Social Return on Investment Reports
Sidney Myer Haven (SMH), provided by Haven Home Safe, is an award-winning, unique program that offers stable, affordable housing and a wraparound support program for individuals experiencing homelessness or housing instability who are in crisis. Â
SMH first began operations in 2015 with 19 units for singles, couples and families to stay for a period of two years. Since we started, SMH has supported 82 adults and 43 children through the program.Â
In 2018, Haven Home Safe engaged Think Impact, an accredited organisation to help us measure and understand the impact and social return on investment (SROI) of the SMH program.
Between the years of 2015-2018, the SROI evaluation found that for every dollar invested in the Sidney Myer Haven program, between $10.24-$11.92 of social and economic value is created.
In 2023 our partners Think Impact undertook a second SROI evaluation covering 24-months of the program (2021–2022). This evaluation has found that for every dollar invested, between $12.13 and $13.11 ($12.99) of social and economic value is experienced, a 20 per cent increase in the value of outcomes since the 2018 assessment. Â
The details of these assessments and outcomes are explored in detail through these reports.