How to acquire and finance a building for your nonprofit
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- Опубликовано: 30 сен 2024
- For those of you who are curious about how a nonprofit can obtain a building, please see below.
There are a couple of strategies for acquiring a building.
1. Free - A donation from a donor
2. $1 Purchase - A $1 purchase from your city, town, municipality
3. Market Rate Purchase - Buying a building at market value
4. Owner Held Mortgage - Property purchased from a private owner who holds the mortgage for your org at favorable terms
5. Wholesaling Agreement - Purchasing properties unlisted and off market
6. Tax Lien Sales - Purchase of properties for the value of taxes owned
7. Short Sale Properties - Purchasing a property under value from a bank
8. Lease or Lease to Purchase - Renting a property or renting a property with the intent to purchase
How do you finance such purchases?
1. Contracts or fee for services
2. Grants (unrestricted grants or capacity grants)
3. Donations
4. Sponsorship dollars
5. Owner held mortgage
6. Traditional mortgage
7. Partnerships
8. Line of credit
While this information is not exhaustive, this does provide some insight into how to acquire a building.
My recommendation for anyone looking to do this is to evaluate why you want to purchase a building and to have a maintenance / sustainability plan - a plan for maintaining, keeping and affording the cost of the building - after purchase.
Most nonprofit focus on the acquiring the building but forget they have to cover the cost of owning real estate. To do all of that work to buy a building to later loose it due to taxes owed, debt owed, disrepair, utility shut off, etc. is a terrible loss for your nonprofit and the community you serve.
As a real estate investor, business owner, and nonprofit operator, I recommend all of you develop a fundraising plan so you can purchase a property you can afford and sustain. If you need help developing a fundraising plan, please schedule a consult with me to talk about the development of a fundraising plan for your nonprofit. You can schedule time to speak with me by clicking the link below.
nonprofitfundi...
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DR. WILLIAM CLARK is a fundraising strategist and leadership development and organizational impact specialist to nonprofits and churches.
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Hey brother, I want to thank you for this video as I just was approved for my 501(c)(3) nonprofit status for my program Linked Arms youth services in California and I’m thankful for people like you. Subscribed.
Hey, Did this channel help you entirely through the process? What resources helped you? Do you have any advice? Getting things done out of Missouri..
@@jasoncochran6623 it really just gave me ideas I didn’t consider
This is why started buying homes around their local upscale golf course and is renting them out to fundraiser event donors/golf players every year.
How can we get grants for start up Non-profit
Following
You figure it out yet?
Good information. Subscribed!
interested in donating 10 or more acres for a charter school
b
awesome video Dr. William Clark. I shattered that thumbs up on your video. Keep on up the good work.
How far does this go back?
My plan is to start a non profit property development company that creates dense affordable mixed use properties and sells/rents units at cost. Anyone have ideas on how I might best go about this? I’m having trouble finding resources when it hasn’t been done before to my knowledge.
Me to
You might want to look into starting a land bank. “Land banks are public authorities or non-profit organizations created to acquire, hold, manage, and sometimes redevelop property in order to return these properties to productive use to meet community goals, such as increasing affordable housing or stabilizing property values.”
There might already be one located in the municipality where you live, so check with your city, county, or even regional government. You can also just create a nonprofit to address your area. That’s what I am working on as well.
@@beautifulanjail thanks, I’ll see what I can turn up using that term.
3 minutes waisted of my life....I wonder if he ever started saying something?
Haha thanks you saved me from watching it
Thank you!!!
Property is why some of us have non profits
youre a boss! thankyou look forward to learning more!
Peace Bro I was wondering if I can interview u on my show
Hello I do my non-profit organization out of our home , but is getting to much from my home so I am looking for a building. From San Francisco Ca . Also I am try to connect my non-profit organization with human resources so I can hire my volunteers? Can you help me with information?
Good info. Thanks ...
Build the school
What’s the program where you can buy a 1 bedroom house (which I will use for a office)for my nonprofit and the government pays for it
Thank you
does partnership work for a church?
you can get property from credit unions and banks for free, they have properties that they need to get off of their hands because they have problems reselling them from repo..Maybe willing to give them to 501c3 non profits..
How?
Do you have an affiliate in Southern California?
Thank you for this!!!
What track record do you have, could you share it here?
Such a great video!!
How to join the academy
My bad I just heard it lol got too excited
Thank you so much for this!
Great video
Thank u
Great information.
What kind of grants? Should I look into
Thank you I’m glad I found your channel.
d good morning. I hope you're well. I have just started a community interest company in England Uk which will involve me helping people with mental health issues and we really need some funding so I can get my own office etc. Is there anyone that could help ? I was scammed earlier in the year on RUclips. Someone said they could help and promised a grant and just stole money off me. I would be grateful for genuine help. Thanks George