This case focuses on the financial health of Aspire, a forty-year-old nonprofit organization, the needs of the mentally handicapped. In order to meet the residential, educational and vocational needs of its customers, has grown by expanding significantly Aspire services and buying homes. As a non-profit organization, Aspire has financial implications and organizational / mission concerns into account, as it investigates the acquisition of a building and the consolidation of administrative activities. … Read more »

This case focuses on the financial health of Aspire, a forty-year-old nonprofit organization, the needs of the mentally handicapped. In order to meet the residential, educational and vocational needs of its customers, has grown by expanding significantly Aspire services and buying homes. As a non-profit organization, Aspire has financial implications and organizational / mission concerns into account, as it investigates the acquisition of a building and the consolidation of administrative activities. The case allows students to the strengths and weaknesses of the financial situation of Aspire, the primary financial indicators that different types of lenders would be to examine and explore the financial and organizational costs and benefits of the various Aspire lending options. The case profiles different types of financing options, including traditional bank loans, issuance of tax-exempt bonds, and the involvement of a community development financial institution. Students are asked to do analysis and recommend a financing option for Aspire. The housing is on the work that the Illinois Facilities Fund, an Illinois Community Development Finance Institution, with Aspire did in in 2000.
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Elizabeth Keating,
Kelly Austin,
Michelle Colman
Source: Kellogg School of Management
36 pages.
Release Date: 1 January 2003. Prod #: KEL448-PDF-ENG
Aspire Inc.: Financing conditions for healthier nonprofits HBR case solution

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