We guarantee that all donations will be invested in real estate or improvements to real estate. The founders and board of directors are volunteering time and money for start up costs, fundraising costs, and ongoing administrative costs.
- The percentage of rental income allocated to administrative cost and management is between fifteen percent and twenty percent (15% – 20%) graded scale. The remaining rental income will be invested in real estate or improvements to real estate.
- CLDI Inc. Is to be a property owner and developer. We shall lease our properties to various operators but primarily to charter schools including day care schools. We shall also lease space to church groups and other community service groups.
- CLDI Inc. will operate on a cash basis with little or no financing. Any financing must be limited and only short-term swing financing. The financial model is cash.
- Because CLDL will have no debt service we will have the ability to be flexible on rents we charge. Accordingly, we can effectively select tenants who will best serve the community and our mission.
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