Growth can be a problem, sometimes
Elevate Life Church, an ARC Church located in Oak Leaf (Jacksonville), FL, is the 13th Fastest Growing Church in America in 2016 according to Outreach Magazine. The church had grown from a few hundred people to over 2,000 people within a 3-year period, and was in desperate need to move out of the high school they were leasing into their own permanent space. ELC contacted us at the beginning of 2015 after trying to engage the local banks in the area to work with them, but had not found a partner willing to help them make the necessary steps towards their goal for project.
We quickly created a pro forma based on the the adult and family capacity needed to justify the cost of the relocation and project expense. We knew that a potential project would cost $7MM to $8MM. At that time, ELC did not have an income or giving base who had been with the church long enough to support the capital requirements and debt load at that level. Shortly thereafter, we created a comprehensive financial strategy as a result of a one-day, on-site Vision Feasibility Analysis, which included working with them for a year to create strategies for top-line revenue growth. This resulted in an 85% increase in revenue for 2015 over 2014. We worked with the architect and general contractor to develop a budget based on the needs of the ministry and the financial strategy created in the VFA. We also worked with ELC to engage with Generis to establish a capital fundraising strategy based on the same financial plans for the project.