Founder Richard E. Schaden
The initiative of the Schaden Family Foundation is to end poverty and homelessness throughout the world, and as part of that mission, founder Richard E. Schaden created the America’s Road Home foundation in an effort to concentrate on homelessness in the United States. The organization donated $500,000 of the $1.5 million given to Mercy Housing in Colorado toward the Aromor apartments, a 66-unit supportive housing property for adults who were formerly homeless.
The Aromar Apartments are part of Denver’s Road Home, which is a ten year plan to end homelessness, and offers affordable homes to low- and moderate-income individuals who are at risk of becoming homeless, or who demonstrate chronic homelessness. Originally built in 1927, the building was an extended-stay hotel for legislators who worked at the nearby state capital. Residents pay no more than 30 percent of their monthly income, with a minimum rent of $25, and services including case management, substance abuse or mental health counseling, as well as a computer lab are available.
The funds donated by the Schaden Family Foundation enabled volunteers to dress apartments for incoming residents. Shower curtains were hung, beds made, kitchen and bathroom supplies provided for the residents who would have been unable to do so on their own based on their homeless status. Even the hallways and common areas of the building benefitted from the grant from the Schaden Family Foundation, making the building seem more like a home. These small touches were planned in order to give the residents a fresh start.
About Rick Schaden
Rick Schaden is the founder of both Consumer Capital Partners, an investment group, as well as the USA Pro Cycling Challenge. Consumer Capital Partners is well-known for trying out new ideas, often with tremendous success. The firm launched Quiznos, Smashburger and Urban 24, and recently opened the first Honest Pizza franchise in Denver. Smashburger, although not the first “better burger” restaurant, was the fastest growing, while Quiznos was the first to offer toasted sandwiches. Honest Pizza offers fresh, 10-inch pizza from an 800-degree oven in two minutes. Schaden works tirelessly toward philanthropic endeavors. In addition to creating America’s Road Home, Schaden supports Millennium Promise, CARE and UNICEF, working to end homelessness. He also supports organizations such as Smart-Girl, which partners with schools to engage girls in activities that develop social economic skills, and Kent Denver, a private day school for underprivileged children.
Rick Schaden and the Schaden Family Foundation, see that ending poverty and homelessness throughout the country benefits everyone, as those individuals often need nothing more than a support and assistance to address the circumstances that have led them to become homeless. In many cases, mental health issues and substance abuse are at the root of homelessness, and by supporting agencies that not only provide a home for those less fortunate, but offer counseling services as well, the Schaden Family Foundation hopes to end the cycle of poverty and homelessness that exists in the United States. By providing a dressed, comfortable place to live at a cost they can afford, Schaden knows that those who are currently homeless can return to productive members of society.