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ForKids

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.

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ForKids

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  1. ForKids 2010

  2. ForKids: Our Mission Breaking the cycle of homelessness and poverty for families and children

  3. 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

  4. Our Facilities Serving Norfolk, Virginia Beach, Portsmouth, Chesapeake, Suffolk, and Western Tidewater

  5. Helping Families and Children Adult 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

  6. Numbers Served 6

  7. ForKids – 2010 Results • 80% of families exited to appropriate housing • 86% of adults gained employment • 99% of adults set and followed a budget

  8. 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

  9. The Problem Nationally: Less than one in four homeless children graduates from high school.

  10. The ForKids Impact Homeless Children Advancing to the Next Grade 2010 93% 64%

  11. 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”

  13. 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+

  16. 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 Committee Ed 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

  19. Why will ForKids be Successful? • Strong ForKids Brand • Loyal donor base • Existing volunteer base • Geographically diverse drop-off locations • Strong management • Adequate seed funding

  20. In Our Community, Over 7,700 Children and Their Parents Will Become Homeless This Year

  21. Questions? For more information or to schedule a tour of ForKids, contact Bill Young at 622-6400 or byoung@homesforkids.org

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