Project Overview

Serenity Gardens is a 62+ gated community where exceptional, Eco Smart quality homes are affordable. Innovative housing is greatly needed to fill the current gap in affordable rental options. Our retirement community helps older adults, 62+ have real quality and affordable rental housing.

Executive Summary

EXECUTIVE SUMMARY Serenity Gardens of McAllen Serenity Gardens is intended to be established in McAllen, TX 78503 with the expectation of rapid expansion in the construction industry. The Company solicits financial backing to be able to introduce its new service (described below). Business Description: The Company shall be formed following Texas state laws and headed by Carol Croffoot. Serenity Gardens Consulting’s manager will be Doug McElroy. He has managed and overseen people and projects for over 40 years. Doug will remotely manage this project with frequent visits to the job site until job completion. He will ensure the Serenity Gardens branding is consistent across the country. Currently interviewing specialty contractors to join our team. Mission Statement: Our Mission is to help low-income senior citizens in the United States by developing a resort-style retirement community that can accept Hud housing assistance for each single senior or senior couple as full rent. This will help our beloved elders have more discretionary funds and enable them to lead healthier, happier lives in their golden years with other seniors and activities to enjoy on an ongoing basis. Rent is increasing right now in many communities across the country. Many Seniors face difficult housing decisions because rent is continually increasing, and they can’t afford to stay. They shouldn’t have to choose between paying their rent or buying prescriptions. This cycle will be broken with Serenity Gardens, we put people before profit. New Service: The Company is prepared to introduce the following service to the market: Retirement Community Rental Residence: Our service helps low-income Seniors have real quality and affordable rental housing. After paying into Social Security for 50 years and seeing the minuscule returns as a result, we saw the need to help low-income senior citizens have a more secure, affordable, and enjoyable life by building a retirement community that is subsidized by HUD so our seniors can have the retirement home security they deserve. There are over 15,000,000 low-income senior citizens in the United States to date. Most true low-income senior residences have long waiting lists and cannot keep up with the demand. And that demand is growing substantially daily with over 10,000 baby boomers turning 65 every day, and this growth will continue for 15 more years. According to https://www.consumeraffairs.com * More than 15 million older adults are economically insecure in The United States of America.  About 50% of seniors rely on Social Security for the majority of their income.  Over the next 10 years, the number of elderly Americans without homes could triple. Page 2 of 2  Poverty affects older adults differently than other demographics — these individuals are especially vulnerable to economic instability when their physical health, cognitive abilities and social networks decline. One more sad fact is, that it takes 38 months for a senior citizen who qualifies for HUD housing assistance to get the help they need. We do not want our seniors to have to wait that long to have a secure home, so we are including grants for those who are waiting for their HUD subsidy to take effect so our Seniors can move into our Retirement Community immediately and start enjoying their retirement with other seniors. * Elderly Poverty Statistics (2023): Senior Poverty Rate | ConsumerAffairs Funding Request: The Company requests funds of $199,841,568.37 over the course of 1 year. To build a much-needed retirement community in McAllen, TX. Why the need: Texas has one of the biggest shortages of affordable senior housing in the country. More than 765,000 older Texans are struggling to keep their homes. This problem will only get worse as the baby boomers age. Seniors 65 and older in Texas households are spending 30% or more of their income on house costs. This means that more Texan seniors aged 65 or older, who are on fixed or failing incomes can’t afford necessary costs like healthcare. They are spending most of their income on rent or mortgages to keep a roof over their heads. Financial predictions suggest a minimum percent return on investment by the conclusion of the financing period. Business Goals and Objectives: Short-Term Goals: Our Short-term goal is to acquire 100+ acreage to develop and build a 400 home Retirement Community in McAllen, TX. Long-Term Goals: Provide affordable homes to help our older adults, 62+, who are being priced out of market-rate housing, low- income apartments are difficult to find, have long waiting lists, and have unrealistic eligibility requirements. This retirement community is in McAllen, TX will have 400 homes. The average HUD housing subsidy is: 1 bedroom = $745 per month. 2 bedrooms = $845 per month. 100 homes @ $745 = $74,500 300 homes @ $845 = $253,500 income per month, $328,000 With projected monthly expenses of $57,500, there is a substantial profit of $270,500 per month or $3,246,000 annually. What will happen to these funds? Tony Robbins stated it best “When you give back, you’re able to better the lives of the people around you – your loved ones, the people in you your community or the lives of people somewhere else in the world. And finding meaning by giving back to the community doesn’t just benefit others – it benefits you. “ Serenity Gardens set out to change people’s lives every day by putting people before profits. This goes beyond our little community. The remaining funds will be donated to local programs, reinvested in our community, expanding Serenity Garden models across the country, and charity organizations. Here are two charity organizations Serenity Gardens of McAllen, TX will partner with: St Jude’s Home Health Care Greehey Children’s Cancer Research Institute Serenity Gardens will be part of the village it takes to conquer childhood cancer. These are just a few examples of how we will give back to our community and improve the lives of many on our journey.

Funds Required