CURRENT ACTIVITY OF DECEMBER 2012 AND PARTICIPANT REPORT TO THE BOARD OF DIRECTORS BY JOHN FOLGER, PRESIDENT
Over the last few months, I have been able to retain and build on my referral network to secure these possible components that can play a role in a new cohesive plan or offering. I will be reviewing the steps necessary to implement a revised business plan and to protect my own financial interests.
Robert Weiss –A Real Estate investment professional with private financing contacts that can offer access to hotels, motels and apartment buildings in the northeast. Bob has already agreed to contribute properties to our business plan, but we are not physically ready to handle property in New England. I have completed conference calls with Bob and owners of property and investors who can assist in the financing of transitional housing properties.
Sean Carpenter-Government Deal Funding, a professional government funding expert that uses his background and expertise to secure apartment building and other real property across the country. Sean and I are working to implement a national expert team to assist nonprofits with grants, CDC and other government funding. Sean is also developing immediate cash flow from referrals that I have provided. He and I are working on the refinance of 5 properties owned by nonprofits and the possible acquisition of others.
Joseph Dunhill, President of Valuation Econometrics in Boston, who specializes in the analysis of business enterprises on behalf of bankruptcy, debtors in possession and other circumstances requiring a third party business valuations. His valuations are used by major private equity funds. We are currently coordinating several financing and refinancing opportunities. He is also assisting us in a valuation of the ACYD business plan and Felony Franks. He is also working with Sean and I to assess the needs of several nonprofit opportunities.
Askia Aquil- Is the President of Community Housing Solutions of St. Petersburg, a local network and referral source for local opportunities. He referred to me the opportunity for Touched by an Angel Ministries.
Michelle Ligon-Is the advisor and consultant to Touched by Angel Ministries. She is a former bank executive and practicing attorney. Michelle is working with me to create refinancing opportunities with 3 separate properties as candidates to become transitional housing properties. She and I will also be coordinating with Sean Carpenter to open up more grant access, financing and consulting services to a broader network of local and regional nonprofits.
Jule’ Colvin-Is a Professional Grant writer and part of the New Beginnings referral team.
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Reverend Jeffery Polhill-President of Touched by an Angel Ministries, which currently controls 1 property housing 120 clients and has room to house up to 200. We are helping him to refinancing his current property and possibly add 2 more properties.
Pastor Don Bowman- who, through his ministry, has offered $1.7 million of mortgage guarantees to Pastor Polhill.
New Beginnings of Tampa-currently manages 200 clients and has expansion potential. They also have 3 thrift stores generating about $20k per month and have recently expanded into Largo. That are attempting, and we are trying to assist them, in becoming “grant ready” which has been a missed opportunity for them that has cost them millions of potential funding. We are also going to be seeking to purchase hotels to expand their transitional housing footprint. I meet with Pastor Tom Acheson on a regular basis and he is a solid referral for our services. We have some of his videos on our website.
Larry Harbolt- He runs a weekly real estate investment meeting in St. Petersburg. He is a nationally known speaker and trainer in the art of real estate investment. He and Peter Fortunato are probably 2 of the most respected men in their respective fields. I am working with him to develop an odd job and trucking service to put our box truck to work and as a means to employ clients.
Ricks European Connection- is an automotive recycling business that specializes in imported cars, mostly Mercedes, Audi and Porsche. The have a small yard with about 4 acres of cars. They also have a mechanical service business and body shop on premises. He is asking $350,000 for the business, without the land. They also have a large inventory of parts that have already been removed that could be sold with the assistance of an effective website and support. This is seen and an opportunity for cash flow and assets, as well as a vehicle to employ our clients. It is much easier to train people to dismantle cars instead of repairing them.
Felony Franks- I have been negotiating with the founders of Felony Franks to acquire the entire national marketing and franchise rights. This is a hot dog chain concept that was designed to employ ex-offenders and other individuals requiring a second chance.
