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The Beginnings of a Framework to Manage Wealth Presented by Michel Labbé, President and CEO. Example: Options for Homes Housing Model. Condominium Corporation. Architect, Engineer etc. Members become condominium owners. Development Consultant. CO-OP Developers. Wealth Holding
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The Beginnings of a Framework to Manage WealthPresented by Michel Labbé, President and CEO
Example: Options for Homes Housing Model Condominium Corporation Architect, Engineer etc. Members become condominium owners Development Consultant CO-OP Developers Wealth Holding Non-Profit Other Consultants Contractor Deltera
Out-Competing the Private SectorExample: 660 sq. ft. 1-Bed Suite Your cost/total cost $270,000 Profit $40,000 Marketing Commission & Soft Costs $50,000 Options Contribution $15,000 Low-end-of-market value $218,500 Your cost $190,000 Contingency $5,000 Pool, Sauna, etc. $15,000 Marketing Commission & Soft Costs $30,000 Building Costs $140,000 Building Costs $140,000 Land $25,000 Land $15,000 Private Developer Options For Homes
Potential for One Country • Canadian capacity of 20,000 housing units per year • Creates surplus of $400,000,000 per year
Example: Options for Green Energy Business Model Members Pool Development Consultant Green Energy CO-OP Wealth Holding Non-Profit Surplus Engineer, Consultants, etc. Contractor: Builds/Installs Components
Community Wealth Non-Profit: 5 Stakeholder groups Social Enterprises: CSI Development Groups: T.R.E.C. Windfall Green Energy Co-ops: Solarshare Pukwis Queen St. Co-operative Sector: Credit Unions Name Individuals: ????? 0 to 4 members in a group = 1 CWF board member. 5 to 9 members in a group = 2 CWF board members. 10 + members in a group = 3 CWF board members.
Community Wealth Non-Profit • Distribution of resources • At least 60% back to the originating sector (with 50% back to the region of origin) • At least 30% to other non-profit social enterprises • Up to 10% to capacity building and educations