House of Worship financing

[Jo-Ann Lapin]

Church/ house of worship financing has become extremely challenging for many organizations. Society here in the states continues to move away from structured places of worship. Many churchs/ house of worships are finding that they have to close their doors as members simply cannot keep supporting them. I would personally like to think that it boils down to lack of finances. Some churchs/house of worship have been able to weather the storm by finding other uses for their facility. A growing trend is use them as charter schools. In my opinion a win win for all those in the community. Because of tidings diminishing and expenses going up many organizations turn to private/hard money. It can be a solution for all if structured with lots of TLC. A good deed for a good deed.