SAVE DAKINI MOUNTAIN CAMPAIGN DETAILS

 

PHASE 1 – Refinance and Development

Save Dakini Mountain $875,000 by Oct 31, 2022

  • Seller financing expires 10/31/2022
  • $875,000 in donations are being raised towards the equity
  • And/or an individual or group of guarantors to assume the loan

Fire Clearing and Post Pandemic Re-opening $150,000

  • Fire Clearing
  • Misc Upgrades for reopening
  • Taxes & Insurance
  • Critical maintenance


PHASE 2 – DEVELOPMENT
Guest Teacher Cabin & Other Upgrades $336,000

  • Guest Teacher’s Cabin
  • Solar & Electrical expansion for Events
  • Camping Upgrades
  • Event Tent
  • Driveway Safety Upgrade
  • Taxes & Insurance
  • Critical Maintenance


PHASE 3 – DEVELOPMENT
Bathhouse & Other Upgrades – $210,000

  • Bathhouse
  • New Well
  • New Road
  • Septic System
  • Taxes & Insurance
  • Critical Maintenance


PHASE 4 – DEVELOPMENT
Meditation Hall & Cabins – $485,000

  • Meditation Hall
  • 6 Cabins
  • Outdoor Kitchen
  • Taxes & Insurance
  • Critical Maintenance


PHASE 5 – DEVELOPMENT
Pay off remaining Dakini Mountain Loan ~ $250,000

TOTAL DAKINI MOUNTAIN DEVELOPMENT COST – $2,200,000

 

 

NEXT GOAL WILL BE INFRASTRUCTURE

Dakini Mountain came with significant infrastructure in place such as a magnificent central lodge, an off-the-grid solar electrical system, a well and water storage system, roads, a barn, and more.  Work to upgrade these facilities has already occurred but more is needed. The “Phase 2 Infrastructure Development Plan” for 2023 includes use permits, expansion of the water and solar systems, camping upgrades, building of a teacher’s cabin, and building of the central Vajrayogini stupa which will become a pilgrimage point for Vajrayogini in the west.

ULTIMATELY – THE LONG TERM SUSTAINABILITY GOAL

$2.2 million in donations needed for full ownership, development and building of long term infrastructure.

MORE WAYS TO CONTRIBUTE
Guarantors to Back the Loan

You may also wish to contribute by guaranteeing the loan by pledging their asset as collateral so that the non-profit qualifies for a refinanced loan. This has minimal risk for guarantors because the loan is guaranteed by the land in an area that the land value has steadily increased and is forecasted to continue to increase. We have one guarantor already and are looking for three more.
Please contact Info@DakiniMountain.org for more information on becoming a guarantor.

Your Donation is Tax-Deductible
Dakini Mountain is a 501c3 non-profit organization. All donations are tax-deductible.

 

 

Save Dakini Mountain $875,000 Will be divided into $725,000 for equity and $150,00 will go to Phase 1 Development Expenses
Original Purchase Price 1,650,000
Current Equity 525,000
Save DM Donations to equity 725,000
Total Equity after Save DM Campaign 1,250,000

Expenses after Save Dakini Mountain Campaign
Refinanced Loan 400,000
Monthly Mortgage 2284 @5.553%
Taxes, Insurance 1864
Totaly Payment 4148
Repairs 2000
Land Manager 2000
Bills/Utilies 400
Sub-Total 4400
Total Monthly Expenses After Save DM Campaign 8548

Where does the $150,00 from Save Dakini Mountain Campaign Go? 
Fire Clearance
Misc Upgrades for reopening
Critical maintenance
Repairs
Capital Improvements
Taxes & Insurance
Total $150,000

2023 Dakini Mountain Projected Income

 Monthly Yearly
Residential income top floor of lodge $5,500 $66,000
Airbnb Rentals 2 weekends after expenses $800 $9,600
Yogic Medicine Institute $3,600 $43,200
Group Events 6 x a year $750 $9,000
Other expenses, legal/accounting and staff are subsumed in NPO budget
Total Projected Income $10,650 $127,800

2023 Dakini Mountain Projected Operating Expenses

 Yearly
Monthly Mortgage 5625 $27,408
Taxes, Insurance 1864 $22,368
Totaly Payment 7489 $49,776
Fire clearance 833 10,000
Repairs 2000 24000
Land Manager 2000 24000
Bills/Utilies 400 4800
Sub-Total 4400 62,800
Total Monthly Expenses $8,148.00 112,576