Priority Value Investments, Inc. | Application Preview
Priority Value Investments, Inc. is a non-profit real estate organization aiming to revitalize struggling urban and rural communities by purchasing and refurbishing abandoned properties. The homes are renovated to meet HUD standards and are offered to first and second chance home buyers, with particular emphasis on creating Veteran communities. The company has a rent-to-own program and a home repair initiative for residents wishing to stay in their neighborhoods.
The requested funding will be utilized to pay off debts incurred during the economic downturn, acquire affordable properties, refurbish them, market and sell these homes, and attract new investors for future projects. Over the next five years, the organization aims to assist around 100 new homeowners, especially Veterans, while providing beneficial returns for its financial backers.
The application highlights potential tax benefits for donors, including tax deductions for contributions, avoiding capital gains taxes on property sales, and IRA charitable rollover options. Moreover, the organization emphasizes support for investors regarding documentation and tax breaks associated with their contributions.
Priority Value Investments distinguishes itself by not viewing similar organizations as competitors, but rather as allies in a shared mission. Noting that other organizations do not serve the Texas urban and rural areas, the nonprofit believes its focus on home ownership for Veterans provides a competitive advantage.
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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: YES
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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
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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