StreetCred

By Hannah Lambalot | Categories: | Comments Off on StreetCred

StreetCred was founded in 2015 after recognizing the need for doctors to address poverty as a disease, not simply just a social problem. For many families, income tax preparation is a challenge as they try to navigate a complicated system. As a result, they often do not receive the tax benefits they are entitled. StreetCred is an innovative program established at Boston Medical Center (BMC) which offers free tax services to families receiving pediatric care at BMC, who are eligible to receive the Earned Income Tax Credit (EITC) and Child Tax Credit. This service functions as a solution to the financial burden a significant portion of BMC patients face from living with annual incomes below the federal poverty level.

BMC disproportionally serves individuals who are low-income or under-or un-insured.  Fifty-four percent of BMC families with children live below the federal poverty level. StreetCred aims to transform families’ wealth and health in a setting they frequent and trust, their pediatrician’s office. During visits, doctors prescribe StreetCred, offering free tax preparation to ensure families receive the Earned Income Tax Credit, the largest, but underutilized, U.S. anti-poverty program. The hospital provides the space, and partners with community tax partners, under the umbrella of the IRS, that provide expertise in tax preparation.

BMC engages with a number of partners, including Yale New Haven Hospital, South End Community Health Center, CAHS, Foundation Communities, Boston Tax Help Coalition, Boston Medical Center, Boston Healthcare for the Homeless Program, Boston Children’s Hospital, People’s Community Clinic, New York Health and Hospital (Gotham Health), Grow Brooklyn, American Academy of Pediatrics, Blue Hills Banks, DCU, Chris Gordon, Santander, BlackRock, The Paul Phyllis Fireman Charitable Foundation, The Claneil Foundation. These partners work with BMC to provide volunteers, financial programming, grants, technical support, marketing, and client engagement.

StreetCred scaled rapidly and effectively with $5.3 million returned to 2,700 families. In addition, families and staff report 96% acceptability rates.