Our goal is to purchase a building in the price range of $600,000 preferably in the Oranges vicinity. By March 31st, 2012, our plan is to raise $210, 800 which will be necessary to buy the building and maintain it for the first 6 months without running short of budget. The table to the right shows the breakdown of figures needed to accomplish our plan.
We felt that it is time for our church to acquire a church building in Essex county of New Jersey in the near future. Our building committee was engaged in studying what it takes to own one. After months of effort was put it, they came up with the following plan.
The GIVING THERMOMETER is rising! Let's continue to build up the momentum!

DESCRIPTION
|
AMOUNT |
|
Property Value |
600,000 |
| Down Payment (20%) |
120,000 |
| Renovation | 50,000 |
| Closing (2% of the Value) |
12,000 |
| Fees, Permits, etc. |
3,000 |
| 6 Months Mortgage |
18,000 |
| 6 Months Building Exp. |
9,600 |
| TOTAL |
210, 800 |