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Reprogramming SFAD
IDA All Partners Meeting,
09/14/2007
Creating Pathways Out of Poverty
United Way of Greater Los Angeles
Overview
Program Performance How does SFAD Measure Up Savings and Investment Indicators
Opportunities & Challenges in Building Capacity Single Organization vs. Network Long Term vs. Short term
SFAD Reprogrammed Scale Multi-pathways Standardization Network Design Innovation Technology Training
Creating Pathways Out of Poverty
United Way of Greater Los Angeles
How Does SFAD Measure Up?
Total US SFAD (% of Total)
Number of Accounts
50,000 1,600 3.2
Amount Saved
$36,000,000 $1,500,000 4.1
Home 5116 69 1.3
Education 4194 2 0.04
Business 3644 271 7.4
Creating Pathways Out of Poverty
United Way of Greater Los Angeles
Performance Measures: Participant Savings
Accounts and Savings per Account
0
200
400
600
800
1000
1200
1400
1600
1800
2002 2003 2004 2005 2006 2007
Accounts
Deposits per Account
Creating Pathways Out of Poverty
United Way of Greater Los Angeles
Performance Measures: Participant Investments
Investment Rate (% of Deposits Invested)
0%
5%
10%
15%
20%
25%
30%
35%
2002 2003 2004 2005 2006 2007
Investment Rate
Creating Pathways Out of Poverty
United Way of Greater Los Angeles
Performance Measures: Costs per Account
Cost per Account (Adjusted for Attrition)
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
2002 2003 2004 2005 2006 2007
Cost per Account
National Average
Creating Pathways Out of Poverty
United Way of Greater Los Angeles
Challenges
Are we targeting the right market?
Are we providing effective case management?
Are we providing effective training?
Are we collecting all the relevant data?
Are participants buying the right kind of assets?
Are partners collaborating effectively?
Are we managing our network effectively?
Creating Pathways Out of Poverty
United Way of Greater Los Angeles
Capacity Building in SFAD
Context
Single vs. Networked Organizations
Dimension
Short Term vs. Long Term
Creating Pathways Out of Poverty
United Way of Greater Los Angeles
Capacity Building (cont’d)
Building Capacity is the nonprofit version of the phrase “increasing productivity” in the for-profit lexicon.
Technology
Program Training
Technology
Skills Training
Staff & Structure
Short Term
(action)
Scale
Scope
Single Org.
Standardization
Network Design
Innovation
Long Term
(planning)
Network
Creating Pathways Out of Poverty
United Way of Greater Los Angeles
SFAD Reprogrammed!
Scale: UWGLA’s Long Term
Commitment Grant sequencing (year-round
enrollments)
Flexible account allocation Performance-based funding Partners enroll in all three
areas
Scope:
SFAD as part of UWGLA’s overall Econ. & Workforce Development strategy
Standardization: New manual and forms Training with certification
opportunities
Scenario 1 (homeownership) Year 1 Year 2 Year 3Per
Account
Accounts opened 36 36 36
Foundation Support $ 18,000 $ 11,700 $ 7,605 $ 157
Enrollment (@ $250) $ 9,000 $ 9,000 $ 9,000 $ 250
Follow-Up (year 2 @ $150) $ 5,400 $ 5,400 $ 150
Follow-Up (year 3 @ $50) $ 1,800 $ 44
Credit scores report (@ $100) $ 3,600 $ 7,200 $ 10,800 $ 267
Training (@ $250) $ 6,300 $ 9,000 $ 9,000 $ 250
Savings activity (@ $250) $ 2,250 $ 4,500 $ 164
Purchase bonus (15% x $500) $ 1,500 $ 2,000 $ 2,700 $ 136
All Years $ 38,400 $ 45,900 $ 50,805 $ 1,417
The continuum to Assets (FSP)
Step 1:Increasing Income
Step 2: Build Savings
EITC
Accessing Public & Employer Benefits Savings
CampaignsSplit Refunds
Financial Literacy
New SavingsProducts
IDAs
Asset Protection
Step 3: Gain & SustainAssets
CreditRepair
Workforce Development
Creating Pathways Out of Poverty
United Way of Greater Los Angeles
SFAD Reprogrammed! (Cont’d)
Network Design: Decentralized Data Collection (AFI2) Semi-Centralized Structure
Innovation: Performance-Based Funding Ramp-Up Accounts Asset Training vouchers
Technology: Database (AFI2) Online bank statements and transactions data
UWGLA
Creating Pathways Out of Poverty
United Way of Greater Los Angeles
SFAD Reprogrammed! (Cont’d)
Training:
General IDA training
Database training (AFI2)
Case management training
Office technology training
Staff and Organizational Structure:
Increased funding according to performance
Miscellaneous:
Saving period increased to 24 months Match rate reduced to 1:5 to 1 but dollar amount
increased
Creating Pathways Out of Poverty
United Way of Greater Los Angeles
Wrapping-Up
UWGLA’s new IDA model focuses on capacity building:
Provides opportunities for increased partner funding
More effective collaboration among all partners
Holistic approach in addressing assetbuilding
Improved IDA technology and training
Innovative products
Standardized procedures
Increased family savings and match distribution
Creating Pathways Out of Poverty
United Way of Greater Los Angeles
Ed Khashadourian
Program Officer
(213) 808-6519
