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33 <br /> F. -, h` C h r,,._,f t C n P" <br /> About the Profit and Loss Statement <br /> The first year of operation we are anticipating that the mitigation fund will supply <br /> approximately $170,000 in operating funds. In addition, we should receive revenue <br /> from room rentals (including a daycare), some from a few small community partnership <br /> ventures we plan to launch. We are also going to begin offering memberships. There <br /> will be two kinds of memberships: local neighbor members and virtual neighbor <br /> members. Local memberships will be very inexpensive and will allow people living in <br /> the immediate area to participate in all activities. Set at the "couch change" level, it <br /> should be well within the means of all residents. The first year's budget does not <br /> depend upon membership as a significant source of revenue. Virtual membership will <br /> allow people to participate in webinars, virtual and physical events and a <br /> newsletter. The Rogers/Eubanks community is in touch both with its history and <br /> creating a future that shows we can grow without displacement. People will want to be <br /> a part of that. <br /> The second and third years of operations will depend upon two large sources of <br /> revenue: a development grant to build the capacity of the center to incubate <br /> community partnership businesses (including the training needed), and an extremely <br /> robust membership that relies heavily on virtual memberships. Although that is <br /> somewhat risky, obtaining the funding noted would require 250 members at a dollar a <br /> day for the second year and more people in the third. In addition, however, the <br /> revenue is not the foundation of the operating budget. Modest increases in the revenue <br /> from the community cooperatives, room rentals, and grants other than the incubator <br /> grant should allow us to match our expenses. We have diversified our possible revenue <br /> sources to limit our vulnerability. In addition, we anticipate that we will use profits to <br /> fund community partnership initiatives and to expand the services we provide to the <br /> neighborhood. <br /> CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, trade-secret <br /> information and is shared only with the understanding that you will not share its contents or ideas with <br /> third parties without the express written consent of the plan author. <br />