Transitional Housing of Pittsburgh
Transitional Housing was founded as a Pittsburgh, PA based not for profit 501(c)(3) organization. Upon the Board of Trustees’ final approval, Amy Rand will be the Executive Director. The nonprofit will serve female clients in need of transitional housing and life skills training.
The goal of the organization is to provide interim housing and skill training so that clients become empowered, independent individuals. Transitional Housing’s services are unique in their female-only clientele, long-duration transitional housing, and comprehensive empowerment program. Transitional Housing will make a significant impact on the Pittsburgh community, in both short-term relief, and long-term skill development and empowerment.
Real property will take the form of the old Motel 6 building located in downtown Pittsburgh. This building has been identified as an ideal facility for Transitional Housing. The asking price for the building is $2 million with $100,000 down. The building will need some renovation, primarily fixing up the 65 different rooms. A donor has approached us willing to buy the building, with the intent of leasing it back to Transitional Housing long term, for the organization’s use.
2.1 Start-up Summary
Transitional Housing will require the following real property and equipment for the start-up phase.
- Assorted furniture, furnishings, and appliances for the different rooms.
- Seven desk/chairs, computers, and additional accessories.
- A computer server, two laser printers, broadband Internet connection.
- Fax machine and copier.
- Several file cabinets and shelving units.
- Paper shredder.
|Total Start-up Expenses||$4,000|
|Other Current Assets||$23,000|
|Start-up Expenses to Fund||$4,000|
|Start-up Assets to Fund||$41,000|
|Total Funding Required||$45,000|
|Non-cash Assets from Start-up||$23,000|
|Cash Requirements from Start-up||$18,000|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$18,000|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$45,000|
|Loss at Start-up (Start-up Expenses)||($4,000)|
|Total Capital and Liabilities||$41,000|
2.2 Legal Entity
Transitional Housing has been formed as a 501(c)(3) not for profit entity. The purpose of this organization is to offer women transitional housing as well as teach skills that allow these women to become self-sufficient, independent, and drug and alcohol free. Additionally Transitional Housing will, when applicable, assist women who attempt to gain custody of their children.
Funds for the organization will come from many sources including: silent auctions and other in house fund raising efforts, local government funds, foundation grants, corporate and individual donations, and money from the federal government. Amy Rand has in-depth experience with fundraising as well as grant writing and this will be instrumental in Transitional Housing’s search for funding.