COMPASS Social Impact Bond
Aligned SDGs
- COMPASS Social Impact Bond
- General overview
- Location
- Involved organisations
- Outcome metrics
- Other resources
- Spreadsheet of data
- COMPASS Social Impact Bond
- General overview
- Location
- Involved organisations
- Outcome metrics
- Other resources
- Spreadsheet of data
General overview
Stage of development: Implementation
Policy sector: Child and family welfare
Date outcomes contract signed: Feb 2018
Start date of service provision: Oct 2018
Anticipated completion date: Sep 2025
Capital raised (minimum): AUD 0 (USD 0)
Service users: 202 individuals
Intervention
COMPASS helps young people successfully transition from Out of Home Care (OOHC) and set them on a positive path to independence.
Target population
Young people between the ages of 16.5-18.5 who are in: 1. Out of Home Care; 2. Foster care; 3. Kinship care; 4. Residential care; 5. Lead tenant; and 6. Youth Justice Facility whose statutory order expires within six months
Location
Country
- Australia
Service delivery locations
- West Melbourne, Brimbank
- West Melbourne, Melton
- Bendigo, Loddon
- North East, Darebin
- North East, Whittlesea
Involved organisations
Commissioners/outcome payers
Service Providers
Investors
Intermediary organisations
Outcome metrics
- Young person does not require emergency housing - defined by a reduction in the use of homelessness and emergency housing services, as measured by housing service data collected by the State
- Presentations at emergency departments are reduced - defined by a reduction in hospital emergency department presentations, as measured by State health data Presentations Presentations at emergency departments are reduced
- Convictions for offences are reduced - defined by a reduction in conviction rates amongst COMPASS Participants, as measured by State justice data
Other resources
Spreadsheet of data
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