Beruflich Dokumente
Kultur Dokumente
NU
20 1 AL
1 7 RE
PO
RT 8
FROM OUR CEO
Dear JIFFI Family,
Serving as the Chief Executive Officer for JIFFI this past semester has been a truly humbling experience. I
learned and grew in so many different ways. My role as the CEO could not have been any easier with such
an amazing Executive Team who deserve more credit than I can ever give them. Without their dedication,
passion, and help, I don’t think JIFFI could have accomplished a fraction of what we got done this semester.
At the start of my tenure, I set out four goals for this semester: to finish raising $1000, to grow our savings,
to better connect with the community, and to improve client services. While there are areas to improve and
further develop, I am proud of all the work each member of this organization has contributed to realizing
goals set out at the start.
Addressing the first goal, we raised $350 through the South Bend Cubs fundraiser, and already raised over
$2000 through our crowdfunding campaign. We to use the additional capital for expanding our services. For
the second goal, we identified a few savings account options that we hope to implement. We made strides
in the third goal of connecting with the community. We held a service event through one of our partners—
Hope Ministries. In addition, we joined Help with Love—a network of churches that refer its members
to services in times of need. While JIFFI remains apolitical and nonreligious, joining this network could
expand our reach and better serve the needs of the community. We also made a connection with the City
of South Bend’s Office of Community Investment to discuss how JIFFI can expand in the future to best serve
South Bend. Finally, we significantly improved our client services. Our Human Asset Management division
transformed into a dedicated loan division, to maintain relationships with clients to reduce defaults. Our
Community Relations division developed the Community Resources Guide—to be given out to all regardless
of loan decisions—which details out different organizations in the city and services each provide.
Looking forward to next year, I hope to better internally organize JIFFI and expand our services. I want to
increase accountability and trust internally, functioning as a seamless organization, so that we can focus on
best serving needs of the city. From the revamped HAM division to increased number of board meetings,
I hope that JIFFI can transition into a better functioning nonprofit. Next, I want to expand the available
services JIFFI offers, providing more than just loans. Reaching out to organizations like St. Margaret’s House
and the YWCA, I want to explore options of supporting victims of domestic violence. I want to transition JIFFI
into a truly community based financial service organization, where we provide a diverse array of services to
our community.
I am looking forward to what next year has to offer, working with the most amazing Executive Team to put
goals into actions. I want to thank the Board of Directors for this opportunity, and I hope to deliver on my
goals.
John Kang
CEO, Jubilee Initiative for Financial Inclusion
1
KEY MESSAGE STATEMENT
Who we are:
The Jubilee Initiative for Financial Inclusion (JIFFI) is a nonprofit community financial services
provider founded by University of Notre Dame and Saint Mary's students. We aim to replace
predatory payday lending that perpetuates poverty in South Bend. We offer cash advances
supplemented by helpful personal financial planning tools to help our clients get ahead
instead of falling behind.
Our mission:
To enable our clients to unlock their full potential through affordable credit solutions,
financial empowerment programs, and supportive relationships.
Our vision:
To shape a better financial environment for our community and uphold the financial dignity
of every individual by providing access to fair credit and opportunities to build financial
assets.
What we offer:
Affordable Credit Solutions
We provide emergency loans that alleviate financial hardship for clients facing difficult
circumstances. By lengthening loan terms and offering an APR of 21%, we present an
accommodating alternative to exploitative payday loans.
2
YEAR IN REVIEW
Senior Speaker Series
In an effort to not only learn more about the
members within our own organization, but also
to pass on some hard-earned knowledge, JIFFI
All-Staff meetings in the spring began with a
short talk from a current Senior. Advice ranging
from weather to workouts was shared through
these fun and informational talks!
3
Hope Ministries CANstruction Event
In the spring, members of JIFFI went to the University Park Mall to assist Hope Ministries with
their CANstruction event. Members of JIFFI helped Hope Ministries pack enough food to feed
their residents for over two months. We had an awesome time helping our community partner
and assisting them in their mission much like they do for us!
Amazon Smile
You can still choose JIFFI as your charity of choice on AmazonSmile. Just head over to smile.amazon.com,
choose the Jubilee Initiative for Financial Inclusion, download the SmileAlways chrome plugin, and you’re
all set! Now 0.5% of all your purchases will go directly towards helping promote financial inclusion in the
South Bend community!
4
YEAR IN REVIEW CONTINUED
South Bend Cubs
Once again JIFFI was able to partner with the South Bend Cubs and sell tickets to their April 12 game with a
portion of these ticket sales coming back to support JIFFI. Attendees enjoyed beautiful weather, discounted
beverages, and a free SB Cubs hat!
5
FEP Classes Expand
Since October, our Financial Empowerment program
has finished up teaching classes at the RCLC and
Imani Unidad. More recently, they have begun
teaching classes at Prairie Vista Elementary School as
well as the YWCA and additional classes at the RCLC.
Our Financial Empowerment Program does a great
job educating individuals in the community about the
importance of goal-setting, proper use of credit and
long-term saving amongst other important aspect of
financial literacy.
With a growing organization, it is necessary to maintain strong relationships within JIFFI’s members.
For this purpose, we have established a new mentorship program partnering upperclassmen with
underclassmen based on their majors. This not only strengthens relationships but enables easier
communication between members. When asked about her mentor, first-year Connie Chen says “Whether
it be professional or personal matters, having someone who is there to support me and give me valuable
insight on similar experiences has been tremendously helpful in my first year. I’ve been able to reach
out to my mentor regarding any thoughts or ideas I have about my progress as an associate, and he’s
challenged my perspective and helped me feel more comfortable in my work.”
6
COMMUNITY PARTNERS
7
Hope Ministries
Hope provides emergency and transitional housing for 18 families with
children, 35 single men and 16 single women. Typical length of stay is
12-18 months. All residents are served three meals per day at nocost. In
addition to feeding our residents, Hope serves lunch and dinner every day
of the year at no cost to any other person from the community who comes
to us. Through on-site services and partnerships with local agencies and
providers, Hope helps residents access both basic and specialized mental,
emotional and physical health care services.
YWCA
The YWCA offers a broad range of services that helps victims of domestic violence
and sexual assault heal and make a new start through programs like Healing
Pathways, Take Charge of Dating Violence Prevention, and the New Hope Sexual
Assault Survivors Program. The Women’s Journey Chemical Dependency program
offers residential and non-residential treatment and detoxification services.
The Brighter Tomorrows Economic Empowerment Program helps womenreach
their financial goals by providing education resources in financial literacy, job
preparedness, and retention. It is open to all women 18 and older. Finally,
the YWCA Housing program has both transitional and permanent housing services
for women and their children
REAL Services
The mission of REAL Services is to assist in establishing a community in
which those we serve can maintain their independence to the maximum
degree possible and find meaning and satisfaction throughout their lives.
The operation of REAL Services is based upon a number of principles
and beliefs. Policies have been developed from these and when properly
implemented they will ensure the success and further growth of this Agency.
8
BOARD OF DIRECTORS 2017-18
9
EXECUTIVE BOARD
Joel Zimbrick, 2018 Thomas Seitz, MSA 2018 Emily Pohl, 2020
Chief Marketing Officer VP of Accounting VP of Community Relations
Major: Finance Undergrad Major: Accoun- Major: International Economics
Minor: German and PPE tancy and Constitutional Minor: Peace Studies and
Studies International Development
Liabilities
Short-Term Debt $- $- $-
Long-Term Debt $- $- $-
Total Liabilities $- $- $-
11
Master Statement of Activities
Expenses
All-Staff Expense 0 $220 $358
Authorized Gift Expenses 0 100 0
Bad Loan Expense 0 2897 2,982
Client Envelope Expense 0 0 67
Document Filing Expenses 0 22 0
General Administrative Expens-
es $5,435 1026 146
Intern Salaries Expense 0 2194 1,813
JIFFI Mugs Expense 0 0 397
Mailing Expenses 0 7 0
Marketing Expenses 0 39 0
P.O. Box Expense 0 46 52
Rent Expense 0 420 0
Website Expense 0 212 20
Total Expenses $5,435 $7,183 $5,837
12
SPECIAL THANKS TO
Our Board of Directors
Jake Bebar
Will Ash
Robert Lee
Katie Welch
13