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Let’s Get Fiscal



                                  Pam Dorr
Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
alabama | hale | greensboro



                                       Pam Dorr
     Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
hero’s old fiscal model
• 90% federal grants
• 10% private funds and fee generation

hero’s new fiscal model
• 5% federal grants
• 95% other income

                                       Pam Dorr
     Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
Traditional strategies
    for fiscal responsibility
• fundraising
• resource development
• fiscal readiness




                                       Pam Dorr
     Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
strategies for fiscal responsibility
• fee for service   $961,300
• expense reduction $435,996
• income generation $350,000
           total   $1,747,296




                                        Pam Dorr
      Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
fee for service
•   small business inc                                  $186,000
•   development fees                                    $220,000
•   admin for repair                                    $299,200
•   admin services                                      $ 62,500
             total                                      $961,300


                                         Pam Dorr
       Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
expense reduction
      income generation
• volunteer labor                                                $220,960
• subsidized labor                                               $215,336
• hud fha cert non-profit                                        $350,000
           total                                                 $786,296


                                        Pam Dorr
      Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
$220,960 volunteer labor
•   $89,600 – nat. civilian comm. corps
•   $30,000 - americorps VISTA
•   $79,600 – prison work release
•   $99,840 – community service hours
•   $ 5,120 – college service learning
•   $ 6,400 – faith-based community


                                         Pam Dorr
       Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
$215,336.60 labor subsidy
• $83,241 – subsidized employ progr
            employs 6 disabled individ.
• $71,775 – senior employment program
            employs 5 seniors
• $60,320 – temp aid for needy families,
            community employment
            program, employs 4 tanf
            recipients
                                          Pam Dorr
        Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
$350,000 hud cert non-profit
as a hud fha certified non-profit,
foreclosures cost $1, rehab’d with green
technology and sold to low income
families. 10 homes x $35,000

Note: Be sure to list at full price and offer down payment
assistance to keep comp market strong for appraisals.




                                          Pam Dorr
        Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
expense reduction
      income generation
• volunteer labor                                                $220,960
• subsidized labor                                               $215,336
• hud fha cert non-profit                                        $350,000
           total                                                 $786,296


                                        Pam Dorr
      Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
info@herohousing.org



                                   Pam Dorr
 Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)

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C7 let's get fiscal pam dorr - hero

  • 1. Let’s Get Fiscal Pam Dorr Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
  • 2. alabama | hale | greensboro Pam Dorr Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
  • 3. hero’s old fiscal model • 90% federal grants • 10% private funds and fee generation hero’s new fiscal model • 5% federal grants • 95% other income Pam Dorr Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
  • 4. Traditional strategies for fiscal responsibility • fundraising • resource development • fiscal readiness Pam Dorr Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
  • 5. strategies for fiscal responsibility • fee for service $961,300 • expense reduction $435,996 • income generation $350,000 total $1,747,296 Pam Dorr Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
  • 6. fee for service • small business inc $186,000 • development fees $220,000 • admin for repair $299,200 • admin services $ 62,500 total $961,300 Pam Dorr Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
  • 7. expense reduction income generation • volunteer labor $220,960 • subsidized labor $215,336 • hud fha cert non-profit $350,000 total $786,296 Pam Dorr Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
  • 8. $220,960 volunteer labor • $89,600 – nat. civilian comm. corps • $30,000 - americorps VISTA • $79,600 – prison work release • $99,840 – community service hours • $ 5,120 – college service learning • $ 6,400 – faith-based community Pam Dorr Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19. $215,336.60 labor subsidy • $83,241 – subsidized employ progr employs 6 disabled individ. • $71,775 – senior employment program employs 5 seniors • $60,320 – temp aid for needy families, community employment program, employs 4 tanf recipients Pam Dorr Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26. $350,000 hud cert non-profit as a hud fha certified non-profit, foreclosures cost $1, rehab’d with green technology and sold to low income families. 10 homes x $35,000 Note: Be sure to list at full price and offer down payment assistance to keep comp market strong for appraisals. Pam Dorr Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
  • 27.
  • 28.
  • 29.
  • 30.
  • 31.
  • 32.
  • 33.
  • 34.
  • 35.
  • 36. expense reduction income generation • volunteer labor $220,960 • subsidized labor $215,336 • hud fha cert non-profit $350,000 total $786,296 Pam Dorr Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)
  • 37. info@herohousing.org Pam Dorr Executive Director, HERO (Hale Empowerment & Revitalization Organization, Inc.)