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Funding & Operating Expenses

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Funding

Preserve Vets Incorporated will apply for government grants, such as those provided by the American Recovery and Reinvestment Act, the National Coalitions for Homeless Veterans, and the Department of Veterans Affairs (VA).

 

Our funding will come from other nonprofits, faith-based and community organizations, and business and philanthropic sources, local, state and national. Funding will also come from the homeless themselves, as they contribute their own efforts and income toward building and maintaining the housing and infrastructure of the facility.  All of the initial pre-development costs, including the website, will come from donation or pledges.

Funding for Development and Operating Expenses:

Initial pre-development costs, including the corporate filing, has been donated.  Permit and impact fees and all legal expenses are pending donation.   Private donors and pledges will fund the website.

Following the determination by the I.R.S. regarding tax exempt status, a grant writer will be hired to begin the fund raising from various sources with additional potential income from the following sources:

  1. Non-government agencies.
  2. State and federal grants.
  3. Residence will contribute 30% of their income from disability for long term residence
  4. Social Security or work. “In-kind” donations will come from clients who help build or maintain Preserve Vets Facility.

 

Operating Expenses

The budget includes the salary of the C.E.O. and grant writer.

 

2019

Phase 1:

  • $125, 000 Property for central facility for Preserve Vet to accommodate 15 residence
  • $20,000 Furnishing for facility – Estimated cost
  • $3500 Annual Personal Property Insurance – Estimated cost
  • $15,000 Handicap accessible renovation 8’ x 16 rear porch – estimated costs

Operating costs begin once the first building is purchased and renovation begins.

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