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HomeMy WebLinkAboutInside Out FY24 A2A ResponsesOctober 7, 2022 FY24 Legacy Aid to Agencies HCDC Question and Answer (Q&A) Session Instructions The Q&A session provides an opportunity for commissioners to ask clarifying questions about the applications submitted through United Way. Please provide written responses to the questions attached. Written responses must be received by City staff no later than October 13, 2022 to be included in the October HCDC packet. Written responses can be directed to Brianna Thul at bthul@iowa-city.org or dropped off at City Hall (410 E Washington Street). Responses may also be mailed but must be received by the deadline to be included. Agencies are encouraged to attend the October 20, 2022 HCDC meeting, but should be aware that the purpose of the meeting is for HCDC to discuss the written answers submitted in advance. Agencies will not be asked to present their application. This adjustment is intended to gather the information required to accurately score submissions, while also promoting the effective use of time and resources for both agencies, and commissioners. Tentative Timeline September 15, 2022 Applications are due to United Way by 5pm. September 16, 2022 Staff will share the submissions with HCDC as soon as they are available from United Way – likely September 16, 2022. September 30, 2022 Staff will provide HCDC summary sheets with suggestions for questions (provides staff about 2 weeks to prepare). October 6, 2022 Written questions due to staff (provides HCDC about 3 weeks to review submissions). Questions should be relevant to the scoring criteria established in advance. October 7, 2022 Staff to compile and send questions from HCDC with written answers due October 13, 2022 (provides about 1 week for agencies to respond in writing). If HCDC does not have questions for an applicant, staff will inform the agency. October 14, 2022 HCDC packet posted with written responses from agencies (provides about 1 week for HCDC to review responses). October 20, 2022 HCDC Q&A Discussion Session. HCDC will discuss questions and answers for each agency. October 7, 2022 Agency: Inside Out Reentry Questions: 1. Is the $100,000 HTFJC grant listed twice? a. They are separate funds. Inside Out will receive a $100,000 grant/forgivable loan from HTFJC as well as a loan of $100,000. Both are towards the purchase of our Reentry House. 2. Can Inside Out justify the difference in funding requests for Coralville and Iowa City when the number of Coralville clients is virtually the same as the number served in Iowa City. a. IO applied for the same amount of funding from Iowa City that we received in the previous year. IO has yet to receive funding from the city of Coralville. To determine a relevant asking amount in this request, IO reached out to receive a list of the amounts that Coralville funded for organizations previously. We applied for an amount similar to how they funded other small nonprofit organizations. 3. Letter with financial statements is dated February 5, 2021. Are more recent financial statements or other records available? a. Due to our smaller organizational size, IO currently does not yet conduct an annual audit, however we have had two audits conducted at this time. We are currently in the process of completing our Form 990 for our last fiscal year. Included in a separate document is our Form 990 for fiscal year ending 7/31/21. 4. The request is over 20% of the agency’s total budget. What other funding sources are being explored by Inside Out? a. IO is consistently seeking additional funding sources and working to diversify our funding streams. In the past 6 months, IO has submitted applications to 8 new grantors. IO has also invested in building our fundraising capacity for the last two years with staff and volunteers.