Communally

40 million people live in poverty—our technology seeks to move them from Crisis to Choice® in life

Philadelphia, Pennsylvania

United States

communally.tech

About Communally

The mission of Communally is to assist low- and moderate-income individuals and families to move from the Crisis of poverty to being able to make real Choices in their lives, in other words, to end poverty. To achieve this, Communally combines innovative technology, public policy expertise, and community outreach to deliver uniquely successful web-based services, The Benefit Bank® (TBB) and MyBudgetCoach® (MyBC).

Communally recognizes that a vital component to ending poverty is building vibrant communities. For this reason, the company has taken a leadership role in the sustainable business community of the Philadelphia region. Communally holds a broad view of what it means to be sustainable that encompasses the economic needs of low-income urban and rural communities, the equitable capital requirements of social impact companies, the recognition that workers must balance effort with replenishment to avoid burn out, as well as environmental stewardship.

The effectiveness of its services in the communities in which they are utilized is constantly measured by Communally to demonstrate their impact. TBB is revolutionizing how low- and moderate-income Americans can access work and income supports including tax credits and refunds, student financial aid, and benefits such as food, medical, cash, heating, and disability assistance. It is the only online service that offers benefits eligibility screening, benefits application filing and IRS-certified tax assistance and filing service on a single streamlined platform.

TBB, tailored to the needs of each state’s residents, is used in over 6,000 community-based and social service agencies, community colleges and hospitals. By July 2017, TBB had assisted over 1 million household members across 10 states obtain an estimated $2.5 billion in benefits and supports. In active TBB states, it is estimated that the return on investment for every $1 invested in TBB technology, operations and community outreach is up to $43 for benefits and supports received by individuals.

The MyBC financial coaching platform helps low- and moderate-income families improve their overall financial health by giving them the tools, knowledge, and skills necessary to make well-informed financial decisions.

MyBC is the only online financial coaching platform with an independent evaluation supporting its effectiveness conducted by the Center for Financial Security at the University of Wisconsin-Madison. It is used by over 100 non-profit and employer-based financial coaching and counseling organizations in the United States and South Africa to help families increase savings, decrease debt and achieve financial goals while working with a trained financial coach. The MyBC platform has been proven to be successful at improving the financial health of low- and moderate-income individuals. In the University of Wisconsin-Madison study, collectively the 300 participants saved almost $125,000 and paid down over $75,000 in personal debt.

The Change We Seek®

The mission of Communally is to assist low- and moderate-income individuals and families to move from the Crisis of poverty to being able to make real Choices in their lives, in other words, to end poverty. To achieve this, Communally combines innovative technology, public policy expertise, and community outreach to deliver uniquely successful web-based services, The Benefit Bank® (TBB) and MyBudgetCoach® (MyBC).

What makes us a better company?

B Impact Report

Certified since: 

January 2012
Summary:

Company Score

Median Score*

Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

10
7
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

30
18
Customers

Customers

The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).

51
N/A
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

20
17
Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

21
6
Overall B Score
131
55

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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Company Highlights: 

Governance: >75% of management evaluated yearly in writing on their performance; Publish annual report detailing mission-related performance; Work to develop social standards within industry

Workers: Cover >80% health insurance premiums for workers & their families; All workers paid at least 60% more than living wage; 20% of workers participated in external professional development and learning programming; >80% employee satisfaction/engagement

Community: Offer facilities for community gatherings; Give preference to local, sustainable & fair trade suppliers

Environment: Some facilities constructed to green building standards; All facilities located within 1/2 mile of public transportation; Office wide recycling program