Contact Us

Putting people before profit: Why we’re a Social Purpose Company

May 20, 2021

A Pallet employee works on a shelter.

A Pallet employee works on a shelter.

Classifying ourselves as a Social Purpose Company (SPC) is more than an official designation. It speaks to Pallet’s values and purpose. SPC is the Washington state equivalent to a B corporation. It means our team puts a social purpose above making a profit. We're on a twofold mission: build equal opportunity access to housing and employ a nontraditional workforce.

Our shelters are used to create transitional villages for people experiencing unsheltered homelessness. Wraparound case management provided by a local service provider helps them stabilize to move onto permanent housing successfully. It's a proven model assisting people in many cities, including Riverside, California, Tacoma, Washington, and Dallas, Texas.

We employ a nontraditional workforce to meet the goal of ending unsheltered homelessness. Many on our staff have lived experience with homelessness, substance use disorder, and incarceration. At Pallet, employees earn a living wage and receive benefits. From the beginning, our team has informed the design of the shelters and continues to suggest revisions where needed. We've created a supportive community where all can thrive and create the life they want. Employment is a critical component to a sustainable movement out of homelessness.

Becoming a SPC also ensured the investors who join us are mission-aligned. Pallet and the board of directors intentionally invest profits back into the people.

You may be wondering why we aren't a nonprofit. We recognized the scale needed to be successful required a market-based solution. So we brought on partners to front-load the resources required to rapidly meet the needs of the ever-growing homelessness crisis across the country. Doing so allowed us to buy materials, secure a factory, hire staff, and more. The stakeholders on this journey understand Pallet is a social enterprise with the mission being the driving force, not substantial returns on profits.

Further, being a SPC improves our resilience. Unlike a nonprofit, we aren't dependent upon charity and the economic climate. Because of this model, we can currently build 50 shelters a week. That means more people will have access to transitional housing and a path out of homelessness. At the same time, our manufacturing specialists can continue to have access to economic opportunity and stability.

At Pallet we believe a company can pursue profits and carry out a social purpose. The two don't need to be competing forces. We’re leading by example.

Pallet employee Josh thought the life he has today was out of reach
Los Angeles Opens Its First Shelter Village

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram