Max Gaines Philanthropic Entrepreneurial Proposal Pratt Institute / Grad CommD 2011 Class: Global Design

1. VALUE
Public Service

2. PROPOSAL
Offer affordable housing to prospective renters.
We will require prospective tenants to have a
background that includes community service and/or
philanthropy work
All tenants are held personally responsible for the
maintaining the upkeep of not only their space, but the
entire property itself.

3. my
OWN.
Responsibility through
(NON) Ownership

4. “We intend to build a society
of owners. We wish to make
sure everyone is a participant
and encourage personal
responsibility.”
George W. Bush, State of the Union, 2005

5. WHO IT’S FOR:
Renters residing in the
Clinton Hill neighborhood of
Brooklyn NY.

6. DELIEVERABLES
My Own will offer affordable housing to prospective
renters.

7. DIAGRAM
Affordable housing
Security
Rent
Community service
TENANTS

8. FINANCIALS
INCOME:
Rent $43,200 - 48,000
EXPENSES
Property: $600,000 - 700,000
Renovations (typically 20% property value): $100, 000 – 140,000
3,500 Sq Ft Commercial Space w ($5500.00 month) $66,000
Taxes: (~) $1,500
Property Insurance:
Insurance (Office Space)
Staff + Benefits: (~) $300,000
Office Supplies: (~) $15,000
Computers
Copy Machine
Telephones
Mobile Phones
Paper
Misc
Telephone / Internet: $1,200
Advertising $10,000
(~) $1,300,000

9. Responsibility through
(NON) Ownership