Where does the Money Come From?
Home Equity Associates is totally debt free, and does not borrow capital from ‘regular financial sources’ to fund its day to day operations. Income derived from memberships, membership renewals, and other activities such as lotteries, health insurance and telephone plans, develop into an asset, which, after operating expenses are deducted, is utilised in various projects of WAIC Inc. to generate a compounding interest component. As well as income from these souces, HEA, under the rules of association, as authorised to accept deposits and investments from interested members. As the Association grows in strength, funding will be sourced elsewhere in bulk, on terms favourable to members. Once again the savings are passed on to members by the way of low interest Home Ownership Plan. As a Not-For-Profit organisation HEA can accept donations, and is also sourcing Corporate sponsorship, which will provide products and services to members, and donations to pay for publications etc, resulting i
