Research:

• Today more than ever-nonprofit organizations find it increasingly difficult to secure and maintain quality work environments – space that is stable and affordable as well as enhances the mission and operations of tenant organizations.   {Source:   http://www.nonprofitcenters.org/resources/mtnc.php}
• Economic Hard Times – Funding from foundations and corporate sponsors has decreased, especially to groups who already tend to receive a smaller portion of the pie.
• Infrastructure Instability – More than 80% of nonprofits do not own their own space. These organizations typically must allocate 20% (second only to personnel) of their expense budget to rent, thereby exposing over 1/5 of their cash assets to the profit driven fluctuations of the real estate market.
• Lack of Real Estate Focused Support Services and Advocates – There are very few, if any, organizations dedicated explicitly to office and program space needs of the nonprofit sector. Do date infrastructure support for nonprofits has been focused on management and organizational development, fiscal sponsorship, fund development, and more recently, information technology.

Current Realities:

• Currently the Omni Family Resource Center is 90% occupied and will need to stay there for 10 years to pay off note.
• PFC will need continued access to unrestricted funding or donations to pay the note as rent generated from Building 1 cannot be used to pay the note.
• The Omni tenants must be at least 85% Smart Start funded and/or non-profit "like-missioned." Currently, 81% Smart Start funded or nonprofit and liked-mission tenants and 19% other.