Help Us to Make a Difference
With Your Gift
In order to fund our organization and at the same time help restore people and communities,We believe in addressing the cause rather than just the symptom, which is why we invest large amounts of time and energy in providing housing and supportive services.
We acquire and develop all forms of real estate to provide that quality affordable housing and those much needed services. Let’s face it, The underserved and disadvantaged are often looked over in today’s society. What’s that you say? You want to know how you can help? Great question!
We accept charitable gifts of all forms of real estate, vehicles, water crafts, air crafts,cash donation and personal property. In exchange for your donations you get a tax write-off for the current fair market value of your donation. Which can be used to offset your federal, state, and capital gains tax. (Please consult with your tax professional for the best way to maximize this strategy)
Real Estate
Do you own a property free and clear and it is not cashflowing for you? It is actually costing you. Vacant, Tired of tenants and maintenance, looking to downsize, property taxes getting out of control, listed with a realtor and did not sale, or you just want to liquidate and move on with your life. No worries, let us help you with that sounds like a straight donation to our organization would be a perfect scenario for you.
What is that you ask? What is a straight donation? Good question?!
Straight donation
Straight Donation is just that! You are donating your property to us to help further the advancement of our mission and vision. Nothing complex or complicated about that. In return you get a tax write off for current fair market value. Below are some of the benefits of a straight donation. ( Please consult your tax professional on how to maximize this strategy)
Donor Benefits
Avoids long, complicated, and messy selling process
Maintenance upkeep issues resolved
Capital gains tax issues eliminated
Deduct full market value now, not what you purchased it for in the past
Leave a lasting legacy
Help support a just cause
Do you own a property that has equity and it's vacant, behind on taxes, housing court issues, code violations, facing foreclosure, inheritance, going through a divorce, tenants not paying. You may have tried to sell in the past or have been contacted and given a lowball offer that just doesn't work for you! Well no worries we are here to help.
Sounds like a bargain sale to our organization would be a perfect scenario for your situation.
What is that you asked? What is a bargain sale!? Great question?
Bargain sale- Is when you donate a property to our organization the tax write off is the difference between the current market value of the property and the debt owed.
For example: let's say you own a property that is worth $200,000 as it sits right now today, You have paid down $100,000 so the equity you have in the property is 100,000 the difference between what the property is worth and what you owe(equity). If you donate that property to our organization you can get a take write off for your equity of $100,000 and receive cash. Below are some of the benefits of a bargain sale.
Donor Benefits
Gift property Subject to Debt
The gift equals the difference between the current market value of the property and the debt amount.
If donor pays on the debt, he/she receives income tax charitable deductions as made
Leave a lasting legacy
Help support a just cause
The charitable portion of the Bargain Sale provides the donor an immediate federal tax deduction equal to the donated portion, up to 30% of the Adjusted Gross Income (AGI) in the year of the donation. If the charitable portion is greater than 30% of the donor’s AGI in that first year, the excess can be carried forward for five additional tax years.(please consult with your tax professional to maximize this strategy)
We believe in addressing the cause rather than just the symptom, which is why we invest large amounts of time and energy in providing shelter services. Lost Dreams Restored is all about improving the shelter facilities in communities so that everyone will have a safe home and shelter.