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The Next wave in Housing
The Next wave in Housing
August 2022 Newsletter
August 2022 Newsletter
Greetings,
Greetings,
I hope you are enjoying your summer.
I hope you are enjoying your summer.
I appreciate all the new comers. Please pass this on to as many people as you think may be interested. Even if you don’t have time now to help, having a large group of people on the newsletter is a great first step. I am terrible at outreach! We have only 14 so far.
I appreciate all the new comers. Please pass this on to as many people as you think may be interested. Even if you don’t have time now to help, having a large group of people on the newsletter is a great first step. I am terrible at outreach! We have only 14 so far.
This is an interesting project that I started. I ask myself all the time why am I doing this. It seems like an impossible task, but I have not decided to call it quits yet. I am learning a lot, and hope to learn more. After looking over many nonprofit websites to find a fiscal sponsor, I realized that I, and I expect you, cannot wait 20-30 years to establish a nonprofit with a long record to get funding for this project.
This is an interesting project that I started. I ask myself all the time why am I doing this. It seems like an impossible task, but I have not decided to call it quits yet. I am learning a lot, and hope to learn more. After looking over many nonprofit websites to find a fiscal sponsor, I realized that I, and I expect you, cannot wait 20-30 years to establish a nonprofit with a long record to get funding for this project.
So my focus will be on unconventional methods to get it done. What does that mean? First off get a nonprofit established, preferably with 2 more board member to file for tax exempt status. In lieu of board members, I want to find a fiscal sponsor. From this I only want to be able to apply for small grants from foundations to pay for an architect to establish a price for the construction. Plus it will give us clout when talking to funders. Second we need a good plan. Look over this brochure that was given to the city of Kenmore by Plymouth Housing. Something similar to this would be a great start. I am sure anybody that would be interested in this project would like a detailed explanation of what we want to do. And lastly I would like to contact directly all the wealthy people in our area and present our ideas. It only takes one to be interested. I don’t think a foundation will give out 40 million to a nonprofit with a 1 year track record. But this will be only after there is a good solid plan.
So my focus will be on unconventional methods to get it done. What does that mean? First off get a nonprofit established, preferably with 2 more board member to file for tax exempt status. In lieu of board members, I want to find a fiscal sponsor. From this I only want to be able to apply for small grants from foundations to pay for an architect to establish a price for the construction. Plus it will give us clout when talking to funders. Second we need a good plan. Look over this brochure that was given to the city of Kenmore by Plymouth Housing. Something similar to this would be a great start. I am sure anybody that would be interested in this project would like a detailed explanation of what we want to do. And lastly I would like to contact directly all the wealthy people in our area and present our ideas. It only takes one to be interested. I don’t think a foundation will give out 40 million to a nonprofit with a 1 year track record. But this will be only after there is a good solid plan.
Any other ideas are appreciated. If you guys want to really do this then we, as a team need to get going. I need two board members. There is little responsibility and liabilities cover board members with state laws, unless they willfully steal. We could have meetings twice a year. And you can be a board member if you live out of state.
Any other ideas are appreciated. If you guys want to really do this then we, as a team need to get going. I need two board members. There is little responsibility and liabilities cover board members with state laws, unless they willfully steal. We could have meetings twice a year. And you can be a board member if you live out of state.
This past month I have filed the Article of Incorporation with the state SOS. It takes about 2 months. I have not heard back from them, but they did cash my check. I also filed and received an EIN number from the IRS. I need this to file for charity status with the state. All of these documents will be posted on the website. I am almost done with the bylaws for the Nonprofit. The articles of incorporation and bylaws can be amended or changed at any time. It takes about 3-4 months to get IRS tax exempt status.
This past month I have filed the Article of Incorporation with the state SOS. It takes about 2 months. I have not heard back from them, but they did cash my check. I also filed and received an EIN number from the IRS. I need this to file for charity status with the state. All of these documents will be posted on the website. I am almost done with the bylaws for the Nonprofit. The articles of incorporation and bylaws can be amended or changed at any time. It takes about 3-4 months to get IRS tax exempt status.
This past month I checked out land to see cost; here are a few:
This past month I checked out land to see cost; here are a few:
- 20810 Hwy 99 - Seattle Heights Lynnwood 1.7 Acres of Commercial Land Offered at $5,900,000 in Lynnwood, WA This is not big enough, but it is right on HWY99, but it is probably zoned for multi-purpose.
5.82 Acres of Commercial Land Offered at $2,100,000 in Lynnwood, WA I called on this earlier, they said 35% is not usable. But great area, except it is right next to the freeway.
5.82 Acres of Commercial Land Offered at $2,100,000 in Lynnwood, WA I called on this earlier, they said 35% is not usable. But great area, except it is right next to the freeway.
Once we get a tax exemption status, either from a fiscal sponsor or our own, nothing is stopping us from contacting these owners directly and ask if they would like to donate their land in exchange for a tax break or maybe they have a family member that would like to live in our community. We need to make sure that the land we acquire is mixed use or an Urban Center zoned. My only problem may come if somebody does want to donate land, then what? Would the nonprofit have to come up with funds to pay for the closing cost??
Once we get a tax exemption status, either from a fiscal sponsor or our own, nothing is stopping us from contacting these owners directly and ask if they would like to donate their land in exchange for a tax break or maybe they have a family member that would like to live in our community. We need to make sure that the land we acquire is mixed use or an Urban Center zoned. My only problem may come if somebody does want to donate land, then what? Would the nonprofit have to come up with funds to pay for the closing cost??
I found the below building being built in Kenmore:
I found the below building being built in Kenmore:
The City will be donating the City-owned property for the project and is partnering with A Regional Coalition for Housing (ARCH) whose Executive Board approved $3 million in ARCH Trust Fund dollars to this effort at its meeting on June 9, 2022. The estimated total project cost is $37.5 million.
The City will be donating the City-owned property for the project and is partnering with A Regional Coalition for Housing (ARCH) whose Executive Board approved $3 million in ARCH Trust Fund dollars to this effort at its meeting on June 9, 2022. The estimated total project cost is $37.5 million.
I also reworked the front and next page of the website to define more as to what we are looking for in a community. I want to come up with a good brochure that will express what we want to do.
I also reworked the front and next page of the website to define more as to what we are looking for in a community. I want to come up with a good brochure that will express what we want to do.
I add content all the time to the website when needed. If you want to help, most of the pages on the websites have instruction on what to do research on. Send me what you found, I will post it. Or if you have any other ideas I would like to hear them.
I add content all the time to the website when needed. If you want to help, most of the pages on the websites have instruction on what to do research on. Send me what you found, I will post it. Or if you have any other ideas I would like to hear them.
These are the fiscal sponsors that I have come up with so far: Community Homes, Partners4houisng, Alpha Supportive Living, Bellwether, Housing Hopes, Life Enrichment Options, Plymouth Housing Group and YWCA. Only a few of these are specializing in housing for the disabled, but they all do housing. Once I get the Articles of Incorporation I will look at these and more in depth. Any Ideas or opinions are welcome?
These are the fiscal sponsors that I have come up with so far: Community Homes, Partners4houisng, Alpha Supportive Living, Bellwether, Housing Hopes, Life Enrichment Options, Plymouth Housing Group and YWCA. Only a few of these are specializing in housing for the disabled, but they all do housing. Once I get the Articles of Incorporation I will look at these and more in depth. Any Ideas or opinions are welcome?
Aquarium allows caregivers in for free: Please purchase a ticket for your daughter only. When you check in, let us know you are her caregiver, no need for documentation to be admitted.
Aquarium allows caregivers in for free: Please purchase a ticket for your daughter only. When you check in, let us know you are her caregiver, no need for documentation to be admitted.
Have a great SUMMER!!!
Have a great SUMMER!!!
Denis McFadden
Denis McFadden
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