Interview with an Impact Company: Grace Family Home Care
Many of us are intrigued by the possibility of building the Kingdom through investing in Impact Companies, but aren't sure what it means in practice. As a refresher, an Impact Company is one that seeks social and spiritual outcomes along with financial gain. Today we begin a series of interviews with company leaders to give a picture of what impact investing can mean in real life.
Our first interview is with the leaders of Grace Family Home Care.
What prompted you to start/acquire the company?
We were excited about the ministry opportunity in home health care. We had a great management team, which is important because we know they'll be able to execute well on the ministry plan and the business side as well. Then we went out and found an acquisition that worked financially. We're modeling over 30% annualized ROI from this business.
What does your company do?
We provide skilled nursing and therapy services within our patient’s homes, treating infants to geriatrics who have various and significant medical needs.
Describe the customer you serve.
Those with medical conditions who are unable to independently care for themselves. Some are recovering from trauma or surgery, while others have advanced diagnoses requiring extended care for long periods of time, sometimes indefinitely.
How do you describe/measure impact?
Obviously we track the traditional financial metrics closely. As for the social and eternal outcomes, we're interested in seeing people come to faith in Christ. We're partnering with Corporate Chaplains to visit those patients of ours who indicate willingness. We measure their visits plus the number of times our staff or volunteers pray, read the bible, or have spiritual conversations with patients and their families.
Describe how the world will be a better place when your company is wildly successful.
We hope to grow beyond the Tampa Bay area to cover the entire country, providing the highest quality home health care to hundreds of thousands in the name of Jesus.
How can people engage with you?
We are part of the Grace Harbor Group, which exists to help families make and manage impact investments. Check out our website, http://www.graceharborgroup.com/
I've spent many sleepless nights praying and wishing I could just get some rest. Recently we met Gary Brown, CEO of Spiritual Sleep Therapy and I wanted to share his story on our blog. Here it is in his words. …
One third of Americans (82M people) struggle with insomnia and 15% (36M+) struggle every night, two-thirds of whom are women. Spiritual Sleep Therapy (SST) is the first company to produce sleep sessions that use the most effective elements of cognitive behavioral therapy relaxation techniques combined with the power of God’s Word to help those who struggle with insomnia.
REDEMPTIVE METHODOLOGY defined
An enterprise whose primary positive impact on the world happens through the way business is conducted. Its leadership, being rooted in Christ, follows the Spirit with intentionality for how they can participate in God's transformational work in the lives of employees, vendors, & customers while creating sustainable value. Read more and discover best practices.
The Verdant leadership team has spent a great deal of time putting together their framework for how they cultivate new opportunities. Starting with small explorations, they then perform a standard set of rigorous tests before committing in a significant way.
Having spent a week with the team on the ground as an outside observer, we noted there are three key drivers of success…
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Impact Foundation has invested $33m in 62 companies through the end of 2017. As we deploy charitable capital to create economic, social and spiritual transformation, it is imperative that we have tools and data to shed light on the progress being made by enterprises in our portfolio. Are lives and communities actually improving through the investments we make?
Theory of change modeling and impact measurement are robust fields of study with reams of research papers and detailed theoretical papers. These researchers explain the differences between inputs, outputs, outcomes, and outcomes, but there's still much work to be done in translating this to best practices for busy entrepreneurs and donor-investors. We view some of that translation work as the unique role Impact Foundation can play.
Impact Foundation exists to invest charitable capital for economic, social, and spiritual transformation, our version of impact investing. It's the next iteration of philanthropy because innovative foundations and givers have recognized that all enterprises, not just charities, can produce both social and financial results on a spectrum from positive to negative. While we whole-heartedly believe impact investing is here for the long run, not everyone lives every day in this world. That's why we bring you this summary of the most important conversations in impact investing.
If you're new to the conversation and just wondering what the words mean, check out the FAQs and Resources and on our website.
The co-founders of Standard Cyborg and fellow Praxis Labs alumnae Jeff Huber and Garret Spiegel have been named to Forbes' 30 Under 30 for their pioneering work in making custom-fit prosthetics available widely and affordably. Congratulations!
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