A study launched at First Steps Housing reveals every dollar invested into the program yields about six dollars in social value.
The facility for pregnant and parenting woman and their children received funding to be the province's first Social Return On Investment case study, and Executive Director Sharon Amirault tells CHSJ News many investors are looking for proof that their money is being well spent.
The S-R-O-I method evaluates the work an organization is doing based on outcomes, instead of activity like the number of people that are coming through the doors. Through the study, it was also discovered that the long-term value of investing in First Steps far outweighs the short-term savings.
Anne Miller, the Director of S-R-O-I & Evaluation with the SiMPACT Strategy Group says First Steps is an emerging promising practice.