As a resident of Go Ye Village you have the opportunity to invest in the ongoing ministry of Go Ye Village. Investing in
the Village is investing in their future. Currently, there are two ways you can invest in the Village.
1. Advanced Monthly Care & Services Fee
2. Lay-Away Agreement
I. Advance Monthly Care & Service Fee:
(AMC&SF) allows you to invest in the Village
and earn a 5% annual discount. This discount is
deducted each month from your total fee for
your LIFE-CARE plan.
Example: $60,000.00 Investment
X 5% Annual Discount =
$3,000.00. Total Discount Earned
Divided x 12=
$ 250.00 Discount Deducted from your Monthly
Care & Service Fee.
There are two ways to use this AMC&SF
investment. The most common is shown in the
above example. The principal of the investment
always remains constant and the discount only is
deducted from the Monthly Care & Service Fee.
With an investment of $60K as the principal,
multiplied by 5%, then divided by 12 months brings
the monthly discount to $250. The total earned
discount for the year is $3,000.
Some residents prefer to invest only what
they need to cover their monthly expenses for the
year using (both) the principal and the discount.
This is called “Principal Reduction”.
Example: If your MC&SF is $1,000 per month:
nstead of the required $12,000 for the year, you
would only need to deposit $11,681.22, a savings of
$318.78 per year. Larger amounts result in more
savings. During the year the discounts would
reduce monthly as the principal reduces, due to the
fact that the principal is being used to pay your
monthly statement. Each month, your statement
would reflect your normal monthly fee, your
amount of discount, and the amount of transfer
from your pre-paid principal, resulting in a - 0 - balance.
II. Lay-away Agreement:
This Investment opportunity allows residents and nonresidents to invest in the on-going ministry of the Village and earn 5% annual interest on their investment. Many use this investment to supplement their income. Interest payments can be arranged for monthly installments and quarterly installments. Others use this as a way to build assets for future residency in the Village. The interest is rolled back into the Village each year increasing the amount of the principal. Because this type investment does pay actual earned interest, the Village must report it to the IRS and a 1099 will be prepared for their filing purposes.