FOR IMMEDIATE RELEASE
November 19, 2018
ECOSYSTEMS’ IMPACT STUDY ILLUSTRATES HOMESTRETCH’S VALUE IN TRANSFORMING LIVES OF HOMESLESS FAMILIES IN NORTHERN VIRGINIA
McLean-based “value validator” shows positive impact of Falls Church non-profit in combating homelessness in Northern Virginia; “a model for U.S.”
FALLS CHURCH, VA – Ecosystems, an organization based in McLean, Virginia that works with world-class companies and nonprofits to help validate and showcase the value they provide to customers and the community, recently released an impact study on the effectiveness of Homestretch, a Northern Virginia non-profit organization working to help homeless families and victims of domestic violence rebuild their lives and become self-sufficient through education and empowerment, and their program.
Using an independent third-party value quantification methodology to determine specific outcomes that Homestretch is delivering to the community, Ecosystems’ impact study showcases Homestretch’s all-encompassing program’s success, the shortcomings of rapid rehousing and its performance indicators when it comes to long-term client success, and shares the stories of Homestretch graduates.
Ecosystems’ impact study reveals that Homestretch’s focus on client debt reduction, income increase, and housing sustainability helps to ensure positive outcomes for clients – and with a lasting impact. Notably, 90 percent of Homestretch clients remain housed after receiving assistance, compared to just 53 percent of the families that go through rapid rehousing programs. Under Homestretch’s program, 95 percent remain safely housed and employed five years after completing the program. Additionally, Homestretch’s program costs less per family and results in higher annual income and net worth for program graduates, when compared to rapid rehousing programs.
On the report findings and release, Homestretch Executive Director Christopher Fay said, “Homestretch is truly unique in our approach – and it shows. Breaking the poverty cycle is not easy, but this report shows that we’re proven and effective in ensuring that Homestretch clients are better off – not just for their two years in our program – but for life.”
“Homestretch brings true value to Northern Virginia communities. They are effectively working with homeless families to help them gain the skills and education needed to break the poverty cycle and attain self-sufficiency,” said Chad Quinn, CEO and co-founder of Ecosystems. “Ecosystems is proud to showcase Homestretch’s incredible work and looks forward to seeing their continually growing impact for years to come.”
The full impact study, which further outlines Homestretch’s effective approach to alleviating Homelessness, can be found here, and Homestretch’s outcomes can be made available via “The Ecosystem,” software which gives donors the ability to track Homestretch’s value ongoing.
Additionally, for more information on Homestretch and to donate to its mission, visit www.homestretchva.org
Since 1990, Homestretch has helped more than 2,000 families in Northern Virginia achieve permanent housing and self-sufficiency. Serving around 50 families at a time, more than 60 percent of Homestretch’s families come from dangerous and life-threatening domestic violence situations with 90 percent of their families consisting of single mothers with young children. However, through their intensive program, 95 percent of Homestretch graduates are working and living in their own homes 2-5 years after leaving the program. Many of which have gone from being homeless to becoming college educated and successfully employed as a nurse, accountant, teacher, pastor or even owning a small business.
Ecosystems is a global leader in value-quantification, empowering Fortune 500 organizations to differentiate their products and services with clarity, credibility, and precision. Ecosystems harnesses insight, data, and analysis to quantify the unique benefits of an organization’s products and services to its customers. Ecosystems’ clients are global market leaders including HP, GE, and McAfee.