CROSSROADS FOUNDATION Grant Application
Organizat ion Name: Applicant Name: Address:
I Am Ministries, Inc. dba The Source Tony Zorbaugh
Telephone:
Vero Beach, FL 32960
Cell Phone:
Tony.zorbaugh@iamthesource.org
Website:
www.iamthesource.org
Project Title: Amount Requeste d:
2021-2022 Audit and Dignity Village
Objective of project:
Strategic Plan:
Employer Identification Number:
1015 Commerce Avenue
Email Address:
Project descripti on:
Date:
June 9, 2022 59-3354241 772-564-0202
$10,000 / $10,000 Our request of $20,000 will subsize the cost(s) of The Source’s 2021-2022 independent audit and renovations to Dignity Village. Our audit is prepared by Templeton & Company, a certified public accounting firm provides full financial disclosure of The Source’s programs. Dignity Village was purchased in December 2021; reconstruction is under way to renovate and restore 19 individual units. Remodeling includes, indoor and outdoor painting of each unit, replacing dry wall, updating air conditioning units, kitchens, and bathrooms.
The objective of an independent audit is to examine the 2021-2022 financial records including business transactions and accounting practices. An audit validates The Source’s commitment to financial transparency and accountability. Our audit verifies, assets, and liabilities and demonstrates compliance. It provides our trustees, constituents, donors, and partners a summary of incurred income and expenses throughout the fiscal year (July 1 – June 30). With the lack of affordable housing in our community, the Dignity Village will provide affordable housing for individuals and families on a short or long-term basis. The village will provide safe and comfortable homes within one spacious and self-contained community and allow for client’s programs and services, prayer, and dining to be offered under one roof. Dignity Village is a real solution and value to the community. As part of our strategic plan, The Source conducts a yearly audit. It provides financial clarity of The Source’s programs and project. An audit demonstrates The Source’s dedication to our programs; it provides full disclosure of The Source’s finances and promotes trust.