Delancey Street Foundation Rating Summary

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Delancey Street Foundation Rating Summary

  1. 1. NPI Evaluation of Delancey Street Foundation NPI Rating: BUY Evaluation as of 12/19/2011 Analyst: Kent Chao www.nonprofitinvestor.org
  2. 2. NPI Rating: BUYDSF is pioneer of residential self-help for former felons.They have developed a model which requires a smallamount of public funding to serve a large number ofbeneficiaries. Furthermore, DSF expands its impact bytraining other organizations in the process that theyhave developed over 40 years. NPI recommendsreplicating the DSF model, making a monetarydonation, or patronizing DSFs social enterprises. www.nonprofitinvestor.org
  3. 3. Delancey Street Foundation: Strengths▲ Majority of revenue is generated by programs rather than through donations. DSF runs several successful enterprises which provide DSF residents with vocational training and income. In aggregate, these enterprises are profitable on a stand-alone basis.▲ Low cost per beneficiary. With an average of 1,500 residents, DSF’s annual cost per direct beneficiary is approximately $12,000. If program revenues are deducted, the cost is approximately $4,000.▲ Systematic outreach program broadens impact. DSFs Institute for Social Renewal trains replicators of the successful DSF model.▲ Proven track record. DSF has successfully graduated 18,000 individuals over 40 years under the leadership of its current CEO.▲ Executive management and directors draw no compensation. Only one director receives compensation – she receives $30,000 for her role as principal of DSFs charter school, Life Learning Academy.▲ Financially secure. DSF generates $3MM of cash from operations and had $28.6MM of cash and cash equivalents at the end of 2009. www.nonprofitinvestor.org
  4. 4. Delancey Street Foundation: Cautions▼ Impact measurement. DSF cites many success stories but has not performed any publicly available impact studies.● DSF program revenues are subject to economic volatility. In 2009, DSF program revenues declined by 9%.● Untimely financial reporting. DSF reports results approximately 12 months after the close of each fiscal year. www.nonprofitinvestor.org
  5. 5. More Information• Access the full research report for free here: nonprofitinvestor.org/DelanceyStreetFoundation• To provide feedback on the report, please either comment directly on our website or contact us directly: nonprofitinvestor.org/contact www.nonprofitinvestor.org
  6. 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

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