What is Abode Services?
Established in 1989, Abode Services is dedicated to ending homelessness by assisting low-income, un-housed individuals and families in Alameda County, California, to secure stable, supportive housing. The organization advocates for systemic change to address the root causes of homelessness. Abode Services operates eleven housing programs, including emergency shelters, rental subsidies, transitional housing, and permanent supportive housing. These programs are complemented by comprehensive support services such as intensive case management, job counseling, life skills training, financial literacy, parenting classes, children's programs, benefits acquisition, and access to primary and mental health care, alongside substance recovery counseling.
How much funding has Abode Services raised?
Abode Services has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
What's next for Abode Services?
The recent major strategic investment positions Abode Services for significant growth and enhanced impact. This capital infusion is expected to bolster the organization's capacity to expand its housing programs and support services, potentially reaching more individuals and families in need. The focus on enterprise-level funding suggests a strategic initiative to scale operations, possibly through new program development, increased outreach, or partnerships aimed at creating more permanent housing solutions and addressing the complex factors contributing to homelessness in Alameda County.
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