Stable at the new farm will provide a safe home for CVHR horses.
We are currently just under $30,000 with pledges and donations. I am preparing to move forward and am actively seeking an investor. In doing so, I updated our Media Package that tells a little bit about Central Virginia Horse Rescue. You can view it here: Media Package
CVHR Farm Proposal
Purpose: The proposed new farm will provide a permanent home for Central Virginia Horse Rescue and will serve to expand their current capacity while also providing an opportunity to increase revenue-producing services offered to the community such as summer camps, lessons, horse shows and trail rides. The most common reason that equine rescues fail is loss of lease/property. We have assisted horses from three separate Virginia horse rescues in just the past year who lost their property/lease and were forced to close.
History: Central Virginia Horse Rescue was formed in 2010 to help provide a solution for horses that were abused, neglected and slaughter bound in the central Virginia area. Since our creation, we have placed over 165 horses into good homes and have approximately 12 horses that are permanent residents of the rescue. Of those adopted, over 20 have been Standardbreds that came from feed lots, trainers and owners.
Central Virginia Horse Rescue has achieved:
• Verified Status with the Global Federation of Animal Sanctuaries,
• Member of The Homes For Horses Coalition,
• Been a Top Rated Non Profit in 2012 and 2013 with Great Nonprofits,
• Won a Vetricyn Loves Animals Grant in 2013
• Worked with Animal Control Officers in 2 states and 6 counties.
• Given 4 small emergency grants to local families to help them keep their horses.
• Grown from a 1 mule rescue to an organization with revenue of over $100,000.
Current Need: Central Virginia Horse Rescue is currently seeking investors for private financing for up to $120,000 mortgage loans at an interest rate of 5% . We would like to amortize this loan for 30 years with a balloon payment in 10 years. Our plan at that time would be to either pay it off or refinance it commercially. The 72 acre farm would be collateral for this loan. Information on the property can be found here.
Equine Rescue: There is a demonstrated need for a horse rescue in the Central Virginia area. Animal Control officers are frequently reluctant to pursue seizure cases of large animals/livestock because there is no place to house them after seizure. Central Virginia Horse Rescue has taken in horses through county animal control cases in both Virginia and North Carolina. The furthest one was from Tazewell County, VA.
We currently operate at or over capacity on a regular basis and turn away needy horses on a daily basis. While many of these horses can be placed outside of rescue, there is a percentage that truly need rehabilitation in a rescue.
The farm would enable us to easily double our capacity and we could care for them with a minimal staff. While the fencing needs repairs, it is fenced for horses and would meet our current needs with minimal expense after purchase.
Children’s Camps & Education: We ran two pilot day camps last year with a limited number of children. The camps were wildly successful with all participants expressing a desire to attend future camps. The camps brought in $600-750 per week. The expenses were minimal. Craft items and snacks were less than $50 per week.
If we ran those camps for 8 weeks during the summer with 5-10 children each week, our gross income would be $6,000 to $12,000. We would offer one week of training camp to our junior counselors and those counselors would help out during the summer camps for younger children.
Horse Events: There are not any horse show grounds that are available to the community within 75 miles. Our initial plan would be to obtain a grant to have an arena put in that would be available not only to train the rescue horses but also would be available for fundraiser horse shows, trail rides, etc. These fundraisers should provide $1000-$1500 per month in income.
The arena would also be available for the community at large to host horse events. A similar arena was funded and built in Scott County and has an annual program service income of $48,000 from the arena. Scott County has similar demographics to Brunswick County.
Cost of Farm: $200,000
Down Payment: $80,000 ($30,000 raised so far. $50,000 Interest Free Loan payable in 10 yrs)
Loan Amount $120,000
Monthly Payment at 5% interest amortized for 30 yrs: $644
Current Lease Payment: $250
Increase in Monthly Cost: $394
Annual Mortgage Cost: $7728
Annual Increase in Income: $18000-30000
Cost of Improvements:
Improved Fencing: $5,000
General Farm Repairs: $3000
Phase 2 -
Run In Sheds: $10,000 (5 run in sheds @ $2,000 each) (Paid for w/proposed Grants)
Outdoor Arena: $40,000 (Paid for w/ Hardwood Timber from property & proposed grants)
Overall, we feel like this is a necessary and positive step forward for Central Virginia Horse Rescue. We feel that it is the best plan to make the rescue more independent and professional as well as providing a community resource.
You can download a copy of this proposal in pdf format here: Farm Proposal