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NPI Evaluation of First Place for Youth

             NPI Rating: BUY
          Rating as of 1/30/2013
          Analyst: Rich Scudellari


            www.nonprofitinvestor.org
NPI Rating: BUY

Through a staunch commitment to hiring quality
employees and consistently tracking relevant data, First
Place for Youth has built a high quality program, which
continues to generate positive results for participants
and has become a model program for supporting youth
transitioning out of foster care.




                   www.nonprofitinvestor.org
First Place for Youth: Strengths
▲ Well-defined mission has been thoughtfully crafted into an
  effective and precisely executed program model.
▲ First Place for Youth has helped 92% of participants exit the
  My First Place program in stable housing (compared to 40% of
  exiting foster care participants) and 55% exit employed
  (compared to 29% of former foster youths).
▲ The executive leadership team does an excellent job of hiring
  quality employees, instilling in them a “youth first” mindset
  and self-policing which ensures youth are receiving the most
  effective support.
▲ Commitment to data tracking ensures that First Place for
  Youth is providing effective care to youth and generating
  positive outcomes for program participants.


                     www.nonprofitinvestor.org
First Place for Youth: Cautions

● Heavy reliance on government funding can cause
  working capital issues between July and November
  as the government fiscal year comes to a close and
  subsequently reopens. Although cash can be tight
  during these months, the risks are mitigated by an
  experienced management team, private funding and
  access to a $1MM credit line.
● High turnover rates amongst case managers (Youth
  Advocates and Education and Employment
  Specialists) negatively impact the relationships built
  by program participants within the organization.

                   www.nonprofitinvestor.org
More Information

• Access the full research report for free here:
  nonprofitinvestor.org/first_place_for_youth

• To provide feedback on the report, please either
  comment directly on our website or contact us
  directly: nonprofitinvestor.org/contact




                   www.nonprofitinvestor.org
About NPI

• Nonprofit Investor publishes detailed, peer-reviewed
  evaluations of charities written by business leaders
  with due diligence expertise. All research reports are
  free to download: nonprofitinvestor.org/research
• Follow NPI:
   – Twitter: @nonprofitinvest
   – Quora Blog: nonprofitinvestor.quora.com
   – Facebook: facebook.com/nonprofitinvestor
• NPI is a 501(c)(3) charity (EIN: 45‐3627609)

                    www.nonprofitinvestor.org

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First Place for Youth Rating Summary

  • 1. NPI Evaluation of First Place for Youth NPI Rating: BUY Rating as of 1/30/2013 Analyst: Rich Scudellari www.nonprofitinvestor.org
  • 2. NPI Rating: BUY Through a staunch commitment to hiring quality employees and consistently tracking relevant data, First Place for Youth has built a high quality program, which continues to generate positive results for participants and has become a model program for supporting youth transitioning out of foster care. www.nonprofitinvestor.org
  • 3. First Place for Youth: Strengths ▲ Well-defined mission has been thoughtfully crafted into an effective and precisely executed program model. ▲ First Place for Youth has helped 92% of participants exit the My First Place program in stable housing (compared to 40% of exiting foster care participants) and 55% exit employed (compared to 29% of former foster youths). ▲ The executive leadership team does an excellent job of hiring quality employees, instilling in them a “youth first” mindset and self-policing which ensures youth are receiving the most effective support. ▲ Commitment to data tracking ensures that First Place for Youth is providing effective care to youth and generating positive outcomes for program participants. www.nonprofitinvestor.org
  • 4. First Place for Youth: Cautions ● Heavy reliance on government funding can cause working capital issues between July and November as the government fiscal year comes to a close and subsequently reopens. Although cash can be tight during these months, the risks are mitigated by an experienced management team, private funding and access to a $1MM credit line. ● High turnover rates amongst case managers (Youth Advocates and Education and Employment Specialists) negatively impact the relationships built by program participants within the organization. www.nonprofitinvestor.org
  • 5. More Information • Access the full research report for free here: nonprofitinvestor.org/first_place_for_youth • To provide feedback on the report, please either comment directly on our website or contact us directly: nonprofitinvestor.org/contact www.nonprofitinvestor.org
  • 6. About NPI • Nonprofit Investor publishes detailed, peer-reviewed evaluations of charities written by business leaders with due diligence expertise. All research reports are free to download: nonprofitinvestor.org/research • Follow NPI: – Twitter: @nonprofitinvest – Quora Blog: nonprofitinvestor.quora.com – Facebook: facebook.com/nonprofitinvestor • NPI is a 501(c)(3) charity (EIN: 45‐3627609) www.nonprofitinvestor.org