The Team
Our creative team
You’re Worth It Foundation Inc
Purpose
Fill the need for housing for low-income and extremely low-income families through donations of real estate and monetarily.
Get better results with your investments through us today!
Amazing people striving to build great communities.
CEO – Sharon Parry (left)
Over 10 years of management. Reading people and adapting to necessary management styles. Extensive experience in assessing situations and building an organized directive. Willing to take calculated risks.
Secretary – Leyla Harmony Vassor (center)
Former Lauderhill City Board Secretary for the Youth Council. Youth Excel for Lauderhill City.
COO – Angela Parry (right)
Management skills in several areas in customer service, and customer relations.Training individuals for upcoming roles. Follow up with contacts and associates Updates with training and new opportunities to improve individuals to be proficient in their areas. Motivating staff and keeping up today with new and upcoming training.
Our company is a collective of amazing people striving to build families through education home ownership.
There has been a housing shortage for a long time, but it got worst in 2008. A rapid influx of “affordable homes” is being built. But the “affordable housing” is not really that affordable at all. Low-income families are being pushed out of the housing market. HUD recommends an annual income of $47,542/year ($3,961.83/month or $1,980.92/bi-weekly) for a two-bedroom rental home. The average low-income family barely makes $25,100/ year ($2,083.33/month or $1,041.67/bi-weekly). There is a shortage of $400,033 truly affordable rental homes.
Florida has over 543,764 extremely low-income renters (ELI). 79% of ELI families live cost-burdened. Over 72,042 students are homeless.
Education is absolutely imperative for the success of our families.
Work-study, saving, and housekeeping is needed. Teachings are done on a family to family bases. Personal needs which include strengths and weakness are assessed. The majority of the LI and ELI families will not qualify for conventional loans. Trying to qualify for a first time home buyer loan could take an extensive period of time. The willingness of the renter to complete the 200 hours means they can get a home as long as homes are available and move-in ready. Family members prep for move-in by completing 200 mandatory hours of volunteer work which includes but not limited to classes on finance, budgeting, saving with accountability check-ins, job search, credit repair classes, and housekeeping. Housekeeping meaning the care and repair of the property by renter so they will be prepared to take over a home when the home is paid in full.
Every individual should have the opportunity to have a home, even the most vulnerable in society.
Target population are low-income (LI) and extremely low-income (ELI) families, which make up 48% of the 2,029,587 families that reside in Florida. These individuals make 30% or less of area median income (AMI) of $53,267. (NCCP) This group includes Labor force, disabled and single-parent/ guardian households.
Working with community leaders, investors, and shelters; we anticipate housing a minimum of 10 families per year. A home at this point, but total cost of home after rehab should not exceed $205,000 FMV.
Diversity, Equity and Inclusion
Our organization do not discriminate due to race, sex, gender, ethnicity or disability.
Our main focus right now and for the next 5 years is Miami Dade County then Broward and West Palm beach.
Projected Cost
For a single year an amount of $2,625,761.25 is needed for acquisition, rehab, consultation, outreach, marketing, supplies, payroll, events, and travel (mileage).
Cost Breakdown-
Acquisition- $820,000 (10 homes/1 year)
Rehab- $1,000,000 (10 homes/ 1 year)
Consultation- $1,200 x 1 year
Outreach- $5,025 x 1 year
Marketing- $125, 036.25 (working cost x 5% x 1 year)
Supplies- $75,500
Payroll- $167,000
Travel- $4,320
Annual Goal- $2,625,761.25
Timeline- 10 families in 10 rent to own homes per year for the first five years total cost $13,128,806.20 for a total of 50 families housed over 5 years.
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