By sifilings on
Archive
Church Finance
The Church at South Las Vegas stopped paying its mortgage in May
Pastor Benny Perez told media that the default was a strategic move in order to preserve member donations—totaling almost $650,000 according to court filings—given to expand church facilities. The church has the money to make its monthly payments (it has about $1 million in reserve funds) but believes it is bad stewardship to have tithes keep going into a “black hole.”

Discussion

Tue, 09/27/11
I agree that people do give sacrificially to a well cast vision. So was the vision wrong? Did it change?

Tue, 09/27/11
On the other side of the “Black hole” are individuals and businesses who deposited monies with the bank, savings and loan or credit union.

Sure their deposits are guaranteed by the FDIC up to $ 250,000 but who pays for that?

There is no “black hole”. To not pay a debt is shameful!

Twitter

Jim's Doctrinal Statement