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WoodGreen Community Services. Financial Empowerment- Successful Approaches Stephen Vanderherberg , Director Strategic Initiatives May 25 th , 2018. WoodGreen Community Services. Organizational Overview. WoodGreen Community Services (Toronto, ON)
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WoodGreen Community Services Financial Empowerment- Successful Approaches Stephen Vanderherberg, Director Strategic Initiatives May 25th, 2018
WoodGreen Community Services Organizational Overview • WoodGreen Community Services (Toronto, ON) • Multi-Service Agency (i.e housing, employment, newcomer, seniors, mental health, etc.) • 75 programs, 700+ staff • Financial Empowerment • Income Tax Clinics (7500 returns in 2017) • Counselling (1000+ clients) • Financial Literacy
WoodGreen Community Services Financial Empowerment Target • Low income individuals & families with barriers • Address financial barriers; Increase financial skills and capacity • Grow to 15,000 clients/yr by 2022 Journey • 33% growth year over year since 2011 • Tax Clinics to Counselling • Experimentation & Innovation Approach • Co-Design • Partnerships • Client-centric
WoodGreen Community Services Challenges to Financial Security • Complexity of Personal Situations • Documentation, debt, back-taxes, relationship breakdowns • Ease of Access • Navigating systems, appropriate financial products, personal confidence • Low Financial Literacy • Low literacy levels, cognitive barriers, negative association • Need for affirming positive social interactions
WoodGreen Community Services Successful Approach 1: Volunteer Empowerment • 200+ volunteers, Pyramid model • Co-location: Toronto Public Library, Social Housing, etc. • $17 M in Benefits and Returns • Positive Social Interactions
WoodGreen Community Services Successful Approach 2: Tax + Counselling • Triaging complex situations • One-on-One Support – Tax advocacy, debt, documentation, benefits access, budgeting • Social Work Approach, Action-oriented • Supportive environment to navigate systems
WoodGreen Community Services WoodGreen Community Services Stephen Vanderherberg, Director, Strategic Initiatives www.woodgreen.org Svanderherberg@woodgreen.org