BALANCE OF ASSETS OF SOCIAL WELFARE HOME DURING THE CRISIS PERIOD (2007-2015)

This paper focuses on the capital balance of Social Welfare Home (SWH) as social cooperative form in Italy through the analysis of some capital ratios in the last decade. The study wants to assess three relevant issues: RQ1: What is the demographic trend in the world and in Italy? RQ2: What was the trend of the most relevant capital ratios during the international economic crisis connected to the social welfare home as social cooperative form? RQ3: What are the possible connections between the demographic trend and the capital balance of a social welfare home? The social welfare services for elderly are relevant non just for the future of Italy but for all the world countries, taking into account the aging population and the migration phenomenon; the durability of SWH depends on their cost effectiveness that is relevant to ensure a stable social condition for many countries. The sector appears to be relatively undercapitalized with a substantial presence of indebtedness. However, this negative judgment is attenuated considering that risk capital appears quite adequate compared to tangible fixed assets. The treasury situation is not worrying. There are no significant correlations with the trend of the international economic crisis: it seems that the sector has not been affected, at least in the balance of assets, of the problems that have affected so many States.