This case focuses on the financial health of the Aspire, forty years of non-profit organization serving the needs of the mentally retarded. To meet the residential, educational and professional needs of its customers, Aspire has grown through the expansion of services and purchase of housing. As a nonprofit organization, Aspire must consider the financial implications and the organizational / mission concerns as it investigates the acquisition of the building and consolidation of management. The case allows students to explore the strengths and weaknesses of the financial situation of Aspire, a primary financial indicators that different types of creditors to consider, as well as financial and organizational costs and benefits to Aspire for different loans. Case profiles of several different types of financing options, including traditional bank loans, issuance of tax-exempt bonds, and the involvement of the community development financial institution. Students were asked to analyze and recommend a financing option for Aspire. The case is based on the work that the Foundation of Illinois Hall, Illinois community development financial institution, made with Aspire in 2000. "Hide
by Elizabeth Keating, Kelly Austin, Michel Colman Source: Kellogg School Management 36 pages. Publication Date: January 1, 2003. Prod. #: KEL448-PDF-ENG
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