Priority Value Investments, Inc. | Application Preview
Priority Value Investments, Inc. is a non-profit real estate corporation dedicated to revitalizing struggling urban and rural communities by acquiring tax-ridden or abandoned properties. The organization rebuilds or refurbishes these homes to meet HUD standards and sells them to first and second-chance home buyers. They are particularly focused on creating community options for returning U.S. military veterans.
The funding requested will be utilized for several key initiatives, including repaying debt incurred during the economic shutdown, purchasing affordable properties, refurbishing them to meet HUD standards, and marketing and maintaining these properties. Additionally, part of the funds will be directed towards attracting new investors for future projects.
The organization's mission emphasizes community support and the promotion of home ownership. Their goal over the next five years is to provide homes for approximately 100 new homeowners while benefiting investors and donors through positive returns.
Priority Value Investments highlights several reasons for funding approval: tax deductions for donations, the positive implications of home donations, and IRAs providing charitable rollovers that allow seniors to donate tax-free. They emphasize their commitment to proper documentation for investors and maintaining strong relationships with donors.
In terms of competition, the organization views other nonprofits not as adversaries but as partners in community improvement. They acknowledge similar organizations such as Mercy Housing and Unity of Greater New Orleans while noting that their main competitive edge lies in their exclusive focus on Texas urban and rural communities and their commitment to serving veterans.
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General Information
Business Registration Number: 85-1467465
Location: Houston, TX, United States
Length of Operation: 1 Year
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
Please allow me to explain what we do as a Non-profit real estate corporation. We purchase (often tax ridden and abandoned) properties in struggling unban and rural communities. We rebuild or refurbish homes to HUD standards. Those homes are sold to 1st and 2nd chance home buyers. My co-founder is a Veteran strongly supports building Veteran Communities for those returning home from over seas as our first priority. We have a rent to own program available as well as a home repair program for those who prefer to stay in the community they call home. The funding Request amount above would allow us to: #1) Pay back some of the debt we have gained due to the economic shut down. #2) Purchase affordable properties #3 Refurbish those properties to HUD standards #4) Market, sale and or maintain those properties and services. #5) Funds to gain new investors for future Non-profit projects.
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Business Plan
Our Mission Statement: Working together to rebuild the confidence of home ownership, community and tomorrow. Our overall objective is to do the right thing. We want to always do our best to live up to our word, respect and support our communities in need, our investors/donors and our Mission. In about 5 years we would like to have provided homes for about 100 new home owners. Thriving communities for U.S. Military Service men and women. Beneficial investment returns for our financial investors and donors. Priority Value Investments, Inc. A Non-Profit Real Estate Corporation • Tax deductions for donating fund, services, and/or property. • The positive impact of home donations. As a donor, you generally receive a tax deduction equal; to the fair market value of the property and that deduction may be carried forward for five years. You also avoid paying the capital gains tax that would otherwise accrue because of the sale of the property. • The IRA Charitable rollover offers tax benefits for those that qualify. The IRA charitable allows individuals who are 70 and one half years old to donate up to $100,000 to charitable organizations directly from their IRA, without that donation being counted as taxable income when it is withdrawn. To qualify, contribution organizations must come from a traditional IRA or Roth IRA, and they must be made directly to a qualified organization such as Priority Value Investments, Inc. Additionally, the donor may not receive goods or services in exchange for the donation, and they must retain a receipt from each charity to which a donation is made. • Investors must always maintain proper documentation of their contributions. We will always do our best to help in any situation. • Investors must be entitled to a tax break when you will give your money as a GIFT to a Non-Profit Organization. At the end of the year you get the receipt from the charity, you can keep it with the other tax documents and your tax amount will be deducted. If you are in the 15% tax bracket, donating $100 will allow you to save 15% of the tax. In this way instead of giving your hard-earned money to the government, you can use it in a better way.
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Self Identified Competition
Well, we never see anyone as a competitor. Our objective to learn as much as we can from as many as possible. Together we are so much stronger. Mercy Housing (Atlanta) - www.mercyhousing.org Unity of Greater New Orleans - www.unitygno.org Nazareth Housing (NYC) - www.nazarethhousingnyc.org My fellow community servers mentioned above do not service the Texas urban and rural communities we service. Also, the greatest difference is that we we focus on providing much needed home ownership opportunities for the Veterans Community.
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Contact Applicant
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