ABOUT THE FINANCIAL CLINIC
The goal of the Financial Center is to drive personal and community transformation through financial empowerment.
The Financial Clinic services enable clients to break through financial crises and gain control of their personal finances. The Clinic provides an opportunity to assist families with increasing their credit score, building wealth, prepare for homeownership, improve property values, prepare income taxes and overall improve their Financial health.
The Financial Clinic achieves its goals through no cost services to individuals.
Client-centered, customized coaching enables clients to plan and manage their own financial future. Clients begin with an intake process to assess their needs, followed by case management. A course of action is created for each individual, which may include multiple services and referrals or a simple short-term solution. Financial Clinic staff build trusting relationships and help clients remove impediments to success, and achieve long and short-term goals. The Financial Coaches main focus often includes debt management which opens the door to increased net income, improved credit scores and other outcomes.
Monthly workshops provide educational opportunities by experts. Based on a clients’ personal goals and objectives, s/he an select from a wide variety of workshops which offer high-quality information from trusted sources. Workshop topics include Homebuying 101, Building Credit, Establishing Relationships with Financial Institutions, Money Matters (Budgeting), and other topics.
Referrals mitigate barriers to success and offer a wide range of high-value resources to clients. In addition to referrals to Riverworks Financial Navigator program, the Financial Clinic makes referrals for securing stable and affordable housing, opportunities for educational advancement, child support diligences, unpaid back taxes, AODA services, public benefits, and City/Grant funds.
Tax preparation through the VITA program, and now year-round tax support, helps clients save money. One of the new features of the Financial Clinic is year-round tax support for people who have received communication from the IRS and need additional advice and assistance. The VITA program has grown rapidly over the years and now serves nearly 600 people over a four-month period. Riverworks is pleased to now offer year-round assistance to those who need additional advice and support during the other eight months of the year due to garnished wages, seized accounts, or other issues.
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