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Housing-Helpers Financial Model

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Developing a Financial Model (GROUP ASSIGNMENT) Finances in mission-driven organizations are critical because they serve the mission, which means having a financial strategy is integral to organizational survival (Greco, 2011). The financial model below demonstrates how Housing Helpers will support its home improvement work for low socioeconomic status households.
Budge Responsibility A key component of financial sustainability is the commitment of board and staff to financial management that includes timely review of financial reports and advance planning. One way that board and staff plan for income and expenses in the future is by creating a budget. Approval of the annual budget is one of the fundamental building blocks of sound financial …show more content…
Through its work in providing grants and scholarships for individuals who are seeking trade skills, it is expected that recipients give back in to the organization through volunteer hours and time. Partnerships with local trade unions, and business enterprises that specialize in roofing, HVAC, plumbing and electrical that will help offset project costs through the donation of labor hours and equipment. Corporate or institutional gifts will play a key role in funding the organization. First, Housing Helpers will partner with the Milton Hershey School for financial support for its projects. Founded in 1909 by chocolate magnate Milton Hershey, the Milton Hershey School provides housing and education for underprivileged youth including trade and vocational instruction (Milton Hershey School, n.d.). Through a mutual partnership, Housing Helpers will provide scholarships to Milton Hershey graduates who seek trade training, while also providing an environment in which educational staff may provide practical experience to students through work on Housing Helpers projects. Their corporate partnerships will be developed through Home Depot, Lowes, True Value Hardware, and 84 Lumber to provide supplies in exchange for their log being visually present on advertisements and project signage. As Renz (2010) discussed, “There are many benefits that corporations can derive from …show more content…
As the nature of House Helpers work supports low income families and the broader communities “for which there are wide spread public benefit”, “seeking governments funding is appropriate” (Renz, 2010, p.494). A grant writer employed by Housing Helpers will focus their entire efforts on identifying and applying for grants that may help fund not only the Housing Helpers organization, but also the communities which are the focus of the rejuvenation efforts. A marginal amount of funding will come from individual contributions. A web portal will be established to solicit individual gifts, however, Housing Helpers will not focus organizational resources on this means of

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