The “Make MORE Space” Campaign
MakeSpace is on the verge of a significant milestone – we have moved into a larger space to meet the growing needs of our community. We are thrilled to share that the new space, spanning over 6000 square feet and located just down the street from our previous location, will enable us to expand our programs significantly. We need your support to renovate this building from an office use space to a community space.
Here’s a Snapshot of Our Financial Progress
While the acquisition of this building marks a huge milestone, it’s crucial to remember that our journey doesn’t end here. To transform this building into a fully functional community space, we need to come together once again to raise the necessary funds for renovation and loan repayment. Here’s a breakdown of our financial journey and what lies ahead:
- Total Endeavor Cost: $2.4 million
- Purchase price of the new building: $2.2 million
- Initial renovation costs: $300,000
- Our Collective Savings and Efforts:
- Over the years, we’ve saved $809,000
- We’ve made a substantial down payment of $550,000 on the new building.
- We’ve secured a loan of $1,650,000 to cover the remaining purchase price.
- Our monthly mortgage payments is $11,800
- Next Steps and Goals:
- Sale of our Current HQ will contribute an additional $500,000.
- Total Fundraising Goal: Raise $1,000,000 by the end of the year (12/31/2024).
- Progress So Far: Since January 1st, 2025, we’ve raised $600,000.
- Upcoming Milestone: By the end of Ramadan 2025, our goal is to reach $300,000 for renovations.
Here’s How Your Donations Help Transform Our Space
We want your input!
MakeSpace wants your input to put together ideas of what the community wants in the new space. Your feedback will help us create a space that meets the needs and preferences of our diverse community.