Page 25 - 2024-2029 UP Strategic Plan draft

We will continue to manage our financial resources strategically and ethically. We

aspire for Urban Pathways to have funding and internal controls necessary to
meet its needs and support its priorities. We will continue existing funding
streams, expand funding sources, create greater efficiencies to reduce costs and

maximize the reimbursements currently available and protect Urban Pathways
from being too dependent on a narrow funding base. We will be proactive in

pursuing funding in support of program priorities, innovation and employee
wellbeing. We will identify financial partners and build strong relationships with

those who can support us in providing greater quality of services we deliver now,
as well as those who can help us expand our portfolio to further our mission. We

will ensure fiscal resources are distributed equitably and all inclusively.

Sub-Goal 2.1 Sub-Goal 2.2
Diversify the mix of funding to acquire Align Advocacy and budgets with

and manage funds needed now and communications, programs and other
for the foreseeable future. mission related functions to leverage

shared objectives (e.g., the enhanced
transitional housing Initiative).

Examples of Desired Outcomes

❖ New funding for innovation, □ Number of Development staff
expansion, and priority options. reaching their annual fundraising
❖ Stable organization. goals.
❖ Unrestricted funds to supplement
staff pay, support innovation, □ Percent of programs showing
provide flexibility. reduced deficits in monthly
❖ Staff understands and manages financials reports.
financial and program data. □ Cost of raising funds meets or is
❖ Broad base of funders and strong
financial partners as well as multiple below industry benchmark.
options in funding types (e.g., □ Increased diversity, number and
Medicaid income for supportive amount of revenue sources.
housing). □ Amount of financial reserves.
❖ Financial stability.
❖ Program needs match available □ Amount of cost savings through
funds. workforce efficiencies.
❖ Cohesive approach to developing □ Third party audit findings and
budgets and addressing funding
challenges (e.g., Finance staff reports.
advocate for Program and client □ Cost of supplementing staff salaries
needs). and benefits.

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