Financial Planning

Help Chariti Home Ministries improve their ability to predict the financial impact of changes in their funding and expenses, so that they can effectively plan for the future and avoid surprises.
Chariti Home Ministries
Belleville, IL, USA
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Chariti Home Ministries
Belleville, IL, USA

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Posted January 19th

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Project Details

What We Need
  • An Excel spreadsheet custom-built specifically for the Organization's finances
  • Training on how to use the spreadsheet to understand the current financial situation and predict future states (e.g., plan for budget increases or decreases, hiring, and other key drivers)
Additional Details

Need within next 30 days

What We Have In Place
  • We currently have Quickbooks, which should make it easy for you to get started. We also have Our past financials, and the ability to provide any other information you need.
How This Will Help
This project will save us $14,474 , allowing us to Assist more of the teen parents

For future operations planning and grant requirementd

Project Plan

P
Prep: Distribution of Prep Materials
  • Volunteer Manager provides Professional with current accounting needs and practices, chart of accounts or operating budget, and financial statements currently being generated (e.g,. statement of financial position, statement of activities, or statement of cash flows)
  • Optional: If you are concerned about the sensitive nature of your financial data, have a volunteer sign a non-disclosure agreement
1
Milestone 1: Analysis & Recommendations
  • Professional analyzes current accounting system, and recommends improvements to data gathering, reporting, or implementation of new bookkeeping software
  • Volunteer Manager provides feedback which Professional incorporates
2
Milestone 2: Implementation
  • Professional helps the Volunteer Manager to implement recommendations
3
Milestone 3: Training
  • Professional trains Volunteer Manager on how to fully implement recommendations to ensure sustainability
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About The Org

Chariti Home Ministries
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Our Mission

To provide safe stable and appropriate transitional housing, education and connections to resources for unwed displaced and/ or homeless teenage mothers ( 13-19) and their children.

Our vision to change the lives of our participants now and for generations to come.