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Financial Plan

Land and Building Acquisition Projections

The following projections reflect the planned revenue and expenses for acquiring the land and purchasing or building 10 homes and the community center / administrative offices. A three-phased approach is planned. Phase I includes building of 4 homes and the Community Center / Administrative Offices. Phase II includes building 4 additional homes and Phase III includes building 2 homes.3

Projections4
  2002-2005 2006 2007
Revenue      
Current Funding $35,000    
Fund Raising      
    Grants — operating funds /
    program development
$265,000    
    Donations (land,
    labor & materials,
    cash for capital construction)
$2,700,000 $1,360,000 $680,000
Total $3,000,000 $1,360,000 $680,000
Expenditures      
Land — 5 acres @ $80,000 $400,000    
Architecture & Engineering $200,000    
Construction      
    4 homes5 $1,200,000 $1,200,000 $600,000
    Community Center /
    Admin Offices
$500,000    
    Infrastructure $200,000    
Furnishing6 $200,000 $160,000 $80,000
Initial Administrative Costs7 $300,000 See Operating
Budget
See Operating
Budget
Total $3,000,000 $1,360,000 $680,000

3Arizona will not build a separate Executive director home since the experience of SOS Villages in Florida and Illinois has been that Executive Directors do no live on site. Additionally, a separate guesthouse will not be included. Associate Patents (Aunts / Uncles) will be provided a room in each home for use while they are substituting for the Children's Village of Arizona parents.

4Estimates are 2002 constant dollars - no inflation factor has been added.

5Estimated at 2,500 square feet at $120 per square foot.

6Includes purchase / donation of a mini-van for each home and all home furnishings.

7Includes hiring a part-time development officer, interim office space, establishing the accounting methods and records, and hiring the Executive Director in 2004.

 


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