Elevating Neighborhoods with a Purpose to a New Level!
“YOUR COMMUNITY FOUNDATION COMMITTEE,” or what The Johnson Development Corp (JDC) calls YCFC, for short, helps give residents the pride and comfort in knowing the unsurpassed quality expected from each JDC community will be maintained, sustained, and even enhanced throughout the years.
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How does the YCFC Work?
A foundation fee is collected at each closing as a .5% percentage of the sales price of each home. These funds are then set aside for such purposes as the Homeowners Association Board, upon recommendation of YCFC, deems beneficial to the community. Each time a property is re-sold, the fee is once again collected. Hence, the reserve, which always stays within the community, perpetuates for the life of the development.
Who Benefits from YCFC?
YCFC partners with the Homeowners Association Board to help select projects including, but not limited to:
How is the money spent?
An appointed group of citizens (YCFC) works in concert with the Homeowners Association Board to review grant applications and select projects and programs believed to best reflect the needs and interests of the community. In addition, foundation fees fund community artwork, holiday decorations, and special events.
Children’s Catastrophic Fund
Residents of Grand Central Park take pride knowing their community supports families who are challenged with the financial stress of caring for a child with a chronic, debilitating illness or congenital or genetic disorder. The Children’s Catastrophic Fund (CCF) has been established to help ease financial pressures through grants to deserving families. Families who satisfy the guidelines and successfully submit an application are eligible to receive an annual gift funded through foundation fees until the child in need is eighteen years old. The hardship grant can be used at the family’s discretion.
Application for Children's Catastrophic Fund (Residents only)