established relationships and received only positive media stories about the good we have achieved.  Some of us have served as President, Vice President, or on the Board of the Peabody Chamber of  Commerce.  We have a strong established network in the business, nonprofit, and city and state government sector. The educational background and experience of the board is very strong.  The Founder and President has master's degrees in nonprofit management from Harvard and Northeastern University.  Another has a Phd and owns a business coaching company. There is a mix of business owners, licensed social workers, school administrators, and operations managers who add value to the organization. Our oil suppliers have delivered our oil for 12 years and we have generated a few new suppliers. We have a proven track record of executing our programs so that people in need receive them in a timely manner.  Our strategic plan provides a good framework to guide us. Our networks, people, and influence are our strongest assests.  Financially, we hope to receive a Community Development grant to help us invest in IT infrastructure needs such as a smart tv for meetings, new laptops for training, and other technology so that we can attract people to rent our office space or conference room and to make our programs as effective as possible.  The Community Development grant would help us become successful faster. We are also actively applying for grants and increasing corporate sponsorship.

4. How will your organization know if you are making progress?

Milestones:
 
Purchase of new building to support expansion plans Jan. 2014
Approval of Community Development Grant or corporate donations for high tech investments by Mar. 28 2014
Purchase of IT equipment in order to plan training, workshops, and room rentals.  April 2014
Implementation of free unemployment, money management, and welfare to work program.  March 31, 2014
Occupy 75 percent of office space by  April 30, 2014
Occupy 100 percent of office space by Sept. 30, 2014
Conference room rentals and workshops to start Mar 31. 2014
Occupy 5 workstations to new businesses or nonprofits by June 30, 2014
Occupy 10 workstations at full capacity to new businesses or nonprofits by Dec. 2014
Receive five $1,000 corporate sponsors by Feb. 28, 2014
Receive ten $1,000 corporate sponsors by June 30, 2014
Double the amount of corporate sponsorship revenue over the previous year by June 30, 2015
Apply for 20 grants and meet with 50 potential sponsors by June 30 2014
Achieve 60 percent of new fiscal year program services by Jan 15, 2015
Achieve 100 percent of program services by June 30, 2015
Double the amount of aid over the previous fiscal year by June 30 2015
 
 
 
 
 
 
 

5. What have and haven’t you accomplished so far?

The purchase of a new building has enabled us to dsitribute more effectively many of our winter coats and clothing, food donations, and toys.  The new building has already 7 office spaces filled which is one of our major revenue streams. Without this increased revenue, we will not be able to cover operational costs or double the amount of charitable aid which is our overall goal. In order to scale, relying on the same donors at individual fundraising events does not work.  It is a challenge to focus on new revenue streams to accomplish our financial and aid distribution goals but the response of new tenants renting office space in such a short period of time is encouraging. There will continue to be adjustments along the way in order to be successful. We will make regular adjustments to our strategic plan as we monitor progress and measure results.  Our new plan of raising money is a result of evaluating a fundraising plan that was not allowing us to assist more people or to generate a 6 month cash reserve.  Our new fundraising plan will be better positioned to do so. Dealing with short term cash needs is a struggle as we put a large effort into grantwriting and corporate development which will benefit us in the longer term.