{"id":9820,"date":"2023-05-31T21:23:22","date_gmt":"2023-06-01T04:23:22","guid":{"rendered":"https:\/\/blog2.neighbor.com\/storage-blog\/?p=9820"},"modified":"2024-01-29T16:16:47","modified_gmt":"2024-01-29T23:16:47","slug":"5-ways-to-maximize-your-church-assets-how-to-generate-income-from-unused-spaces","status":"publish","type":"post","link":"https:\/\/www.neighbor.com\/storage-blog\/5-ways-to-maximize-your-church-assets-how-to-generate-income-from-unused-spaces\/","title":{"rendered":"5 Ways to Maximize Your Church Assets: How to Generate Income from Unused Spaces"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p class=\"wp-block-paragraph\">Community churches can always find a valuable use for extra money. From church improvements and congregation events to charitable works, your budget plays an important role in fulfilling the church&rsquo;s shared mandate. In fact, most churches could benefit from several positive sources of passive income in addition to the occasional fundraiser.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One of the best ways for a <a href=\"https:\/\/www.neighbor.com\/commercial\/churches?utm_source=blog&amp;utm_campaign=contentlinks\">church to make money is to utilize your unused spaces<\/a>. Churches often need to assemble assets that are then only used once a week or a few times each year.&nbsp; Your parking lot, outdoor spaces, classrooms, and great hall are all potentially underutilized and could be put to work as an opportunity to make money and benefit the greater community at the same time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This article will explore a few promising ways to generate money for your church by creatively putting your unused or underused church assets to work.<\/p>\n\n\n\n<h2 id=\"creative-approaches-to-maximizing-church-assets\" class=\"wp-block-heading\">Creative Approaches to Maximizing Church Assets<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Church assets belong to the church and the community you&rsquo;ve built. The building, grounds, and the equipment you&rsquo;ve put together is important to the church when these assets are needed, but what about when they are not? Churches have a cyclical schedule and, often, large swaths of your assets go unused for days and even months at a time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you&rsquo;re willing to get creative, you can maximize these assets to generate income from unused spaces for the congregation, projects, and initiatives of your church. In some cases, putting assets to use can help pay for their upkeep as well.<\/p>\n\n\n\n<html><body><div id=\"in_post\">\n    <a href=\"https:\/\/www.neighbor.com\/host\" onclick=\"rudderanalytics.track('press editorial cta button', {location: 'first in post', version: '2.0'}, () =&gt; { console.log('track call'); });\">\r\n  <div class=\"first-in-post-cta\">\r\n    <header>\r\n      <h2 id=\"can-we-pay-you-to-store-vehicles\">Can we pay you to store vehicles?<\/h2>\r\n    <\/header>\r\n    <section>\r\n      <div class=\"service-option\">\r\n        <div class=\"service-option-icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n            <path d=\"M26.7552 20.0573C26.2911 20.9853 26.2499 22.3578 26.2499 24.375H33.7499C33.7499 22.3577 33.7088 20.9853 33.2448 20.0573C33.0557 19.6792 32.8 19.3973 32.3888 19.1841C31.9442 18.9535 31.2108 18.75 30 18.75C28.7892 18.75 28.0558 18.9535 27.6112 19.1841C27.2 19.3973 26.9442 19.6792 26.7552 20.0573Z\" fill=\"#005EB8\"><\/path>\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M28.0777 4.32887C29.3195 3.87732 30.6805 3.87732 31.9223 4.32887L48.7973 10.4652C51.0173 11.2725 52.5 13.3777 52.5 15.7462V33.1425C52.5 33.7407 52.4058 34.3605 52.1888 34.9629C47.861 46.9738 35.9939 53.5676 32.1164 55.464C30.7986 56.1086 29.2843 56.1505 27.9278 55.5549C23.9729 53.8185 12.0728 47.6941 7.77513 34.8948C7.58399 34.3255 7.5 33.7394 7.5 33.1762V15.7481C7.5 13.3807 8.98165 11.2729 11.2027 10.4652L28.0777 4.32887ZM22.4998 24.1662L22.4999 24.375C20.4289 24.375 18.75 26.054 18.75 28.125V35.625C18.75 37.6961 20.4289 39.375 22.5 39.375H37.5C39.5711 39.375 41.25 37.6961 41.25 35.625V28.125C41.25 26.0539 39.5711 24.375 37.5 24.375L37.5 24.166C37.5016 22.4546 37.5037 20.19 36.5989 18.3802C36.0848 17.352 35.2859 16.4621 34.115 15.855C32.9776 15.2652 31.6017 15 30 15C28.3983 15 27.0224 15.2652 25.885 15.855C24.7141 16.4621 23.9152 17.352 23.4011 18.3802C22.4961 20.1901 22.4982 22.4547 22.4998 24.1662Z\" fill=\"#005EB8\"><\/path>\r\n          <\/svg><\/div>\r\n        <h3 id=\"list-your-unused-space\">List your unused space<\/h3>\r\n        <p>People are earning $1,000s per year from their garages and outdoor space.<\/p>\r\n      <\/div>\r\n      <div class=\"service-option\">\r\n        <div class=\"service-option-icon\">\r\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M13.125 9.375C11.0539 9.375 9.375 11.0539 9.375 13.125V46.875C9.375 48.9461 11.0539 50.625 13.125 50.625H46.875C48.9461 50.625 50.625 48.9461 50.625 46.875V13.125C50.625 11.0539 48.9461 9.375 46.875 9.375H13.125ZM28.125 16.875C28.125 15.8395 28.9645 15 30 15C31.0355 15 31.875 15.8395 31.875 16.875V20.625H35.625C36.6605 20.625 37.5 21.4645 37.5 22.5C37.5 23.5355 36.6605 24.375 35.625 24.375H26.25C25.2145 24.375 24.375 25.2145 24.375 26.25C24.375 27.2855 25.2145 28.125 26.25 28.125H33.75C36.8566 28.125 39.375 30.6434 39.375 33.75C39.375 36.8566 36.8566 39.375 33.75 39.375H31.875V43.125C31.875 44.1605 31.0355 45 30 45C28.9645 45 28.125 44.1605 28.125 43.125V39.375H22.5C21.4645 39.375 20.625 38.5355 20.625 37.5C20.625 36.4645 21.4645 35.625 22.5 35.625H33.75C34.7855 35.625 35.625 34.7855 35.625 33.75C35.625 32.7145 34.7855 31.875 33.75 31.875H26.25C23.1434 31.875 20.625 29.3566 20.625 26.25C20.625 23.1434 23.1434 20.625 26.25 20.625H28.125V16.875Z\" fill=\"#005EB8\"><\/path>\r\n          <\/svg>\r\n        <\/div>\r\n        <h3 id=\"approve-your-renters\">Approve your renters<\/h3>\r\n        <p>You're in control. Approve who rents and the hours of access.<\/p>\r\n      <\/div>\r\n      <div class=\"service-option\">\r\n        <div class=\"service-option-icon\">\r\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M31.2776 51.9974L31.7666 51.5417C32.0789 51.2503 32.527 50.8317 33.0706 50.3224C34.1576 49.3041 35.6276 47.9224 37.158 46.4698C40.1682 43.6127 43.5576 40.3461 44.596 39.1282C46.7163 36.6414 48.1719 33.6468 48.8127 30.4251C49.5529 26.704 49.173 22.847 47.7211 19.3418C46.2692 15.8366 43.8105 12.8407 40.6559 10.7329C37.5015 8.62514 33.7942 7.5 30.0001 7.5C26.2061 7.5 22.4973 8.62504 19.3428 10.7329C16.1882 12.8407 13.7295 15.8366 12.2776 19.3418C10.8257 22.847 10.4458 26.704 11.186 30.4251C11.8268 33.6468 13.2824 36.6414 15.4027 39.1282C16.4411 40.3462 19.831 43.6128 22.8415 46.4698C24.3721 47.9224 25.8422 49.3042 26.9294 50.3225C27.4731 50.8318 27.9212 51.2504 28.2336 51.5418L28.723 51.9979C29.4428 52.6672 30.5579 52.6668 31.2776 51.9974ZM28.723 51.9979C28.723 51.9979 28.7232 51.998 30.0001 50.625L28.723 51.9979ZM30.0001 50.625L31.2776 51.9974C31.2776 51.9974 31.2771 51.9979 30.0001 50.625ZM30 32.8125C33.6243 32.8125 36.5625 29.8744 36.5625 26.25C36.5625 22.6256 33.6243 19.6875 30 19.6875C26.3756 19.6875 23.4375 22.6256 23.4375 26.25C23.4375 29.8744 26.3756 32.8125 30 32.8125Z\" fill=\"#005EB8\"><\/path>\r\n          <\/svg>\r\n        <\/div>\r\n        <h3 id=\"get-paid-monthly\">Get paid monthly<\/h3>\r\n        <p>Sit back and collect automatic payments each month.<\/p>\r\n      <\/div>\r\n    <\/section>\r\n    <footer>\r\n      <button>Learn more about hosting <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\">\r\n          <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M18.8304 5.17619L4.55227 11.6663H11.1779C11.8199 11.6663 12.3404 12.1867 12.3404 12.8288V19.4543L18.8304 5.17619ZM19.029 3.43822C20.0069 2.99374 21.0129 3.9997 20.5684 4.97757L13.0612 21.4935C12.5438 22.6316 10.8404 22.2627 10.8404 21.0124V13.1663H2.99417C1.74398 13.1663 1.37497 11.4628 2.51312 10.9455L19.029 3.43822Z\" fill=\"#EFF5F8\"><\/path>\r\n        <\/svg><\/button>\r\n    <\/footer>\r\n  <\/div>\r\n<\/a>\n  <\/div><\/body><\/html><h2 id=\"1-understanding-your-assets\" class=\"wp-block-heading\">1. Understanding Your Assets<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The firs step is getting a clear idea of your church&rsquo;s assets and identifying those that are underutilized. For example, you might book weddings regularly in the chapel, but your great hall may remain empty except for gatherings between and after sermons and the occasional congregation event. You may have beautiful grounds and playground infrastructure that only sees play during a few hours a week.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Chapel<\/li>\n\n\n\n<li>Great Hall<\/li>\n\n\n\n<li>Classrooms<\/li>\n\n\n\n<li>Landscaped Grounds<\/li>\n\n\n\n<li>Playground<\/li>\n\n\n\n<li>Parking Lot<\/li>\n\n\n\n<li>Catering Kitchen\/Equipment<\/li>\n\n\n\n<li>Event Furnishings\/Equipment<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">You might run a small daycare out of a few classrooms, with a few dozen other classrooms empty except for Sunday School and VBS. Even your parking spots have value, and are typically only fully used on Sundays, and partially used during the week when church groups gather.&nbsp;You might even have valuable equipment like projector screens, banquet table settings, or pavillion tents that are only used a few times a year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">List all the property and equipment assets in your church and look for those that are in use far less often than they could be. Each of these represents new ways for a church to make money.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img  decoding=\"async\"  width=\"800\"  height=\"300\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAyAAAAEsAQMAAAAB40V5AAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAADRJREFUeNrtwTEBAAAAwqD1T20LL6AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHgbdlwAAfFD\/zUAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-9822 pk-lazyload\"  data-pk-sizes=\"auto\"  data-ls-sizes=\"(max-width: 800px) 100vw, 800px\"  data-pk-src=\"https:\/\/www.neighbor.com\/storage-blog\/wp-content\/uploads\/2023\/05\/Churches-3.jpg\"  data-pk-srcset=\"https:\/\/www.neighbor.com\/storage-blog\/wp-content\/uploads\/2023\/05\/Churches-3.jpg 800w, https:\/\/www.neighbor.com\/storage-blog\/wp-content\/uploads\/2023\/05\/Churches-3-300x113.jpg 300w, https:\/\/www.neighbor.com\/storage-blog\/wp-content\/uploads\/2023\/05\/Churches-3-768x288.jpg 768w, https:\/\/www.neighbor.com\/storage-blog\/wp-content\/uploads\/2023\/05\/Churches-3-380x143.jpg 380w, https:\/\/www.neighbor.com\/storage-blog\/wp-content\/uploads\/2023\/05\/Churches-3-550x206.jpg 550w\" ><\/figure>\n\n\n\n<h3 id=\"2-monetizing-unused-spaces\" class=\"wp-block-heading\">2. Monetizing Unused Spaces<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Consider how you might monetize unused spaces like land, buildings, and parking lots through rental or lease services. There are many available groups and services who would gladly (and respectfully) use your church space rental as a venue for a modest fee that would benefit your budget for church maintenance, improvements, and good works.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Booking the Church as a Venue\n<ul class=\"wp-block-list\">\n<li>Many churches offer their chapel or great hall as a potential venue for weddings, family reunions, and other wholesome events. Churches are often among the largest and most welcoming buildings in a community, equipped with a catering space, tables and chairs, and of course the beauty of your chapel when such a space is needed.<\/li>\n\n\n\n<li>Booking your church as a venue allows you to collect a reasonable fee and celebrate special moments with members of your community both inside and outside your congregation.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Hosting Weekday Training Courses\n<ul class=\"wp-block-list\">\n<li>Churches often have a suite of classrooms that go mainly unused for most of each week, used only for Sunday School and the occasional church group meeting. Hosting community courses for a fee can be an excellent way to uplift your community by making practical education nearby and accessible while also generating income for the church.<\/li>\n\n\n\n<li>Consider the type of courses you might want to offer by pairing with an educational provider for things like CPR classes, food handler licensing, and so on. Pay will come from students, the educators, or both.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Renting Out Event Equipment\n<ul class=\"wp-block-list\">\n<li>If your church has special event equipment that is only used a few times a year, renting it out for other events can become a valuable source of income for your church. This is especially true if offered as a package when booking church areas as event venues.<\/li>\n\n\n\n<li>Tables and chairs, movie projector screens, bounce houses, popcorn machines; the things that make your church events special can make other events special too, and provide ways for a church to make money<br>&nbsp;throughout the year.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Booking Your Weekday Parking Spaces\n<ul class=\"wp-block-list\">\n<li>Many people notice that church parking lots are often empty during the week. While your church may have ample parking for Sundays and event days, that parking could be equally useful if rented out to local commuters, businesses, or tourists who need neighborhood parking when your lot is not in use.&nbsp;<\/li>\n\n\n\n<li>By marking availability, you can generate income from your empty parking lot and still leave it open for the Sunday congregation.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<html><body><div id=\"2_in_post\">\n    <a href=\"https:\/\/www.neighbor.com\/host\" onclick=\"rudderanalytics.track('press editorial cta button', {location: 'second in post', version: '2.0'}, () =&gt; { console.log('track call'); });\">\r\n  <div class=\"second-in-post-cta\">\r\n    <section>\r\n      <div class=\"service-option\">\r\n        <h2 id=\"earn-1000s-per-year-with-your-unused-space\">Earn $1,000s per year with your unused space<\/h2>\r\n        <button>Become a Neighbor host<\/button>\r\n      <\/div>\r\n    <\/section>\r\n  <\/div>\r\n<\/a>\n  <\/div><\/body><\/html><h3 id=\"3-partnering-with-rental-platforms\" class=\"wp-block-heading\">3. Partnering with Rental Platforms<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">One of the best ways to turn your church assets into a passive income source is to partner with providers and rental platforms that know how to use the space. Neighbor, for example, is a parking space rental company that can help you lease each spot or area of your parking lot for a modest fee. The potential for income depends on the demand for parking in your area.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Neighbor can help you list each available spot, set a price and availability times, and then receive payment for each &lsquo;tenant&rsquo; who chooses to book parking in your lot during the week. If you have &lsquo;boondock&rsquo; parking that is often unused even on Sundays, you can even offer long-term parking or oversized vehicle\/trailer parking for those who need it and have a<a href=\"https:\/\/www.neighbor.com\/storage-blog\/finding-parking-near-me-unconventional-solutions-to-your-parking-dilemma\/\">&nbsp;difficult time securing a safe spot<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Similar partnerships can also help you with event space booking, educational programs, or equipment rentals.<\/p>\n\n\n\n<h3 id=\"4-legal-and-tax-considerations\" class=\"wp-block-heading\">4. Legal and Tax Considerations<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Managing Rental Income and Taxation<\/li>\n\n\n\n<li>Insurance and Legal Matters<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Once you start planning to lease out space and time, it&rsquo;s also important to consider taxes and legal matters. This is a new form of income that may fall under new rules regarding your church and its operations. At the same time, you will also likely want to upgrade your facility insurance policy to make sure that your new operations are covered such that both the church and your tenants\/renters are protected by the policies.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img  decoding=\"async\"  width=\"800\"  height=\"300\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAyAAAAEsAQMAAAAB40V5AAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAADRJREFUeNrtwTEBAAAAwqD1T20LL6AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHgbdlwAAfFD\/zUAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-9823 pk-lazyload\"  data-pk-sizes=\"auto\"  data-ls-sizes=\"(max-width: 800px) 100vw, 800px\"  data-pk-src=\"https:\/\/www.neighbor.com\/storage-blog\/wp-content\/uploads\/2023\/05\/Church-2.jpg\"  data-pk-srcset=\"https:\/\/www.neighbor.com\/storage-blog\/wp-content\/uploads\/2023\/05\/Church-2.jpg 800w, https:\/\/www.neighbor.com\/storage-blog\/wp-content\/uploads\/2023\/05\/Church-2-300x113.jpg 300w, https:\/\/www.neighbor.com\/storage-blog\/wp-content\/uploads\/2023\/05\/Church-2-768x288.jpg 768w, https:\/\/www.neighbor.com\/storage-blog\/wp-content\/uploads\/2023\/05\/Church-2-380x143.jpg 380w, https:\/\/www.neighbor.com\/storage-blog\/wp-content\/uploads\/2023\/05\/Church-2-550x206.jpg 550w\" ><\/figure>\n\n\n\n<h3 id=\"5-community-impact-and-benefits\" class=\"wp-block-heading\">5. Community Impact and Benefits<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">One of the best things bout putting your underutilized spaces to work generating income for the church is that you are also helping the community. By opening your doors for local bookings, you can effectively become an auxiliary community center. You are creating&nbsp;<a href=\"https:\/\/www.neighbor.com\/parking-spaces-near-me\">affordable parking solutions<\/a>&nbsp;for the community, offering a new and safe venue for events and groups, or creating an accessible community learning location.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your church can become an even more involved and recognized part of the community through these works. Not only will you be accessing ways for a church to make money from unused spaces, you may also gain new congregation members who enjoy time spent in your church for other purposes and return for Sunday services and faith initiatives.<\/p>\n\n\n\n<h2 id=\"fund-your-church-by-renting-out-parking-spots-with-neighbor\" class=\"wp-block-heading\">Fund Your Church by Renting Out Parking Spots with Neighbor<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">There are many ways for a church to make money from unused spaces. Your church&rsquo;s empty parking lot can become a valuable asset, generating income as reliably as any fundraiser when you partner with Neighbor. Our app and digital community make it possible to turn any open space and paved parking area into a source of income by providing affordable parking to the community. All you have to do is list your price and availability, and we&rsquo;ll do the rest.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"Community churches can always find a valuable use for extra money. From church improvements and congregation events to&hellip;\n","protected":false},"author":25,"featured_media":9833,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[206],"tags":[],"class_list":["post-9820","post","type-post","status-publish","format-standard","has-post-thumbnail","category-churches","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Ways to Maximize Your Church Assets: How to Generate Income from Unused Spaces - Neighbor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.neighbor.com\/storage-blog\/5-ways-to-maximize-your-church-assets-how-to-generate-income-from-unused-spaces\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Ways to Maximize Your Church Assets: How to Generate Income from Unused Spaces - Neighbor Blog\" \/>\n<meta property=\"og:description\" content=\"Community churches can always find a valuable use for extra money. 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