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ForKids. 2010. ForKids: Our Mission. Breaking the cycle of homelessness and poverty for families and children. ForKids Today. 9 Residential Facilities (40+ units) 7 Service Sites In three cities 75 Staff 55 Full-Time $3.5M Operating Budget. Daily Service Capacity: Over 250 Families. - PowerPoint PPT Presentation
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ForKids
2010
ForKids: Our Mission
Breaking the cycle of
homelessness and poverty for
families and children
ForKids Today
9 Residential Facilities (40+ units)
7 Service Sites In three cities
75 Staff 55 Full-Time
$3.5M Operating Budget
Daily Service Capacity: Over 250 Families
Our Facilities
Serving Norfolk, Virginia Beach, Portsmouth, Chesapeake, Suffolk, and Western Tidewater
Helping Families and ChildrenAdult Services
Case Management, Clinical Counseling, Job Coaching, Healthcare, Life Skills, GED, Tutoring,
Housing Placement, Transportation
Children’s Services Education: Tutoring & school advocacy Enrichment: Sports, Music and Arts,
Field Trips, Summer Camps, REACH, “SuperKids” Life Skills
Healthcare: Clinical Counseling, Health Insurance, Immunizations, Physicals & Dental Care
Numbers Served
6
ForKids – 2010 Results
80% of families exited to appropriate housing
86% of adults gained employment
99% of adults set and followed a budget
ForKids FY10 Results – Children
98% of children under the age of six advanced toward or met their developmental milestones
100% of children in the program at least 30 days were up to date on immunizations
99% of children in the program at least 30 days obtained health insurance
The Problem
Nationally:Less than one in four homeless children
graduates from high school.
The ForKids Impact
64%
93%
Homeless Children Advancing to the Next Grade 2010
The ForKids Family Thrift
12
Concept
The Problem: ForKids families need household items ForKids receives many donations ForKids lacks infrastructure
Solution: Income producing thrift store
ForKids managed Paid staff and volunteers Drop off sites at all ForKids staffed locations Delivery service to FK clients Utilize FK “Voucher Program”
The Thrift Research
44 thrift stores regionally (+23 consignment) 10 in Norfolk (+6 consignment)
Two operating models Owner operated non-profit 3rd party for-profit
Growing industry nationally Maturing industry
14
Project Details
Store Size: 7500 sf retail + 3500 sf warehouse
Paid Staff: 2 FT, 5 PT (+volunteers)
Hours: Mon-Sat 10AM-7PM
Sunday 12PM-5PM
Location: Wards Corner (retail center, central to FK donor base)
15
Investors
Hampton Roads Community Foundation
The Parsons Foundation
Suburban Asset Management
FK Total Investment: approx. $225K+
Location
7542 Granby Street Former Sports Zone Vacant 18+ mos. Lease terms include lease termination with
6 months notice from landlord
17
Leadership Team
Project Director: Bill Young Former owner of Taste Unlimited 15 years of retail and business management experience MBA from Darden Business School (UVA)
CEO: Thaler McCormick 14 years w/ ForKids, 20+ years business experience BS Business, MA Urban Planning (UVA)
18
Leadership Team
Advisory CommitteeEd Kimple
Senior VP, Thalhimer Commercial Real Estate
Helen Kessler Owner, Pure English (Bridal Retail), Silk (Bridal Consignment)
Kenya Smith Former store manager of The Disney Store and Mothercare
Tod Smith President & GM, WVEC
Vince Pilato Owner, RW Hayes ($10M Commercial HVAC Company)
Brian Schaefgen CFO, Harbor Group International Commercial Real Estate
Cathy Coleman President /CEO, The Downtown Norfolk Council
Why will ForKids be Successful?
Strong ForKids Brand Loyal donor base Existing volunteer base Geographically diverse drop-off locations Strong management Adequate seed funding
In Our Community,
Over 7,700 Children and Their Parents Will Become Homeless This Year
Questions?
For more information or to schedule a tour of ForKids,
contact Bill Young at 622-6400 or [email protected]