The ability to qualify for a mortgage in 2020 was an incredible gift to Wings of Hope. It laid the foundation to begin placing roots and taking the dream of a forever home into reality.
As the ministry expands services and looks to the future our leadership team is excited to focus on reducing the land mortgage debt at this time.
What this means:
While we plan for future physical needs through a Forever Home 2.0 committee and take time to develop a site plan, we will not incur any additional debt. If a friend of the Ranch is looking to fund a future project while Wings of Hope still has mortgage payments donations can be ear marked for future growth but an active fundraising campaign will not take place.
In 2024 the goal is to raise $25,000 so a one-time additional payment can be made January of 2025. This one-time payment would be a savings of about $28,000 in interest and lead to a pay-off date of February 2036 (1 year and 5 months quicker!)
Starting in 2025 the goal is to make additional quarterly payments. Additional quarterly payments of $5000 would be a savings of about $49,000 in interest and lead to a pay-off that's 6 years sooner!
Funds received from naming opportunities such as the one remaining stall, the classroom and tack room will go towards the debt reduction.
How you can help:
Pray that God lights the path and decisions of the leadership team
Pray that God brings this opportunity to those who are looking for a way to assist Wings of Hope in serving children now and in the future
Make a donation of any amount to the Forever Home
Share Wings of Hope's story and ministry with friends
Your word is a lamp to my feet and a light to my path.
Psalm 119:105
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