Diverse social services provider would like to make its finance organization and system more efficient to support the organization’s rapid growth.
Nonprofit: Goddard Riverside Community Center
Goddard Riverside Community Center is a $30 million social services provider with roots tracing back to 1853. 166 years later, it provides services from “twinkle to wrinkle,” aiding children, women, men, families, and seniors in 27 programs at 22 sites in Manhattan. Its programs encompass children’s day care, Headstart, summer camps, supportive housing, homeless outreach, senior centers, home-delivered meals, community arts programs, and more.
Project: Organization Strategy for Finance Function
Over the last several years Goddard Riverside has grown significantly. In response, Goddard Riverside decentralized its financial systems and developed a new staffing strategy that included hiring more finance staff, which had held steady despite the organization’s growth. Despite a widely held sense that things are better than before the changes, issues have emerged. Large numbers of program directors are not using the decentralized system as planned. Fiscal staffing needs strengthening, and one senior position remains unfilled. The team is stretched to get all of its routine financial work done on a timely basis. Financial modeling for the future is hard to fit into the team’s workload given the challenges in satisfying routine responsibilities.
The project will:
- Develop a finance organization strategy and implementation plan designed to solve the foregoing issues
- Support Goddard Riverside in its continued growth and operations.
- Interested HBS alumni should sign up by October 18th.
- The kickoff session will be held the week of October 21st. Tentative location: Goddard Riverside HQ, 593 Columbus Avenue at 88th Street, Manhattan
- Time commitment approximately 10-15 hours per month for 3 months.
- Questions? Contact Project Coordinator Gretchen Grant, MBA 1985, firstname.lastname@example.org, 917-838-6426.