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    WHAT HAPPENS WHEN GROWING CHURCHES PARTNER WITH US?

    WHAT HAPPENS WHEN GROWING CHURCHES PARTNER WITH US?

    Tremendous growth brought numerous potential vulnerabilities. A new church home was needed, but goals were either undefined or unrealistic.

    CBM Impact:

    • Implemented strong financial controls and processes
    • Established financial reporting for informed decisions
    • Right-sized a plan to find a church home
    • Revised bylaws to fit church size and ministry goals
    • Developed job description and search plan for an Executive Pastor

    After 15 years in a rented facility, there was almost no money saved for a permanent home and no plan for raising funds.

    CBM Impact:

    • Established parameters of a church home
    • Identified multiple ways to raise funds
    • Introduced an alternative form of ownership to quickly acquire a permanent church home
    • Mapped out a timely plan to refinance the acquisition to lower monthly payments
    • Provided the acquisition capital needed to obtain a permanent church home

    The business/accounting side of the church was understaffed and overwhelmed. No reliable accounting reports, improperly documented and unfunded retirement plans, unsecured debt, and unfavorable mortgage terms created a p precarious financial position.

    CBM Impact:

    • Overhauled accounting team and processes, providing timely and reliable financial reports to inform decisions
    • Corrected documentation for retirement plans
    • Established fully-funded retirement plans
    • Refinanced existing mortgage with hundreds of thousands of dollars in total savings
    • Completely paid off all outstanding lines of credit
    • Designed a mortgage retirement plan to be debt free by within 10 years