2017 02-28 project lakshmi presentation 1, scrubbed
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Project Lakshmi aims to create a hospitality-based community for adults with autism, focusing on life goals and necessary accommodations. The funding model includes initial support from a steering committee and community involvement, with key risks identified and mitigation strategies proposed. The project emphasizes collaboration, core values, and future planning through upcoming meetings to establish a governance structure and financial framework.
2017 02-28 project lakshmi presentation 1, scrubbed
- 1. Project Lakshmi A Hospitality Based Autism Community http://homewoodsuites3.hilton.com/en/hotels/louisiana/homewood-suites-by-hilton-lafayette-airport-la-LFTKSHW/index.html
- 2. Welcome! • The Vision • The Board • Funding Model • Number of Adults • A Visual Model • The Core Team • Planning to Fail So We Can Succeed • Core Values • Next Steps https://www.pinterest.com/pin/496733033870303761/
- 4. The Vision: Life Goals for the Tenants Freedom • Pursue happiness • Association with others • No unnecessary limits Passion • Relationships • Creative expression • Devote time on things they care about Purpose • Reason for being • Vocations • Talents Orderly Living • Lawful Behavior • Without harm • Within the larger society
- 5. The Vision: What does a Hotel have to offer? • Size – hotels with between 40 and 80 rooms are common • Location – near other businesses and landmarks • Layout – adjacent rooms, shared spaces • Roles – built with support roles in mind – housekeeping, kitchen, maintenance, management, etc. • Facilities – central laundry, central kitchen, kitchenette, pools • ADA Compliance – designed with special needs accomodations
- 6. The Vision: Example Floor Plan The target floor plan for a resident who needs daily support consists of an adjacent or nearby room for staging
- 7. The Board
- 8. The Board, Continued… Role Description Solution Architecture Guide the creation of the residence with focus on the Vision General Manager, The Business Management and Operation of the Business Executive Director, The Foundation Leadership of the Foundation and governance of the Residence Executive Director, The Residence Leadership and Management of the Residence Financial Counselor, The Enterprise Finance and Accounting Guidance across the Business, the Foundation, and the Residence Legal Counselor, The Enterprise Legal Counsel across the Business, the Foundation, the Residence
- 9. The Funding Model • Initial seed funding provided by founding steering committee, matching contributions, grants and donations • Initial Guess? ~$5,000. The Board needs to confirm or reset this number. • Seed funding is focused on launching the supporting business(es) • Business profits fund the Foundation • Foundation funding is focused on launching the residential community and ongoing operations
- 10. Cashflow
- 11. The Community Size • Between 20 and 30 adults • Starting with 20 founders. Commit to final number when property purchase contract is in progress. • Variation in support is set by the property room inventory.
- 12. Major Risks Risk Description Mitigation Funding We may not be able to raise the funds. Extend the plan to a longer capitalization period. Zoning The property zoning may not allow for Request rezoning. Make the property purchase contingent on zoning change. SSI benefits As a high occupancy residence, the tenants SSI benefits may be at risk Apply for exception, support a law change, or adjust the model. Embezzlement We will be operating with a large capital. There is a risk of embezzlement Background Checks for Board Members. Checks and Balance for asset management. Operating Costs The community may have higher operating costs than a business can cover Establish a third revenue stream through additional capital (investment), 1st floor leasing, or a 2nd business.
- 13. Plan to Fail • We’re going to make mistakes, have missteps, and even fail at times. • Where possible, we’ll plan for the possibility and attempt to minimize it. • But when we cannot minimize the risk, we’ll decide what we’ll do together. • And when someone takes the lead, but steers us wrong, we’ll give them the chance to correct and not lay blame. • It’s going to be a tough road. If it wasn’t, it would be done already.
- 14. Core Values • We need to define our values as a group to make working together go smoothly
- 15. Conclusion • Do you think it will work? Do you think it won’ • Are you interested in joining the effort? Please provide your contact information and take a chip. • Are you qualified to take on a Board role? Do you know someone with a special needs loved one who is? • Are you available in May for the next meeting, where we will nominate and select the Board?
- 16. Next Meeting (Meeting 2) • To be scheduled in May • Location: Woodstock Library? • Agenda: • Board Member Nominations • Nominee Introductions • Identify the Advocates • Vote on the Board, • Form the Steering Committee (Board + Advocates)
- 17. Next Next Meeting (Meeting 3) • To be scheduled in June • Location: An Extended Stay Hotel • Agenda : • Set the Foundation Budget (Background Checks, Non-Profit, Banking, etc) • Future Meetings: A more permanent location • Focus Groups: • The Foundation • The Business – Discovery, Plan & Budget • The Property
Editor's Notes
- #4: During the presentation, the physical model is available to touch upon.
- #5: During the presentation, the physical model is available to touch upon.
- #6: During the presentation, the physical model is available to touch upon.
- #8: During the presentation, the physical model is available to touch upon.