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The Frassati House—Determining Feasibility
We hope you are as excited about this beautiful and unique way to cultivate faith and community. Your support makes the Frassati House happen. The property is in the process of being purchased by a third party who will hold on to it during this feasibility phase. When we have enough support the third party will renovate and prepare the Frassati House and turn over the property and loan into Cor Unum’s name who will place the property into a Foundation.
Objectives of the Feasibility Study
Expenses
Crunching numbers on loan repayment, utilities, property maintenance, daily cleaning, insurance, and other related property expenses, we will have expenditures around $168k to $231k (if we have to pay interest on a loan) per year. For people interested in learning more about the breakdown of expenses, please reach out and we can discuss the details.
Income
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Residents—$66,000 a year from 10 residents paying $550 a month. It will take about a year to get this many residents.
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Sponsorships—Sponsors contributing anywhere from a few dollars to $25 per month is going to be essential to offset the growing intentional community, operate the Frassati House, and fund formation.