Income Producing Opportunities
Having someone else pay for your new building might sound too good to be true, but at Oaster, we have developed numerous strategies and opportunities to do just that. Here are just a few of the income producing opportunities (IPO’s) that ministries just like yours have utilized to cover the expense of new facilities:
Child Care
A typical Child Care operation, developed by OASTER and managed professionally by one of Brad’s ministry partners will generate $30,000 to $40,000 per month in positive cash flow. This “profit” is given to the church and can cover a substantial mortgage payment, plus utilities and insurance.
Adult Day Care
As the Baby Boomers continue to age, Adult Day Care is becoming a major industry in the United States. Services provided by adult daycare centers include helping clients eat and take medicine, providing exercise and therapy programs and preparing meals and snacks. Classes in arts and crafts and hobbies are often provided. Often the cost of adult daycare is covered by the seniors insurance. With as few as 30 clients, the adult daycare income can exceed the child care income!
Mini Storage
Oaster has developed mini storage operations located on church property and designed to generate substantial income for the church. Mini storage includes multiple sized units that are indoor, climate controlled and secure. In addition, covered outdoor storage for boats and RV’s is often made available.
Wedding And Event Center
Church facilities are perfect for corporate events such as business meetings, training seminars, and other events that can facilitate larger crowds. In addition, wedding ceremonies, reception dinners, and other events can be held in church facilities as long as the church takes them into consideration when designing the building.
There are many more IPO’s available for your ministry to consider when planning your new building. Oaster will work with your leadership team to determine which are right for you. And if you are concerned about your 501 (C3) status, or Unrelated Business Income, Oaster has that covered too!
