Did you know there are potential tax advantages to donating non-cash assets to Northwest?

It’s simple enough to simply sell an appreciated investment and donate cash proceeds to Northwest. However, you’ll likely be liable for capital gains taxes on the appreciation. (This is not tax or legal advice, please consult with your financial or tax professional)

Instead of selling an appreciated asset yourself, you can choose to donate it to Northwest. You’ll be able to claim the full market value of the asset on your taxes and Northwest will sell the asset for full market value. Neither you, nor Northwest, will pay capital gains tax.

If you have any giving related questions at all, please don’t hesitate to reach out!

Our timeline is very fluid, but with each step of the project it’s becoming a little more firm.

Planning, Budgeting + Funding Stage (Winter/Spring 2022)
We’re in the planning and funding stage of our project. Before we can move onto the Development Plan stage, we need to ensure our plans are realistic as it relates to funding strategy. There are two critical pieces we are waiting on in this phase:
1. Pricing of our Plans (3 General Contractors are currently pricing out our building & site development plans)
2. Funding Capacity (This capital campaign is a critical next step to ensure our ability to adjust the size/scope of the project as well as to secure short & long term funding for construction.)

Finalize Development Plan (Spring 2022 – 5-8 weeks)
Once we release the engineers & architects to finish our plans, we expect an approximately 5-8 week window to finalize drawings to the level needed to submit to the Town of Cary.

Development Plan Approval/Additional Due Diligence (Spring/Summer 2022 – 9-12 months)
Our plans need to be submitted to the Town of Cary for their approval process. During this process, additional design work will be completed by the architects & engineers to ensure that we will be ready to move to construction. We’ll also be securing our funding, interviewing general contractors, tightening up budgets and more.

Construction (Spring/Summer 2023 – ?)
It’s hard to know at this point how long construction will take. Previous estimates for this project were 12-24 months for construction. As we work through the previous detailed phases, we’ll know more about our construction timeframe.

We are building a building that allows for growth, both in the initial phases, as well as in leaving opportunity for future expansions/additions.

Our projected size would allow for simultaneously up to 300 people to be seated in the sanctuary with another 100 people in kids spaces.

The immediate plan for growth would be to move to a 2 service format to double our capacity.

Additionally, our team is committed to prayerfully considering when and where and with whom God might call us to plant churches in the future.

For Sunday Mornings, we have two primary needs:
– Large Group area for our worship gatherings
– Rooms for NW Kids classes

In our current design, we are planning for space for 300 people in our sanctuary space and around 100 people in NW Kids spaces.

Outside of Sunday mornings, these spaces will all be designed to be flexible and multi-purpose. Student Ministry will like take over all of these spaces at different times of the week. Classrooms will be available for Bible Studies or other types of meet-ups.

During the week we anticipate keeping the building open for impromptu gatherings as well as reservable for events and meetings. We imagine people might stop in to use spaces for co-working, book clubs, a rest stop along the trail, an afterschool meet-up with friends, or any number things.

How might you hope to see this building/property used?

The requirements for developing our property are regulated by the State of NC and the Town of Cary (yes, Cary, not Apex even though we have an Apex address).

Those requirements include connections to our nearby roads, driveways that provide adequate traffic access, etc.

We are also required to have the pond for stormwater run-off. The size of the pond is determined by the amount of “impervious surfaces” (roads, parking lots, buildings) on our property.