Brokerage Services 501(c)(3) Not-For-Profit
WHY IS WORKING FOR NOT-FOR-PROFITS DIFFERENT?
Serving 501(c)(3) organizations generally involves working amongst committees comprised of hired professionals and unpaid lay-volunteers. The dynamic of working within a committee structure differs dramatically from working with a single decision maker or a corporate decision-making body. Ample experience is necessary to understand the volunteer structure, as well as how to best function as a unified and cohesive body in these circumstances.
HOW DO REAL ESTATE PROPERTY TAXES AFFECT A 501(C)(3) ORGANIZATION?
A not-for-profit registered as a 501(c)(3) organization is not required, by law, to pay real estate taxes when it owns and occupies the space. When a property is taken off the tax rolls, it represents a financial loss for the municipality in which the property is located. This inherent conflict often adds complexity to a 501(c)(3) transaction. As real estate advisors with particular experience in these situations, Podolsky|Circle can play a significant role in structuring a deal that most benefits the not-for-profit agency or institution.
DOES PODOLSKY|CIRCLE HELP WITH FUNDRAISING?
While we do have experience in the public and private fundraising sectors and will assist where possible, we will act only in an advisory capacity for this component of a project. We have built a significant network of professionals who specialize in 501(c)(3) fundraising and structured bond financing and sales. It takes a fully integrated team to meet the fundraising challenges within project timing goals that most not-for-profit projects require.
WE HAVE BEEN IMPRESSED BY THE SOUNDNESS OF YOUR ADVICE AND THE INTEGRITY OF YOUR ADVOCACY.
THE NETWORK OF PEOPLE AND RESOURCES YOUR TEAM HAS BROUGHT TO THE TABLE HAS BEEN SIGNIFICANT AND UNPARALLELED.”
Thomas J. Ellis
Chair, Board of Trustees | Roycemore School
WHY IS PODOLSKY|CIRCLE THE RIGHT FIT FOR YOUR 501(C)(3) ORGANIZATION?
Representation of not-for-profits requires a specialized skill set and an arsenal of resources. Podolsky|Circle’s past successes and vast knowledge base provide our not-for-profit clients tremendous value in navigating through the complex issues that are a part of every not-for-profit real estate need.
The goals for these clients are specialized, and therefore each assignment requires additional creativity and a particular skill set to successfully shepherd the project from conception to completion.
WHAT TYPES OF REAL ESTATE CAN PODOLSKY|CIRCLE ASSIST YOU WITH?
- Religious facilities
- Cultural centers
- Warehouse/Distribution facilities
- Training facilities
- Day care centers
- Adult education centers
- Governmental agencies