What is Tradition?
Tradition One Recovery Home is a nonprofit entity founded in 1971, dedicated to the rehabilitation of adult men overcoming alcoholism and drug addictions. The organization provides comprehensive residential treatment services, encompassing individual and group counseling, case management, and health referrals. A primary focus is placed on assisting homeless individuals and those with felony backgrounds, integrating them into a supportive community environment that emphasizes peer involvement and resident participation in daily activities and decision-making. Tradition One strives to offer accessible recovery solutions, particularly for individuals facing financial barriers or requiring assistance with MediCal coverage.
How much funding has Tradition raised?
Tradition has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Tradition?
The recent major strategic investment, within the context of large-scale late-stage funding, suggests Tradition is poised for significant expansion or enhancement of its rehabilitation services. This capital infusion is likely to bolster its capacity to serve a greater number of individuals, potentially expanding its reach to more vulnerable populations or improving the scope and quality of its therapeutic programs. The organization's long history and focus on holistic recovery, including community support and peer involvement, position it well to leverage this financing for sustainable growth and impact in the addiction treatment landscape.
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