Closer to Home Creates Social Value
If troubled children, youth, and their families have access to programs that embrace and respect their unique values and culture while in a safe, secure and nurturing environment, their individual independence and self-determination will grow and they will be healthier, more productive members of society.
Closer to Home uses Funds Wisely
1,276 children served by every year by Closer to Home programs and services.
13 programs offered by Closer to Home.
100% of parents reported they were satisfied with the services their children received.
33 volunteers contributed 793 hours in 2007.
As illustrated in Table 1, the social value created by the seven Closer to Home programs reviewed is $8,737,410. This represents a $2.18 return on every $1 invested.
|
Closer To Home Program |
SROI Ratios (Year One) |
| Family Diversionary |
2.10 |
| Family Matters |
3.22 |
| Foster Care |
1.06 |
| Kiwehtata |
4.26 |
| Pekewe House |
0.64 |
| Home Visitation |
3.25 |
| Teaching Homes |
0.71 |
|
Average 1 year SROI: |
2.18 |
|
Total investment: |
$ 4,013,246 |
Total Social Value Created: |
$ 8,737,410 |
About Social Return on Investment
Social return on investment (SROI) expresses the monetary value of social and environmental benefit created through any type of activity.
A SROI analysis can be used as a forward planning framework, for day-to-day project management as well as a tool to evaluate results.
SROI illustrates the value of enabling positive changes to a human or environmental circumstance by expressing the value of achieving that change in relation to the cost of investment.
As decreased and reallocated costs, increased income and taxes paid are monetized, the ratio focuses attention on the value of personal accomplishments such as learning new skills, increasing personal confidence and stability.