RECOVERY & REDIRECTION
Committed to higher moral functioning
New Beginnings Recovery Homes, Inc. is an intense program that provides services to an indigent population of persons who cannot do for themselves. During the eighteen (18) years that New Beginnings has been in existence, we have established a reputation for integrity, quality, technical experience and management of social programs.
How can your bank or lending institution help to continue what Mr. Williams has initiated?
Donate those REO properties that you no longer need or want on your books. On the attached page is the protocol to follow in making your donation.
New Beginnings has been involved with renting properties (houses) for its transitional housing program since 1990. In 1998, a combination of activities, involving transitional housing and rehabbing properties for New Beginnings allowed New Beginnings to utilize a variety of properties for its “homeless initiative.” HUD Direct Sales program allowed not-for-profit agencies such as New Beginnings to utilize these properties for the homeless population and after a period of time, purchase the property.
New Beginnings Recovery Homes Inc. is a company that thinks outside the box. New Beginnings is able to move quickly and decisively. The “product” this company sells is “service” to a population of persons that would otherwise be disenfranchised.
New Beginnings Recovery Homes needs a sufficient number of properties to provide housing for the nearly 100 “new persons” they expect to take into its program over the next 90 days. The agency does not have the financial resources to rent/lease these properties and is seeking donations of “REO” type properties that banks and lending institutions wish to divest.
New Beginnings is a minority 501(c) 3 tax-exempt agency that can act as a Fiscal Agent for those not-for-profit agencies, such as “Begin Anew,” that do not have the 501(c) 3 status yet. New Beginnings has he power to act in place of those agencies and to assist them in obtaining real estate that banks wish to donate.
In this expansion process, these agencies form a “collaborative arrangement” that is not only beneficial to themselves, but also to the many lending institutions that will seek to donate properties that they cannot sell within the defined parameters given them by the Federal Reserve or Bank Auditors.
Donating these, properties allow the banks a substantial tax write-off that they would not otherwise receive on a charge-off. In addition, the banks are able to avail themselves of CRA credits since they will have donated these properties to indigent agencies located within inner city communities. These not-for-profit agencies will take these properties and use them for constructive projects such as transitional housing for the mentally ill, mentally challenged, ex-offenders, HIV/AIDS affected persons and for persons deemed socially liable.
New Beginning Recovery Homes is located in leased premises at 2259 E. 73rd Street Chicago, Illinois 60649. New Beginnings Recovery Homes Inc., is involved in five (5) distinct activities:
1. Transitional Housing for socially indigent men and/or women;
2. Interactive Psychiatric Multi-Level Group Therapy;
3. HIV+ and AIDS Affected Program;
4. Drug Treatment and Counseling (Pending Activity);
5. Recovery Homes (Pending Activity).
Eighty to ninety percent of the New Beginnings Recovery Homes Inc., revenue is in the area of transitional housing and interactive psychiatric group therapy. At the present time (August, 2008), New Beginnings Recovery Home Inc., has 14 employees on its payroll and 10 subcontracted workers through the EarnFare Program.
The prospects for New Beginnings Recovery Homes Inc., continued growth is excellent. The company's overall objective is to satisfy that market segment that demands integrity and quality and to maintain a steady growth in service volume that will sustain the company for years to come.
Otis J. Williams, New Beginnings Chief Executive Officer, has enhanced his reputation to the point where the agency regards him as the architect and founder. His company’s leadership and managerial expertise has allowed New Beginnings to survive for the past 18 years without substantial government funding. He has taken ex-offenders negative skills, and turned them into positives. He has taken chemically dependent persons – cleaned them up using a restrictive, structured drug and alcohol free living environment to help them to find themselves and in the course of finding themselves – helped them to develop under his tutelage into positive driven workers who are able to leave his environment and move into permanent housing with definitive job skills.
Mr. Williams’ ability to command a highly diverse program that allows for the development of persons who had few marketable skills in the past, but while working on the job in varying capacities have developed under his leadership and become in demand by other agencies based on their ability and interaction with several other social service agencies. This speaks volumes about the quantity and quality of work that the agency does.
How can your bank or lending institution help to continue what Mr. Williams has initiated? Donate those REO properties that you no longer need or want on your books. On the attached page is the protocol to follow in making your donation.
