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

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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

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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

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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)

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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

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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)

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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 byoung@homesforkids.org