Desktop Review

Description

A methodology to prioritize and identify the action steps to best support the mission-based and financial responsibilities of property portfolio management. This methodology does not require the direct involvement of active congregations who may reside on a property.

We created this in response to managers of faith-based property portfolios who face significant financial and operational challenges as congregations reach out for judicatory and denominational financial support. Annual operating expenses are outpacing tithes & offerings and traditional sources of income at the congregational level and at times at the judicatory level. This causes a reduction in cash reserves and stress on the investment portfolio to cover the financial shortfall. Current methodologies and policies are in need of updating to address these growing trends.

Outcomes

• Every parcel is classified by its Property Potential and Community Impact (four classifications): AA, BA, AB, BB.
• AA: High Property Potential, High Community Impact Potential classified properties are the top priority to unlock its sustainable income streams and ability to meet identified community needs.
• BA, AB, BB: These classifications may require investment in time and resources to unlock their full potential or are candidates for liquidation.

Who This is For

• Judicatories
• Denominations
• Property Portfolio Management

Timeframe

Approximately 2 months