“By the way,” asks the boss, “Which three companies are after you?” The employee quickly answers, “The electric company, the water company, and the phone company!”
A major consideration for relocation is that we can cut our overhead (i.e., cost of doing business in California) by $500,000 per year. While this may seem reason enough to move out of California, there are other advantages. Our Glendora church property has significantly increased in value; by relocating, we would access some of that accrued equity to go directly into our mission of the gospel proclamation.
Every time I attend any of our regional conferences or visit one of our churches, several members and ministers suggest their location as a great venue for our church headquarters. It is true there are many locations with a lower cost of living.
Another significant factor to consider in relocation is 65% of our congregations are in the eastern half of the continental US.
We are confident we can relocate to an area where the business environment is good for both business and non-profits – in other words a place of economic growth and development. Our management team has been searching for an area with good quality of life and access to more affordable housing for our employees.
For some, it may seem like an historic move since this is only the third time our headquarters has relocated. Just as our relocation from Pasadena to Glendora ten years ago had virtually no effect upon our churches, this move will be similar. Mostly the impact will be on our staff in successfully relocating.
We are on sound financial footing, and we strive always to be the best stewards we possibly can be. We were pleased when Capin Crouse LLP, our external auditors, gave a “clean and positive” report to the Board in June, 2016. During the presentation of the report, the auditors also shared a “Letter to Management” outlining any suggestions they may have for changes or improvements. The report did not make any suggestions for improvements. The presenting partner shared, “It is unusual to have a letter to management without any suggestions, because we always try to find something!” She complimented management on the Church’s financial systems.
Read the full letter here: Donor Letter
And here: About the GCI Board and Plans Relocate Our Home Office