Project
| ID | INDIGO-POJ-0272 |
|---|---|
| Impact Bond Name - (Value) | COMPASS Social Impact Bond |
| Stage of Development - (Value) | Implementation |
| Stage of Development - (Source ID's) | source1 |
| Social Investment Prototype - (Value) | NO |
| Dates - Date outcomes contract signed - (Value) | 2018-02 |
| Dates - Anticipated completion date - (Value) | 2025-09 |
| Dates - Start date of service provision - (Value) | 2018-10 |
| Dates - Anticipated end date of service provision - (Value) | 2023-09 |
| Dates - (Source ID's) | source1 |
| Jurisdiction - Jurisdiction - (Value) | AU |
| Jurisdiction - (Source ID's) | source1 |
| Overall project finance - Total investment commitment - Currency - (Value) | AUD |
| Overall project finance - Total investment commitment - Amount - Max - (Value) | 14200000 |
| Overall project finance - Total investment commitment - Amount USD - Max - (Value) | 10676691.72932331 |
| Overall project finance - (Source ID's) | source1 |
| Purpose and classifications - Social challenge - (Value) | Young people leaving care are more likely to be homeless, unemployed, suffer mental health concerns or be involved in the criminal justice system, compared to other young people |
| Purpose and classifications - Intervention - (Value) | COMPASS helps young people successfully transition from Out of Home Care (OOHC) and set them on a positive path to independence. |
| Purpose and classifications - Policy sector - (Value) | Child and family welfare |
| Purpose and classifications - (Source ID's) | source1,source2 |
| Service and beneficiaries - Target population - (Value) | 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 |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 202 |
| Service and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service and beneficiaries - (Source ID's) | source1,source2 |
| Delivery Locations 1: Service Provision ID - (Value) | deliverylocation1 |
| Delivery Locations 1: Location - Name - (Value) | West Melbourne, Brimbank |
| Delivery Locations 1: Location - Country - (Value) | AU |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | -37.749997 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 144.7999968 |
| Delivery Locations 2: Service Provision ID - (Value) | deliverylocation2 |
| Delivery Locations 2: Location - Name - (Value) | West Melbourne, Melton |
| Delivery Locations 2: Location - Country - (Value) | AU |
| Delivery Locations 2: Lat/Lng - Lat - (Value) | -37.683334 |
| Delivery Locations 2: Lat/Lng - Lng - (Value) | 144.583328 |
| Delivery Locations 3: Service Provision ID - (Value) | deliverylocation3 |
| Delivery Locations 3: Location - Name - (Value) | Bendigo, Loddon |
| Delivery Locations 3: Location - Country - (Value) | AU |
| Delivery Locations 3: Lat/Lng - Lat - (Value) | -36.757786 |
| Delivery Locations 3: Lat/Lng - Lng - (Value) | 144.278702 |
| Delivery Locations 4: Service Provision ID - (Value) | deliverylocation4 |
| Delivery Locations 4: Location - Name - (Value) | North East, Darebin |
| Delivery Locations 4: Location - Country - (Value) | AU |
| Delivery Locations 4: Lat/Lng - Lat - (Value) | -37.7333 |
| Delivery Locations 4: Lat/Lng - Lng - (Value) | 145.017 |
| Delivery Locations 5: Service Provision ID - (Value) | deliverylocation5 |
| Delivery Locations 5: Location - Name - (Value) | North East, Whittlesea |
| Delivery Locations 5: Location - Country - (Value) | AU |
| Delivery Locations 5: Lat/Lng - Lat - (Value) | -37.648502 |
| Delivery Locations 5: Lat/Lng - Lng - (Value) | 145.025834 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | COMPASS Information Memorandum |
| Sources 1: Type - (Value) | Report |
| Sources 1: URL - (Value) | http://compassleavingcare.org.au/wp-content/uploads/2020/06/COMPASS-Information-Memo.pdf |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Services - COMPASS - Social Impact Bond |
| Sources 2: Type - (Value) | Website |
| Sources 2: URL - (Value) | https://vincentcare.org.au/our-services/compass-social-impact-bond/ |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | COMPASS leaving care |
| Sources 3: Type - (Value) | Website |
| Sources 3: URL - (Value) | https://compassleavingcare.org.au/ |
| Service Provisions 1: Id | serviceprovider1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-1427 |
| Service Provisions 2: Id | serviceprovider2 |
| Service Provisions 2: Organisation ID - (Value) | INDIGO-ORG-1428 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0920 |
| Outcome Payment Commitments 1: Organisation Role Category - (Value) | Government/Public Sector/Public Bank |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-1427 |
| Investments 1: Investment Commitment - Currency - (Value) | AUD |
| Investments 1: Investment Commitment - Amount - Max - (Value) | 500000 |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-1428 |
| Investments 2: Investment Commitment - Currency - (Value) | AUD |
| Investments 2: Investment Commitment - Amount - Max - (Value) | 500000 |
| Investments 3: Id | investment3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-1429 |
| Investments 3: Investment Commitment - Currency - (Value) | AUD |
| Investments 3: Investment Commitment - Amount - Max - (Value) | 13200000 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-1430 |
| Intermediary services 1: Organisation Role Category - (Value) | Other |
| Intermediary services 1: Other Role Description - (Value) | Capital raise, loan arranger, subcontracting of service provider |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | 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 |
| Outcome Metrics 1: Policy sector - (Value) | Homelessness |
| Outcome Metrics 1: Primary SDG goal - (Value) | 11 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | 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 |
| Outcome Metrics 2: Policy sector - (Value) | Health |
| Outcome Metrics 2: Primary SDG goal - (Value) | 3 |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | Convictions for offences are reduced - defined by a reduction in conviction rates amongst COMPASS Participants, as measured by State justice data |
| Outcome Metrics 3: Policy sector - (Value) | Criminal justice |
| Outcome Metrics 3: Primary SDG goal - (Value) | 16 |
| Documents 1: Title - (Value) | COMPASS Information Memorandum |
| Documents 1: URL - (Value) | https://golab.bsg.ox.ac.uk/documents/COMPASS-Information-Memo-May-2018.pdf |