Assessemnt 1FPX8408- Advance Financial Management in For-Profit Nonprofit, and Government Human Services Programs

Introduction********

There are three main types of human services organizations: for-profit, nonprofit, and government human services organizations. Each type of organization has its own set of requirements and faces its own challenges. The organizations may differ in ownership, mission, structure, organizational structure, and revenue models. There are also differences in legal requirements for setting up a new organization of each type. You will explore all these issues in this assessment.

In addition, you may have considered starting your own human services organization. In this assessment you have an opportunity to examine your thoughts about the type of organization you would like to establish.

Overview**********

You are a first-time social entrepreneur—a person who wants to establish an enterprise with the aim of solving social problems or effecting social change.

Understanding best practices and standards in the design and infrastructure of human services organizations is an essential competency for human service leaders.

For this assessment, you will evaluate the key differences among for-profit, nonprofit, and government human service organizations.

Instructions**********

Write a 6–8 page paper that includes the following headings and responds to the prompts included under each heading. In your paper use level-1 headings for each of the bold headings shown below. For more about level-1 headings, see Academic Writer.

Title Page

Include the title of the paper, your name, the university and department name, the course number and title, the faculty member’s name, and the date. Follow APA formatting guidelines.

Introduction

Describe the type of human services organization that you, as a social entrepreneur, would establish.

  • Describe your primary motivation for starting this type of organization.
  • Describe the target population, and the services the organization would offer.
  • Outline the goal(s) of the organization and explain why they were selected.
  • Describe the data that justifies the need for the organization.

Differences Among For-Profit, Nonprofit, and Government Organizations

Compare the key differences among types of organizations (for-profit, nonprofit, and government).

  • Analyze the differences in ownership, structure, and revenue model for for-profit, nonprofit, and government organizations.
  • Explain how the organization’s mission impacts financial management. Provide an example.

Selecting Appropriate Organization Types

Describe what is unique about each type of human service organization (nonprofit, for-profit, and government).

  • Research human service organizations and give an example of each type (name, mission, and goals of the organizations).
  • Describe what is unique about each of these types of organizations.
  • Provide some examples of human service-oriented, for-profit businesses.

Organizational Structure Based on Legal and Financial Considerations

Explain the steps (sequentially) for starting a business.

  • Describe legal steps that are required to start a business.
  • Evaluate the best business structures for a nonprofit. Explain why these are the best structures.
  • Describe the local, state, and federal documents that are required when starting a business.
  • Explain how the process differs when starting a for-profit organization rather than a nonprofit organization.

Funding Sources

Evaluate funding sources for a human services organization.

  • Explain the difference between restricted and unrestricted funds.
  • Explain why funding is crucial to a nonprofit.

Conclusion

Summarize the main points in your paper.

  • Conclude with a strong statement.

Reflection Journal: Enter the Introduction section of this paper into your reflection journal at Human Services Reflection Journal: Evaluating Types of Human Service Organizations Activity. Download the PDF of your journal entry and submit it with your paper.

Additional Requirements*********

  • Paper Format: Use APA Level-1 headings (centered and bold).
  • Document Length: 6–8 pages, not including the title page and reference page.
  • Written Communication: Incorporate well-organized text, including appropriate evidence and tone in grammatically sound sentences.
    • Ensure your sentences are clear and concise.
    • Use correct grammar and punctuation.
    • Use APA formatting for in-text citations and references. Evidence and APA can help with this.

Competencies Measures*******

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria:

  • Competency 1: Compare financial management strategies for for-profit, nonprofit, and government human service organizations.
    • Describe the type of human services organization to be established.
    • Compare the key differences among types of organizations (for-profit, nonprofit, and government).
    • Describe what is unique about each type of human service organization (nonprofit, for-profit, and government).
  • Competency 3: Analyze the financial operations of human service organizations.
    • Explain the steps (sequentially) for starting a business.
  • Competency 5: Describe opportunities to develop and secure capital and financial resources.
    • Evaluate funding sources for a human services organization.
  • Competency 7: Communicate an organization’s financial position appropriately to boards, stakeholders, and the community.
    • Apply APA style and formatting to scholarly writing.
    • Convey purpose in a well-organized text, incorporating appropriate evidence and tone in grammatically sound sentences.

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