ORTHODOX CHURCH CAPITAL IMPROVEMENT FUND needs your help!

The Orthodox Church Capital Improvement Fund (OCCIF) has been established in our diocese as a resource to provide loans for building and capital improvements for parishes. It will also provide a way to invest in a venture that helps grow the Church. John Della Monica, Jr., President of OCCIF, asks for assistance in the following areas to enable the Fund to begin its work.

Securities Law: OCCIF will begin its operations with a diocesan-wide fundraising effort to generate as much capital as possible, allowing the process of as many qualified loans as can be supported, followed by investment for growth. OCCIF needs assistance navigating both state and federal securities law. We are now looking for someone to compassionately provide this level of expertise.

Accounting: to be successful, financial transparency is an absolute requirement. We need the compassionate services of a Certified Public Accountant (CPA). This individual or firm will be working closely with our bookkeeping staff, monitoring all accounts, transaction reporting, disbursements and financial filings. A professional relationship will be maintained with a separate CPA firm for all state and federal tax reporting.

Investment Banking: We need specific counsel on matters of investment strategies once the fund has reached a level requiring a fund manager. Pre-planning in these matters is paramount to the success of the fund and its managed growth. The greater the level of resources available, the greater lending source it can be to the diocese.

Banking: We have established a working relationship with two national banks: Wells Fargo for general business practices, and Bank of the West as a potential loan partner. As the program moves forward and OCCIF develops a greater loan portfolio and asset balance, we will face greater challenges operationally in our banking relationships. Advance planning is a must to foster an attitude of professionalism generating an unquestionable level of transparency and accountability. We need someone with a business banking background to develop and establish further working relationships with other financial institutions with whom we conduct business.

Please forward to this information to anyone who can help in any of these areas. All inquiries can be forwarded to johnd@occif.org. We would ask you to attend all regular Board meetings, held approximately once per month. However, our meetings are usually conducted through Skype so travel time and expense are kept to a minimum. We will also need qualified persons to serve on the Board as we grow. Anyone interested, please forward your information to the above contact. We cannot be successful without the help now being sought.

Please prayerfully consider your talents and offer them up to this good work!