This case concentrates on the financial health of Aspire, a forty-year-old nonprofit organization serving the requirements of the developmentally disabled. To satisfy the residential, educational, and vocational needs of their clients, Aspire is continuing to grow considerably by growing services and purchasing homes. Like a nonprofit organization, Aspire needs to consider financial implications and business/mission concerns because it explores purchasing a structure and also the consolidation of administrative activities. The case allows students look around the talents and weak points of Aspire's finances, the main financial indications that various kinds of loan companies would consider, along with the financial and business costs and advantages to Aspire for that various lending options. The case profiles several various kinds of financing options, including traditional bank financial loans, the issuance of tax-exempt bonds, and also the participation of the community development lender. Students are requested to complete analysis and recommend a financing option for Aspire. The case is depend-ant on work the Illinois Facilities Fund, an Illinois community development finance institution, did with Aspire in 2000.
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