The Children's Home of Reading Youth & Family Services

The Children’s Home of Reading (CHOR) is a multi-faceted social service nonprofit offering specialized residential, educational, and community-based programs to help at-risk children and their families. The Children’s Home of Reading offers over 40 different programs & services that meet the unique needs of over 3,300 children and families in crisis every year.

As part of Inperium's network, CHOR has folded in partners including Community Prevention Partnership, Reading Specialists Educational Association, Safeguards Foster Care, and Edison Court, creating a wider continuum of service offerings for children and families.

Visit Partner website

The Children’s Home of Reading (CHOR) is a multi-faceted social service nonprofit offering specialized residential, educational, and community-based programs to help at-risk children and their families. The Children’s Home of Reading offers over 40 different programs & services that meet the unique needs of over 3,300 children and families in crisis every year.

As part of Inperium's network, CHOR has folded in partners including Community Prevention Partnership, Reading Specialists Educational Association, Safeguards Foster Care, and Edison Court, creating a wider continuum of service offerings for children and families.

Visit Partner website
Year Founded
Inperium Partner Since
Location

1010 Centre Avenue
Reading, PA 19601
United States

Contact
610-478-8266

Why an Inperium partnership

Financial Instability

The organization struggled financially for years and depended on fundraising and donations to cover cash shortfalls.

Dwindling Endowment

Endowment had steadily declined over the years. Resources continued to decrease, and there was no upswing in sight.

Poor Planning

The organization hadn’t sought adequate rate increases from payers to cover the rising cost of care.

How Inperium helped

Identifying Immediate Savings

Inperium immediately identified significant available savings on worker’s compensation and other insurances that would save the organization $400k annually.

Stabilizing

Inperium provided $450k immediately upon affiliation so the organization could stabilize operations and make payroll.

Creating Connections

Inperium connected the organization to other partners in the network who also specialized in children and family services. These partners provided much-needed resources and guidance.

Process and steps

1

Inperium immediately identifies $400k in insurance savings for the organization.

2

As soon as the organization becomes an Inperium partner, Inperium loans $450k to stabilize the team further and help them make payroll.

3

Inperium connects The Children’s Home of Reading with other children and family services organizations in the network that can provide further resources and valuable guidance.

4

The Children’s Home of Reading has a network of partners to help them meet financial needs and ongoing facilities challenges and shift away from their reliance on philanthropy.

Results

After partnering with Inperium, The Children’s Home of Reading has seen an increase in revenue and net assets year over year. With Inperium, they now have a dedicated team for assessing the viability of programs and rate assessments. They’ve increased their rates, positively reassessed their assets, and refinanced $2M in debt, lowering their interest rate from 6% to 2.14%. They’ve also decreased the cost of management and general services so they can allocate more resources to directly furthering their mission.

The affiliation with Inperium has proven to be of great benefit to our organization, the Children’s Home of Reading. The partnership has allowed for improved back office systems and platforms, which in turn, has allowed our leadership the ability to focus on enhancing the quality of the services we provide, while also growing existing programs and creating new ones. Because of the affiliation, the Children’s Home continues to thrive, helping more and more children and families as we continue to focus on our mission- a mission that has been in place for 140 years.


-Dr. Vince LaSorsa,

President & CEO, Children’s Home of Reading